Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 19 April 2022 10:00 pm

  USD/JPY: Pressure on the yen to wear off as the US curve inverts

  

  The Bank of Japan will face increasing political pressure if the Japanese yen slides further, say analysts from Danske Bank. They forecast the USD/JPY pair at 126 in one month, 125 in three months, 123 in six months and 119 in a year. Key Quotes: “Bank of Japan has fiercely …

  Read More »
• 19 April 2022 9:52 pm

  USD/CAD Struggles Amid Firm US Dollar

  

  The USD/CAD trims Monday’s losses and stages a comeback, soaring in the North American session above the 1.2600 mark, approaching the 50-day moving average (DMA) at 1.2651. The USD/CAD is trading at 1.2625.Market sentiment and hawkish Fed lifted the USD/CAD above 1.2600. The market sentiment remains mixed. European equities are …

  Read More »
• 19 April 2022 7:10 pm

  Canadian CPI Preview: Forecasts from five major banks, inflation to breach 6%

  

  Statistics Canada will release March Consumer Price Index (CPI) data on Wednesday, April 20 at 12:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of five major banks regarding the upcoming Canadian inflation data. The March Canada inflation rate is …

  Read More »
• 19 April 2022 6:19 pm

  Gold slides to multi-day low, eyes $1,950 amid stronger USD

  

  Gold extended the previous day’s retracement slide from the vicinity of the $2,000 psychological mark and witnessed some selling on Tuesday. The intraday downfall picked up pace during the early North American session and dragged spot prices to a four-day low, around the $1,957 region in the last hour. The …

  Read More »
• 19 April 2022 5:11 pm

  US: Housing starts rise by 0.3% in March, Building Permits rise by 0.4%

  

  Housing Starts rose by 0.3% in March, taking the rolling 12-month number of starts to 1.793M, above expectations for a drop to 1.745M from 1.788M in February, data released by the US Census Bureau on Tuesday showed. Meanwhile, Building Permits rose by 0.4%, taking the rolling 12-month number of permits …

  Read More »
• 19 April 2022 2:43 pm

  The dollar stabilizes after hitting a 20-year high against the yen

  

  On Tuesday, the dollar rose to a 20-year high against the Japanese yen, and touched a two-year peak against the euro, boosted by rising US Treasury yields. The dollar index, which measures the performance of the US currency against six other currencies, rose to exceed 101 for the first time …

  Read More »
• 19 April 2022 1:37 pm

  European stocks fall on the Ukraine crisis

  

  European shares are set to record their worst daily performance in nearly two weeks on Tuesday, as investors jittery over the war in Ukraine, expectations of a US Federal Reserve monetary policy tightening and mixed business results. The pan-European Stoxx 600 index fell 1 percent, after falling 0.9 percent last …

  Read More »
• 19 April 2022 12:59 pm

  OPEC+ supply gap widens in March as sanctions hit Russia’s production

  

  A report from the OPEC + group seen by Reuters showed that the production of the alliance of oil producers was less than production targets in March by 1.45 million barrels per day, with the beginning of a decline in Russia’s production after the sanctions imposed by the West. The …

  Read More »
• 19 April 2022 12:37 pm

  Gold is falling with the rise of the dollar

  

  Gold prices fell on Tuesday as the dollar rose on expectations that prices may in the near term retest the resilience of the yellow metal at the key level of $2000 an ounce. Spot gold fell 0.2 percent to 1975.36 dollars an ounce, and US gold futures fell 0.4 percent …

  Read More »
• 19 April 2022 11:45 am

  Nikkei rises but fails to exceed 27,000

  

  Japan’s Nikkei rose on Tuesday, but was unable to close above the psychologically important 27,000 point level, as concerns over the upcoming earnings season, a weaker yen and the outlook for US monetary policy limited its gains. The Nikkei closed up 0.69 percent to 26,985.09 points, after it swung in …

  Read More »
• 19 April 2022 3:59 am

  Market Drivers – US Session – 18 April

  

  Major European markets were closed on Monday with generally quite subdued trading conditions for most of the day. Flows were picking up somewhat during US trade. Nonetheless, the US dollar traded firmly across the board against its major G10 counterparts and the Dollar Index (DXY) hit its highest level since …

  Read More »
• 19 April 2022 2:30 am

  Bullard: US Inflation could get out of control if we don’t act quickly

  

  US inflation is “far too high,” according to Fed member James Bullard’s statements on Monday. Bullard offered further insight on the outlook for Fed’s monetary policy. Bullard is one of the bank’s most hawkish and has called for interest rates to reach 3.0% this year. Bullard repeated his case for …

  Read More »
• 19 April 2022 1:51 am

  US Stocks Wavering In Thin Trade As Long-End Bonds Fall

  

  US stocks ended little changed in remarkably thin trading Monday and Treasuries ticked lower at the long-end of the curve as investors focused on corporate results and prospects for faster policy tightening by the US central bank.The S&P 500 closed down less than 0.1%, after swinging between narrow gains and …

  Read More »