Open Demo Account
Breaking News

Market Analysis

July, 2022

  • 5 July 2022 11:22 pm

    Resigned Afolami calls for Boris Johnson to step down

    More news is coming out of 10 Downing Street, as the vice-chair of the UK Conservative Party, Bim Afolami resigned and calls for Boris Johnson to step down.Resignations en mass also included UK Parliamentary Private Secretary Saqib Bhatti, UK Parliamentary Private Secretary to Secretary of State for North Ireland Jonathan …

    Read More »
  • 5 July 2022 10:47 pm

    WTI Crude sharply Drops To $97

    WTI crude oil drops as the US dollar gains are entrenched. Bulls have mentioned that product inventories are at critically low levels, which suggests restocking will keep crude oil demand strong.Oil price is down by 10.6% on the day after falling from a high of $111.42 to a low of …

    Read More »
  • 5 July 2022 10:05 pm

    Resignations Quake UK’s 10 Downing Street

    UK political Tory resignations are dropping like rain because of widespread feeling of incompetence on the part of the Prime Minister Boris Johnson. So far, the pound is holding up after the initial 12 pip move to the downside vs the US dollar. The first was the British Health Secretary …

    Read More »
  • 5 July 2022 8:57 pm

    GBP/USD under pressure amid risk aversion

    Risk aversion continues to weigh on the GBP/USD pair. The pair fell to around 1.1897, the lowest level since March 2020. It remains under pressure around 1.1900. the pair seems unable to find support as markets generally fall.Fears about global recession and a worsening growth outlook in the United Kingdom …

    Read More »
  • 5 July 2022 8:08 pm

    After RBA’s decision, AUD/USD sinks on risk aversion

    The AUD/USD pair fell more than 100-pips during the day and probed the YTD low around 0.6763. The Australian dollar followed its fellow peers and is tanking to fresh two-year-lows amidst renewed concerns of a recession looming worldwide, amidst a high inflation scenario, bolstering the appetite for safe-haven peers in …

    Read More »
  • 5 July 2022 7:19 pm

    EUR/USD collapses to twenty-year-lows

    The EUR/USD pair collapsed to fresh twenty-year-lows, below the 1.0350 previous low printed on May 13, accelerating towards the 1.0250s region courtesy of a stronger US dollar. The pair loses almost 1.60% during the day.The US Dollar Index advances to twenty-year-highs, above the 106.500 mark, up almost 1.30%, on renewed …

    Read More »
  • 5 July 2022 5:47 pm

    Turkish lira drops 1% as inflation fears return

    The Turkish lira fell more than 1 percent against the dollar on Tuesday, giving up early last week’s gains, as investors evaluated data showing a new rise in inflation to a 24-year high. The lira was trading at 17.03 against the US currency by 1232 GMT, down from the previous …

    Read More »
  • 5 July 2022 5:15 pm

    Oil rises as tight supplies outweigh recession fears

    OPEC

    Oil prices rose on Monday as supply concerns driven by lower OPEC production, unrest in Libya and sanctions against Russia outweighed concern about a global recession slashing demand for crude. Inflation in the euro area hit another record high in June, which strengthens the case for rapid interest rate increases …

    Read More »
  • 5 July 2022 2:42 pm

    The euro falls to its lowest level in 20 years as fears of a recession grow

    European Stocks

    The euro fell to its lowest level in twenty years during trading Tuesday, July 5th, after losing more than 1% of its value to record 1.0283 against the dollar. This comes with the growing fears of recession in the euro zone, and the rise in prices, without any indications that …

    Read More »
  • 5 July 2022 1:48 pm

    Gold prices fall as growth concerns ease due to rising dollar and interest

    Gold prices fell in limited trading on Tuesday, after the strong performance of the dollar and the expected hike in interest rates outweighed the supportive effect of gold from concerns about the outlook for the global economy. And gold fell in spot transactions 0.2 percent to $ 1805.20 an ounce …

    Read More »
  • 5 July 2022 12:38 pm

    European shares rise on hopes of easing Chinese tariffs

    European Stocks

    European shares rose in early trading on Tuesday after positive economic data from Asia and signs of easing tensions between the United States and China overshadowed fears of a global slowdown, while shares of Scandinavian airline SAS fell after it filed for bankruptcy in the United States. The pan-European Stoxx …

    Read More »
  • 5 July 2022 11:44 am

    Nikkei rises 1% as investors flock to cheap technology stocks

    Japan’s Nikkei index closed higher by one percent on Tuesday as investors sought to snipe declining technology shares, as well as stocks receiving support from rising Asian stocks and US futures. The Nikkei rose 1.03 percent to close at 26,423.47 points. The broader Topix index rose 0.5 percent to 1,879.12 …

    Read More »
  • 5 July 2022 10:56 am

    Oil rises as tight supplies outweigh recession fears

    OPEC

    Oil prices rose on Monday as supply concerns driven by lower OPEC production, unrest in Libya and sanctions against Russia outweighed concern about a global recession slashing demand for crude. Inflation in the euro area hit another record high in June, which strengthens the case for rapid interest rate increases …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends