Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 29 April 2022 2:01 pm

  Energy prices are driving inflation in Germany to levels not seen in four decades

  

  German inflation in April reached its highest level in more than four decades, driven by prices of natural gas and mineral oil products that have risen sharply since Russia’s attack on Ukraine. On Thursday, the Federal Statistics Office said consumer prices rose 7.8 percent year on year, up from 7.6 …

  Read More »
• 29 April 2022 1:00 pm

  European shares rise, supported by earnings results at the end of volatile April trading

  

  European shares rose on Friday, supported by strong earnings results and rising mining and technology shares, boosting risk appetite at the end of a volatile month dominated by fears of slowing global growth. By 0711 GMT, the pan-European Stoxx 600 index rose 0.8 percent, trimming its monthly losses to 1.1 …

  Read More »
• 29 April 2022 12:11 pm

  Oil extends gains as supply worries outweigh lockdown measures in China

  

  Oil prices rose for a fourth day on Friday as fears of Russian supply disruptions outweighed the impact of anti-Covid-19 lockdown restrictions in China, the world’s largest crude importer, casting a shadow on demand. By 0639 GMT, Brent crude futures rose 88 cents, or 0.8 percent, to $108.47 a barrel, …

  Read More »
• 29 April 2022 2:32 am

  Market Drivers – US Session – 28 April

  

  The Dollar Index (DXY), a trade-weighted basket of major USD currency pairs, surpassed its 2017 highs to come within a whisker of hitting 104.00, its highest level since December 2002. This was primarily a result of a steep sell-off in the yen that launched USD/JPY to fresh multi-decade highs of …

  Read More »
• 29 April 2022 1:21 am

  EUR/USD Remains In Red Territory

  

  The EUR/USD pair remains in the red despite a pick-up in global shares. The Euro is taking some of the brunt due to the volatility in the currency marketplace following the Bank of Japan’s dovish announcements and a subsequent dash for the US dollar. At the time of writing, EUR/USD …

  Read More »
• 29 April 2022 1:03 am

  Amazon shares fall on weak forecast

  

  Amazon shares dropped as much as 9% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates.Amazon on Thursday gave a revenue forecast that trailed analysts’ estimates. Growth rates are at their slowest since the dot-com bust in 2001. The company recorded a $7.6 …

  Read More »
• 29 April 2022 12:04 am

  WTI Rallies Into $105.00s As Germany Approves EU’s Russia Oil Embargo

  

  WTI crude oil has rallied to its highest level since last Tuesday above $105.00 and is now eyeing a retest of recent near $110 highs. Traders cited a report alleging that the EU nations are nearing agreement on a Russian oil import embargo as supporting prices.At current levels in the …

  Read More »
• 28 April 2022 11:35 pm

  US equities rally as strong earnings push sentiment higher

  

  US equities have enjoyed a strong tech-led rebound on Thursday after stronger than expected Meta Platforms earnings. The S&P 500 was last up nearly 3.0% and above 4,300 and the Nasdaq 100 was last up nearly 4.0%.But the major US indices remain on course to post hefty on-the-month losses and …

  Read More »
• 28 April 2022 10:20 pm

  Fed Could Decide Three Successive Hikes 50bp Each

  

  Analysts at Danske Bank continue to expect the Federal Reserve will hike interest rates by 50bp three meetings in a row (May -next week-, June and July) and 25bp on each of the last three meetings (September, November and December). They are still of the view that risks are skewed …

  Read More »
• 28 April 2022 9:46 pm

  America’s Q1 GDP much stronger than what data suggests

  

  The US economy contracted at an annualized rate of 1.4% during the first quarter, data showed on Thursday. According to analysts from TD Securities, GDP growth was impacted by large setbacks in net exports and inventories. They point out that the details of the report were actually much stronger than …

  Read More »
• 28 April 2022 9:38 pm

  Germany no longer opposes embargo of Russian oil imports

  

  Germany has dropped its opposition to an embargo on Russian oil imports, government officials reportedly said according to the WSJ. According to the WSJ, this “clears the way” for a wider EU ban on oil imports from Russia, given that Berlin had been one of the main opponents on an …

  Read More »
• 28 April 2022 7:05 pm

  ECB Official Hints at first rate hike during Q3

  

  European Central Bank Governing Council member Ignazio Visco has added his voice to heated discussions on when the ECB will begin to raise its benchmark interest rate.Rates in the Eurozone have been negative following the region’s sovereign debt crisis, and the ECB has confirmed that it will conclude its net …

  Read More »
• 28 April 2022 6:28 pm

  Despite US GDP Contraction, Three Reasons Support USD’s Strength

  

  Recession is generally defined by two consecutive quarters of economic shrinking. The US economy squeezed by 1.4% in the first quarter of 2022, so it would only take another one to have an official downturn. Not so fast – not a recession, nor the dollar. The US economy grew by …

  Read More »