Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 6 May 2022 7:57 pm

  EUR/GBP highest since December, approaching 0.8600

  

  The British pound remains under pressure, still hit by the BoE meeting. The Euro among top performers on Friday. The EUR/GBP pair is posting a weekly gain of almost 200 pips, the best in months.The EUR/GBP rose further on Friday and climbed to 0.8590, reaching the highest intraday level since …

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• 6 May 2022 7:16 pm

  US Equities to close lower on NFP data

  

  Major US indices have bounced from earlier intra-day lows hit after strong US jobs data, but are still lower. The latest NFP report was deemed as easing US growth weakness concerns and strengthening Fed tightening conviction. After testing multi-month lows printed earlier in the week following strong US jobs data, …

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• 6 May 2022 7:00 pm

  Fed’s Kashkari: Fed already near neutral

  

  In a blog post on Medium, Minneapolis Fed President and traditionally dovish FOMC member Neel Kashkari argued that, given that long-term real rates have the greatest influence on the demand for credit, financial conditions are already nearly back to neutral levels. But Kashkari argued that the Fed still needs to …

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• 6 May 2022 5:38 pm

  US Non-farm Payrolls rise by 428K in April

  

  The US economy added 428,000 jobs in April, according to the latest Non-farm Payrolls (NFP) report released by the US Bureau of Labour Statistics on Friday. That was a little above the median economist forecast for a gain of 391,000 jobs, and exactly in line with the pace of jobs …

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• 6 May 2022 4:30 pm

  NFP Preview: Forecasts From 5 Major Banks

  

  The US Bureau of Labor Statistics (BLS) will release the April jobs report on Friday, May 6 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 5 major banks regarding the upcoming employment data. Wells Fargo “We …

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• 6 May 2022 3:17 pm

  Oil rises as supply concerns persist

  

  Oil prices rose for the third consecutive session on Friday, shrugging off concerns about global economic growth as looming European Union sanctions on Russian oil raised the possibility of a supply shortage. Brent crude futures rose $2.08, or 1.88%, to $112.98 a barrel by 0922 GMT, while US West Texas …

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• 6 May 2022 1:29 pm

  Canada Employment Forecasts

  

  Canada will release April employment figures on Friday, May 6 at 12:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers at five major banks regarding the upcoming employment data. CIBC “A continued strengthening of demand for consumer-facing services likely resulted in …

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• 6 May 2022 1:10 pm

  Gold falls as the dollar rises

  

  Gold prices fell on Friday and appeared to be poised for a third consecutive weekly loss as the dollar and Treasury yields rose after the Federal Reserve’s strong stance, while investors awaited US jobs data due on Friday. Spot gold fell 0.2 percent to $1,873.75 an ounce by 0742 GMT, …

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• 6 May 2022 12:30 pm

  Nikkei changes course and closes higher on strong corporate outlook

  

  The Japanese Nikkei index changed course and closed higher on Friday, as investors snapped shares in hopes of companies posting solid profits, despite selling in the broader Asian markets amid concerns about China strengthening its tough policy in the face of the Coronavirus. The Nikkei closed up 0.69 percent at …

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• 6 May 2022 12:20 pm

  European stocks are heading for the biggest weekly losses in two months

  

  European shares fell on Friday, heading for their worst week in two months, after a sharp fall in Wall Street as investors feared a bigger interest rate hike would be needed to curb high inflation. The pan-European STOXX 600 index was down 0.6 percent by 0709 GMT, with the travel, …

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• 6 May 2022 2:13 am

  Market Drivers – US Session – Thurs. 5 May

  

  The US will release its April employment figures on Friday, May 6. The NFP report is expected to show that the economy added 391K new jobs, below the previous 431K but still a good figure. The unemployment rate is expected to have contracted to 3.5% from 3.6% in the previous …

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• 6 May 2022 1:54 am

  Bitcoin Slides, Optimism Evaporates On Fed’s Decision

  

  Cryptocurrency prices slid Thursday afternoon along with major stock market indexes. Cryptocurrencies have traded more in line with other risk assets, like growth and tech stocks.Bitcoin fell to $36,431.57, down 8.4% from Wednesday, according to Dow Jones Market Data. Ethereum fell 6.4% to $2,754.37. The most famous crypto asset tumbled …

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• 6 May 2022 12:39 am

  Europe’s endeavors to replace Russian gas faces obstacles

  

  Russian natural-gas supplies have increasingly become a tool of pressure in the conflict between Moscow and Europe over Ukraine while Europe still relies on Russia for 40 percent of the gas that warms and lights its homes and businesses.The confrontation Russo-European conflict has also ignited a stubborn challenge for the …

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