Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 14 July 2022 11:16 pm

  GBP/USD edges lower as traders price Fed bets

  

  The GBP/USD pair is trading down on the day by some 0.7%, falling from the 1.1892 high to a low of 1.1759. The US dollar resumed its relentless move higher on Thursday, charting new 24-year highs in the Dollar Index that tracks the US dollar against six counterparts up more …

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• 14 July 2022 10:14 pm

  Fed’s Bullard calls for a 75bp hike in July

  

  St. Louis Federal Reserve President James Bullard prefers to lift interest rates by 75 basis points at the central bank’s next meeting later in June. Bullard told the Japanese news service Nikkei in an interview released on Thursday that he does not back a larger increase for now.“So far, we’ve …

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• 14 July 2022 9:32 pm

  Could Netflix, Microsoft Ads Cooperation Impact NFLX shares?

  

  Netflix stock gained some relief on the back of news headlines announcing partnership with Microsoft for lower-cost advertising model. Netflix has been under pressure as the pandemic outperformance gradually faded with the stock down nearly 70% so far this year. It has retraced significantly below its pre-pandemic level, which was …

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• 14 July 2022 8:47 pm

  Soaring PPI Gives US Another Worrying Inflation Marker

  

  Producer prices soared by 11.3% in June over a year ago as consumers continue to struggle with skyrocketing prices for just about everything.The US Bureau of Labour Statistics released its Producer Price Index data Thursday, which showed a 1.1% increase last month, contributing to a 11.3% increase in the past …

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• 14 July 2022 8:08 pm

  Fed’s Waller supports 75 bps hike at July meeting

  

  “I think it is plausible that we have a growth recession where it goes below longer-run average but doesn’t go negative,” Federal Reserve Governor Christopher Waller said on Thursday. Waller added that markets would also price a 100 basis points rate hike in July, Waller is also open to a …

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• 14 July 2022 7:19 pm

  US Retail Sales Preview: Forecasts by six major banks

  

  The US Census Bureau will release the June Retail Sales report on Friday. Economists and researchers of six major banks have provided their forecasts regarding the expected data. Retail Sales are forecast to rebound to 0.8% in June with the ex-autos to 0.6% and control rising to 0.3%. TDS“We look …

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• 14 July 2022 3:00 pm

  Japan’s industrial production index fell in May

  

  Japan’s industrial production index fell to 88.0 last May, down 7.5% month-on-month, according to a report released by the Ministry of Economy, Trade and Industry on Thursday. This figure was lower than investors’ expectations, indicating that Japan’s production fell 3.1% compared to last year. In addition, Japan’s inventory ratio rose …

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• 14 July 2022 2:16 pm

  Dollar continues to rise and pushes the euro and yen to the lowest levels in decades

  The dollar continued to rise on Thursday, reaching levels not reached in 24 years against the yen and close to parity with the euro, amid speculation by traders that the Federal Reserve will raise interest rates to combat inflation. Global economic turmoil pushed the dollar’s price to rise sharply as …

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• 14 July 2022 1:14 pm

  Gold falls as dollar and bond yields rise

  

  Gold prices fell 1% on Thursday, after US Treasury yields and the dollar rose, with expectations for gold already damped by fears that the US Federal Reserve will resort to a larger interest rate hike this month to tackle rising inflation. Spot gold fell 1% to $1,718.69 an ounce by …

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• 14 July 2022 12:36 pm

  European shares fall, Italy shares fall on political fears

  

  European shares fell on Thursday, affected by increased expectations that the Federal Reserve will raise interest rates again after a sharp rise in the inflation rate in the United States, while the main index in Italy fell 1% as the risk of a government collapse increased. The pan-European Stoxx 600 …

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• 14 July 2022 11:19 am

  Oil falls as focus remains on inflation fears

  

  Oil prices fell on Thursday as investors doubled down on bets that the US central bank would raise interest rates, which would control inflation and curb oil demand. Brent crude futures for September were down 20 cents, or 0.2 percent, at $99.37 a barrel by 0010 GMT, having gained nine …

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• 14 July 2022 10:41 am

  IEA says oil market walking tightrope due to supply risks

  

  The International Energy Agency said on Wednesday that the global oil market was walking a “tightrope” between a supply shortage and a possible economic recession, with demand already affected by higher prices and deteriorating economic conditions. Rarely has the outlook for oil markets been more uncertain. A worsening macroeconomic outlook …

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• 14 July 2022 4:58 am

  Market Drivers – US Session – Wednesday, July 13

  

  The Bank of Canada hiked its policy interest rate by 100 bps to 2.5% in July, compared to the market expectation for a rate increase of 75 bps. The BOC acknowledged that it had underestimated inflation since the 2021 spring because of global factors. USD/CAD slid to 1.2933, and trades …

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