Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 25 May 2022 4:58 pm

  US: Durable Goods Orders rise in April

  

  US Durable Goods Orders rose by 0.4% MoM in April, the latest data from the US Census Bureau on Wednesday showed, below expectations for a 0.6% rise and down from March’s 0.6% MoM growth rate (which had been downwardly revised from 0.8%). The more widely followed Core Durable Goods Orders …

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• 25 May 2022 3:25 pm

  Reuters: Japan government to urge BOJ to meet inflation goal sustainably

  

  Japan’s government is seen calling on the Bank of Japan (BOJ) to strive for achieving its 2% inflation target in a “sustainable and stable fashion,” Reuters reports on Wednesday, having seen a draft of its long-term policy outline. “The government will continue to conduct macro-economic policy flexibly … with a …

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• 25 May 2022 2:41 pm

  Russia is ready to open a corridor for ships leaving Ukraine with food exports

  

  Russian Deputy Foreign Minister Andrei Rudenko said on Wednesday that Russia is ready to provide a humanitarian corridor for ships carrying foodstuffs to leave Ukraine, in exchange for the lifting of some sanctions, Interfax news agency quoted Russian Deputy Foreign Minister Andrei Rudenko as saying Wednesday. Ukraine’s Black Sea ports …

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• 25 May 2022 1:57 pm

  The dollar rises from its lowest level in a month

  

  The US dollar turned higher on Wednesday after two consecutive days of losses as the recent decline in US Treasury yields halted, and the dollar’s rally outpaced the euro and the New Zealand dollar that had earlier surged, driven by an announcement of tight monetary policy from the central bank. …

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• 25 May 2022 1:00 pm

  European shares rise after a wave of selling

  

  European shares rose on Wednesday with positive data on German market sentiment as investors watched what central banks would do to tighten monetary policy amid growing concerns about slowing economic growth. The pan-European Stoxx 600 index rose 0.8 percent by 0714 GMT, supported by gains across all sectors. The index …

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• 25 May 2022 12:30 pm

  Gold falls with the rise of the dollar

  

  Gold prices fell on Wednesday with the rise of the dollar, while investors awaited the statement of the monetary policy meeting of the Federal Reserve for the month of May, in search of indications on the expected amount of the next US interest rate hike. And by 0636 GMT, gold …

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• 25 May 2022 3:18 am

  Market Drivers – US Session – Tuesday 24 May

  

  The US dollar remained weak on Tuesday. The EUR/USD pair rallied beyond 1.0700 as more ECB officials vowed for a 50 bps rate hike. The GBP/USD pair, however, fell following softer-than-anticipated local data to end the day in the 1.2520 price zone.Economic Data S&P Global released the preliminary estimates of …

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• 25 May 2022 2:47 am

  Gold consolidates above $1,860, FOMC minutes, US Durable Goods eyed

  

  Gold price is holding above $1,860.00 ahead of FOMC minutes. The positive market sentiment has diminished the appeal of safe-haven assets. The US monthly Durable Goods Orders are seen lower at 0.6%.Facts that hold significant importance in the FOMC minutes are the number of voters advocating the 50 basis points …

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• 25 May 2022 1:39 am

  US Shares trade mixedly on Biden’s comments, downbeat data

  

  US shares closed Tuesday’s trading session exhibiting mixed performance, after US President Joe Biden’s comments indicating that his administration is pondering restructure of tariffs imposed on Chinese goods and services.There was also a slew of economic data that shed light on a deterioration in the US housing sector as well …

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• 25 May 2022 1:02 am

  China’s lockdowns alarm financial markets

  

  Beijing is continuing quarantine to end its month-old COVID outbreak, while in Shanghai’s authorities plan to keep most restrictions in place this month, before a more complete lifting of the two-month-old lockdown from June 1.The Chinese capital reported 47 new Covid cases om Tuesday, compared with 48 on Monday. Cases …

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• 25 May 2022 12:19 am

  GBP/USD benefits from positive sentiment, eyes FOMC Minutes

  

  The GBP/USD pair has rebounded gradually from a low of 1.2475 amid relatively positive market sentiment. Earlier on the day, the pair experienced a steep fall on Tuesday after failing to overstep the round level resistance of 1.2600. The asset was offered on Tuesday amid poor S&P Global Purchase Managers …

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• 24 May 2022 11:27 pm

  EUR/JPY gains despite retreating from weekly highs

  

  The EUR/JPY edges lower after reaching fresh weekly highs at around 136.79 and daily lows just below the 50-DMA at 135.64, blamed on the negative market sentiment that increased appetite for safe-haven peers. The EUR/JPY pair is trading at 136.16.Risk aversion continued for the second consecutive day in the week. …

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• 24 May 2022 10:23 pm

  USD/CAD edges higher amid slowdown concerns

  

  At 1.2824, USD/CAD is higher on Tuesday so far as the commodity sector is shaken by concerns about weak earnings and slowing economic growth punctured the recent mini-rally. Shares have been performing negatively while traders, market participants and investors are still concerned over China’s economy.At the start of the week, …

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