Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 15 April 2022 12:07 pm

  Nikkei declines, dragged down by Wall Street and technology

  

  The Japanese Nikkei index declined Friday, April 15th, after being affected by the decline in the blue-chip technology shares that tracked the weak performance on Wall Street, but losses were limited after investors repurchased shares before a long holiday. The Nikkei index fell 0.29% to close at 27,093.19 points, but …

  Read More »
• 15 April 2022 11:31 am

  PBOC kept interest rates unchanged at 2.85%.

  

  The People’s Bank of China kept its key interest rate unchanged in a surprise move, despite expectations of more stimulus, as Beijing is currently suffering from a spike in coronavirus cases. The People’s Bank of China said it kept the one-year medium-term loan rate unchanged at 2.85%. China is currently …

  Read More »
• 15 April 2022 1:26 am

  Market Drivers – US Session – 14 April

  

  The US dollar holds firmly up, giving up some of its recent gains ahead of the close as speculative interest booked some profits ahead of the Good Friday holiday.Economic Data The US Commerce Department on Thursday said that retail sales rose a seasonally adjusted 0.5% in March from a month …

  Read More »
• 14 April 2022 11:53 pm

  Mester: Fed To Push Policy Quickly Enough To Contain Hot Inflation

  

  Cleveland Fed President and FOMC member Loretta Mester said on Thursday that the Fed aims to reduce policy accommodation at the pace necessary to control inflation whilst also sustaining economic activity.Mester added that the Fed aims to bring demand into better balance with supply, whilst also sustaining the health of …

  Read More »
• 14 April 2022 11:28 pm

  US Shares drop back As T-Yields Rise Ahead of Long Weekend

  

  Major US equity indices showed mixed performance on Thursday, with tech stocks underperforming as US yields soured. Investors received another update on the recovery in the jobs market. The number of people seeking unemployment benefits ticked up last week, according to the Labour Department, but remained at a historically low …

  Read More »
• 14 April 2022 10:36 pm

  GBP/USD Correcting ECB Selloff As BoE Policy In Focus Again

  

  At 1.3069, the GBP/USD pair is attempting to correct the London sell-off that followed the European Central Bank announcements that sank the Euro and enabled the embattled US dollar to bounce back. The pound was caught up in the flows and extended a fall from a high of 1.3146 to …

  Read More »
• 14 April 2022 10:03 pm

  March retail sales reports reveals resilience of consumer spending

  

  The US Commerce Department on Thursday said that retail sales rose a seasonally adjusted 0.5% in March from a month earlier. That was a tad less than the 0.6% gain that economists polled by The Wall Street Journal were looking for, but there were also revisions to the previous two …

  Read More »
• 14 April 2022 6:38 pm

  UoM Consumer Sentiment Index Rises Above Expectations

  

  The preliminary estimate of the University of Michigan’s (UoM) Consumer Sentiment Index for April rose to 65.7 from 59.4 last month, above the expected reading of 59.0, data released on Thursday showed. The Consumer Expectations Index was also significantly stronger than expected at 64.1 versus forecasts for a reading of …

  Read More »
• 14 April 2022 5:54 pm

  GBP/USD Slips Back As Sterling Weakens Post-ECB

  

  The GBP/USD pair has dipped back under 1.3100 as it weakens in tandem with the euro post-dovish ECB policy announcement. The pair remains at risk of falling to sub-1.3000 levels amid the risk of more BoE/Fed policy divergence.Though the currency hasn’t been weighed as badly as its euro counterpart, the …

  Read More »
• 14 April 2022 5:46 pm

  USD/CAD Rebounds Swiftly As USD Gets Stronger

  

  The USD/CAD pair staged a goodish intraday bounce from over a one-week low set earlier this Thursday. Weaker oil prices undermined the CAD and extended support amid resurgent USD demand. Bulls seemed rather unaffected by the disappointing release of the US Retail Sales figures.The USD/CAD pair recovered nearly 70 pips …

  Read More »
• 14 April 2022 5:36 pm

  IMF To Downgrade Global Growth Outlook For 2022, 2023

  

  International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that the IMF will be downgrading the outlook for global growth for both 2022 and 2023, reported Reuters. She cited inflation, tightening of financial conditions and frequent Covid-19 lockdowns in China as weighing on activity. Additional Takeaways:• Since the …

  Read More »
• 14 April 2022 5:26 pm

  US: Weekly Initial Jobless Claims rise to 185K

  

  There were 185,000 initial jobless claims in the US on the week ending on 9 April, the latest report from the US Depart of Labour showed on Thursday. That was a little above expectation for a rise to 171,000 from 167,000 one week prior. The four-week average number of initial …

  Read More »
• 14 April 2022 4:37 pm

  Gold is on its way to achieving weekly gains amid political and economic risks

  

  Gold prices fell on Thursday but were still on track to record a weekly increase, supported by the demand for safe havens due to the Ukraine crisis and mounting price pressures. By 1100 GMT, gold fell in spot transactions 0.2 percent to $ 1973.41 an ounce, after rising for six …

  Read More »