Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 19 July 2022 4:15 pm

  US: Housing Starts decline 2% in June

  

  The data published by the US Census Bureau revealed on Tuesday that Housing Starts declined by 2% to a seasonally adjusted annual rate of 1,685,000. Building Permits fell by 0.6% in the same period following the 7% contraction reported in May. “Privately‐owned housing completions in June were at a seasonally …

  Read More »
• 19 July 2022 3:16 pm

  Gold stuck in a narrow range as central bank meetings approach

  

  Gold prices stabilized on Tuesday, supported by a weak dollar, but prices were stuck in a narrow range as investors refrained from making big bets ahead of major central bank meetings. By 0726 GMT, gold was stable in spot transactions at $1708.35 an ounce, while US gold futures fell 0.3 …

  Read More »
• 19 July 2022 1:32 pm

  The annual inflation rate in the euro area rose to 8.6% in June

  

  Annual inflation in the euro area hit a new record after reaching 8.6% in June, in line with expectations, up from 8.1% recorded in May. The inflation rate rose on a monthly basis by 0.8%, also in line with expectations, and it also rose by the same rate in May. …

  Read More »
• 19 July 2022 12:36 pm

  Japan stocks post modest gains ahead of the central bank meeting.

  

  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 …

  Read More »
• 19 July 2022 11:33 am

  Turkey’s public budget records a record deficit of 1.77 billion dollars in June

  

  Turkey’s central government general budget showed a deficit of 31 billion liras ($1.77 billion) in June, according to Treasury and Finance Ministry data, with an initial deficit of 18.3 billion liras. In the first half of the year, the general budget recorded a surplus of 93.6 billion pounds. The primary …

  Read More »
• 19 July 2022 11:28 am

  Energy Information Administration: US shale oil production may rise to a two-and-a-half year high in August

  

  The US Energy Information Administration expected in a report today, Monday, July 18, that oil production in the main shale basins in the United States would rise to the highest level since March 2020 next month. According to the report, US shale oil production may rise by 136 thousand barrels …

  Read More »
• 19 July 2022 10:44 am

  Oil jumps $5, supported by the decline in the dollar and tight supplies

  

  Oil prices jumped more than five dollars on Monday, boosted by a weak dollar and expectations that the US Federal Reserve will not raise interest rates by a full percentage point at its next meeting to fight inflation. The global benchmark Brent crude contracts for September delivery ended the trading …

  Read More »
• 19 July 2022 4:09 am

  Market Drivers – US Session – Monday, July 19

  

  The US dollar started the first day of the trading week weaker than the previous week, losing ground against most rival currencies. In the US session, afternoon, the dollar bounced back, as Wall Street was not able to retain its early gains and eventually headed to the red territory.Commodity-linked currencies …

  Read More »
• 19 July 2022 3:42 am

  Coinbase rises 9% on back of cryptocurrencies’ rally

  

  Shares of Coinbase closed up 9% on Monday as cryptocurrencies like bitcoin and ether began the week rallying. Bitcoin was trading at $22,269, up around 6%, according to Coinbase data. Ethereum also jumped unevenly 10%, trading at $1,478.Tech stocks have been performing very well since Monday morning, moving up more …

  Read More »
• 19 July 2022 2:38 am

  IBM shares retreat post Q2 earnings

  

  IBM’s results outpaced expectations for income and revenue. The company began selling the z16 mainframe computer during the quarter, leading Z systems sales to jump 69%, compared with a decline of 19% in the prior quarter.IBM’s revenue rose 9% year over year in the quarter, according to a statement. Income …

  Read More »
• 19 July 2022 1:47 am

  US Equities suddenly fall as earnings season commences

  

  US equities fell sharply into the final hour of trading Monday following Apple’s plans to slow hiring and curb spending next year to prepare for a possible recession. The hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful …

  Read More »
• 19 July 2022 1:31 am

  EUR corrects higher ahead of critical ECB decision

  

  The EUR/USD pair holds on its substantial gains and trades in the 1.0160 price zone after hitting a daily high of 1.0200. The US dollar remained weaker on Monday amid a significantly better performance in the stock markets.Investors are still concerned about looming recessions and overheated inflation, but at this …

  Read More »
• 19 July 2022 12:26 am

  Prominent Guest In Paris As France Faces Looming Energy Crisis

  

  While Russia continues to cut off supply to Europe while historic heatwaves are causing a spike in demand for gas to cool homes, France is beginning to detect a looming energy crisis. A cold winter will take off after this summer, if fuel prices continue to rise, the crisis will …

  Read More »