Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 12 April 2022 2:06 am

  Could $39,000 Level Assist Bitcoin price trend?

  

  The price of stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve.Bitcoin last fell 7% to $40,009.78, according to Coin Metrics. Earlier in the day it fell to $39,785.68, falling below the key $40,000 support level for the …

  Read More »
• 12 April 2022 1:51 am

  Zelenskyy: Russian forces could use chemical weapons

  

  The Ukrainian president Volodymyr Zelenskyy has crossed the wires recently and said that the Russian forces could use chemical weapons and that they take that threat seriously. He does not say chemical weapons have already been used. Meanwhile, there are reports that people are suffering from respiratory failure and neurological …

  Read More »
• 12 April 2022 12:54 am

  USD/CAD Reacts To China’s demand for oil

  

  The USD/CAD pair is trading near the highs of the day towards the North American close. US oil continues to bleed out and correct the Ukraine crisis rally. Eyes will be on the US CPI data and the Bank of Canada this week. At 1.2635, USD/CAD is higher by 0.51% …

  Read More »
• 12 April 2022 12:00 am

  Could Biden admin, Fed policies lead to ‘troubled’ US economy?

  

  The United States economy is facing several threats, including the war in Ukraine, high prices, painful grocery bills, spiking gasoline prices, troubled supply chains, laggard recovery from the pandemic, and rising interest rates that some economists look upon as a cause of slowdown and a hindrance of growth.Biden’s White House …

  Read More »
• 11 April 2022 10:34 pm

  Gold Index at key $1,970 resistance, busy week ahead

  

  At $1,947, the gold price is underwater in mid-New York Trade. The price hs range traded between a high of $1,970.02 and a low of $1,940.03 on the day so far. Traders have already seen good volatility in financial and commodity markets owing to the French elections, the ongoing crisis …

  Read More »
• 11 April 2022 10:08 pm

  Fed’s Evans: High prices will persist for longer than I thought, but won’t be permanent

  

  Chicago Fed President and FOMC member Charles Evans on Monday said that high prices in the US will persist for longer than he originally though, though will not be permanent, reported Reuters. The Fed has to reposition itself in its response, he said, noting that supply chain pressures are more …

  Read More »
• 11 April 2022 10:00 pm

  EU Foreign Ministers agree to intensify weapon deliveries to Ukraine

  

  The German Foriegn Minister on Monday said that EU Foreign Ministers had agreed that weapon deliveries to Ukraine would be intensified and noted that Ukrainians can only be defended with weapons. The German Foreign Minister added that it is important that the EU doesn’t disappoint the ambition of Western Balkan …

  Read More »
• 11 April 2022 7:10 pm

  US CPI Preview: Forecasts from 12 major banks, another lurch forward

  

  The US Bureau of Labor Statistics will release the March Consumer Price Index (CPI) data on Tuesday, April 8 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 12 major banks regarding the upcoming US inflation print. …

  Read More »
• 11 April 2022 6:20 pm

  USD/CAD Holding Intraday Gains

  

  A combination of supporting factors assisted USD/CAD to regain positive traction on Monday. Sliding crude oil prices undermined the loonie and extended support amid modest USD strength. The technical set-up favours bullish traders and supports prospects for additional near-term gains.The USD/CAD pair held on to its strong intraday gains through …

  Read More »
• 11 April 2022 5:50 pm

  US Equities Expect More Bearish Tone Again

  

  S&P 500 remains under pressure with daily MACD momentum threatening to turn lower. Key remains a cluster of supports including the 63-day average and 38.2% retracement of the February/March rally at 4455/38, below which can see a more bearish tone emerge again, economists at Credit Suisse report.Break above 4520/25 needed …

  Read More »
• 11 April 2022 5:21 pm

  Turkey to raise level of forex revenues exporters must sell to CBRT to 50%

  

  Turkey is reportedly considering raising the level of forex revenues that exporters must sell to the CBRT to as high as 50% from the current level of 25%, reported Reuters citing sources.Turkey’s current account balance registered a $5.15 billion deficit in February, widening $2.71 billion year-over-year, according to official data …

  Read More »
• 11 April 2022 4:54 pm

  Oil below $100 due to withdrawals and fears of a closure in China

  

  Oil prices fell by four dollars a barrel on Monday, falling below $100 a barrel, after countries announced plans to withdraw record amounts of crude and oil products from their strategic stocks and with continued shutdowns in China. Brent crude fell $3.93, or 3.8 percent, to $98.58 a barrel by …

  Read More »
• 11 April 2022 4:16 pm

  Palladium jumps 5% on supply concerns, inflation risks lift gold prices

  

  On Monday, palladium prices jumped 5 percent to their highest level in more than two weeks, driven by supply concerns after trading of the metal was suspended from Russia, while gold prices increased due to inflation tension caused by the war in Ukraine. Palladium rose 4.5 percent to $ 2534.40 …

  Read More »