Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2022

• 12 July 2022 1:20 am

  Bitcoin Leads Crypto Slide, Extending Weekend Losses

  

  Bitcoin retreated below $21,000 on Monday after climbing to $22,000 last Friday. The cryptocurrency dropped 2.2% to $20,489, while Ether dipped 3.1% to $1,140 as of 4:00 pm ET Monday. Major cryptoassets’ slide came after the Bloomberg MLIV Pulse survey indicated that 60% of respondents thought bitcoin would head lower …

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• 12 July 2022 12:17 am

  AUD/USD wavers above 0.6730 ahead of US Inflation

  

  The AUD/USD pair has turned sideways after a sheer downside move to Monday’s low at 0.6715 on a risk-off impulse on the market. The asset is hovering around its fresh monthly low as the US dollar index (DXY) has printed a fresh 19-year high at 108.27.The AUD/USD pair is hovering …

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• 11 July 2022 11:43 pm

  USD/CAD climbs on negative sentiment, stronger US dollar

  

  The USD/CAD buyers regain control and lift the pair above 1.3000, eyeing the 1.30776 level. Lower risk appetite is impacting investors’ calculations ahead of the US CPI to keep the USD/CAD upward pressured.The Bank of Canada (BoC) is expected to hike rates by 75 bps, as shown by STIRs futures. …

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• 11 July 2022 10:51 pm

  US Equities retreat as earning season looms

  

  The three major US equity indices drop between 0.29% and almost 2%. Risk-aversion dominates Monday’s trading session. China’s covid-linked fears, in addition to hot inflation drag corporate profits lower as the earnings session approaches. US equities broke five days of consecutive gains, trading lower on Monday, courtesy of risk aversion …

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• 11 July 2022 9:54 pm

  T-Yields retreat as traders eye Wednesday’s key inflation data

  

  US Treasury yields retreated on Monday as traders continued to digest strong numbers in the latest jobs report and braced for key inflation figures that will be released on Wednesday.Last Friday, investors absorbed the June employment report that showed jobs growing at a faster clip than expected. Nonfarm payrolls increased …

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• 11 July 2022 9:39 pm

  Euro To Stay Low In The Near Term

  

  The EUR/USD pair hit new cycle lows on Monday at 1.0050 as it is set to continue to approach parity. The next half of 2022 is unlikely to foster conditions for euro appreciation as the European economy could be in a technical recession, explained analysts at National Bank of Canada. …

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• 11 July 2022 8:46 pm

  BoE’s Bailey: Several things on table for August meeting

  

  While testifying before the UK Treasury Select Committee on Monday, Bank of England (BOE) Governor Andrew Bailey argued that they should not pre-commit to the next policy move and said they have a range of options for the August meeting.Bailey’s comments failed to help the British pound find demand and …

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• 11 July 2022 7:47 pm

  US Median 1-year inflation expectations rise to 6.8% in June

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US Consumers’ one-year inflation expectations rose to 6.8% in June from 6.6% in May. The three-year inflation expectations, however, declined to 3.6% from 3.9%.As a reaction, the US Dollar Index edged slightly lower …

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• 11 July 2022 7:15 pm

  Fed’s George: Speed at which interest rates should rise an open question

  

  Kansas City Fed President Esther George, who voted against the 75 basis points rate hike in June, said on Monday that the pace of rate increases needs to be carefully balanced against the state of the US economy.George’s comments do not have an immediate impact on the US dollar’s valuation. …

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• 11 July 2022 6:00 pm

  Crypto markets await a greener start to the week

  

  The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system. A section of the report dedicated to stablecoins discussed its central role in the current ecosystem. For example, stablecoins are …

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• 11 July 2022 5:15 pm

  Nord Stream pipeline begins annual maintenance with Europe concerned

  

  The Nord Stream 1, the biggest single pipeline carrying Russian gas to Germany, starts annual maintenance today, with flows expected to stop for ten days.  Some European governments, markets and companies worry that the shutdown might be extended. The Nord Stream 1 pipeline transports 55 billion cubic metres a year …

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• 11 July 2022 4:17 pm

  Ukraine’s grain exports fell 30% at the start of the 2022-2023 season

  

  Ukraine’s Agriculture Ministry said Monday (July 11) that grain exports in the first seven days of July, the first month of the new 2022-2023 season, fell 30% year on year to 402 thousand tons. Grain exports for the 2021-2022 season, ending June 30, rose 8.5% to 48.5 million tons, driven …

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• 11 July 2022 3:24 pm

  Inflation in Spain exceeded 10% in June for the first time since 1985

  

  Spain’s inflation rate rose to 10.2% in June on an annual basis, the first time it has exceeded 10% since April 1985, from 8.7% in the previous month, according to preliminary data from the National Institute of Statistics, with the reading coming in higher than expectations of 9 %. Data …

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