Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 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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• 27 April 2022 12:03 pm

  Japan’s Nikkei closes at its lowest level in two weeks

  

  Japan’s Nikkei closed at its lowest level in two weeks on Wednesday, tracking Wall Street’s drop overnight, on fears of a global economic slowdown and the impact of the COVID-19 shutdown in China on domestic corporate results. The Nikkei index fell by 1.17 percent to close at 26,386.63 points, its …

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• 27 April 2022 5:06 am

  Currencies Overview: The Japanese Yen is The Biggest Loser

  The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …

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• 27 April 2022 4:53 am

  Market Drivers – US Session – 26 April

  

  Forex trade was again dominated by risk-off on Tuesday, with the safe-haven yen and US dollar’s outperforming, as US equities cratered. Investors and traders cited everything from economic and military tensions between Russia and the NATO to China lockdown risk and worsening global growth expectations in addition to the anticipated …

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• 27 April 2022 4:30 am

  USD/CAD Eyeing Exhaustion Level As Oil Rebounds

  

  The USD/CAD pair is witnessing some signs of exhaustion after a bulldoze upside move from the previous week’s low at 1.2458. The asset has been scaling higher as negative market sentiment has been underpinning the safe-haven assets. While exhaustion signals at monthly highs of 1.2830 could be tagged to a …

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• 27 April 2022 3:25 am

  US Senate confirms Lael Brainard as Fed’s next vice chair

  

  Federal Reserve Governor Lael Brainard won confirmation in the US Senate on Tuesday to be the US central bank’s next vice chair, a week ahead of a key Fed meeting where policymakers are expected to ramp up their battle against inflation with a big interest-rate hike and the start of …

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• 27 April 2022 3:17 am

  USD/CHF soars closer to two-year-highs

  

  The USD/CHF pair has rallied for the third consecutive day and reached a 21-month high at 0.9626. However, as the Asian Pacific session begins, on Tuesday, the USD/CHF print modest losses of 0.06%, down from YTD highs, and is trading in the high 0.9610s.The market mood soared on the back …

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• 27 April 2022 3:07 am

  Oil Rebounds On China’s Plan To Support Economy

  

  Oil prices settled higher on Tuesday, rebounding in volatile trading environment as traders and investors weighed China’s plans to support its economy against a possible coronavirus lockdown in its capital Beijing.Brent crude futures settled up $2.67, or 2.6%, at $104.99 a barrel, while US West Texas Intermediate contracts were up …

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• 27 April 2022 2:36 am

  BoC’s Lane: private sector plays major role in making digital CAD flourish

  

  A digital currency sanctioned by the Bank of Canada would likely come in a basic format and rely on private sector innovation to add capabilities, the central bank official overseeing research into a potential digital Canadian dollar told a U.K. cryptocurrency conference on Tuesday.BoC Deputy Governor Timothy Lane shared his …

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• 27 April 2022 2:24 am

  Gold price slides below $1,900 As USD Strengthens, US GDP Awaited

  

  Gold price was wavering in a minor range of $1,891.56-1,911.31 since Monday after an intense selloff had continued from Friday’s high at $1,955.71. The gold price is now stabilizing currently in a concise range but price action is favoring an extreme imbalance on the downside amid the rising US dollar …

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