Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2022

• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 17 June 2022 1:09 pm

  Gold prices are declining and heading to record the largest weekly loss in a month

  

  The price of gold fell on Friday, due to the impact of the rise in the dollar and US Treasury bond yields on the demand for the precious metal priced in the US currency, and prices are heading for the largest weekly decline since mid-May. And gold fell in spot …

  Read More »
• 17 June 2022 12:36 pm

  The Nikkei index suffers its biggest weekly loss in two years after the Bank of Japan’s decision

  

  Japan’s Nikkei on Friday posted its biggest weekly drop in more than two years, tracking Wall Street’s decline, even as the Bank of Japan kept massive stimulus. The Nikkei index closed down 1.77 percent at 25,963 points, its lowest closing level since May 12, after falling by 2.7 percent earlier …

  Read More »
• 17 June 2022 4:02 am

  Market Drivers – US Session – Thursday, June 16

  

  Yield curve inverts in the US, signaling at least economic slowdown and hinting at the possibility of recession or a big decline in economic growth globally and in the domestic economy at most.Monetary policy decisions by major central banks round the globe triggered some sort of panic and risk aversion, …

  Read More »
• 17 June 2022 2:43 am

  Could Biden Invoke Defense Production Act To Raise Fuel Production?

  

  US President Joe Biden may use the Cold-War era “Defense Production Act” To stimulate fuel production. Several US news reports have said that Biden is open to using all possible cards and reasonable tools the federal government has to increase fuel production and lower fuel prices for Americans, including the …

  Read More »