Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 24 May 2022 3:45 pm

  Oil falls on recession fears, anti-Covid-19 restrictions in China

  

  Oil prices fell by nearly a dollar on Tuesday, on fears of a possible recession and restrictions to combat COVID-19 in China, which outweighed the impact of tight global supply and expectations of increased demand for fuel as the summer travel season begins in the United States. Investment banks including …

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• 24 May 2022 2:39 pm

  European shares fall as slowdown fears exacerbated by business growth data

  

  European shares fell on Tuesday, tracking declines in global stock markets as investors renewed concerns about slowing economic growth and monetary policy tightening due to business expansion data for May. The pan-European Stoxx 600 index was down 0.8 percent by 0818 GMT, giving up much of Monday’s 1.3 percent gain. …

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• 24 May 2022 1:55 pm

  Gold rises with increased demand

  

  Gold prices strengthened on Tuesday, with the US dollar falling to its lowest level in a month for the second session in a row, making the yellow metal priced in dollars less expensive for buyers abroad. Spot gold rose 0.3% to $1,858.19 an ounce by 07:57 GMT, after rising to …

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• 24 May 2022 1:12 pm

  Nikkei falls on lower US futures and Asian stocks

  

  Japan’s Nikkei fell at the close on Tuesday, dragged down by declines in US futures and Asian stocks, as investors looked for fresh stimulus after the corporate earnings season ended, which in turn weighed on sentiment. The Nikkei gave up the gains recorded earlier in the session and closed down …

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• 24 May 2022 12:05 pm

  Europe may ban Russian oil ‘within days’

  

  Germany announced that the European Union is likely to agree to a ban on Russian oil imports “within days”. At the same time, Moscow said it would work to strengthen its economic ties with China after it fell under the guillotine of Western isolation over its invasion of Ukraine. Ukrainian …

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• 24 May 2022 10:12 am

  What ‘recklessness’ does Fed’s Bostic fight, want to avoid?

  

  As the US central bank mobilizes for the inevitable fight against 40-year-high inflation with what is expected to be a string of big interest-rate hikes, one US central banker injected a tone that is full of caution, warning headlong rate hikes could create “significant economic dislocation.”In an essay published Tuesday, …

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• 24 May 2022 5:14 am

  Market Drivers – US Session – Monday 23 May

  

  The US dollar weakened on the first trading day of the week, amid a better market sentiment. The EUR/USD pair flirts with 1.0700, helped by ECB Chair President Christine Lagarde. She said she expects the facilities program to end “very early” in the third quarter of the year, leaving policymakers …

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• 24 May 2022 5:03 am

  Shiba Inu acts as crypto underperformer

  

  Shiba Inu price qualifies the asset to be considered as a crypto underperformer if market conditions persist. Continual diminishing returns are a likely outcome for the meme coin. Invalidation of the bearish thesis is a breach above $0.00001850. Ethereum price displays reasons to believe in a price spike to $2400. …

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• 24 May 2022 4:55 am

  US stocks rise, USD falls after seven weeks of equity losses

  

  US stocks rallied on Monday while government bond prices fell, as investors returned to riskier assets after growth fears and high inflation left the S&P 500 nursing its seventh consecutive week of losses.Monday’s advance followed a late turnround on Wall Street on Friday when the S&P briefly entered bear market …

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• 24 May 2022 2:47 am

  Powell officially sworn in as Fed chair

  

  Federal Reserve Chair Jerome Powell was formally sworn in on Monday to begin his second four-year term as head of the U.S. central bank as it aims to tame the highest inflation in four decades without tipping the economy into recession. Lael Brainard was also sworn in as the Fed’s …

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• 24 May 2022 2:25 am

  AUD/USD Rising, Defying Gravity

  

  The AUD/USD pair is rising and while this is ideally perceived of as a bearish continuation chart pattern, the Australian dollar has a habit of defying gravity when correcting the trend and a break of the current resistance would be an important development. On the other hand, the bears are …

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• 24 May 2022 1:31 am

  Governor Bailey: BoE not to blame for soaring inflation

  

  The governor of the Bank of England has hit back at critics who accused him of being asleep at the wheel while inflation soared and a cost of living crisis hit UK living standards.Andrew Bailey defends response to Covid pandemic and indicates that the British central bank will not take …

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• 24 May 2022 12:40 am

  Gold records a fresh two-week high at around $1860s

  

  The Gold Index advances for the fourth successive trading day and begins the trading week with an upbeat tone but retreats at the 20-day moving average (DMA) at $1856.45. The XAU/USD Index reflects the weak appetite for the US dollar, despite higher US Treasury yields, which are pairing last Friday’s …

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