Open Demo Account

Market Analysis

May, 2022

  • 17 May 2022 11:40 pm

    Gold Price Reacts to Powell’s hawkish comments

    Gold goes offered on a hawkish Powell as the US dollar rallies. The US dollar has popped out of a 15-min wedge formation to the upside. The US Dollar Index was down 0.82% at 103.33, a touch away from the low of 103.226 ahead of the Powell event. On hawkish …

    Read More »
  • 17 May 2022 11:29 pm

    Risk assets return into positive territories on Powell’s Comments

    Federal Reserve Chair Jerome Powell said on Tuesday that US central bank officials will keep tightening policy until inflation comes down in “a convincing way.”“There have been some promising signs you can point to,” Powell said at a Wall Street Journal conference. But, he added, “There are some signs that …

    Read More »
  • 17 May 2022 10:34 pm

    Fed’s Powell: ‘Keep tightening’ policy until inflation declines

    The US dollar is crumbling, this week as investors survey the landscape of the global economy, not just in the US. The dollar has fallen victim to improved risk sentiment, helping the likes of the euro that has been extending its rebound from a five-year low touched last week, and …

    Read More »
  • 17 May 2022 9:36 pm

    Euro Benefits From Risk Appetite Ahead of Powell’s Speech

    The euro is higher versus the US dollar by 1.13% rallying on wider risk-on from 1.0428 to a high of 1.0555. The euro has extended the rebound from a five-year low touched last week while the US dollar is down against its major trading partners.The euro benefited at the start …

    Read More »
  • 17 May 2022 8:37 pm

    Wells Fargo: US strong production still encouraging

    Data released on Tuesday showed Industrial Production rose 1.1% in April. Analysts at Wells Fargo point out that US factories, mines and energy producers together called more capacity into service than at any other time since the start of the pandemic. They warn supply chains are not fixed and could …

    Read More »
  • 17 May 2022 7:57 pm

    US Retail Sales Rise Despite Inflation, Dipping Consumer Confidence

    Retail Sales

    Despite rising interest rates, high inflation and product shortages, retail sales rose above expectations in April and upward revisions to the prior month suggests a better first quarter for consumer spending than first reported, explained analysts at Wells Fargo. Key Quotes: “The main takeaway is that despite all the obvious …

    Read More »
  • 17 May 2022 7:09 pm

    USD/CAD rebounds as the US dollar stabilizes

    The USD/CAD bounced to the upside and eared losses on Tuesday after the greenback gained momentum during the American session. The pair printed a fresh daily high at 1.2854 and it is hovering around 1.2845. Earlier on Tuesday it bottomed at 1.2805, the lowest level since May 5.Economic data from …

    Read More »
  • 17 May 2022 4:17 pm

    Oil rises, supported by EU efforts to ban Russian crude, hopes for demand

    Oil prices rose to a seven-week high on Tuesday, buoyed by continued pressure from the European Union to ban Russian crude imports that would reduce supply, and as investors focused on increasing demand after the easing of Chinese coronavirus lockdowns. On Monday, EU foreign ministers failed in their efforts to …

    Read More »
  • 17 May 2022 2:20 pm

    Euro area GDP grows at an annualized rate of 5.1% in Q1

    The data published by Eurostat showed on Tuesday that the seasonally adjusted Gross Domestic Product grew at an annualized rate of 5.1% in the first quarter, compared to the market expectation of 5%.On a quarterly basis, GDP increased by 0.3%. Finally, the Employment Change was up 0.5% in the first …

    Read More »
  • 17 May 2022 1:58 pm

    Russian oil production declines by 9% in April

    An internal report seen by Reuters showed today, Tuesday, that Russian crude oil production fell by about 9% to 9.16 million barrels per day, based on assessments of sources from OPEC +. The report stated that the commitment of members of the OPEC + group to production cuts rose to …

    Read More »
  • 17 May 2022 1:28 pm

    European shares rise on optimism about easing China’s Covid lockdown

    European Stocks

    European shares rose on Tuesday and were set to extend their gains for the third consecutive session, supported by hopes of continued demand from China as authorities look to ease COVID-19 restrictions. The Stoxx 600 index rose 0.7 percent by 0710 GMT, with gains for all major sub-sectors, led by …

    Read More »
  • 17 May 2022 12:38 pm

    Japan’s Nikkei rises for a third day on optimism about China

    Japan’s Nikkei index closed higher for the third consecutive session on Tuesday, as optimism over the end of the lockdown imposed to combat COVID-19 in China, Japan’s main trading partner, outweighed the disappointing financial results. The Nikkei index witnessed volatile trading, before closing up 0.42 percent at 26,659.75 points, after …

    Read More »
  • 17 May 2022 5:37 am

    Market Drivers – US Session – May 16

    The US dollar briefly edged higher at the beginning of the week but closed with modest losses against most rival currencies as equity markets changed direction. European indexes closed mixed, but Wall Street managed to post gains. Safe-haven currencies posted modest gains against the US dollar as well.Economic DataThis week, …

    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