Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 23 April 2022 1:44 am

  Market Drivers – US Session – Friday 22 April

  

  Total assets on the Fed’s weekly balance sheet as of April 20, released this afternoon, declined to $8.955 trillion, roughly the same as on March 16 and below the levels of March 23 and April 13. Beyond the week-to-week ups and downs, caused by the peculiarities of Mortgage Backed Securities …

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• 23 April 2022 1:31 am

  US Rig Count Higher As Oil Rally Halts

  

  The number of total active drilling rigs in the United States rose by 2 this week, after an increase of 4 rigs in the week prior, according to new data from Baker Hughes published on Friday.The total rig count increased to 695 this week—257 rigs higher than the rig count …

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• 23 April 2022 12:35 am

  USD/CAD Toward biggest One-Day Gain Since Nov.

  

  The USD/CAD pair rallied roughly 140 pips on Friday to hit its highest level in over one month above the 1.2700 mark. That marks the largest one-day percentage gain since November. The pair rallied as a function of risk-off flows, with recent BoC hawkishness and strong data failing to support …

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• 23 April 2022 12:28 am

  Oil slips, posts nearly 5% weekly loss on growth concerns

  

  Oil slipped on Friday, posting a weekly loss of nearly 5%, on the prospect of weaker global growth, higher interest rates and COVID-19 lockdowns in China hurting demand even as the European Union considers a ban on Russian oil that would tighten supply.Brent crude settled down $1.68, or 1.6%, at …

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• 23 April 2022 12:19 am

  Fed’s Assets Retreat To Level Of 5 Weeks Ago

  

  Total assets on the Fed’s weekly balance sheet as of April 20, released this afternoon, declined to $8.955 trillion, roughly the same as on March 16 and below the levels of March 23 and April 13. Beyond the week-to-week ups and downs, caused by the peculiarities of Mortgage Backed Securities …

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• 23 April 2022 12:10 am

  Mester: Fed moves to tighter financial conditions

  

  Cleveland Fed President and FOMC member Lorreta Mester, speaking in an interview on CNBC, said on Friday that the Fed wants to see tighter financial conditions, though not all at once. “We are in a recalibration phase for monetary policy,” she said, adding that the Fed’s goal is to bring …

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• 22 April 2022 11:53 pm

  What Wall Street Expects From French Elections

  

  French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent President Emmanuel Macron and rival Marine Le Pen.Centrist Macron was seen taking the lead against his far-right opponent in the final day of campaigning, taking a 57.5% …

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• 22 April 2022 10:55 pm

  Why does Yellen Ponder lower US tariffs on Chinese goods?

  

  US Treasury Secretary Janet Yellen said on Friday that it is worth considering steps to lower US tariffs on Chinese goods in order to ease inflation, and that there would be some “desirable effects” of lowering tariffs. Speaking in a CNBC interview earlier in the day, Yellen stated on Friday …

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• 22 April 2022 10:28 pm

  Canada Sees Positive signs for consumer spending in February, March

  

  Data released in Canada on Friday showed a better-than-expected reading on February retail sales. Analysts point out that retail sales volumes held their own in February and March, despite the headwinds to goods spending of mounting inflationary pressure and reopening service industries. The 0.1% gain in February was a little …

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• 22 April 2022 6:43 pm

  Slowdown warnings flash for UK economy as inflation surges

  

  The UK economy is heading for a slowdown, or possibly even a recession, as consumers and businesses are hit by the leap in inflation, higher taxes, rising interest rates and uncertainty caused by the war in Ukraine.Bank of England Governor Andrew Bailey said on Thursday the BoE was walking a …

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• 22 April 2022 6:33 pm

  WTI trades around $100 as traders trapped by slowdowns, supply concerns

  

  WTI trades a few dollars lower on Friday but is within recent intra-day ranges in the low $100s. Amid a lack of fresh developments, oil traders are mulling various oil market-relevant themes.Crude oil prices continue to trade in uneventful fashion, with front-month WTI futures stuck within their intra-day ranges of …

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• 22 April 2022 6:17 pm

  US Flash Markit Manufacturing PMI rises to 59.7 in April versus 58.2 expected

  

  Manufacturing PMI was a little stronger than expected, but Services PMI was much weaker than expected. The Dollar Index (DXY) did not react to the latest PMI data release. IHS Markit’s headline Manufacturing PMI rose to 59.7 in April from 58.8 in March, above expectations for a slight decline to …

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• 22 April 2022 4:51 pm

  Canada: Retail Sales rise by 0.1% in March

  

  Headline Retail Sales in Canada rose by 0.1% MoM in March, according to the latest figures released by Statistic Canada on Friday, above expectations for a 0.4% MoM decline. March’s 0.1% growth rate marked a substantial slowdown from February’s strong 3.3% MoM growth rate, which was revised a tad higher …

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