Open Demo Account

Market Analysis

July, 2022

  • 13 July 2022 5:05 am

    WTI crude retreats around $90.00 on recession-linked concerns

    Oil prices are expected to slip towards $90.00 due accelerating global recession-linked fears. Lockdown in China and interest rate hikes by Western central banks have also trimmed oil price forecasts.WTI futures have displayed a steep downside after surrendering the psychological support of 100.00 last week. Crude oil recorded three-month low …

    Read More »
  • 13 July 2022 3:23 am

    GBP/USD faces barrier on UK political crisis

    The GBP/USD pair has encountered selling pressure after attempting to sustain above the crucial level of 1.1900 which is a steep fall after surrendering the weekly support at 1.1876 and printed fresh weekly support at 1.1807. On the UK front, ongoing political crisis after the announcement of resignation by current …

    Read More »
  • 13 July 2022 2:29 am

    Crypto Assets Drop As Markets Close Choppy Day

    Bitcoin was trading under $20,000 again after June’s ups and downs. Bitcoin’s move below $20,000 was not as critical as it was last month but developments in the crypto space are still certainly noteworthy as it repeatedly dipped below $20,000.Major crypto assets continued falling on Tuesday amid a choppy market. …

    Read More »
  • 13 July 2022 2:07 am

    US shares slide ahead of corporate earnings reports

    Shares shed early gains and ended broadly lower on Wall Street Tuesday as investors brace for a big week of news on inflation and company earnings reports. The S&P 500 retreated by 0.9%, extending its losing to a third consecutive day. All of the benchmark index’s 11 company sectors closed …

    Read More »
  • 13 July 2022 1:33 am

    IMF cuts US GDP growth projection for 2022 to 2.3%

    The International Monetary Fund has cut the US 2022 growth projection to 2.3% from 2.9% in late June, due to revised US data.Key RemarksIMF cuts US 2022 GDP growth projection to 2.3% from 2.9% in late June, due to revised US data.IMF cuts US 2023 GDP growth projection to 1.0% …

    Read More »
  • 13 July 2022 12:43 am

    As USD retreats, EUR/USD steadies at the brink of parity

    The EUR/USD pair bounces off fresh 20-year lows around the parity area, trimming some of Monday’s losses, as market sentiment wobbles, reflected by US equities fluctuating between gainers and losers, ahead of the US June Consumer Price Index (CPI) to be released on Wednesday.The EUR/USD is trading at 1.0052 after …

    Read More »
  • 12 July 2022 11:14 pm

    What does EUR/USD parity mean for US economy?

    For the first time in almost 20 years, the US dollar is nearly equal in value to the Euro. This may sound good for the dollar, but it could be harmful for some sectors as well.If the dollar becomes exceptionally strong, it could harm the business for US companies, because …

    Read More »
  • 12 July 2022 10:53 pm

    Boeing shares jump 8% on Q2 deliveries

    Boeing reported Q2 deliveries on Tuesday. The company’s stock is soaring. The commercial aerospace giant delivered 121 jets in the second quarter, up from 95 in the first quarter of the year.737 MAX deliveries totaled 100 in Q2, up from 81 delivered in the first quarter. Boeing also delivered 40 …

    Read More »
  • 12 July 2022 10:35 pm

    EU gives Croatia green light to adopt euro in 2023

    Eurozone

    EU finance ministers on Tuesday gave Croatia the final green light to adopt the euro on January 1, 2023. “I would like to congratulate my counterpart, Zdravko Maric, and the whole of Croatia for becoming the 20th country to join the euro area,” said Zbynek Stanjura, the finance minister of …

    Read More »
  • 12 July 2022 9:47 pm

    Fed’s Barkin: recession is possible

    Federal Reserve’s Tomas Barkin said that the pace of policy change may be making markets ‘skittish’. He adds that there is a path to cool inflation but a recession ‘is possible’.Barkin expects inflation to come down but not immediately or predictably. Barkin sees early signals of supply easing in freight …

    Read More »
  • 12 July 2022 9:04 pm

    BoC To Decide Jumbo Rate Hike On Inflation Worries

    Most economists do predict a 0.75-point rate hike decision by the Bank of Canada on Wednesday, followed by another super-sized rise next autumn. This will be the biggest rate increase in decades, a three-quarter-point rise, which comes within the framework of combating hot inflation, and looks set to continue with …

    Read More »
  • 12 July 2022 8:47 pm

    PepsiCo Announces Strong Earnings

    PepsiCo reported strong performance on several fronts. On Tuesday morning, premarket session did not look as positive as Monday’s Wall Street. Awaiting US CPI data has turned Tuesday into a kind of a waiting lounge for the markets. The Earnings season is starting this week, and one of the first …

    Read More »
  • 12 July 2022 8:12 pm

    Gold pressured by stronger US dollar

    Precious metals have generally maintained the same defensive stance, with gold reaching two-month lows and silver at two-year lows.Risk aversion dominates Tuesday’s trading session as investors await clues that will be provided by June’s US CPI report, due on Wednesday. Gold price is slanted to the downside and might test …

    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