Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 17 June 2022 12:36 pm

  The Nikkei index suffers its biggest weekly loss in two years after the Bank of Japan’s decision

  

  Japan’s Nikkei on Friday posted its biggest weekly drop in more than two years, tracking Wall Street’s decline, even as the Bank of Japan kept massive stimulus. The Nikkei index closed down 1.77 percent at 25,963 points, its lowest closing level since May 12, after falling by 2.7 percent earlier …

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• 17 June 2022 4:02 am

  Market Drivers – US Session – Thursday, June 16

  

  Yield curve inverts in the US, signaling at least economic slowdown and hinting at the possibility of recession or a big decline in economic growth globally and in the domestic economy at most.Monetary policy decisions by major central banks round the globe triggered some sort of panic and risk aversion, …

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• 17 June 2022 2:43 am

  Could Biden Invoke Defense Production Act To Raise Fuel Production?

  

  US President Joe Biden may use the Cold-War era “Defense Production Act” To stimulate fuel production. Several US news reports have said that Biden is open to using all possible cards and reasonable tools the federal government has to increase fuel production and lower fuel prices for Americans, including the …

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• 17 June 2022 1:57 am

  Is US economy heading to imminent recession?

  

  The GDPNow tracker shows that economic growth in the spring was flat at 0%, a steep decline from its previous estimate of 1.3% on June 1 and 0.9% on June 8. President Joe Biden said a recession is “not inevitable” and he is confident the United States can overcome inflation. …

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• 17 June 2022 1:03 am

  Yield Curve Inversion Is Back, Why Does It Matter?

  

  Yield curve inverts in the US, signaling at least economic slowdown and hinting at the possibility of recession or a big decline in economic growth globally and in the domestic economy at most.The yield on three-year US treasury has shot up to 3.45 per cent since Wednesday, from 0.96 per …

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• 17 June 2022 12:49 am

  GBP/USD rallies post-BoE’s hike, on weaker US dollar

  

  The Bank of England hiked 25 bps and initially tumbled the pound, though later rallied due to a weaker US dollar. The BoE decided not to give any forward guidance regarding the pace and time of monetary policy adjustments.Negative US housing data fueled speculations that the US might be heading …

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• 16 June 2022 11:41 pm

  How Low Could Bitcoin and Ethereum Prices Go?

  

  After the prices of bitcoin, ethereum, and other cryptocurrencies saw big drops this week, several experts say it could get even worse amid a broader investor sell-off of risky assets. The price of bitcoin fell more than 30% over the last week to just under $21,000, and Ethereum followed a …

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• 16 June 2022 11:02 pm

  BoJ Could Likely Maintain The Same Dovish Stance

  

  The Bank of Japan will announce its monetary policy decision on Friday, June 17 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks.The BoJ could most likely remain the same dovish stance by …

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• 16 June 2022 10:13 pm

  Russian Novak: No plans to switch to oil-for-rubles scheme

  

  “There is no need for Russia to cut its oil output,” Russian Deputy Prime Minister Alexander Novak told RBC media on Thursday.“OPEC+ role is on the rise due to uncertainties with demand and supply in China, Iran, Libya and Venezuela,” Novak added. “We don’t have plans to switch to an …

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• 16 June 2022 9:19 pm

  Italy’s Draghi: ECB hikes bound to be more gradual than in US

  

  “The European Central Bank’s (ECB) decision to hike the interest rate is inevitable”, Italian Prime Minister Mario Draghi said on Thursday.“ECB interest rise is bound to be more gradual than in the US,” Draghi added and said that it was totally counterproductive for politicians to comment on the ECB’s policy.As …

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• 16 June 2022 8:29 pm

  BoE Expected To Pause After One More Hike In August

  

  The Bank of England announced on Thursday a new increase in the interest rate. It raised the key rate by 25 basis points to 1.25%, with three members voting for a 50 bps hike. Analysts from Rabobank expect one more 25 bps hike in August, before the Monetary Policy Committee …

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• 16 June 2022 7:35 pm

  Gold price jumps toward $1850 on risk aversion

  

  Gold rises to the highest level in four days, eyes $1850 and silver erases losses, approaching Wednesday’s high near $21.90.US yields slide as demand for Treasuries picks up amid risk aversion. Gold gained momentum boosted by a context of risk aversion and a weaker US dollar. XAU/USD rose from under …

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• 16 June 2022 6:00 pm

  USD rising to new highs

  

  After the US unemployment data today recorded negative results compared to what analysts expected, recording a decrease of 3000 last week, the market risk appetite was affected. Risk appetite increased on the US dollar during today’s trading after the Federal Reserve’s interest statement yesterday, which announced the US Central Bank …

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