Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 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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• 27 April 2022 2:16 am

  Microsoft earnings beat across the board

  

  Microsoft shares fell 1% in extended trading on Tuesday even though the software maker issued fiscal third-quarter earnings that exceeded analysts’ expectations.Microsoft beat expectations on the top and bottom lines. The company announced plans in the quarter to buy Activision Blizzard for almost $69 billion. Microsoft also beat EPS and …

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• 27 April 2022 12:28 am

  Alphabet results miss on earnings and revenues

  

  Alphabet reported weaker-than-expected earnings and revenue for the first quarter on Tuesday. The stock slid more than 5% in extended trading. The company reported $54.66 billion in advertising revenue for the quarter.The results refer to earnings of $24.62 per share, versus $25.91 expected. Revenue reading is $68.01 billion, versus $68.11 …

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• 26 April 2022 11:56 pm

  Gazprom to suspend Russia’s gas supplies through Bulgaria as of Wednesday

  

  Russian state-owned gas supplier Gazprom is to halt supplies going through Bulgaria and Poland into Europe as of Wednesday 27 April, Bloomberg reported on Tuesday, citing the Bulgarian Energy Ministry. This is a remarkable and major escalation in the standoff between Moscow and European nations over energy supplies and the …

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• 26 April 2022 11:41 pm

  AUD/JPY probes monthly lows As Risk-off Accelerates

  

  AUD/JPY hit fresh monthly lows beneath the 91.00 level on Tuesday, the pair heavily weighed amid as a steep sell-off engulfed global equity markets with investors fretting about everything from China lockdown risk, economic and military tensions with Russia amid the ongoing Russo-Ukraine war, a worsening global growth outlook and …

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• 26 April 2022 10:52 pm

  GBP/USD Breaks 1.26 As Risk-off Tensions Accelerate

  

  The GBP/USD pair has dumped on Tuesday in widespread risk-off, breaking below 1.26 the figure in a fresh bear-cycle low for 2022. A number of risk-off factors are being built into the price, from lower growth forecasts for the global economy, China’s covid spread and the contagion risks associated with …

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• 26 April 2022 10:27 pm

  US Equities Retreat As Investors Fret On Several Concerns

  

  China lockdowns, Russo-Ukraine war/Russo-Western tensions, growth concerns and expectations for central bank tightening have all been cited as hurting sentiment.Aside from strength in energy stocks amid a rebound in oil prices, US equity markets were a sea of red on Tuesday, with the major indices led lower most notably by …

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