Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 26 April 2022 4:34 am

  Market Drivers – US Session – 25 April

  

  US equities were able to impressively recover in the latter hours of US session. The dominant force in currency markets on Monday remained risk-off, with traders citing China lockdown concerns as the major driver. Amid a sharp pullback in global bond yields as traders reassessed global growth prospects amid the …

  Read More »
• 26 April 2022 3:22 am

  Nasdaq Futures Slightly Lower Ahead Of Big Tech Earnings

  

  Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little changed.In regular trading Monday, the Nasdaq Composite jumped 1.3%. The Dow …

  Read More »
• 26 April 2022 1:55 am

  US trucking downturn foreshadows possible economic gloom

  

  There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs – known as the spot market – are skidding.It basically just dropped off a cliff. A lot …

  Read More »
• 26 April 2022 12:31 am

  Panetta: ECB needs ‘coordinated regulatory action’ on crypto

  

  European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks.In a written statement for a speech to Columbia University on Monday, Panetta said global policymakers had made some progress in addressing regulatory frameworks on digital assets, but …

  Read More »
• 26 April 2022 12:11 am

  Yen rules amid week’s start risk-off

  

  Though US equities were able to stage an impressive recovery in the latter hours of US trade, the dominant force in currency markets on Monday remained risk-off flows, with traders citing China lockdown concerns as the major driver.Amid a sharp pullback in global bond yields as traders reassessed global growth …

  Read More »
• 26 April 2022 12:00 am

  Class 8 natural gas retail sales gain momentum

  

  Although natural gas heavy truck sales are up 21% year-to-date, there is a continued decline of total natural gas fueling stations. For the first two months of 2022, US and Canadian Class 8 natural gas truck retail sales rose 21% year-to-date against comparisons of the same time in 2021, according …

  Read More »
• 25 April 2022 11:45 pm

  GBP/JPY pullback extends amid risk-off on week’s start

  

  The GBP/JPY pair was last trading lower by 1.1%, after extending on last Friday’s slightly larger loss to fall back to near the 163.00 level for the first time in nearly two weeks and, in doing so, drop below its 21-Day Moving Average (currently at 163.18) for the first time …

  Read More »
• 25 April 2022 10:44 pm

  Macklem Expects BoC Next Interest Hike In June

  

  The governor of the Bank of Canada is signalling Canada’s key interest rate could go up another half percentage point in June to help fight inflation and keep it under control. Two weeks ago the central bank raised its key interest rate a half point to one per cent and …

  Read More »
• 25 April 2022 10:24 pm

  Oil Retreats 6% as Shanghai lockdowns fuel demand fears

  

  Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates.In Shanghai, authorities have erected fences outside residential buildings. In Beijing, many people have begun stockpiling …

  Read More »
• 25 April 2022 6:59 pm

  U.S. Economic Growth Slowed Further in March — Chicago Fed

  

  The US economy expanded in March, but growth softened compared with the previous month, data from the Federal Reserve Bank of Chicago showed Monday.The Chicago Fed National Activity Index decreased to 0.44 in March from a revised 0.54 in February. The reading is above the 0.40 consensus forecast from economists. …

  Read More »
• 25 April 2022 6:30 pm

  U.S. dollar touches 2-year highs as risk appetite crumbles; yuan drops

  

  The U.S. dollar marched to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest three-day losing streak in nearly four years on growing worries of an economic slowdown in China.China’s yuan fell to a one-year low. …

  Read More »
• 25 April 2022 5:53 pm

  Gold price succumbs to weakening yuan

  

  Gold Price remains on slippery slopes. Coronavirus-related lockdowns in China are set to continue weighing on the yellow metal, economists at TD Securities report.“Gold prices are succumbing to a weakening yuan as China’s worsening COVID-19 outbreak saps the buying impulse from yet another pillar of demand for bullion.” “With little …

  Read More »
• 25 April 2022 5:45 pm

  EUR/USD to test March 2020 low of 1.0636 on a drop below 1.07

  

  THE EUR/USD pair firmly broke under the 1.08 figure, surpassing last week’s intraday lows, and tested the low-1.07s. After the 1.07 level, the March 2020 low of 1.0636 stands as key support, economists at Scotiabank report.The 1.07 zone stands as key support ahead of the next key level of 1.0636 …

  Read More »