Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 4 May 2022 11:56 am

  The European Union proposes a gradual embargo on Russian oil in the sixth round of sanctions against Russia

  

  The European Union proposes a gradual embargo on Russian oil in the sixth round of sanctions against Russia The European Commission imposed new sanctions on the Kremlin on Wednesday, including the gradual cancellation of Russian crude imports for a period of six months to be updated…

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• 4 May 2022 10:42 am

  Lyft better-than-expected first-quarter revenue of $876 million

  

  lyft Inc stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs. A full recovery of driver supply from pandemic lows was taking …

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• 4 May 2022 10:20 am

  Oil rises 1% after US crude stocks signal tighter supply

  

  Oil prices rose in early Asian trade on Wednesday after industrial data showed a decline in US crude and fuel stocks, which raised supply concerns. The price hike comes on the back of Tuesday’s news that the European Union is preparing to impose new sanctions on Russia over its invasion …

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• 4 May 2022 9:54 am

  Gold is falling with an imminent hike in the US interest rate

  

  Gold prices fell on Wednesday with the increase in the yield on US Treasury bonds and an imminent hike in the US interest rate, which negatively affected the demand for the precious metal. Spot gold prices fell 0.1 percent to $865.31 an ounce by 0040 GMT. US gold futures fell …

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• 4 May 2022 2:48 am

  Market Drivers – US Session – Tuesday 3 May

  

  Financial markets were in a better mood on Tuesday, with global indexes managing to post gains, resulting in less demand for the safe-haven dollar.Hot inflation, tensions in Europe amid the Russian war on Ukraine and a rising number of coronavirus contagions, not only in China, anticipate a long road ahead …

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• 4 May 2022 2:26 am

  FOMC Considers Aggressive Measures As Investors Await Rate Decision

  

  The investors’ major focus point on Wednesday will be on the decision and press conference by the two-day Fed’s policy meeting, as financial markets expect the US central bank to press ahead with a rate hike and formally announce the launch of a much-anticipated balance sheet reduction.The Federal Open Market …

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• 4 May 2022 2:01 am

  AUD/USD bulls await Fed’s decision

  

  The AUD/USD pair stuck to a sideways drift on Tuesday following an initial spike on the back of a hawkish Reserve Bank of Australia. AUD/USD traded between 0.7150 highs and a low of 0.7080 in New York. The RBA surprises everyone with a 25bp move. Analysts at ANZ Bank explained, …

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• 4 May 2022 1:53 am

  RBNZ: financial system can support national economy.

  

  The Reserve Bank of New Zealand released its May 2022 Financial Stability Report. Reuters posted key notes from the reports follows:The New Zealand financial system remains well placed to support the economy.House prices remain above sustainable levels despite recent declines.Rising global interest rates have put downward pressure on the prices …

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• 4 May 2022 12:03 am

  EUR/USD consolidates in choppy conditions ahead of the Fed

  

  The EUR/USD pair is regaining some territory into the Wall Street close as the greenback continues to be faded, unable to break higher as traders start to move to the sidelines ahead of the Federal Reserve. In contrast to the expectations the Fed, however, the European Central Bank’s tightening expectations …

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• 3 May 2022 11:54 pm

  Banks, Megacaps drive Wall Street as Fed decision looms

  

  Wall Street’s main indexes rose on Tuesday, as investors picked up shares of financials and beaten-down Megacap companies, while staying cautious about the Federal Reserve’s ability to tame inflation without impeding growth.Nine of the 11 major S&P 500 sectors rose, with energy (.SPNY) and financials (.SPSY) up 2.7% and 1.7%, …

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• 3 May 2022 11:34 pm

  US Stocks Waver Ahead of Fed Meeting

  

  US stock indexes wobbled as investors geared up for the Federal Reserve’s policy decision this week and evaluated a batch of earnings.The S&P 500 was recently up 0.2%, a day after a late rally lifted stocks on Monday. The technology-focused Nasdaq Composite lost 0.2% while the Dow Jones Industrial Average …

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• 3 May 2022 11:15 pm

  Gold Traders Sidelined Ahead Of Fed Decisions

  

  At $1,871.10, the gold price is firmer on Tuesday, rising from a low of $1,850.47 to a high of $1,878.14 so far. The price has upheld the bid in synch with a slight retreat in US Treasury yields and the US dollar ahead of this week’s Federal Reserve went.The US …

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• 3 May 2022 10:47 pm

  Schnabel: ECB may need to hike rates in July

  

  European Central Bank member, Isabel Schnabel, told a German newspaper Handelsblatt on Tuesday that the ECB may need to raise interest rates as soon as July to stop high inflation from getting entrenched.EUR/USD is higher on the day by some 0.23% yet has not reacted to the comments, sticking to …

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