Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 22 April 2022 1:23 pm

  Japanese stocks close lower, pressured by the decline of Wall Street, and Toshiba shares jump

  

  Japanese shares closed lower on Friday for the first time in four sessions, tracking Wall Street, which fell overnight after the Fed’s interest rate views, while Toshiba shares rose sharply after opening the door to acquisitions. The Nikkei index ended the session down 1.63 percent, recording 27,105.26 points, while the …

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• 22 April 2022 12:22 pm

  Oil is heading for a weekly decline of about 4% as demand concerns persist

  

  Oil prices fell on Friday, heading towards a weekly decline of about four percent, affected by expectations of higher interest rates, weak global growth and restrictions to combat Covid-19 in China, which negatively affected demand, although the European Union is considering banning Russian oil imports. By 0130 GMT, Brent crude …

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• 22 April 2022 3:02 am

  Market Drivers – US Session – 21 April

  

  Risk-off trading conditions, triggered by soaring US yields amid hawkish Fed language, led US equities to retreat on Thursday and the safe-haven US dollar has the chance to outperform, against its more risk-sensitive G10 peers mainly the other non-US dollars. The Dollar Index reversed an earlier dip below the 100.00 …

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• 22 April 2022 2:45 am

  Gold Sets To Recover On Powell’s Comments, Hopes

  

  The odds of a 50 bps interest rate hike have elevated after Fed Powell’s comments at the IMF meeting. Higher inflation pressures in a very tight labor market are compelling for squeezing the liquidity. A double bottom formation has raised expectations of a reversal in the gold prices.Gold price has …

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• 22 April 2022 2:34 am

  Brexit Risks Could Come Back

  

  UK prepares law to give ministers power to tear up Northern Ireland post-Brexit trade deal. The UK government is preparing a legislation that will give ministers sweeping powers to tear up the post-Brexit deal governing trade in NI. Meanwhile, David Frost who negotiated the Brexit deal, and other senior Conservatives, …

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• 22 April 2022 12:16 am

  US Dollar Benefits From Hawkish Fed Language, Euro In Demand

  

  Risk-off trading conditions, triggered in part by a rise in US yields amid hawkish Fed rhetoric, saw US equities dip on Thursday and the safe-haven US dollar outperform, especially against its more risk-sensitive G10 peers like the Australian, New Zealand and Canadian dollars. The US Dollar Index (DXY) reversed an …

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• 21 April 2022 11:58 pm

  US Shares Drop As Markets Digest Hawkish Fed Comments

  

  Major US equity indices reversed early gains on Thursday amid hawkish comments from Fed Chair Powell. The S&P 500 dipped back to 4,400, having earlier rallied above 4,500 on initial strength related to strong Tesla earnings.Major US equity indices reversed early gains on Thursday as US yields rallied following hawkish …

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• 21 April 2022 11:31 pm

  Piper Raises natural gas price forecast

  

  Piper Sandler commodity analysts updated the bank’s US natural gas forecast Thursday, flagging increased exports, increased demand and “pervasive capital discipline” all leading to higher medium-term natural gas prices (UNG).Analysts now see Henry Hub (NG1:COM) averaging $6.50 in 2022, $5.50 in 2023 and $4.00 long-term; compared to prior estimates of …

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• 21 April 2022 11:22 pm

  Treasury Yields Resume Climb As US Shares Further Drop

  

  US stocks fell as the selloff in Treasuries resumed, with traders bracing for the possibility of more aggressive policy tightening by the Federal Reserve. Meanwhile, the US dollar is gaining momentum.Treasury yields rose across the curve, with the policy-sensitive two-year rate climbing as much as 15 basis points 2.73% as …

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• 21 April 2022 10:14 pm

  BoE’s Bailey: Scale of real income shock will cause slowdown in UK growth

  

  Western countries should not appease Russia following its invasion of Ukraine even if there are difficult economic consequences, Bank of England Governor Andrew Bailey said on Thursday. “What Russia is doing in Ukraine is appalling,” Bailey said at a discussion in Washington hosted by the Peterson Institute for International Economics.“My …

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• 21 April 2022 9:59 pm

  Powell Reiterates Fed’s plan to get interest rates “expeditiously” to neutral

  

  Fed Chairman Jerome Powell on Thursday said the central bank is committed to raising rates “expeditiously” to bring down inflation. When asked about the topic of inflation at an IMF panel, Powell noted that the Fed is no longer counting on inflation coming back down, as these expectations of supply-side …

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• 21 April 2022 6:29 pm

  Biden: US sends weapons directly to the Ukraine front lines

  

  US President Joe Biden, in a speech about the latest US military aid package for Ukraine, said that the US is sending weapons “directly to the front lines of freedom”, reported Reuters on Thursday. Joe Biden took to the podium today to announce that the US will provide another $800m …

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• 21 April 2022 5:56 pm

  White House: Strong GDP Growth In 2022

  

  The White House sees more risks to US economic activity in the months ahead thanks to rising prices and Russia’s invasion of Ukraine, but still expects healthy GDP growth in 2022.A senior administration official said inflation, caused in part by Russia’s attack on Ukraine, and supply chain hiccups are additional …

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