Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 6 April 2022 3:50 pm

  The Kremlin: Russia has all the resources to repay its debts

  

  The Russian Kremlin said that its country could default on its debt performance in theory, but this would be an artificial situation after the Ministry of Finance decided to make payments on sovereign Eurobonds in Russian rubles. The Kremlin spokesman said there are no real reasons for default, adding that …

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• 6 April 2022 3:14 pm

  Rising interest rates reduce mortgage demand in America by more than 40% year on year

  

  US mortgage applications fell more than 6% last week compared to the previous week, according to the seasonally adjusted Mortgage Bankers Association index, with interest rates hiked by the US Federal Reserve. The trading volume is down about 40% compared to the same week a year ago. Higher interest rates …

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• 6 April 2022 2:40 pm

  Standard & Poor’s: Global sovereign bond sales exceeded $10 trillion in 2022

  

  Credit rating agency Standard & Poor’s Global said in a report that global sovereign borrowing will reach $10.4 trillion in 2022, about a third more than the average before the coronavirus pandemic.

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• 6 April 2022 2:20 pm

  Oil rises amid expected new sanctions against Russia

  

  Oil futures rose on Wednesday to recoup losses early in the session as supply concerns increased after new sanctions against Russia were threatened, outweighing concerns of weak demand after an increase in US crude stocks and the extension of the general closure in China’s Shanghai. Brent crude futures rose 49 …

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• 6 April 2022 1:46 pm

  Sanctions fears weigh on European stocks

  

  European shares retreated from more than six-week highs on Wednesday as the United States and its allies are likely to further isolate Russia’s economy with more sanctions, boosting global inflation. The pan-European STOXX 600 index fell 0.3 percent, joining Wall Street and Asia markets, as concerns about a tightening from …

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• 6 April 2022 12:55 pm

  German Factory Orders miss estimates

  

  The German Factory Orders declined more than expected in February, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is in the doldrums. Contracts for goods ‘Made in Germany’ dropped by 2.2% on the month vs. -0.2% expected and 1.8% last, the latest data published by the …

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• 6 April 2022 12:30 pm

  Nikkei index records biggest decline in 4 weeks

  

  Japan’s Nikkei index posted its biggest decline in nearly four weeks on Wednesday, tracking Wall Street as hawkish comments from US Federal Reserve officials raised the prospect of a further interest rate hike and fueled fears of slowing economic growth. The Nikkei lost 1.58 percent to close at 27,350.30 points, …

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• 6 April 2022 3:07 am

  Market Drivers – US Session – 5 April

  

  The US dollar is the most prominent winner on Tuesday, firmly up against all of major rival currencies. Diminishing chances of a diplomatic solution to the Russia-Ukraine conflict and central banks’ aggressiveness were behind the market’s movements during the US trading session.Economic DataUS Institute for Supply Management (ISM) has unfolded …

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• 6 April 2022 2:51 am

  USD Surges On Hawkish Fed Officials’ Comments

  

  The US dollar index has finally turned imbalance after consolidating in a range of 97.68-99.42 over one month. The strength of the dollar as a robust asset amid an aggressive hawkish stance from Fed policymakers has supported the Index to establish above 99.00 and has also exposed it to touch …

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• 6 April 2022 1:01 am

  Red, Green Arrows Across Financial Markets Await Signals By FOMC Minutes

  

  Investors, traders and market participants are eying minutes of the Federal Reserve’s March meeting to find direction as well as to gauge US central bank policymakers’ appetite for a half percentage point increase in interest rates in May. The stock market remains within a specific range for now, which should …

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• 5 April 2022 11:38 pm

  Washington Pushes Moscow To Default By Impeding Debt Payments

  

  Amid a looming new sanctions package, the US Treasury Department’s new move would prohibit Russia from using funds held in American banks to pay debt obligations. The Treasury Department on Monday prohibited Russia from withdrawing funds held in American banks to pay its debt obligations, a major escalation aimed at …

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• 5 April 2022 10:49 pm

  Aggressive Fed Drags US Shares, Tech Shares Lower

  

  Wall Street’s main indexes fell on Tuesday, dragged by weakness in tech and other growth stocks, after comments from Federal Reserve Governor Lael Brainard spooked investors about potential aggressive actions by the central bank to control inflation.The S&P 500 posted 42 new 52-week highs and 6 new lows; the Nasdaq …

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• 5 April 2022 9:39 pm

  Fed’s Daly: Can start balance sheet reduction as early as May meeting

  

  San Francisco Fed President Mary Daly explained that the labour market is extremely tight while the Fed is on a path to raising interest rates. She added inflation is as harmful as not having a job while many of the imbalances we see are covid-related. Key Quotes:”I don’t expect a …

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