Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 23 June 2022 1:38 pm

  European stocks fall as oil and metal losses continue

  

  European shares fell on Thursday, dragged down by the decline in energy and mining shares due to lower commodity prices, amid fears of slowing economic growth, while heavy demand from traders stimulated big moves in stocks. The pan-European Stoxx 600 index was down 1.1 percent by 0724 GMT, with oil …

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• 23 June 2022 12:27 pm

  Oil falls more than 2% as investors assess recession risk

  

  Oil prices continued to decline on Thursday, dropping more than 2 percent as investors reassessed the risk of recession and fuel demand, as major economies raised interest rates. US West Texas Intermediate crude futures fell $2.6, or 2.7 percent, to $103.46 a barrel by 0330 GMT. Brent crude futures fell …

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• 23 June 2022 11:32 am

  Japanese shares end the day’s trading without any change

  

  Japanese stocks ended stable Thursday trading after a turbulent session in which investors were affected by recession fears. The Nikkei index rose 0.08 percent to 26,171.25 points at the close, continuing to trade higher than the psychological level at 26 thousand points, after falling to 25,520.23 points on Monday. The …

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• 23 June 2022 3:34 am

  Market Drivers – US Session – Wednesday, June 22

  

  Gold advanced at the beginning of the day but once again met sellers around the $1,850 area and finished the day at around $1,838 a troy ounce. Crude oil prices remained at the lower end of their weekly range, with WTI settling at $105.50 a barrel.The US dollar finished lower …

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• 23 June 2022 3:27 am

  Trevor Lawrence refutes the story of losing $15 million in crypto

  

  As cryptocurrency prices have lately retreated, there has been increased scrutiny on several athletes who have bragged about getting paid in cryptocurrency, and how much money those athletes have lost. A viral story has claimed that Jaguars quarterback Trevor Lawrence lost $15 million after taking his entire $24 million signing …

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• 23 June 2022 2:36 am

  June’s US jobs data will likely climb

  

  An early look at the state of the U.S. job market in June from payroll provider UKG suggests some strengthening, even as the Federal Reserve lifts interest rates sharply and economists raise alarms over the likelihood of a recession,” said Reuters late Wednesday.The news fails to gain any major reaction …

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• 23 June 2022 1:39 am

  Oil Retreats On Recession Concerns

  

  Oil retreated to its lowest level in over a month amid growing concerns that a global economic slowdown could eventually turn into limp demand.Brent crude is down by -1.48% and trades at $110. WTI slipped 3% to settle around $106 per barrel. Federal Reserve Chair Jerome Powell made his most …

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• 23 June 2022 12:45 am

  Gold Moves Higher Following Powell’s Testimony.

  

  Gold is trading between two levels of resistance and support, namely around $1,810 on the downside and $1,875 on the upside.At $1,840, the price of gold is a little lower than the highs but its remains 0.4% higher on the day. The price has travelled between a low of $1,823.45 …

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• 22 June 2022 11:28 pm

  US Equities Edge Higher Post-Powell’s Testimony

  

  The Dow Jones rose 0.2% after falling more than 1% soon after the open. The S&P 500 climbed 0.5%. The Nasdaq composite jumped 1%.The Dow Jones turned higher Wednesday, with the S&P 500 and especially the Nasdaq composite leading the way. Federal Reserve chief Jerome Powell told Congress that policymakers …

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• 22 June 2022 10:07 pm

  Fed’s Evans: Will be necessary to bring rates up a good deal more over the coming months

  

  Chicago Federal Reserve Bank President Charles Evans on Wednesday has signalled he is with the core group at the Fed calling for continued rapid rate hikes to battle 40-year high inflation, noting “downside” risks.Despite the persistent message from Fed members that there is a ”need to raise interest rates ‘a …

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• 22 June 2022 8:55 pm

  Governmental intervention is the main downside risk for USD/JPY

  

  Analysts at MUFG Bank, hold a bullish bias for the USD/JPY pair, reflecting the fact that the US rates market is unlikely to correct dramatically lower over the very short term. They see the pair trading between 130.00 and 138.50 during the weeks ahead. Key Quotes: “Risk-off and general tighter …

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• 22 June 2022 7:50 pm

  Powell: Would never take any size of rate hike off the table

  

  FED Chairman Jerome Powell is testifying before the Senate Banking, Housing, & Urban Affairs Committee on “The Semiannual Monetary Policy Report to Congress.”Key Quotes“Higher interest rates are painful, but it’s the tool we have to bring down inflation.”“The greatest pain would be if we allowed this high inflation to continue.”“Not …

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• 22 June 2022 7:17 pm

  USD/CHF breaks range falling to three-week lows

  

  After trading in a range during many sessions, the USD/CHF pair broke to the downside falling below 0.9600, for the first time in two weeks. The US dollar weakened across the board during the American session amid an improvement in risk sentiment and lower US yields.The break under 0.9620 triggered …

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