Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 6 April 2022 5:47 pm

  Global Bond Selloff Deepens as Fed Steps Up Q Tightening Language

  

  This year’s unprecedented global bond rout accelerated after US Fed’s Lael Brainard said the US central bank will likely step up policy tightening by swiftly reducing its massive debt holdings.The prospect of aggressive Fed action drove the yield on benchmark 10-year Treasuries up five basis points to 2.60%, propelling it …

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• 6 April 2022 5:34 pm

  EUR/USD Testing 2022 Low

  

  The EUR/USD pair regains the 1.0900 barrier and beyond after bottoming out in the 1.0870 region on Wednesday.Considering the ongoing price action, further decline remains expected for the pair in the short-term horizon. Against that, a drop below the so far weekly low at 1.0875 (April 6) should put a …

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• 6 April 2022 5:28 pm

  WTI Still Choppy As Traders Monitor Geopolitical Factors

  

  WTI continues to trade choppy and within recent ranges above $100 as traders weigh geopolitics and oil reserve releases. At current levels in the $103.00 area, WTI is higher by just under $2.0 on the day. Technicals are playing an important role at present, with the 50-Day Moving Average just …

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• 6 April 2022 4:00 pm

  US stocks extend losses for the second day

  

  US stock index futures continued to decline for the second day in a row, as US stock indices declined significantly ahead of Wednesday’s trading session, affected by the latest negative escalations in the ongoing conflict between Russia and Ukraine. Where the futures contracts for the Dow Jones decreased to 34,411.00 …

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• 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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