Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 28 July 2022 4:45 pm

  US economy contracts at an annualized rate of 0.9% in Q2

  

  The US economy contracted at an annualized rate of 0.9% in the second quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday. This reading came in much worse than the market expectation for an expansion of 0.5%. “The decrease in real GDP reflected decreases in private …

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• 28 July 2022 2:55 pm

  Gold rises to its highest level in 3 weeks as Dollar declines

  

  Gold prices rose to a 3-week high on Thursday, July 28, after Federal Reserve Chairman Jerome Powell suggested the US central bank may slow the pace of interest rate hikes in the coming months, affecting the dollar and US Treasury yields. Spot gold rose 0.7% to $1,745.20 an ounce, its …

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• 28 July 2022 2:05 pm

  Moody’s Earnings, Revenue Miss in Q2

  

  Moody’s reported on second-quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations. Moody’s announced earnings per share of $2.22 on revenue of $1.38B. Moody’s shares are down 5% from the beginning of the year, still down 28.77% from its 52-week high of $407.94 set on November …

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• 28 July 2022 1:21 pm

  statements of FED support European stocks

  

  European shares rose to a seven-week high on Thursday as some concerns about the pace of the Federal Reserve’s rate hike dissipated while strong business results for companies, including Shell, supported buying. And the Federal Reserve (the US central bank) raised the interest rate by 75 basis points, as expected, …

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• 28 July 2022 11:27 am

  Dollar hits a 3-week low against yen

  The dollar fell to a three-week low against the yen on Thursday after US Federal Reserve Chairman Jerome Powell calmed investor concerns about continued monetary tightening. The dollar fell to 135.105 yen to the dollar, its lowest since July 6, after the US central bank raised the key interest rate …

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• 28 July 2022 11:00 am

  Oil extends gains as risk appetite improves, US inventories fall

  

  Oil rose more than a dollar a barrel on Thursday, extending gains from the previous session, supported by improved risk appetite among investors, while prices were supported by a decline in US crude inventories and a recovery in gasoline demand in the United States. Brent crude futures for September delivery …

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• 28 July 2022 4:36 am

  Market Drivers – US Session – Wednesday, July 27

  

  The fears of the US economic slowdown as portrayed by the US Treasury yield curve appeared to have recently creeped among the optimists. US government bond market is sending a fresh batch of signals that investors are increasingly convinced the Fed’s aggressive actions to tame inflation could result in recession. …

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• 28 July 2022 2:39 am

  Gold capitalizes on Fed’s hawkish comments, consolidation ahead

  

  It has been a big Wednesday for gold. FOMC decision should help convince Wall Street that a peak in Treasury yields (10-year) is in place. The Fed is still committed to fighting inflation and the market is getting very close to pricing in peak tightening.Gold looks like it could continue …

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• 28 July 2022 2:02 am

  Yield curve flashing additional signals of recession risks

  

  The US government bond market is sending new signals that investors are increasingly convinced the Fed’s aggressive actions to tame inflation will result in recession.While Fed Chair Jerome Powell on Wednesday said that he does not see the economy currently in a recession, spreads between different pairings of Treasury securities …

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• 28 July 2022 1:33 am

  EU should get prepared for permanent halt of Russian gas

  

  Nord Stream 1 pipeline’s reduced gas flows via the was a significant factor that added more complication to the EU’s plan to fill gas storage units across the continent. The EU’s goal as a whole is to replenish its gas storage to 80 percent full by the end of October. …

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• 28 July 2022 12:57 am

  AUD/USD bulls welcome a less hawkish outcome at the Fed

  

  The AUD/USD pair is moving through a critical level on the daily chart (see below) and has reached a high of 0.7000 following a dovish outcome at the Federal Reserve. AUD/USD has climbed by over 0.8% on the day so far from a low of 0.6911 to a high of …

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• 28 July 2022 12:34 am

  USD/CAD keeps post-Fed losses, Eying US GDP

  

  The USD/CAD pair remains pressured around six-week low, keeps Fed-inspired bearish bias despite oil’s pullback. Fears of US recession also recently poked bears even as Fed’s Powell favored sellers.USD/CAD bears approach 1.2800 while extending the post-Fed losses during Thursday’s Asian session. In doing so, the Canadian dollar ignores a pullback …

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• 28 July 2022 12:01 am

  Powell: Households are in very strong shape

  

  FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes“We understand goal of soft landing is very challenging, has become more so in recent months”.“I am gratified that markets have …

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