Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 27 April 2022 11:26 pm

  Gold Price hits lowest levels since late February around $1880

  

  Gold prices failed to hold above $1900 on Wednesday and hit their lowest level since late February in the $1880s. An improvement in risk appetite, rebound in US yields and strength in the US dollar all weighed. Now that key $1890 support has been broken, gold bears are eyeing support …

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• 27 April 2022 10:53 pm

  EUR/USD records five-year lows but trims some losses

  

  The EUR/USD pair extended its free fall, which accelerated on April 22 after closing around 1.0831. The pair has since plunged more than 400 pips, hitting a fresh 5-year low around 1.0514 on Wednesday. At 1.0564, the EUR/USD recovered some ground, aiming to finish the day with losses for the …

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• 27 April 2022 10:28 pm

  Could US Real GDP growth in Q1 turn out to be negative?

  

  On Thursday, the first estimate of US GDP growth will be released. Analysts at Wells Fargo, expect a 0.6% annualized growth rate. They point out that although the economy does not appear on the cusp of another downturn, the probability of a recession next year is not insignificant. Key Quotes: …

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• 27 April 2022 6:57 pm

  Concerns over inflation drive down Americans’ confidence in economy: poll

  

  Concerns over inflation are helping tamp down Americans’ confidence in the economy, according to a new poll released on Wednesday.A new Gallup poll shows that Americans have low levels of confidence in the U.S. economy, with just 2 percent of respondents rating the current economic conditions as excellent and only …

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• 27 April 2022 6:39 pm

  Putin: Western plans to suffocate Russia’s economy with sanctions have failed

  

  Russian President Vladimir Putin on Wednesday said that Western plans to suffocate Russia’s economy with sanctions have failed, reported Reuters. Putin accused the West of wanting to cut Russia up into different pieces and accused the West of pushing Ukraine into a conflict with Russia. Putin reiterated that Russia will …

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• 27 April 2022 6:18 pm

  US Pending Home Sales fall below expected

  

  US Pending Home Sales fell by 1.2% MoM in March, less than the expected 1.6% drop, after sales fell 4.0% in February, the latest figures from the National Association of Realtors showed on Wednesday. That meant the US Pending Home Sales index fell to 103.7 in March, from 105.0 a …

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• 27 April 2022 5:45 pm

  BoJ Preview: Forecasts from six major banks, policy changes in response to JPY weakness

  

  The Bank of Japan will hold its policy meeting on Thursday, April 28 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks.The BoJ is unlikely to announce any changes to its monetary policy …

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• 27 April 2022 5:16 pm

  The dollar index rushing towards 103, the highest level in 5 years

  

  At 12:58 GMT, the US dollar index rose to 103.05, its highest level since January 2017. The dollar’s ​​rise comes with the euro also falling to its lowest level in 5 years, due to the difference in monetary policy between the two regions, while the market is waiting for the …

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• 27 April 2022 5:12 pm

  US Economy Likely to Dodge Recession Despite Fed Tightening

  

  The US economy probably will grow 3.1% this year even as the Federal Reserve tightens monetary policy to quell inflation, Goldman Sachs said in a forecast on Friday.That would be the second-fastest pace in 17 years, following 2021’s 5.7% spike in GDP. The unemployment rate probably will fall to 3.3% …

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• 27 April 2022 3:58 pm

  Oil prices stabilize amid concerns about Russian supplies and demand in Asia

  

  Oil prices were broadly stable on Wednesday after Russia halted gas supplies to Bulgaria and Poland, while concerns about the impact of anti-Covid-19 shutdowns in Asia on economic growth and oil demand limited price hikes. After falling earlier, Brent crude futures rose 53 cents, or 0.5 percent, to $105.52 a …

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• 27 April 2022 2:49 pm

  The euro fell below $1.06 for the first time in five years

  The euro fell below $1.06 for the first time in five years against a broadly stronger dollar on Wednesday, amid concerns about energy security and slowing growth in China and Europe. The euro fell to a five-year low of $1.05890 after Russia’s energy giant Gazprom said it would cut gas …

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• 27 April 2022 1:43 pm

  Gold falls as the dollar rises to its highest level in more than two years

  

  Gold prices fell on Wednesday as the dollar rose to its highest level in more than two years to pressure demand for the precious metal, which is denominated in the US currency. And gold fell in spot transactions 0.6 percent to $ 1893.70 an ounce by 0809 GMT. And US …

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• 27 April 2022 12:44 pm

  European shares fall due to focus on Russian gas supplies and mixed results for companies

  

  European shares fell in choppy trading on Wednesday as markets received mixed results and as tensions escalated in the energy sector after Russian energy giant Gazprom halted gas supplies to Bulgaria and Poland. The pan-European Stoxx 600 index fell 0.4 percent and appeared to be on its way to a …

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