Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 14 June 2022 11:20 am

  German Inflation Hits Five-Decade High

  

  Germany’s inflation rate, measured by the annual change in the consumer price index, rose 7.9% in May 2022, bringing the inflation rate to an all-time high for the third consecutive month since German reunification. The main reason for higher inflation is still higher energy prices, but George Thiel, head of …

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• 14 June 2022 10:38 am

  Gold hovers near 4-week low before Fed meeting

  

  Gold prices rose on Tuesday from a four-week low, as a halt in the dollar’s rally and US Treasury yields provided some support, but gains were limited by increasing bets that the Federal Reserve will tighten monetary policy significantly. And the price of gold in spot transactions rose 0.3 percent …

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• 14 June 2022 4:15 am

  Market Drivers – US Session – Monday, June 13

  

  Financial markets started the week in risk-off mode and negative sentiment prevailed after the US had reported soaring inflation in May to a multi-decade high. Market participants are looking for a potential 75 bps rate hike as the US Federal Reserve meets this week.Economic Data: The economic calendar remained empty, …

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• 14 June 2022 3:18 am

  UK business confidence retreats on inflation

  

  Business confidence fell to its lowest level in more than year last month amid growing fears that inflation poses a long-term threat to company sales.Confidence among companies is now at levels last seen in April 2021, when coronavirus restrictions were beginning to relax. It is worth noting that the sentiment …

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• 14 June 2022 1:16 am

  By virtue of sanctions, Russia’s ruble stronger than before war

  

  In the days after Russia invaded Ukraine in February 2022 and the west imposed sanctions, Russia’s ruble collapsed. The number of rubles to one US dollar quickly fell from about 78 to 138, a huge move in the world of forex, and terrifying for those with their wealth in the …

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• 14 June 2022 12:22 am

  EUR/USD Eyes Fed’s Policy Decision

  

  The EUR/USD bears stay the course and continue to eye a test of 1.04 the figure. The US dollar has climbed to score fresh bull cycle highs ahead of the Fed. At 1.0448, the Euro is still trailing to the US dollar by some 0.65% despite the recent bid in …

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• 13 June 2022 11:00 pm

  USD/CAD Advances Ahead Of Fed’s June Meeting

  

  As Wall Street collapses, and as the USD surges, high inflation might trigger an aggressive US Federal Reserve reaction in an attempt to bring inflation under control, despite increasing concerns about a US recession.The USD/CAD pair gained traction on Monday and extended its rally to three consecutive days, even though …

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• 13 June 2022 9:52 pm

  For Economic Reasons, Ads Call On Biden To Resign

  

  Republican Florida Senator Rick Scott on Monday released the latest TV advertisement targeting US President Joe Biden and promoting Scott’s “Rescue America” plan.“Joe Biden has destroyed America’s economy,” Scott says in the ad. “It’s time to be honest with the American people. Joe Biden is unfit for office and should …

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• 13 June 2022 9:07 pm

  GBP/USD Threatened After Disappointing UK Data

  

  The GBP/USD pair has suffered heavy losses at the beginning of the week. The pair closes in on 1.2200 after disappointing UK data. The US dollar is likely to preserve its strength amid hawkish Fed bets, risk aversion.The GBP/USD pair has extended its slide in the early European session on …

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• 13 June 2022 8:12 pm

  AUD/USD Drops On Risk Aversion, Several Other Concerns

  

  The AUD/USD cratered into the low-0.6900s on Monday, down over 1.5% on the day and over 4.0% lower in four days. The pair is being battered by risk-off flows as markets price a more hawkish Fed and potential recession. China lockdown fears are also hurting the pair, with bears eyeing …

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• 13 June 2022 7:27 pm

  Gold Price Pressured Around $1820

  

  Friday’s US hot inflation reading triggered a flight to safe-haven currencies like the greenback, and precious metals fell.The 2s-10s US Treasury yield curve inverted during the day as a recessionary scenario looms. The CME FedWatch Tool shows that the odds of a 75 bps increase in the June meeting lie …

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• 13 June 2022 5:48 pm

  Gold drops giving back last week’s $30 gain

  

  Gold price is down $27 to $1843, a 1.5% drop. This slump comes after last week’s rise of more than $30 following the CPI report. Today, the market is waiting for the Fed announcement this week. If they decide to deliver higher than a 50 bps rate hike, which would …

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• 13 June 2022 4:46 pm

  BoE to raise rates 25 bps in June – Reuters

  

  The Bank of England will raise interest rates in June by only 25 basis points and continue in the same lane in future meetings despite soaring inflation, a Reuters poll of economists found. The recent poll showed that “all but one of 56 economists expected the BoE to deliver a …

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