Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 29 June 2022 10:12 pm

  EU’s Sefcovic: EU cannot accept NI protocol being illegally scrapped

  

  EU Commission Vice President Maros Sefcovic told a news conference in Brussels, on Wednesday, that the EU cannot accept North Ireland Protocol being illegally scrapped. He has also explained that zero checks on Great Britain and Northern Ireland trade are ‘not an option’. The European Commission is willing to negotiate …

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• 29 June 2022 9:37 pm

  Fed’s Bullard writes on need to stay ahead of inflation

  

  St. Louis Fed President James Bullard said in a new essay that lessons from 1974 and 1983, when the FOMC face similar inflation levels to today’s, demand that policymakers to get ahead of the inflation level.“In particular, the takeaway is that getting ahead of inflation will keep inflation low and …

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• 29 June 2022 9:02 pm

  Euro Impacted By Lagarde’s Warning On Inflation

  

  The Euro gave back earlier gains on Wednesday after European Central Bank President Christine Lagarde said the era of ultra-low inflation that preceded the pandemic is unlikely to return.Speaking at a panel at the ECB Forum in Sintra, Portugal, alongside US Fed Chair Jerome Powell and Bank of England Governor …

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• 29 June 2022 8:10 pm

  Gold trades below $1820

  

  Gold reversed from two-day highs and is back near weekly lows as the US dollar surges after comments by key central bankers in their speeches before the ECB Forum from Portugal.Gold prices dropped sharply during the US trading session, erasing daily gains. XAU/USD peaked at $1833, the highest level in …

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• 29 June 2022 7:03 pm

  Dow Jones edges higher after Powell’s speech

  

  Wall Street trading got off to a mixed start on Wednesday as market participants digest remarks and comments by Fed Chair Jerome Powell at the European Central Bank forum.As of 1530 BST, the Dow Jones Industrial Average was up 0.42% at 31,077.05, while the S&P 500 traded 0.07% firmer at …

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• 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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