Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 27 July 2022 7:01 pm

  US Pending Home Sales decline in June

  

  Pending Home Sales in the US sharply fell in June. The monthly data published by the National Association of Realtors showed on Wednesday that Pending Home Sales declined by 8.6% on a monthly basis in June following May’s growth of 0.4%. This reading came in much worse than the market …

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• 27 July 2022 6:18 pm

  US: Durable Goods Orders rise by 0.7% in June

  

  Durable Goods Orders in the US increased by 1.9%, or by $5 billion, on a monthly basis in June to $272.6 billion, the monthly data published by the US Census Bureau revealed on Wednesday. This reading came in much better than the market expectation for a decrease of 0.4%.

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• 27 July 2022 4:53 pm

  USD is heading for a decline with the anticipation of raising interest rates

  

  The dollar moved further away from its highest level in 20 years on Wednesday before the Federal Reserve meeting. The US central bank is expected to raise interest rates by another 75 basis points to rein in spiralling inflation. However, trading in the currency markets was limited as traders awaited …

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• 27 July 2022 3:51 pm

  Russian Deputy Foreign Minister: The grain agreement may collapse

  

  Russian Deputy Foreign Minister Andrei Rudenko said a Turkish-brokered agreement allowing the resumption of Ukrainian grain exports from ports on the Black Sea could collapse if obstacles to Russian agricultural exports are not removed immediately. The Interfax news agency quoted Rudenko as saying that grain shipments from Ukraine would begin …

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• 27 July 2022 1:40 pm

  Strong results boost European stocks ahead of the Federal Reserve meeting

  

  European shares rose on Wednesday, thanks to strong results from Britain’s Reckitt Benckiser and Russia-exposed bank UniCredit, while a decline in luxury goods LVMH shares limited gains. The pan-European Stoxx 600 index rose 0.2 percent. Still, investors are cautious amid concerns over energy supplies in Europe, with the US Federal …

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• 27 July 2022 12:57 pm

  Japan’s Nikkei closes higher, supported by gains in chip stocks

  

  Japan’s Nikkei index reversed course to close higher on Wednesday, supported by gains in chip-related stocks. At the same time, investors remained cautious ahead of the US Federal Reserve’s interest rate decision due later on Wednesday. The Nikkei rose 0.22 percent to 27,715.75 points, and the broader Topix index rose …

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• 27 July 2022 12:26 pm

  Oil steadies as demand concerns dispel lower US inventories

  

  Oil prices stabilized on Wednesday as data showing a larger-than-expected drop in US crude inventories dispelled concerns about weak demand. Brent crude futures recorded $104.55 a barrel, up 15 cents, or 0.1 percent. US West Texas Intermediate crude rose 27 cents, or 0.5%, to $95.25 a barrel. After Tuesday’s settlement, …

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• 27 July 2022 11:32 am

  Alphabet A Earnings, Revenue Miss in Q2

  

  Alphabet reported on Tuesday second-quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations. Alphabet A announced earnings per share of $1.21 on revenue of $69.69B. Alphabet A shares are down 27% from the beginning of the year, still down 30.70% from its 52 week high of …

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• 27 July 2022 11:05 am

  Visa A Earnings, Revenue Beat in Q3

  

  Visa reported third-quarter earnings that beat analysts’ forecasts and revenue that topped expectations on Tuesday. Visa A announced earnings per share of $1.98 on revenue of $7.28B. Analysts anticipated EPS of $1.74 on revenue of $7.06B. Visa A shares are down 25% from the beginning of the year, still down …

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• 27 July 2022 3:27 am

  Market Drivers – US Session – Tuesday, July 26

  

  a large amount of speculative interest was paying attention to US bond yields. The yield curve is the most inverted since 2000. 2-year Treasuries are yielding 3.03%, while the 10-year note yields 2.76%. An inverted curve is usually a sign of an upcoming recession. Economic Data Home purchases, in the …

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• 27 July 2022 3:10 am

  WTI Unable To Penetrate $100 Level

  

  WTI crude oil lost about 0.83% on Tuesday. The market’s sentiment shifted sour, augmenting appetite for safe-haven assets to the detriment of commodity prices as the US crude oil slides for the first time in this week. WTI traded at $95.51 per barrel following the report after settling down $1.72 …

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• 27 July 2022 2:51 am

  Gold turns below $1,720 ahead of Fed’s policy decision

  

  The Gold Index is displaying back and forth moves in a narrow range of $1,713.92-1,721.97 as investors are awaiting the announcement of the fourth consecutive interest rate decision by the Fed. The precious metal has displayed a complete volatility contraction, which indicates that now the monetary policy announcement is the …

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• 27 July 2022 1:58 am

  Cryptocurrencies witness more declines

  

  The short-lived crypto rally, according to some analysts, might have been a clever trap to tempt traders in. Bitcoin price is now redirected to the negative territory.Bitcoin price has broken the ascending trend channel, prompting a 25% profit rally since July 13. A breaking news coverage was issued on July …

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