Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 29 June 2022 6:36 pm

  Powell: Dollar strength is disinflationary at the margins

  

  European Central Bank President Christine Lagarde, FOMC Chairman Jerome Powell and Bank of England (BOE) Governor Andrew Bailey speak on the policy outlook at the ECB’s annual Forum on Central Banking.Key Quotes Powell: “Dollar strength is disinflationary at the margins.”Powell: “We working hard to get smarter about the supply side.”Bailey: …

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• 29 June 2022 6:18 pm

  Lagarde: Unlikely to go back to a period of low inflation

  

  ECB President Lagarde says that the move away from globalization will end the era of low inflation. She also noted that inflation expectations are higher than before.She said the ECB can move gradually but as uncertainty fades, can be more decisive. At one point she was led towards removing the …

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• 29 June 2022 3:31 pm

  Oil prices rise for the fourth session due to fears of lack of supplies

  

  Oil prices rose on Wednesday for the fourth consecutive session after fears of a lack of supply outweighed concerns about a global economic slowdown. Brent crude futures, the benchmark for August, saw little change to $117.9 a barrel by 0917 GMT. The August contracts expire on Thursday, and the September …

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• 29 June 2022 2:40 pm

  ECB forum in focus

  

  A mixed start to the new trading week, one in which the bulk of the significant market-moving events is due from Wednesday onwards. That may make for choppy trading over the next couple of days, in line with what we’ve seen so far in Europe. We will still hear from …

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• 29 June 2022 2:14 pm

  European shares fall after a 3-day rally on recession fears

  

  European shares fell on Wednesday after concerns about a global recession outweighed recent optimism over the lifting of lockdown restrictions in China. The pan-European Stoxx 600 index fell 0.7 percent by 0708 GMT, ending a three-day rally after a gruelling overnight session on Wall Street on the back of bleak …

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• 29 June 2022 1:16 pm

  Japan’s Nikkei ends four days of gains after Wall Street’s decline

  

  Japan’s Nikkei index ended a four-session rally on Wednesday, dragged down by major technology stocks, after Wall Street fell sharply overnight on fears of an economic slowdown. The Nikkei index closed down 0.91 percent at 2,6804.60 points. The broader Topix index fell 0.72 percent to 1,893.57 points. Wall Street’s main …

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• 29 June 2022 12:27 pm

  Oil prices fell slightly after a three-day rise

  

  Oil prices fell on Wednesday after rising for three consecutive sessions, affected by concerns about the global economy, while restrictions on supply eased. Brent crude futures fell $0.98, or 0.8 percent, to $117 a barrel. US West Texas Intermediate crude futures fell $0.62, or 0.6 percent, to $111.14 a barrel. …

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• 29 June 2022 10:53 am

  Institute of Petroleum data shows a decline in US oil stocks and an increase in fuel stocks

  

  Sources told Reuters, citing figures from the American Petroleum Institute, that oil stocks in the United States fell last week, while fuel stocks rose. According to the sources, data from the Petroleum Institute showed that crude stocks fell by 3.8 million barrels during the week ending June 24, while gasoline …

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• 29 June 2022 10:19 am

  Russian oil production rises to 10.7 million b/d in June

  

  Kommersant newspaper reported on Wednesday, citing informed sources, that Russia’s oil production rose by about five percent in June to 1.46 million tons per day, or 10.7 million barrels per day.

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• 29 June 2022 4:38 am

  Market Drivers – US Session – Tuesday, June 29

  

  Gold lost some ground and settled around $1,820 per ounce, but crude oil prices kept rising amid supply concerns. G7 leaders discussed an agreement to impose a price cap on Russian oil, as sanctions on the crypto sent crude prices skyrocketing. WTI is now at around $111.60 a barrel.The US …

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• 29 June 2022 1:56 am

  Will this week’s crypto rally last for long?

  

  Bitcoin has surged 5% and topped nearly $22,000 over the weekend, in what can be seen as a big jump from early June’s $17,500 low. Ethereum saw a big jump as well, rising to above $1,200. For investors. The big question in the crypto asset market now is whether the …

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• 28 June 2022 11:41 pm

  GBP/USD retreats despite disappointing US data

  

  The British pound extends its losses to two successive days, trading below the 1.2200 mark, after touching a daily 1.2300 high mark and even retreating towards the 1.2190s area in the US trading session. The GBP/USD pair is trading at 1.2189.Market sentiment shifted sour after the disappointing US Consumer Confidence …

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• 28 June 2022 10:58 pm

  T-yields unchanged as investors digest latest economic data

  

  The yield on the benchmark 10-year Treasury note was little changed at 3.2%. Meanwhile, the yield on the 30-year Treasury bond gained just over 1 basis point to trade at 3.313%. Yields move inversely to prices.Traders and investors have become increasingly concerned about the anticipated recession in recent weeks as …

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