Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 13 April 2022 6:05 pm

  Breaking: BoC hikes interest rates by 50 bps to 1.00%

  

  The Bank of Canada announced on Wednesday that it had increased benchmark interest rates by 50 bps to 1.00% from 0.50%, as widely expected by analysts. The central bank also announced plans to begin reducing the size of its balance sheet, also known as Quantitative Tightening (QT), from 25 April, given …

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• 13 April 2022 6:00 pm

  When is the BoC monetary policy decision and how could it affect USD/CAD?

  

  The Bank of Canada (BoC) is scheduled to announce its monetary policy decision this Wednesday at 14:00 GMT. The Canadian central bank is widely expected to hike its benchmark interest rate by 50 bps for the first time since May 2000 and announce quantitative tightening (QT) to control spiralling inflation. …

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• 13 April 2022 5:51 pm

  EUR/USD to further decline on unchanged guidance from the ECB

  

  The EUR/USD pair crawls towards 1.08 with little help coming from the European Central Bank (ECB) tomorrow. Economists at Scotiabank expert the world’s most popular currency pair to sustain further losses on unchanged guidance from the ECB.On the French elections front, early runoff polls show Macron defeating Le Pen. With …

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• 13 April 2022 4:31 pm

  Bitcoin at its lowest level in three weeks

  

  Cryptocurrencies continued to slide to their lowest levels in three weeks, as inflation in the United Kingdom raised persistent concerns about the health of the global economy. Bitcoin rose 0.3% to $40,134, but was still flat above the $40,000 key support level. Ethereum, the closest competitor by market capitalization, gained …

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• 13 April 2022 3:00 pm

  Oil prices rise amid focus on fears of falling supplies

  

  Oil prices rose on Wednesday after Russia said peace talks with Ukraine had reached a dead end, fueling supply concerns, while weak economic data from China and Japan kept gains limited. By 0808 GMT, Brent crude rose 48 cents, or 0.5 percent, to $105.12 a barrel. West Texas Intermediate crude …

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• 13 April 2022 1:30 pm

  European shares fall for a third day, affected by fears of high inflation

  

  European shares fell for the third session in a row on Wednesday, April 13, pressured by fears of rising inflation and its potential impact on the upcoming earnings season, which undermined risk appetite. The pan-European Stoxx6000 index fell 0.2%, retail and technology stocks fell, while the mining sector advanced. And …

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• 13 April 2022 12:59 pm

  Gold is rising as the demand for safe havens increases

  

  Gold prices rose on Wednesday after fears of an escalation of the conflict between Russia and Ukraine boosted demand for safe-havens, including the precious metal, but gains were limited by the rise of the dollar. Spot transactions rose 0.2 percent to $ 1969.76 an ounce, after hitting a one-month high …

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• 13 April 2022 12:30 pm

  Nikkei records biggest increase in 3 weeks after US inflation data

  

  Japan’s Nikkei index closed higher on Wednesday, posting the biggest increase in more than three weeks after the release of US inflation data that came largely in line with analyst expectations. The Nikkei ended the session up 1.93 percent at 26,843.49 points, the largest increase since March 22 and a …

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• 13 April 2022 2:23 am

  Market Drivers – US Session – 12 April

  

  The US dollar shed ground ahead of the release of US inflation figures, later recovering somewhat to close the day unevenly. The dollar is stronger against the shared currency, as EUR/USD trades around 1.0830, not far from the year low at 1.0805.Economic DataThe annual rate of US inflation, as per …

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• 13 April 2022 2:10 am

  EUR/USD Touches Fresh Monthly Lows After CPI Data

  

  The Euro aims to test the YTD low around 1.0806 after dropping below the 1.0900 mark. The US inflation broke the 8% threshold, a level last seen in 1981, which cements a 50 bps rate hike of the Fed at its May meeting.The EUR/USD pair drops to fresh monthly lows …

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• 13 April 2022 2:03 am

  Washington to announce $750 million more in weapons for Ukraine

  

  US President Joe Biden’s administration is expected to announce as soon as Wednesday another $750 million in military assistance for Ukraine for its fight against Russian forces.The equipment would be funded using the Presidential Drawdown Authority, or PDA, in which the president can authorize the transfer of articles and services …

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• 13 April 2022 1:22 am

  Euro’s founding father: ECB is ‘living in a fantasy’ about inflation

  

  Otmar Issing said the European Central Bank’s slow response to inflation posed a risk to growth, in an interview with the FT. So, one of the euro’s founding fathers, he said the ECB had “lived in a fantasy” and downplayed the risk of rising prices.Inflation has surged to record highs …

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• 13 April 2022 1:14 am

  USD/CAD Surges Despite Oil Price Recovery, CPI Data

  

  Oil prices are elevated and yet the CAD struggles in the face of a firm US dollar and fresh cycle highs. At 1.2641, the USD/CAD pair is up 0.13% on the day, little changed although in recovery mode from its weakest level in nearly four weeks. This is despite a …

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