Open Demo Account

Market Analysis

May, 2022

  • 7 May 2022 12:57 am

    ECB Struggles With Weaker Euro

    It is evident that ECB president Christine Lagarde has a euro problem though weaker euro is the last thing that Lagarde needs at a time when the ECB is trying to tame hot inflation within the Eurozone. As inflation nears 7.5 percent, the fastest rate since 1999, the exhausted euro …

    Read More »
  • 7 May 2022 12:02 am

    EUR/USD hovers around 1.0540

    The EUR/USD pair trimmed some of Thursday’s losses, and it is set to finish the week on the right foot, snapping four consecutive weeks of losses amidst a risk-aversion environment in the financial markets. At 1.0552, the EUR/USD edges up some 0.13%.Risk aversion lifted the low-yielder EUR, despite broad US …

    Read More »
  • 6 May 2022 11:18 pm

    Baker Hughes: More US oil rigs for seventh week in a row

    US energy firms last week added oil and natural gas rigs for a seventh week in a row amid high prices and prodding by the government, although most shale producers were prioritizing shareholder returns over new spending on production.The oil and gas rig count, an early indicator of future output, …

    Read More »
  • 6 May 2022 10:21 pm

    After NFP: Americans get pay raise, US dollar to surge

    The US has gained 428,000 jobs and wages are up 5.5% year, roughly within expectations. Higher wages impact the kind of inflation that Fed can control. Faster rate hikes are firmly on the Fed’s agenda, benefiting the dollar. Job growth also looks healthy. Even when subtracting the downward revisions worth …

    Read More »
  • 6 May 2022 9:30 pm

    NFP data paves the way for 50 bps rate hike in June

    The US economy created 428.000 jobs for the second month in a row, near market expectations. According to analysts at Wells Fargo, the report is solid and reinforces their belief that the Federal Reserve will execute another 50 bps interest rate hike at its next meeting on June 14-15.Key Quotes: …

    Read More »
  • 6 May 2022 9:00 pm

    Disappointing jobs data won’t change BoC hikes

    Data released on Friday showed the Canadian economy created 15.3K jobs in April below the 55K of market consensus. Analysts at CIBC, point out that investors judged that the slight disappointment of the jobs data won’t change the expected course of Bank of Canada interest rate hikes.After sprinting ahead in …

    Read More »
  • 6 May 2022 8:25 pm

    Gold Records Minimal Gains Around $1885

    The precious metal prepares to finish the week with losses near 0.60% as high US Treasury yields, led by the 10-year, around 3.12%, keep gold prices under pressure. Gold persists downward pressured, and it seems that it would finish the week with losses of around 0.60%, extending its fall from …

    Read More »
  • 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 …

    Read More »
  • 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, …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends