Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 29 April 2022 6:24 pm

  Gold above $1900, but falls from earlier highs on US data

  

  Gold Prices continue to trade higher on Friday amid month-end US dollar weakness, with prices still above $1900. But XAU/USD has pulled back from earlier highs with US yields rallying in wake of the latest US data dump. Traders’ focus now has switched to next week’s Fed policy meeting, with …

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• 29 April 2022 6:00 pm

  BoE sketches out lighter regime for small banks

  

  Banks in Britain with no more than 15 billion pounds ($19 billion) in assets could benefit from lighter capital requirements given they would pose less of a risk to financial stability if they went bust, the Bank of England said on Friday.Britain’s departure from the European Union makes it possible …

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• 29 April 2022 5:19 pm

  EUR/USD Struggles As Bulls Lose Faith Near 1.0600 Zone

  

  The bullish attempt in EUR/USD appears to have bumped into a wall around the 1.0600 yardstick at the end of the week.EUR/USD retreats from earlier highs near 1.0600 amidst some tepid rebound in the USD, although the mood around the dollar remains tilted towards the bearish side on Friday.The pair …

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• 29 April 2022 5:13 pm

  US Annual Core PCE Inflation Falls Below Expectations

  

  Core PCE inflation fell a little more than expected in March, but the Employment Cost Index jumped in Q1. The latest Personal Income and Spending figures for March will instill confidence about the underlying strength of the US economy. Annual inflation in the US fell to 5.2% in March according …

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• 29 April 2022 4:01 pm

  Turkey’s foreign trade deficit rises 75% in March

  

  Data from the Turkish Statistical Institute showed on Friday that the foreign trade deficit rose 75 percent year-on-year to $8.17 billion in March, driven by a 30.7 percent increase in imports. The data showed that imports amounted to $30.88 billion in March, while exports rose 19.8 percent to $22.71 billion. …

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• 29 April 2022 2:01 pm

  Energy prices are driving inflation in Germany to levels not seen in four decades

  

  German inflation in April reached its highest level in more than four decades, driven by prices of natural gas and mineral oil products that have risen sharply since Russia’s attack on Ukraine. On Thursday, the Federal Statistics Office said consumer prices rose 7.8 percent year on year, up from 7.6 …

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• 29 April 2022 1:00 pm

  European shares rise, supported by earnings results at the end of volatile April trading

  

  European shares rose on Friday, supported by strong earnings results and rising mining and technology shares, boosting risk appetite at the end of a volatile month dominated by fears of slowing global growth. By 0711 GMT, the pan-European Stoxx 600 index rose 0.8 percent, trimming its monthly losses to 1.1 …

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• 29 April 2022 12:11 pm

  Oil extends gains as supply worries outweigh lockdown measures in China

  

  Oil prices rose for a fourth day on Friday as fears of Russian supply disruptions outweighed the impact of anti-Covid-19 lockdown restrictions in China, the world’s largest crude importer, casting a shadow on demand. By 0639 GMT, Brent crude futures rose 88 cents, or 0.8 percent, to $108.47 a barrel, …

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• 29 April 2022 2:32 am

  Market Drivers – US Session – 28 April

  

  The Dollar Index (DXY), a trade-weighted basket of major USD currency pairs, surpassed its 2017 highs to come within a whisker of hitting 104.00, its highest level since December 2002. This was primarily a result of a steep sell-off in the yen that launched USD/JPY to fresh multi-decade highs of …

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• 29 April 2022 1:21 am

  EUR/USD Remains In Red Territory

  

  The EUR/USD pair remains in the red despite a pick-up in global shares. The Euro is taking some of the brunt due to the volatility in the currency marketplace following the Bank of Japan’s dovish announcements and a subsequent dash for the US dollar. At the time of writing, EUR/USD …

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• 29 April 2022 1:03 am

  Amazon shares fall on weak forecast

  

  Amazon shares dropped as much as 9% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates.Amazon on Thursday gave a revenue forecast that trailed analysts’ estimates. Growth rates are at their slowest since the dot-com bust in 2001. The company recorded a $7.6 …

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• 29 April 2022 12:04 am

  WTI Rallies Into $105.00s As Germany Approves EU’s Russia Oil Embargo

  

  WTI crude oil has rallied to its highest level since last Tuesday above $105.00 and is now eyeing a retest of recent near $110 highs. Traders cited a report alleging that the EU nations are nearing agreement on a Russian oil import embargo as supporting prices.At current levels in the …

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• 28 April 2022 11:35 pm

  US equities rally as strong earnings push sentiment higher

  

  US equities have enjoyed a strong tech-led rebound on Thursday after stronger than expected Meta Platforms earnings. The S&P 500 was last up nearly 3.0% and above 4,300 and the Nasdaq 100 was last up nearly 4.0%.But the major US indices remain on course to post hefty on-the-month losses and …

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