Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 19 July 2022 11:28 am

  Energy Information Administration: US shale oil production may rise to a two-and-a-half year high in August

  

  The US Energy Information Administration expected in a report today, Monday, July 18, that oil production in the main shale basins in the United States would rise to the highest level since March 2020 next month. According to the report, US shale oil production may rise by 136 thousand barrels …

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• 19 July 2022 10:44 am

  Oil jumps $5, supported by the decline in the dollar and tight supplies

  

  Oil prices jumped more than five dollars on Monday, boosted by a weak dollar and expectations that the US Federal Reserve will not raise interest rates by a full percentage point at its next meeting to fight inflation. The global benchmark Brent crude contracts for September delivery ended the trading …

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• 19 July 2022 4:09 am

  Market Drivers – US Session – Monday, July 19

  

  The US dollar started the first day of the trading week weaker than the previous week, losing ground against most rival currencies. In the US session, afternoon, the dollar bounced back, as Wall Street was not able to retain its early gains and eventually headed to the red territory.Commodity-linked currencies …

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• 19 July 2022 3:42 am

  Coinbase rises 9% on back of cryptocurrencies’ rally

  

  Shares of Coinbase closed up 9% on Monday as cryptocurrencies like bitcoin and ether began the week rallying. Bitcoin was trading at $22,269, up around 6%, according to Coinbase data. Ethereum also jumped unevenly 10%, trading at $1,478.Tech stocks have been performing very well since Monday morning, moving up more …

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• 19 July 2022 2:38 am

  IBM shares retreat post Q2 earnings

  

  IBM’s results outpaced expectations for income and revenue. The company began selling the z16 mainframe computer during the quarter, leading Z systems sales to jump 69%, compared with a decline of 19% in the prior quarter.IBM’s revenue rose 9% year over year in the quarter, according to a statement. Income …

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• 19 July 2022 1:47 am

  US Equities suddenly fall as earnings season commences

  

  US equities fell sharply into the final hour of trading Monday following Apple’s plans to slow hiring and curb spending next year to prepare for a possible recession. The hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful …

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• 19 July 2022 1:31 am

  EUR corrects higher ahead of critical ECB decision

  

  The EUR/USD pair holds on its substantial gains and trades in the 1.0160 price zone after hitting a daily high of 1.0200. The US dollar remained weaker on Monday amid a significantly better performance in the stock markets.Investors are still concerned about looming recessions and overheated inflation, but at this …

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• 19 July 2022 12:26 am

  Prominent Guest In Paris As France Faces Looming Energy Crisis

  

  While Russia continues to cut off supply to Europe while historic heatwaves are causing a spike in demand for gas to cool homes, France is beginning to detect a looming energy crisis. A cold winter will take off after this summer, if fuel prices continue to rise, the crisis will …

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• 18 July 2022 11:33 pm

  Wall Street edges higher on more corporate profit reports

  

  Wall Street is ticking higher Monday to kick off a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading. The S&P 500 was 0.5% higher in afternoon trading, on pace for another gain after it …

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• 18 July 2022 10:47 pm

  Gold In Correction On Weaker USD As Fed’s July Decision Awaited

  

  Gold Price s correcting the weekly and daily impulses. The focus is on the US dollar’s performance and the future path of the Federal Reserve in response to latest inflation-linked data. The 50% mean reversion and a 38.2% Fibonacci retracement are brought into focus. At $1709 to $1711, gold price …

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• 18 July 2022 10:00 pm

  AUD/USD awaits speech by RBA’s Lowe for direction

  

  At 0.6827, AUD/USD is trading between a 0.6784 and 0.6854 range but is higher by 0.5% on the first trading day of the week in midday New York trade. However, the pair is significantly higher than the fresh bear cycle low that was printed last week which was the lowest …

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• 18 July 2022 9:10 pm

  USD/CAD retreats as sellers step in on high oil prices

  

  The USD/CAD pair slid almost 0.80% on Monday on a risk-on mood, soft US dollar, and elevated oil prices. Last week’s US inflation data, mainly core-CPI, eased worries of a Fed 100 bps rate hike, as most policymakers pushed back against it.Canada’s inflation and retail sales would shed some light, …

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• 18 July 2022 8:07 pm

  GBP/USD breaks above 1.2000 as US dollar drops further

  

  The GBP/USD pair broke above 1.1990 during the American session and jumped to 1.2033, reaching the highest level since July 8. It is hovering around 1.2010/15, up 150 pips for the day, boosted by a weaker US dollar.Generally speaking, there is a significant improvement in risk sentiment. Equity prices ended …

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