Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 30 June 2022 1:55 pm

  Turkey’s foreign trade deficit rises 155% in May

  

  Data from the Turkish Statistical Institute showed on Thursday that the foreign trade deficit rose 155.2 percent year-on-year to $10.61 billion in May, with imports increasing by 43.5 percent. The data showed that imports amounted to $29.59 billion, while exports rose 15.3 percent to $18.98 billion. Under an economic program …

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• 30 June 2022 1:14 pm

  Japanese stocks fall 1.5% as economic slowdown fears grow after production data

  

  Japanese shares fell more than 1.5 percent on Thursday after data showed that monthly industrial production posted its biggest drop in two years and the yen fell to a 24-year low overnight, stoking fears of an economic slowdown. The Japanese Nikkei index fell at a steady pace throughout the day …

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• 30 June 2022 12:34 pm

  European stocks face their worst quarter since the pandemic plunge in early 2020

  

  European shares fell on Thursday, on track to record their worst quarter since the massive plunge during the COVID-19 pandemic in early 2020, as investors grew increasingly concerned about a global recession following tough central bank measures to tame soaring inflation. The pan-European STOXX 600 index fell 1.4 percent by …

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• 30 June 2022 3:26 am

  Bitcoin Dips Below $20000

  

  Bitcoin’s price entered a consolidation phase on Wednesday while its downtrend seems to have stopped after a severe shakeout to $17K. This range is likely to provide significant support, as it contains the 2017 all-time high, and it might spark a short-term rally towards the $30K region.Bitcoin price has fallen …

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• 30 June 2022 2:40 am

  Market Drivers – US Session – Wednesday, June 29

  

  The financial markets was driven by comments by key central bankers who spoke before the ECB Forum in Portugal. Fed Chair, Jerome Powell explained that there is a risk the US central bank’s interest rate hikes will slow the economy too much. Powell added that the bigger risk, however, is …

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• 30 June 2022 1:26 am

  Oil slides on rising US fuel inventories

  

  Oil prices retreated by about 2% on Wednesday amid rising US gasoline inventories and worries about slower economic growth around the world in addition to ongoing concerns about tight crude supplies. Brent futures fell $1.72, or 1.5%, to settle at $116.26 a barrel. The August contract will expire on Thursday …

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• 30 June 2022 12:34 am

  Wall Street struggles to recover

  

  The Dow Jones Industrial Average finished the day up 82.32 points, or 0.27%, to 31,029.31, while the other benchmarks closed slightly in the red. The S&P 500 slipped 0.07% to 3,818.83, and the tech-heavy Nasdaq Composite inched lower by 0.03% to 11,177.89.US equities fluctuated on Wednesday, after the major averages …

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• 29 June 2022 10:48 pm

  Powell: The pandemic forever altered the US economy

  

  It is not yet obvious whether the US economy could return to its pre-pandemic status according to Fed Chair Jerome Powell who spoke on Wednesday before central banker forum in Portugal.Powell also said he was more concerned about the risk of failing to stamp out high inflation than about the …

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• 29 June 2022 10:12 pm

  EU’s Sefcovic: EU cannot accept NI protocol being illegally scrapped

  

  EU Commission Vice President Maros Sefcovic told a news conference in Brussels, on Wednesday, that the EU cannot accept North Ireland Protocol being illegally scrapped. He has also explained that zero checks on Great Britain and Northern Ireland trade are ‘not an option’. The European Commission is willing to negotiate …

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• 29 June 2022 9:37 pm

  Fed’s Bullard writes on need to stay ahead of inflation

  

  St. Louis Fed President James Bullard said in a new essay that lessons from 1974 and 1983, when the FOMC face similar inflation levels to today’s, demand that policymakers to get ahead of the inflation level.“In particular, the takeaway is that getting ahead of inflation will keep inflation low and …

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• 29 June 2022 9:02 pm

  Euro Impacted By Lagarde’s Warning On Inflation

  

  The Euro gave back earlier gains on Wednesday after European Central Bank President Christine Lagarde said the era of ultra-low inflation that preceded the pandemic is unlikely to return.Speaking at a panel at the ECB Forum in Sintra, Portugal, alongside US Fed Chair Jerome Powell and Bank of England Governor …

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• 29 June 2022 8:10 pm

  Gold trades below $1820

  

  Gold reversed from two-day highs and is back near weekly lows as the US dollar surges after comments by key central bankers in their speeches before the ECB Forum from Portugal.Gold prices dropped sharply during the US trading session, erasing daily gains. XAU/USD peaked at $1833, the highest level in …

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• 29 June 2022 7:03 pm

  Dow Jones edges higher after Powell’s speech

  

  Wall Street trading got off to a mixed start on Wednesday as market participants digest remarks and comments by Fed Chair Jerome Powell at the European Central Bank forum.As of 1530 BST, the Dow Jones Industrial Average was up 0.42% at 31,077.05, while the S&P 500 traded 0.07% firmer at …

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