Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 19 June 2022 7:55 pm

  Why Has Bitcoin Dropped Below $20,000?

  

  Liquidity problems could account for the latest crypto crash. Over the weekend, bitcoin price dropped below a key psychological level for buyer support, and so far, has not managed to return above that level.Bitcoin price fell below $20,000 on Saturday and is currently trading at $19,379 on Sunday morning, registering …

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• 19 June 2022 5:15 pm

  Amid Overseas Turbulence, Is US Inflation Out of Fed’s Control?

  

  Most Americans believe that the US central bank cannot fix the factors driving Inflation and recession has lately become a key word in most economic discussions.Wages are not principally responsible for the inflation we’re seeing,” Federal Reserve Chairman Jerome Powell said on Wednesday. The tragic moment came also on Wednesday …

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• 18 June 2022 4:30 am

  Market Drivers – US Session – Friday, June 17

  

  Stocks were volatile during Friday’s trading, the same applies to almost all other assets with the exception of the strongeU DOLLAR>US shares were switching between gains and losses as investors grew increasingly worried about a potential economic slowdown. The S&P 500 and the Nasdaq Composite bounced on Friday as Wall …

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• 18 June 2022 12:40 am

  AUD/USD plunges on stronger US dollar

  

  The Australian dollar prepares to finish the week with losses of almost 1.60%. Fluctuating sentiment in the FX space boosts the USD and weighs on the AUD.St. Louis Fed President Bullard: Achieving a soft landing is feasible. The AUD/USD pair plummets from weekly highs reached on Thursday around 0.7069, down …

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• 17 June 2022 10:41 pm

  Gold drops to around $1830

  

  The gold spot is falling due to broad US dollar strength and steady US real yields. US Industrial Production expànded at a lower rate than in April, showing that the US economy is slowing.Gold spot (XAUUSD) drops as a reaction to the buoyant US dollar, which is staging a comeback …

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• 17 June 2022 9:58 pm

  Hawkish Stance Reinforced By Fed Officials

  

  Minneapolis Fed President Niel Kashkari said on Friday that he could support another 75 basis points rate hike in July. he also insisted that there is “need to be cautious about too much front-loading on rate hikes.according to Kashkari, “prudent strategy might be to continue with 50 bps rate hikes …

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• 17 June 2022 9:05 pm

  USD/CAD rallies on broader USD strength

  

  The USD/CAD soars above the 1.3000 mark for the first time since May 12 and records a fresh YTD high at around 1.3078 after Wednesday’s Fed 75 bps rate hike, which did not catch traders off guard due to an article on the WSJ on Monday that foresaw an increase …

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• 17 June 2022 8:20 pm

  WTI revisits multi-week lows below $110.00

  

  Crude oil prices came under heavy bearish pressure ahead of the weekend and the barrel of West Texas Intermediate (WTI) declined below $110.00 for the first time in three weeks. The WTI was down 6.4% on a daily basis at $109.50.Tass news agency said that the Russian deputy energy minister …

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• 17 June 2022 7:36 pm

  Fed Monetary Policy Report: GDP on track to rise in Q2

  

  In its semi-annual Monetary Policy Report, the US Federal Reserve said that the Gross Domestic Product (GDP) appears to be on track to rise moderately in the second quarter, as for the market’s reaction, the dollar preserves its strength ahead of the weekend and the US Dollar Index was last …

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• 17 June 2022 4:50 pm

  Putin says EU has lost ‘political sovereignty’

  

  Russian President Vladimir Putin said Friday that the European Union has lost its “political sovereignty”, in a belligerent speech at Russia’s annual economic forum. Putin criticized the union’s economic policies such as “money printing” to tackle rising inflation. Putin also attacked the West for blaming it personally for its economic …

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• 17 June 2022 4:17 pm

  Yen falls 1.9% after Bank of Japan sticks to easing policies, franc rises again

  

  The Japanese yen fell 1.9% on Friday after the Bank of Japan bucked a wave of monetary tightening and stuck to an ultra-low interest rate, while currency markets looked poised for another choppy session after a series of rate hikes this week. The surprise decision of the Swiss National Bank …

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• 17 June 2022 2:59 pm

  European shares rise at the end of a turbulent week

  

  European shares rose on Friday but headed for sharp weekly losses after a series of interest rate increases from major central banks fueled fears of a sharp economic slowdown. The pan-European Stoxx 600 index rose 0.8 percent in volatile trading, but it is still heading for a weekly decline of …

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• 17 June 2022 2:20 pm

  Oil rises due to tight supplies, but it is on its way to a weekly decline

  

  Oil prices rose on Friday, supported by tight supplies and new sanctions on Iran, but prices are on track for a weekly decline after major central banks raised interest rates, which raised fears of a sharp economic slowdown. Brent crude rose 62 cents, or 0.5 percent, to $ 120.43 a …

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