Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 24 June 2022 1:50 am

  Gold futures retreat on stronger US dollar

  

  Gold futures closed lower on Thursday, with prices for the precious metal down a fourth straight session. Losses for gold are “mainly due to the strength in the dollar, as the US Fed is expected to adopt even more hawkish monetary policyIn testimony before the House Financial Services Committee Thursday, …

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• 24 June 2022 1:16 am

  EUR/USD edges lower amid recession clouds

  

  The EUR/USD pair trimmed most of its weekly gains on Thursday, hovering around 1.0530. The US dollar benefited from a souring market sentiment. The negative sentiment was triggered by more comments by Fed Chair Jerome Powell and macroeconomic data pointing to a sharp economic slowdown.The flash S&P Global PMIs for …

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• 24 June 2022 12:46 am

  Fed’s annual bank stress test tougher than 2021

  

  The Federal Reserve Board on Thursday released the results of its annual bank stress test showing that banks continue to have strong capital levels, allowing them to continue lending to households and businesses during a severe recession.All banks tested remained above their minimum capital requirements, despite total projected losses of …

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• 23 June 2022 11:07 pm

  Ukraine wins candidate status in bid to gain EU membership

  

  In what will be a long rd to membership, Ukraine has won its candidate status in a bid to gain EU membership.EU leaders have accepted both Ukraine and Moldova as membership candidates of the European Union, European Council President Charles Michel said on Thursday evening.“Agreement. #EUCO has just decided EU …

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• 23 June 2022 10:34 pm

  CAD drops as hot inflation triggers criticism against BoC

  

  The Bank of Canada has been slammed by critics after misjudging inflation and locking itself into rigid forward guidance that prevented it from reacting swiftly as prices surged and Canada’s economy began to overheat.THE Canadian dollar dips 0.1% against the US dollar. Flash estimate shows factory sales falling 2.5% in …

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• 23 June 2022 9:47 pm

  USD/CHF Drops On Stronger Franc

  

  The Swiss franc extends its weekly gains to almost 1%, as shown by the USD/CHF falling from weekly highs above 0.9700. Through the New York session as risk aversion pushed equities to negative territory and gave a fresh impulse to safe-haven assets, boosting the CHF.The USD/CHF extends to four, its …

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• 23 June 2022 9:02 pm

  US Equities Open With Gains On Powell’s Remarks

  

  US stocks indices recover some ground after registering minimal losses on Wednesday. The S&P Global PMIs indices missed expectations, dragging equities lower.US equities opened in the green territory as Wall Street began within familiar ranges, though S&P Global PMIs where the three indices missed expectations, stocks seesawed and pullback from …

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• 23 June 2022 8:26 pm

  Fed’s Bowman: Another 75 bps rate hike will be appropriate in July

  

  Fed Governor Michelle Bowman said on Thursday another 75 basis points (bps) rate increase in July and at least 50 bps of hikes at the next few meetings would be appropriate. The US Dollar Index showed no immediate reaction to these comments and was last seen posting small daily gains …

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• 23 June 2022 7:52 pm

  Powell: Big part of inflation won’t be affected by our tools

  

  For the second day, FOMC Chair Jerome Powell is testifying before the House Financial Services Committee on “Monetary Policy and the State of the Economy”. The US Dollar Index edged higher after these comments and was last seen rising 0.2% on the day at 104.38.Key Remarks“Our tools affect inflation, not …

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• 23 June 2022 7:12 pm

  Is Bitcoin Price Able To Rebound?

  

  This morning, Bitcoin price, Ethereum and other cryptocurrencies look to be deviating from global markets after the third recession warning on Wednesday. With commodities still facing selloffs on Thursday and stock markets maintaining mixed performance, cryptocurrencies look to break the trend and shed the weight of the correlation with global …

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• 23 June 2022 5:42 pm

  Oil prices rise as investors assess recession risks

  

  Oil prices rose on Thursday after falling earlier as investors assessed the risks of a recession and how demand for fuel will be affected by higher interest rates and tight supplies. Brent crude futures rose 38 cents, or 0.3 percent, to $112.12 by 1204 GMT, after falling to $108.04 earlier …

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• 23 June 2022 5:33 pm

  Euro falls after weak PMI data

  

  The euro fell broadly on Thursday after weak PMI data in Germany and France underlined the difficulties facing the euro-zone economy, prompting investors to lower their bets on a massive interest rate hike by the European Central Bank. A preliminary survey on Thursday showed that the German economy, Europe’s largest, …

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• 23 June 2022 3:48 pm

  Bitcoin Dominance Index Fell Coinbasto 43.1%

  

  Major cryptocurrency exchange Coinbase will transform the user experience on its platforms and will gradually halt the Coinbase Pro service. Separately, the company launched its redesigned Wallet mobile application which makes it easier for users to access and navigate top decentralized apps (dapps) and also enables support for Solana. The …

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