Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 18 April 2022 2:16 pm

  The ruble is rising against the dollar

  

  The ruble swung around the 80 level against the dollar on Monday, while stock indices slipped slightly as the market lacked fresh momentum and monitored developments around what Russia calls a “special military operation” in Ukraine. The Ukrainian Foreign Minister said that there had been no diplomatic contact between Russia …

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• 18 April 2022 12:33 pm

  Oil prices rise on supply concerns as the Ukraine crisis deepens

  

  Oil prices rose to their highest level in nearly three weeks on Monday, as fears of a global supply tightness intensified as the crisis in Ukraine deepened, raising the prospect of tougher Western sanctions against Russia, the world’s largest crude exporter. Brent crude futures rose 1.09, or 1.0 percent, to …

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• 18 April 2022 11:55 am

  China’s GDP expands 4.8% YoY in Q1

  

  China’s annualized GDP figures for the first quarter of 2022 arrived at % vs. 4.4% expected and 4.0% previous, with the QoQ reading coming in at 1.3% vs. 0.6% expected and 1.5% previous. With regard to Retail Sales YoY for March, the number was -3.5% vs. -1.6% expected and 6.7% …

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• 18 April 2022 11:30 am

  Gold prices rise to the highest level in more than a month

  

  Gold prices rose on Monday to touch their best level since mid-March after the Russian-Ukrainian crisis pushed investors to safe haven. And the price of gold in spot transactions rose 0.5 percent to $ 1984.20 an ounce its highest level since March 14. And US gold futures rose 0.8 percent …

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• 18 April 2022 6:56 am

  Weekly Recap – 11-15 April

  

  The euro plunged to a two-year low against the dollar on Thursday, as comments by European Central Bank President Christine Lagarde were taken as a sign that the bank will not be in a rush to raise interest rates. The euro fell to $1.0758, its lowest since April 2020. Lagarde …

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• 16 April 2022 2:23 am

  Market Drivers – US Session – 15 April

  

  US stock markets were closed for Good Friday and other holidays, while Asian indexes fell. US indexes finished the trading week with declines as investors worried about persistent inflation, prospects of economic slowdown. In addition to US stock markets, bond and commodities markets were also closed Friday. Economic DataFriday witnessed …

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• 16 April 2022 1:43 am

  Bank Earnings Signal Dark Clouds Ahead

  

  Wall Street’s biggest players have had a rough start to the year. All the biggest US banks saw negative profits in the first three months of 2022, ending a pandemic-era boom.Citi, Goldman Sachs, Morgan Stanley and Wells Fargo all announced large year-over-year profit declines in their first-quarter earnings reports Thursday, …

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• 16 April 2022 1:17 am

  China-EU commercial ties too hard to break despite Ukraine war

  

  China surpassed the United States to become the European Union’s (EU) largest trading partner in 2020-21 thanks to strong demand during the pandemic. Despite EU frustrations with Beijing over its stance on the Ukraine war, trade ties will be hard to break, regardless of attempts by EU policymakers to diversify …

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• 16 April 2022 1:03 am

  Russian economy to crash as sanctions get intensified

  

  The Russian economy is poised to collapse this year after the U.S. and its European allies hit the Kremlin with a slew of crippling financial penalties over its unprovoked invasion of Ukraine. Russian manufacturing activity plunged in March, contracting at the sharpest pace since May 2020 as businesses confronted a …

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• 15 April 2022 11:16 pm

  Bitcoin Regains $40K As Sentiment Turns to Extreme Fear

  

  Crypto markets continued a second day of slide on Friday as bitcoin hovered above pivotal support at $40,000 in European hours, data show.Bitcoin bounced to $40,100 early Friday, after losing 2.9% Thursday. Some analysts are still bullish on the future prices of the world’s largest cryptocurrency. Bitcoin is trading near …

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• 15 April 2022 10:46 pm

  EU To Draft Embargo On Russian Oil

  

  The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats.The embargo will most likely be introduced in a gradual way, similar to the planned Russian coal …

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• 15 April 2022 10:40 pm

  China Suffers From Slow Economic Growth

  

  The size of China’s economy was $17.7 trillion in 2021, according to official figures, so 5.5 percent growth would mean about $1 trillion more in 2022. Using growth in 2019 as a basis for comparison, business investment in China would need to contribute about 1.5 percentage points toward the 5.5 …

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• 15 April 2022 10:12 pm

  GBP/USD to finish the week Lower Amid Stronger US Dollar’s Performance

  

  The GBP/USD pair is gaining up some 0.18% in the week amidst a thin liquidity trading session. A buoyant US dollar and risk-aversion weighed on the British pound in the week. GBP/USD Price Forecast: To remain downward biased but a double bottom looms.The British pound remains defensive, trading below the …

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