Open Demo Account

Market Analysis

April, 2022

  • 7 April 2022 10:56 pm

    Gold Price’s Breakout Is Looming

    The gold price is stuck within familiar ranges, bouncing around between a daily resistance and support channel. However, like a coil, the build-up of energy and maintained force could be about to set off an almighty breakout, one way or the other. The Gold Index, XAU/USD, is trading at $1,934.09, …

    Read More »
  • 7 April 2022 10:06 pm

    EUR/USD Flat Despite Hawkish ECB Minutes

    The Euro is almost flat in the North American session after reaching a daily high at 1.0938, courtesy of hawkish than expected European Central Bank (ECB) March meeting minutes, despite broad risk aversion in the market. Nevertheless, of late, the EUR/USD dipped below the 1.0900 mark and is trading at …

    Read More »
  • 7 April 2022 7:20 pm

    Bullard: Would like to see Fed funds rate hit 3.5% in H2 2022

    St Louis Fed President James Bullard on Thursday said that he would like to see the Federal Funds rate hit 3.5% in the second half of 2022, reported Reuters. Bullard said he would “lean into” a 50 bps rate hike at the May meeting, though he is watching the data. …

    Read More »
  • 7 April 2022 6:10 pm

    Despite Sanctions, China Buys Russian Energy With Yuan

    Russian oil and coal purchased in yuan will arrive in China soon. China and Russia are attempting to maintain energy trade even while other nations cut off Russian imports. In May, the first cargoes of Russian oil purchased in yuan will arrive at refiners in China. China is buying Russian …

    Read More »
  • 7 April 2022 5:43 pm

    US Shares Under Pressure As Risks Turned Back Lower

    The S&P 500 Index has come under pressure over the past couple of sessions, however key support at 4455/50 is still holding for now. Only a break below the current level would turn the short-term risks back lower in the range, according to analysts at Credit Suisse.S&P 500 is holding …

    Read More »
  • 7 April 2022 5:13 pm

    US Weekly Initial Jobless Claims Decline Below Expectations

    There were 166,000 Initial Jobless Claims in the US in the week ending on 2 April, the latest release from the US Department of Labour on Thursday showed, a record low.That was well below the median economist forecast for a reading of 200,000 and a steep drop from the prior …

    Read More »
  • 7 April 2022 4:49 pm

    The dollar is heading to a two-year summit after the minutes of the Federal Reserve meeting

    The dollar is set to hit a two-year high against a basket of major currencies on Thursday after the Federal Reserve’s meeting minutes revealed that the US central bank was preparing to act aggressively to combat inflation, while commodity-linked currencies fell. The euro remained near a one-month low of less …

    Read More »
  • 7 April 2022 3:24 pm

    Kyodo: Japan will withdraw 15 million barrels of oil reserves

    Japan will withdraw 15 million barrels of state and private oil reserves as part of the second round of a coordinated withdrawal process led by the International Energy Agency, Kyodo News Agency said on Thursday. Kyodo said the move would mark Japan’s largest-ever contribution to the process led by the …

    Read More »
  • 7 April 2022 2:50 pm

    Eurozone Retail Sales rose by 5% YoY in February

    Retail Sales

    Eurozone’s Retail Sales rose by 0.3% MoM in February versus 0.6% expected and 0.2% last, the official figures released by Eurostat showed on Thursday. On an annualized basis, the bloc’s Retail Sales came in at 5% in February versus 8.4% recorded in January and 4.8% estimated.

    Read More »
  • 7 April 2022 2:21 pm

    European shares rise with the support of the healthcare sector

    European Stocks

    The healthcare sector helped European shares on Thursday recovered from a session that saw their worst performance in a month, even as investors remained wary of the Fed’s tightening minutes and Washington’s new sanctions against Russia. The pan-European Stoxx 600 index rose 0.5%, after losing 1.5% in the previous session. …

    Read More »
  • 7 April 2022 1:32 pm

    Gold Loses Luster as Dollar And Bond Yields Rise

    Gold prices fell on Thursday as the dollar and bond yields rose after the US Federal Reserve reiterated its commitment to tightening monetary policy to tackle inflation, while uncertainty over the conflict in Ukraine limited bullion losses. And the price of gold fell in spot transactions by 0.2 percent to …

    Read More »
  • 7 April 2022 1:24 pm

    Japan’s Nikkei Hits a 3-Week Low Because of The Fed And China

    Japan

    Japan’s Nikkei fell on Thursday to a three-week low as investors worried about expectations of faster monetary policy tightening in the United States, the war in Ukraine, and COVID-19-related lockdown measures in China. The Nikkei fell 1.69 percent, the biggest decline since March 11, to close at 26,888.57 points, the …

    Read More »
  • 7 April 2022 12:25 pm

    Oil rises from 3-week low as fears of tight supplies persist

    Oil futures rose on Thursday from a three-week low touched in the previous session after major consuming countries said they would release large amounts of oil reserves, while fears of tight supply still dominate market expectations. Brent contracts rose $1.48, or 1.5 percent, to $102.55 a barrel. And US crude …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends