Open Demo Account

Market Analysis

July, 2022

  • 6 July 2022 3:13 pm

    Turkish lira drops 1% on renewed concerns about inflation and monetary policy

    The Turkish lira fell again on Wednesday, continuing losses for the seventh day, due to the rise of the dollar and investors’ fears of rising inflation and the policies applied to deal with the economic crises in the country. The lira fell one percent against the dollar to record 17.2 …

    Read More »
  • 6 July 2022 1:49 pm

    Oil is rebounding after a sharp decline

    OPEC

    Oil prices rose about 3% today, Wednesday, before giving up some of their gains as investors turned to the market, after a sharp decline in the previous session, as concerns related to supplies returned, with concerns of a global recession continuing. Brent crude futures rose as much as $3.08, or …

    Read More »
  • 6 July 2022 1:16 pm

    European shares rise as oil workers’ strike ends in Norway

    European Stocks

    European shares rose on Wednesday after oil and gas workers in Norway called off their strike, quelling fears of an energy supply shortage, while shares of Just Eat Tekaway.com rose after Amazon agreed to buy a stake in its unit GroupHub. The pan-European STOXX 600 index rose 1.3 percent by …

    Read More »
  • 6 July 2022 12:27 pm

    Japan shares fall on economic slowdown fears

    Japan’s Nikkei index closed lower on Wednesday after a two-day rally, dragged down by energy stocks, as fears of a global economic slowdown weighed on the market. The Nikkei index fell 1.20 percent to close at 26,107.65 points. The broader Topix index fell 1.23 percent to 1,855.97 points. Shares of …

    Read More »
  • 6 July 2022 12:06 pm

    German Factory Orders unexpectedly rise 0.1% MoM in May

    The German Factory Orders rebounded in May, suggesting that the manufacturing sector downturn in Europe’s economic powerhouse is flattening. Contracts for goods ‘Made in Germany’ jumped by 0.1% on the month vs. -0.6% expected and -2.7% last, the latest data published by the Federal Statistics Office showed on Wednesday. On …

    Read More »
  • 6 July 2022 2:54 am

    Market Drivers – US Session – Tuesday, July 5

    Global recessionary fears have impacted most sectors across financial markets. The US dollar obviously benefited from the risk-aversion and soared entrenching the dollar’s safe haven status. The risk of a US recession is above 70%, according to most analysts. The inversion of Treasury yield curve also does add to those …

    Read More »
  • 6 July 2022 2:25 am

    Gold sinks to six-month low on stronger US dollar

    Gold is under further pressure below a key monthly trendline and continues to get deeper in the red territory. Gold prices slumped to their lowest in more than six months on Tuesday, as the US dollar rallied amid growing recession concerns that caused losses across risk assets.Extra fears stem from …

    Read More »
  • 6 July 2022 12:54 am

    Treasury yield curve inverts as recession fears accelerate

    US Treasury yields tumbled on Tuesday on what is widely seen as a recession alert and a key part of the yield curve inverted for the first time in three weeks as concerns about economic growth injured risk appetite, bringing about increased demand for the safe haven US debt.Fears of …

    Read More »
  • 5 July 2022 11:22 pm

    Resigned Afolami calls for Boris Johnson to step down

    More news is coming out of 10 Downing Street, as the vice-chair of the UK Conservative Party, Bim Afolami resigned and calls for Boris Johnson to step down.Resignations en mass also included UK Parliamentary Private Secretary Saqib Bhatti, UK Parliamentary Private Secretary to Secretary of State for North Ireland Jonathan …

    Read More »
  • 5 July 2022 10:47 pm

    WTI Crude sharply Drops To $97

    WTI crude oil drops as the US dollar gains are entrenched. Bulls have mentioned that product inventories are at critically low levels, which suggests restocking will keep crude oil demand strong.Oil price is down by 10.6% on the day after falling from a high of $111.42 to a low of …

    Read More »
  • 5 July 2022 10:05 pm

    Resignations Quake UK’s 10 Downing Street

    UK political Tory resignations are dropping like rain because of widespread feeling of incompetence on the part of the Prime Minister Boris Johnson. So far, the pound is holding up after the initial 12 pip move to the downside vs the US dollar. The first was the British Health Secretary …

    Read More »
  • 5 July 2022 8:57 pm

    GBP/USD under pressure amid risk aversion

    Risk aversion continues to weigh on the GBP/USD pair. The pair fell to around 1.1897, the lowest level since March 2020. It remains under pressure around 1.1900. the pair seems unable to find support as markets generally fall.Fears about global recession and a worsening growth outlook in the United Kingdom …

    Read More »
  • 5 July 2022 8:08 pm

    After RBA’s decision, AUD/USD sinks on risk aversion

    The AUD/USD pair fell more than 100-pips during the day and probed the YTD low around 0.6763. The Australian dollar followed its fellow peers and is tanking to fresh two-year-lows amidst renewed concerns of a recession looming worldwide, amidst a high inflation scenario, bolstering the appetite for safe-haven peers in …

    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