Open Demo Account

Market Analysis

June, 2022

  • 10 June 2022 5:12 am

    Market Drivers – US Session – Thursday, June 9

    WTI crude, futures on NYMEX, holds above $119.00 and faces a minor time correction after a vertical upside move. The black gold is holding its gains despite the renewed fears of a lockdown in China to contain the spread of the Covid-19. The Chinese economy was recovering from lockdown measures …

    Read More »
  • 10 June 2022 4:53 am

    WTI holds above $119.00 despite China’s renewed lockdown concerns

    WTI crude, futures on NYMEX, holds above $119.00 and faces a minor time correction after a vertical upside move. Crude oil is enjoying its gains despite the renewed concerns of another lockdown in China to contain the spread of the Covid-19.The Chinese economy was recovering from lockdown measures in Shanghai …

    Read More »
  • 10 June 2022 2:38 am

    Treasury Yields jump ahead of inflation data

    US government bond yields rose to 3.03% from 2.98% on Jun 8 on inflationary pressures-linked concerns ahead of the awaited CPI data. Earlier, this week, Treasury Secretary Janet Yellen acknowledged that the United States is currently facing “unacceptable levels of inflation.”To contain it, the Federal Reserve has enacted 75 bps …

    Read More »
  • 10 June 2022 1:18 am

    Sec Yellen: Don’t think US is going to have a recession

    Speaking at a New York event, US Treasury Sec. Janet Yellen explained that she does not think the US is going to have a recession. Earlier, this week, Sec Janet Yellen told Congress that the US is facing “unacceptable levels of inflation” on Tuesday as the treasury secretary defended herself …

    Read More »
  • 10 June 2022 12:23 am

    NZD/USD slides to fresh lows as US inflation data awaited

    New Zealand’s dollar slides for the fifth consecutive day after reaching a daily high at 0.6461. However, the NZD/USD is dipping below the 0.6400 figure amidst a risk-off market mood. The NZD/USD is trading at 0.6385, down by 0.86%.Before Wall Street opened, the US Department of Labor reported that Initial …

    Read More »
  • 9 June 2022 11:16 pm

    USD/JPY Retreats from two-decade highs towards 134.00s

    The USD/JPY pair has dipped towards 134.00 as buyers book profits ahead of Friday’s US CPI. Market sentiment is still negative as US equities record losses.The pair retreats from 2-decade highs around 134.55 but is trimming substantial losses, and albeit losing 0.09%, is preparing for a test of the 135.00 …

    Read More »
  • 9 June 2022 10:28 pm

    Typical mortgage payment could be 30% higher in 5 years, Bank of Canada warns

    The Bank of Canada says those who took out a home loan in 2020 or 2021 should stay for higher rates at renewal. High house prices and debt loads associated with them are a major vulnerability to Canada’s economy, the Bank of Canada said Thursday, warning buyers who bought during …

    Read More »
  • 9 June 2022 9:31 pm

    CPI Index Preview: Is there any room for policy surprise?

    The annual CPI forecast to be unchanged at 8.3% in May. Core prices expected to drop to 5.9% from 6.2%. Steep oil and fuel price gains in May could push inflation risk upward. Fed tightening policy will be unchanged and eventually markets are expected to react to differentials.April’s small decline …

    Read More »
  • 9 June 2022 8:46 pm

    US Equities Retreat, Growth Stocks Struggle Amid Rising T-Yields

    Wall Street’s main indexes retreated in mixed trading Thursday. Technology and growth equities are struggling to find direction amid rising treasury yields and weaker risk appetite on the back of accelerating concerns around soaring inflation and aggressive interest rate hikes.The Dow Jones Industrial Average was down 60.73 points, or 0.18%, …

    Read More »
  • 9 June 2022 7:56 pm

    EUR/USD drops to one-week lows on stronger US dollar

    The Euro came under pressure after ECE meeting despite higher yields. On the American front, the US dollar gains momentum as market sentiment deteriorates.The EUR/USD pair has dropped further during the US trading session and bottomed at 1.0643 touching the lowest level in a week amid a stronger US dollar …

    Read More »
  • 9 June 2022 7:14 pm

    Gold remains vulnerable ahead of Friday’s CPI data

    Gold price witnessed some selling on Thursday amid a further rise in the US bond yields. Hawkish central banks further contributed to driving flows away from the commodity. A softer risk tone, modest USD downtick extended some support and helped limit losses.Gold Price edged lower on Thursday and was last …

    Read More »
  • 9 June 2022 5:58 pm

    US: Weekly Initial Jobless Claims rise to 229K

    There were 229,000 initial jobless claims in the week ending on 4 June, above the prior week’s reading of 202,000 and expectations for a rise to 210,000. That pushed the four-week average higher to 215,000 from 207,000 a week earlier. 

    Read More »
  • 9 June 2022 4:52 pm

    Lagarde: Inflation has broadened, is undesirably high, and is a major challenge

    Inflationary pressures are expanding and have remained undesirably high, which is a major challenge; Lagarde added that economic activity would be affected in the short term due to higher energy costs as the wars in Ukraine and recent lockdowns in China have made the supply chain in a worse. Lagarde …

    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