Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 20 July 2022 7:06 pm

  IMF lowers German growth forecast to 1.2% for 2022, 0.8% for 2023

  

  The International Monetary Fund announced that it lowered its growth forecasts for Germany to 1.2% for 2002 and to 0.8% for 2023. In its previous forecast, the IMF was expecting the German economy to grow by 2% in both years.“Uncertainty is very high, with risks to the baseline growth forecast …

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• 20 July 2022 5:12 pm

  Netflix loses nearly 1 million subscribers

  

  The media world breathed a huge sigh of relief Tuesday, especially in streaming as Netflix’s second-quarter earnings report revealed the company lost 970,000 subscribers. And while that is a big number — the biggest subscriber loss in the company’s 25-year history — it is also a little less than half …

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• 20 July 2022 4:09 pm

  Turkish lira is at its lowest level since December crisis

  

  On Tuesday, the Turkish lira fell as low as 17.579 against the US dollar. The dollar’s strength and concerns about rising domestic inflation and low-interest rates pushed the currency to its weakest levels since a major currency crisis in December. Since the historic crash last year, the central bank has …

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• 20 July 2022 2:38 pm

  European shares rise as fears of energy supply ease

  

  European shares hovered near six-week highs on Wednesday, July 20, as concerns over energy supplies eased after a report that Russian gas supplies would resume on schedule, while markets focused on Italian Prime Minister Mario Draghi’s speech to parliament amid a political crisis. The pan-European Stoxx 600 index rose 0.4% …

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• 20 July 2022 1:47 pm

  US oil inventories rose by 1.9 million barrels

  

  The American Petroleum Institute said that crude oil inventories rose by 1.9 million barrels in the week ending on the fifteenth of July. The weekly report of the American Institute revealed that gasoline stocks rose by 1.3 million barrels last week, while distillate stocks decreased by 2.2 million barrels. The …

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• 20 July 2022 12:37 pm

  Japan’s Nikkei hits 6-week peak

  

  Japanese stocks extended gains on Tuesday, albeit with modest performance, as investors refrained from any big moves ahead of the Bank of Japan’s monetary policy meeting, despite diminishing expectations for a large interest rate cut in the US central bank. The Nikkei index started its trading, up 0.8 percent, to …

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• 20 July 2022 11:57 am

  Gold falls on interest rate hike fears, bond yields rise

  

  Gold fell on Wednesday as fears of monetary policy tightening and an increase in Treasury yields dispelled relief from the dollar’s decline. By 0610 GMT, gold fell in spot transactions 0.3 percent to $1,706.85 an ounce. US gold futures fell 0.3 percent to $1,706 an ounce. The dollar fell for …

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• 20 July 2022 11:14 am

  Putin: Gazprom is ready to fulfill its gas export obligations

  

  Russian President Vladimir Putin said on Tuesday that the Kremlin-controlled energy giant Gazprom was ready to fulfill its commitments on gas exports. Speaking to reporters after his visit to Tehran, Putin also said that Gazprom was not responsible for reducing gas transportation capacity, including the closure of one of the …

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• 20 July 2022 10:33 am

  UK annualized inflation accelerates by 9.4% in June

  

  The UK Consumer Prices Index (CPI) 12-month rate came in at 9.4% in June when compared to 9.1% seen in May while beating estimates of a 9.3% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) eased …

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• 20 July 2022 4:09 am

  Market Drivers – US Session – Tuesday, July 19

  

  The EUR/USD pair soared to 1.0268 on headlines suggesting the European Central Bank could discuss a 50 bps rate hike when it meets this week. Economic DataThe data published by the US Census Bureau revealed on Tuesday that Housing Starts declined by 2% to a seasonally adjusted annual rate of …

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• 20 July 2022 3:58 am

  Johnson & Johnson stock knocked by stronger dollar

  

  Johnson & Johnson topped Q2 earnings expectations on Tuesday, but the company stock toppled on its trimmed profit outlook. On today’s stock market, JNJ stock rose fell 1.5% to 171.69, according to observers this could be attributed to the overall strength of the US dollar during Q2. The best performance …

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• 20 July 2022 3:07 am

  Lockheed Martin misses Q2 expectations

  

  Lockheed Martin missed on sales and earnings this week as sales are sinking and profit margins are headed for their worst performance since 2017. Lockheed’s major complaints for the second quarter include supply chain impact as well as the timing of customer contracts, but its problems look in fact so …

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• 20 July 2022 2:07 am

  GBP/USD recaptures psychological resistance

  

  Amid a positive market mood, the GBP/USD pair has managed to scales above 1.2000 after a mild correction. Investors focus now on UK Inflation, lower earnings and higher inflation rates may create more problems for the households in the UK.Declining inflation expectations in the US may hurt the Dollar Index …

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