Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 26 April 2022 6:55 pm

  U.S. core capital goods orders rebound strongly; shipments moderate

  

  New orders for U.S.-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter with strong momentum, though part of the increase reflected higher prices. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 1.0% …

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• 26 April 2022 6:14 pm

  US durable goods orders inch up 0.8% in March

  

  Orders at US factories for long-lasting goods rebounded in March after the first decline in a year, as manufacturers confronted a worsening supply chain crisis that continued to weigh on business investment.Bookings for all durable goods – products that are intended to last at least three years – rose 0.8% …

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• 26 April 2022 6:01 pm

  S&P/Case-Shiller Home Price Index Surges in February above expectations

  

  According to the latest headline S&P/Case-Shiller Home Price Index released by Standard & Poors (S&P), home prices were up 20.2% YoY in February, above expectations for a 19% gain and up from January’s YoY gain of 19.2%. The headline index showed that house prices gained 2.4% MoM in February, above …

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• 26 April 2022 5:53 pm

  EUR/USD declines to 2020 lows after dipping back under 1.0700

  

  After dropping under 1.0700 during the Asian session, EUR/USD continues to press lower towards its 2020 lows in the 1.0630s. The pair continues to suffer as a result of expectations for Fed/ECB policy divergence, as well as Russo-Ukraine war risks.After dipping back under the 1.0700 level during Asia Pacific trading …

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• 26 April 2022 4:47 pm

  The dollar hits a two-year peak on growth concerns and the expectation of a rate hike

  

  The dollar rose to a two-year high on Tuesday while the euro fell to its lowest level since March 2020, as concerns about the economic impact of China’s anti-Covid-19 lockdowns and expectations of a US interest rate hike supported the greenback. The dollar index, which measures the performance of the …

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• 26 April 2022 3:04 pm

  Gold rises supported by concerns about growth and inflation

  

  Gold prices rose on Tuesday as investors sought safe assets amid concerns about global growth and rising inflation, but bets on sharp US interest rate hikes kept the yellow metal close to its four-week low hit in the previous session. Spot gold rose 0.3 percent to $1,903.70 an ounce by …

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• 26 April 2022 1:43 pm

  Oil prices stabilize after a sharp decline

  

  Oil prices stabilized on Tuesday, after a sharp 4 percent drop in the previous session, after concerns about fuel demand in China were allayed by the central bank’s pledge to support the economy affected by Covid-19 restrictions. Brent crude futures rose 59 cents, or 0.58 percent, to $102.91 a barrel, …

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• 26 April 2022 12:35 pm

  European shares rise on earnings support

  

  European shares breathed a sigh of relief on Tuesday as earnings from companies such as UBS and Maersk boosted sentiment after a sell-off in shares in the previous session, driven by concerns about global growth. The pan-European Stoxx 600 index rose 0.6 percent, after falling nearly 2 percent on Monday, …

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• 26 April 2022 11:59 am

  Japanese stocks follow Wall Street gains, fears about China limit the rally

  

  Japanese shares closed higher on Tuesday, tracking Wall Street gains Monday night, but concerns about the impact of China’s anti-Covid-19 lockdowns on local companies curbed their rally. The Nikkei index rose 0.41 percent to close at 26,700.11 points. The broader Topix index rose 0.11 percent to 1,878.51 points, after falling …

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• 26 April 2022 4:34 am

  Market Drivers – US Session – 25 April

  

  US equities were able to impressively recover in the latter hours of US session. The dominant force in currency markets on Monday remained risk-off, with traders citing China lockdown concerns as the major driver. Amid a sharp pullback in global bond yields as traders reassessed global growth prospects amid the …

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• 26 April 2022 3:22 am

  Nasdaq Futures Slightly Lower Ahead Of Big Tech Earnings

  

  Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little changed.In regular trading Monday, the Nasdaq Composite jumped 1.3%. The Dow …

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• 26 April 2022 1:55 am

  US trucking downturn foreshadows possible economic gloom

  

  There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs – known as the spot market – are skidding.It basically just dropped off a cliff. A lot …

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• 26 April 2022 12:31 am

  Panetta: ECB needs ‘coordinated regulatory action’ on crypto

  

  European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks.In a written statement for a speech to Columbia University on Monday, Panetta said global policymakers had made some progress in addressing regulatory frameworks on digital assets, but …

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