Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 27 May 2022 2:48 pm

  The dollar is heading for the largest weekly decline in nearly 4 months

  

  The dollar is heading for its biggest weekly decline in nearly four months after traders cut their expectations for a US interest rate hike amid indications that the Federal Reserve may slow or halt the monetary tightening cycle in the second half of the year. The dollar index, which measures …

  Read More »
• 27 May 2022 2:16 pm

  Nikkei closes higher after falling for three sessions as Wall Street rises

  

  Japan’s Nikkei ended three straight sessions of losses on Friday, tracking Wall Street’s overnight rally, although gains were limited as investors began selling shares as the index approached the sentimentally significant 27,000 point level. The Nikkei index rose 0.66 percent to close at 2,6781.68 points, and closed up by 0.16 …

  Read More »
• 27 May 2022 1:29 pm

  European shares open higher

  

  European shares rose in early trade on Friday, eyeing gains for the third consecutive session as sentiment rose after expectations that central banks would tighten their policies more than they indicated. The pan-European Stoxx 600 index rose 0.3 percent by 0714 GMT, influenced by a rally on Wall Street in …

  Read More »
• 27 May 2022 12:41 pm

  Gold is heading for weekly gains with the dollar’s decline

  

  Gold prices rose on Friday, with continued dollar weakness, which helped move the yellow metal towards recording its second consecutive weekly rise, as expectations of a stronger monetary policy tightening from the Federal Reserve ebbed. Spot gold rose 0.2 percent to $1,854.05 an ounce by 0325 GMT. US gold futures …

  Read More »
• 27 May 2022 3:49 am

  Market Drivers – US Session – Thurs. 26 May 2022

  

  The US dollar attempted to modestly recover early on Thursday but closed the day with losses against most major rivals. Lukewarm US economic data and rallying equities helped particularly safe-haven rival currencies.US Treasury yields slightly changed on Thursday after the benchmark 10-year note hit a fresh six-week low, with inflation …

  Read More »
• 27 May 2022 2:46 am

  US Treasury yields settle on slower growth expectations

  

  US Treasury yields slightly changed on Thursday after the benchmark 10-year note hit a fresh six-week low, with inflation concerns that continue to dissipate amid economic data and corporate results that point to slower economic growth.The yields on 10-year Treasury notes surge 0.9 basis points to 2.756% after falling to …

  Read More »
• 27 May 2022 2:08 am

  China’s Lockdown Spending Boosts Alibaba’s Earnings

  

  Alibaba stock soars after earnings beat, signs of improving conditions amid another COVID-19 wave. Alibaba Group Holding Ltd.’s U.S.-listed shares climbed 14.8% in Thursday trading to record second best single-day performance after the Chinese giant beat revenue and earnings expectations for the latest quarter.E-commerce giant Alibaba Group Holding reported a …

  Read More »
• 27 May 2022 1:18 am

  Gap shares drop as amid confusing retail earnings

  

  Gap dramatically slashed its profit outlook for 2022. Gap, on Thursday, slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell around 13% after hours, after closing the day up 4%.Gap swung …

  Read More »
• 27 May 2022 12:27 am

  AUD/USD Surges by 0.70%

  

  The AUD/USD has remained positive in the week, up by 0.70%. China’s Premier Li Keqiang warned that the economy could not achieve its goals, weighing on the AUD/USD.During the Asian session, China’s Premier Li Keqiang sound the alarm about the slowing economy. He made comments to local officials in an …

  Read More »
• 26 May 2022 11:30 pm

  Oil Prices Rally On Stronger Demand

  

  WTI crude gained more than 3% on Thursday morning. Oil prices rose early on Thursday, extending this week’s gains, as demand looks strong with the U.S. driving season starting and Shanghai in China gradually reopening after two months of strict lockdowns.On Thursday, WTI Crude prices were up 3.17% at $113.69 …

  Read More »
• 26 May 2022 10:41 pm

  EUR/USD hits fresh highs on improved risk appetite

  

  The US dollar remained weak on Thursday, but losses are relatively limited. Meanwhile, US equities sharply rise as US T-yields are at fresh 2-day highs. The EUR/USD pair’s short-term outlook is bullish, and faces resistance at 1.0730 and 1.0750.The EUR/USD pair rose further during the American session and printed a …

  Read More »
• 26 May 2022 9:34 pm

  Silver Retracts On Rising T-Yields

  

  Silver retraces for the second straight day on rising US Treasury yields led by the 10-year benchmark bond, which was parked around 2.750% for the last two days, but shows signs of life advancing two-basis points, a headwind for precious metals. At $21.94, XAG/USD retraces from weekly highs at around …

  Read More »
• 26 May 2022 8:48 pm

  US Economy Moving ahead, despite Q1 GDP data

  

  A new estimate of US Q1 GDP growth revised the original contraction of 1.4% to 1.5%. According to analysts at Wells Fargo, the economy continues to plow ahead, despite the modest contraction in real GDP growth observed during the first quarter.Key Quotes: “Revised data that were released this morning showed …

  Read More »