Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 26 July 2022 1:51 am

  Embracing Google Pay Means Faster Payments In Crypto Space

  

  Crypto.com announced that Google Pay is eventually been added as a payment method on its application for faster and more secure payments. Since the announcement of suspension of Netflix and Spotify benefits on its Visa card, the platform was criticized on social media. Users can now make faster, more efficient …

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• 26 July 2022 12:57 am

  S&P 500 ends US session flat as investors eye FOMC, earnings

  

  The S&P 500 seesawed on Monday and ended close to unchanged as investors girded for an expected rate hike at Fed’s meeting, this week and earnings from several large-cap growth companies.The Nasdaq ended lower, and S&P 500 technology and consumer discretionary led declines among major S&P sectors. The energy sector …

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• 26 July 2022 12:07 am

  EUR/USD consolidates ahead of Fed’s decision

  

  The EUR/USD pair holds within the familiar ranges ahead of the most awaited event this week, namely the FOMC meeting whereas the IFO German business sentiment is at its lowest level in more than two years.At 1.0223, the EUR/USD pair is alternating with the beginning of the week ahead of …

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• 25 July 2022 10:51 pm

  WTI advances towards $96.50 ahead of API-report, Fed meeting

  

  WTI crude oil snaps three successive days of losses and rises despite US data showing the US economy is slowing down.A US recession-linked concerns and subsequent China’s Covid-19 lockdowns do sharply weigh on WTI price direction. WTI crude rose 1.40% on Monday as US equities gain, portraying an upbeat market …

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• 25 July 2022 10:01 pm

  US equities surge in a big earnings week

  

  The Dow Jones Index surged on Monday as investors braced for a Fed meeting during the week and earnings from some of the biggest companies to measure the impact of the stronger dollar and soaring inflation, while the Nasdaq slipped as technology firms fell.The Dow Jones Industrial Average (.DJI) was …

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• 25 July 2022 9:33 pm

  OPEC+ 2.84 Million Bpd Below Oil Output Target

  

  The OPEC+ group had a huge deficit of 2.84 million barrels per day (bpd) in June between actual output and the target oil output level as part of the deal, so, the gap between nameplate output per the agreement and actual output continues to widen. OPEC+ pumped more than 2.5 …

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• 25 July 2022 8:49 pm

  AUD/USD climbs on soft US data

  

  The AUD/USD advances towards solid resistance around the 0.6970-90 area. Weak US economic activity and manufacturing data reported on Monday increase the chances of a US recession.The AUD/USD climbs during the North American session but faces solid resistance around the 50-day EMA around 0.6971, amidst an upbeat market mood, with …

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• 25 July 2022 8:07 pm

  Gold drops toward $1710 as market sentiment deteriorates

  

  Gold turns negative as market sentiment deteriorates. The Gold Index slides below $1720, rejected again from above $1730. Meanwhile, the US Dollar recovers momentum, erases losses.Gold prices failed to hold to gains on Monday, hit after Gazprom’s announcement that will slow flows on the Nord Stream 1 pipeline, triggering a …

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• 25 July 2022 7:20 pm

  Dallas Fed Manufacturing Index plunges below expectations

  

  Dallas Fed Manufacturing Index sharply fell again in July. The US Dollar Index received the news by trimming daily losses, and rises to 106.50. The headline General Business Activity Index of the Federal Reserve Bank of Dallas’s Manufacturing Survey plunged to -22.6 in July from -17.7 in June. This reading …

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• 25 July 2022 5:32 pm

  Ukraine is working to resume grain exports, Russia is bombing targets in the east

  

  Ukraine on Monday continued efforts to restart grain exports through Black Sea ports under a deal aimed at easing the global food shortage crisis, but said the weekend bombing of Odessa port by Russian forces posed a threat to shipments. As the war entered its sixth month, the Ukrainian military …

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• 25 July 2022 3:40 pm

  The dollar is declining and the currencies that involve risks are rising

  The dollar fell and the major rival currencies posted gains on Monday as risk appetite returned to the currency markets, while investors assessed the potential impact of an expected hike in US interest rates this week. The Federal Reserve indicated a 75 basis point rate hike at its meetings on …

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• 25 July 2022 2:20 pm

  EU countries rewrite plan to cut gas demand, seek carve-outs

  

  European Union countries are seeking to soften the bloc’s plan to require them to use less gas as Europe prepares for a winter of uncertain supplies from its main gas supplier Russia. The European Commission proposed last week that the 27 EU member states each cut their gas use by …

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• 25 July 2022 1:28 pm

  German IFO Business Climate Index plunges to 88.6 in July

  

  The headline German IFO Business Climate Index plunged to 88.6 in July versus last month’s 92.2 and the consensus estimates of 90.5. Meanwhile, the Current Economic Assessment dropped to 97.7 points in the reported month as compared to June’s 99.4 and 98.2 anticipated. The IFO Expectations Index – indicating firms’ projections for …

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