Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 8 April 2022 7:01 pm

  Tesla rallies on Cybertruck news despite China recall

  

  Tesla (TSLA) stock gained over 1% in a combination of broad market recovery and follow-on from some strong delivery data last weekend. Tesla however remains on watch for further losses as it has failed to break the previous high and remains in a medium-term downtrend from a technical perspective.Elon Musk …

  Read More »
• 8 April 2022 6:32 pm

  WTI expected to close in red territory for second successive week

  

  The WTI crude oil is expected to end lower for a second successive week. Meanwhile, traders digest this week’s IEA reserve release announcements.The WTI crude oil currently trades a little bit lower on the day around $96.00 after hitting March lows on Thursday. Technical selling after breaking below a long-term …

  Read More »
• 8 April 2022 5:45 pm

  Could US Fight Against Inflation Spark Debt Crisis Abroad?

  

  On 16 March, Jerome Powell, the chair of the US Federal Reserve, announced that the central bank would hike interest rates to 0.25 percent. It was likely just the first in a sequence of rate increases designed to tame stubbornly high inflation. Since the start of the year, the Fed …

  Read More »
• 8 April 2022 5:24 pm

  GBP/USD Moving Lower, Looking For A Break

  

  The GBP/USD pair has continued moving lower. Economists at Credit Suisse stay bearish and look for a break below 1.30 to open up a fall to 1.2855/29. Resistance has been seen at 1.3168/84Economists now look for an imminent break below 1.3013/00, which would reassert the core downtrend, especially if daily …

  Read More »
• 8 April 2022 5:09 pm

  Canadian Economy adds 72.5K jobs in March

  

  The Canadian economy added 72,500 jobs in March, a tad below the median economist forecast for 80,000 jobs to have been added on the month, a report released by Statistics Canada on Friday showed. That marked a significant deceleration in the pace of job gains versus February when 336,600 jobs …

  Read More »
• 8 April 2022 4:29 pm

  Gold is confined to a limited range amid expectations of a US rate hike

  

  Gold traded in a limited range on Friday due to expectations of a large US interest rate hike, concern over rising inflation, and the economic fallout from the Ukraine crisis. And the price of gold settled in spot transactions at 1931.53 dollars an ounce by 0858 GMT, but it recorded …

  Read More »
• 8 April 2022 3:32 pm

  European shares are heading for a weekly gain after a strong start to trading on Friday

  

  European shares jumped 1.2 percent in early trading on Friday, erasing losses this week, as investors awaited the first round of the French presidential election early next week, as the victory of incumbent President Emmanuel Macron is no longer a given. Financial and auto stocks led the gains, while all …

  Read More »
• 8 April 2022 3:30 pm

  Oil prices are heading for a weekly decline due to the release of reserves

  

  Oil prices rose on Friday but were still on track for a second weekly decline in a row after countries announced plans to release crude from their strategic stocks. Brent crude futures rose 71 cents, or 0.7 percent, to $101.29 a barrel by 1056 GMT. US West Texas Intermediate crude …

  Read More »
• 8 April 2022 1:37 pm

  The dollar index touches the 100-point level for the first time in two years

  

  The dollar index rose to 100 points for the first time in nearly two years on Friday, boosted by prospects of an acceleration in US interest rates. The dollar rose against a basket of rival currencies over the past month, especially against the euro, which has come under pressure due …

  Read More »
• 8 April 2022 1:19 pm

  European shares are heading for a weekly gain

  

  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 »
• 8 April 2022 12:50 pm

  Ukrainian Prime Minister: This year’s grain harvest will decrease 20% year on year

  

  Ukrainian Prime Minister Denis Shmyhal said on Friday that this year’s grain harvest is likely to be 20 percent below its level last year due to the shrinkage of the cultivated area after the Russian invasion. He said there is a shortage of fuel for farmers, but Ukraine knows how …

  Read More »
• 8 April 2022 12:31 pm

  Nikkei records worst weekly performance in a month

  

  Japan’s Nikkei index recorded its worst weekly performance in almost a month on concerns about the impact of the Federal Reserve’s tightening of its monetary policies, the conflict in Ukraine, and the closure measures in China. The Nikkei index lost 2.46 percent this week, its worst performance since the week …

  Read More »
• 8 April 2022 3:35 am

  Market Drivers – US Session – 7 April

  

  The market’s sentiment continued cautious as traders’ focus shifted to central banks’ hawkish rhetoric and tensions between the US allies and Russia. The US widened its actions against Moscow, hitting Russian Sberbank and Alfa Bank. Investment in Russia by American companies is banned. The EU is backing a Russian coal …

  Read More »