Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 16 May 2022 12:48 pm

  The dollar starts the week on a strong note

  

  The dollar rose at the start of the week to a level just under a 20-year high against other major currencies on Monday as investors sought safe havens due to concerns about global growth while cryptocurrency markets appeared to have found some stability after last week’s turmoil. The dollar index …

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• 16 May 2022 10:20 am

  Oil prices fall as a result of profit-taking

  

  Oil prices fell on Monday, giving up earlier gains as investors booked profits after prices rose in the previous session, but concerns loomed oversupply in global markets as the European Union prepared to impose a ban on imports from Russia. Brent crude futures fell 64 cents, or 0.6 percent, to …

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• 16 May 2022 7:36 am

  Financial Markets’ Weekly Recap, 9 – 13 May

  

  The US inflation data dominated the markets in the week ending May 13th. The safe-haven assets ended the trading in a bearish direction led by gold as a result of the rise in the US dollar. Wall Street ended trading higher on Friday, ending a week of wild market volatility, …

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• 14 May 2022 2:35 am

  Market Drivers – US Session – Friday 13 May

  

  On Friday, financial markets witnessed some kind of improvement in risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Economic Data Risk sentiment is the key market mover on Friday. Economic data from the US showed a larger-than-expected …

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• 14 May 2022 1:40 am

  US Shares Close Wild Week Higher

  

  Wall Street surged on Friday to close higher after a week’s wild market rotations. The surging US equities received a push from relief signs denoting that peaking inflation vied with concerns that policy tightening by the Fed could slope the US economy into unwanted recession.Equity gains were led by a …

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• 14 May 2022 12:42 am

  Expert: BoE’s aggregate rate policy could hit 4%

  

  The Bank of England will possibly need to hike interest rates more sharply than financial markets expect in order to get tame soaring inflation according to a former policymaker.The BoE’s Monetary Policy Committee raised its key interest rate four times since December to 1%, it is so the highest aggregate …

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• 13 May 2022 11:34 pm

  Fed’s Mester: FOMC On Track For Aggressive Rate Hikes

  

  Loretta Mester is a voting member of the Federal Open Market Committee this year. Mester said, on Friday, that the Fed needs to practice pressure ahead with aggressive rate hikes, and that by early fall, this year, the US central bank perhaps could be able to eventually decide whether its …

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• 13 May 2022 10:39 pm

  Russian Ruble Best Gainer In 2022

  

  The Russian currency has reportedly made large gains in spite of the sanctions imposed on Moscow by the United States and Washington’s allies.The US and EU attempted to cripple the Russian economy, but the value of the ruble is heading up. After two months of imposing state-crushing sanctions, the ruble …

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• 13 May 2022 9:44 pm

  Gold Price Still Under Pressure Near $1800

  

  Gold retreated to the $1,799 level on Friday, the lowest since February 2022. Recovery followed later to find resistance shortly at $1,820. US shares are sharply rising on Friday, on a recovery rally. Crude oil prices also hit gains. US yields settled and the US dollar is correcting lower. Usually, …

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• 13 May 2022 8:46 pm

  EUR/USD surges above 1.0400 from multi-year lows as equities soar

  

  The EUR/USD pair has rebounded from the lowest intraday level since 2017 and reversed direction upwards above 1.0400 late on Friday amid a prevalent improvement or risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Recovery in equity …

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• 13 May 2022 7:49 pm

  Wells Fargo: US Consumer Sentiment hit from everywhere

  

  Data released on Friday show that University of Michigan’s Consumer Sentiment Index dipped to 59.1 in May from 65.2 in April, this is the lowest reading since 2011. According to analysts at Wells Fargo, there is no shortage of factors to blame for the decline in consumer sentiment, from inflation …

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• 13 May 2022 7:03 pm

  WTI rallies for third session near $109.00

  

  Oil prices surge for a third straight session on Friday, with front-month WTI future last trading higher by close to $3.0 in the mid-$109.00s per barrel, more than $11 higher than mid-week lows in the $98.00s. The rally on Friday was partially spurred by a rebound in global equity markets …

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• 13 May 2022 6:13 pm

  US: UoM Consumer Sentiment Index falls to 59.1 in May

  

  The preliminary estimate of the University of Michigan’s (UoM) Consumer Sentiment Index for May fell to 59.1 versus an expected fall 64.0 from 65.2 in April, its lowest since August 2011, data released on Friday showed. UoM’s Consumer Expectations Index fell to 56.3 from 63.0 in April, larger than the …

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