Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 7 April 2022 11:25 pm

  Most Cryptocurrencies Decline As UNISWAP Tumbles

  

  Most of the largest cryptocurrencies retreated on Thursday, with UNIUSD seeing the biggest move, declining by 1.43% to $10.19. Seven additional currencies posted decreases Thursday. Dogecoin DOGEUSD shed 1.17% to 15 cents, and Bitcoin Cash BCHUSD fell 1.12% to $335.98.Bitcoin has been losing 4.5% within last 24 hours, falling back …

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• 7 April 2022 10:56 pm

  Gold Price’s Breakout Is Looming

  

  The gold price is stuck within familiar ranges, bouncing around between a daily resistance and support channel. However, like a coil, the build-up of energy and maintained force could be about to set off an almighty breakout, one way or the other. The Gold Index, XAU/USD, is trading at $1,934.09, …

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• 7 April 2022 10:06 pm

  EUR/USD Flat Despite Hawkish ECB Minutes

  

  The Euro is almost flat in the North American session after reaching a daily high at 1.0938, courtesy of hawkish than expected European Central Bank (ECB) March meeting minutes, despite broad risk aversion in the market. Nevertheless, of late, the EUR/USD dipped below the 1.0900 mark and is trading at …

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• 7 April 2022 7:20 pm

  Bullard: Would like to see Fed funds rate hit 3.5% in H2 2022

  

  St Louis Fed President James Bullard on Thursday said that he would like to see the Federal Funds rate hit 3.5% in the second half of 2022, reported Reuters. Bullard said he would “lean into” a 50 bps rate hike at the May meeting, though he is watching the data. …

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• 7 April 2022 6:10 pm

  Despite Sanctions, China Buys Russian Energy With Yuan

  

  Russian oil and coal purchased in yuan will arrive in China soon. China and Russia are attempting to maintain energy trade even while other nations cut off Russian imports. In May, the first cargoes of Russian oil purchased in yuan will arrive at refiners in China. China is buying Russian …

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• 7 April 2022 5:43 pm

  US Shares Under Pressure As Risks Turned Back Lower

  

  The S&P 500 Index has come under pressure over the past couple of sessions, however key support at 4455/50 is still holding for now. Only a break below the current level would turn the short-term risks back lower in the range, according to analysts at Credit Suisse.S&P 500 is holding …

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• 7 April 2022 5:13 pm

  US Weekly Initial Jobless Claims Decline Below Expectations

  

  There were 166,000 Initial Jobless Claims in the US in the week ending on 2 April, the latest release from the US Department of Labour on Thursday showed, a record low.That was well below the median economist forecast for a reading of 200,000 and a steep drop from the prior …

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• 7 April 2022 4:49 pm

  The dollar is heading to a two-year summit after the minutes of the Federal Reserve meeting

  

  The dollar is set to hit a two-year high against a basket of major currencies on Thursday after the Federal Reserve’s meeting minutes revealed that the US central bank was preparing to act aggressively to combat inflation, while commodity-linked currencies fell. The euro remained near a one-month low of less …

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• 7 April 2022 3:24 pm

  Kyodo: Japan will withdraw 15 million barrels of oil reserves

  

  Japan will withdraw 15 million barrels of state and private oil reserves as part of the second round of a coordinated withdrawal process led by the International Energy Agency, Kyodo News Agency said on Thursday. Kyodo said the move would mark Japan’s largest-ever contribution to the process led by the …

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• 7 April 2022 2:50 pm

  Eurozone Retail Sales rose by 5% YoY in February

  

  Eurozone’s Retail Sales rose by 0.3% MoM in February versus 0.6% expected and 0.2% last, the official figures released by Eurostat showed on Thursday. On an annualized basis, the bloc’s Retail Sales came in at 5% in February versus 8.4% recorded in January and 4.8% estimated.

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• 7 April 2022 2:21 pm

  European shares rise with the support of the healthcare sector

  

  The healthcare sector helped European shares on Thursday recovered from a session that saw their worst performance in a month, even as investors remained wary of the Fed’s tightening minutes and Washington’s new sanctions against Russia. The pan-European Stoxx 600 index rose 0.5%, after losing 1.5% in the previous session. …

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• 7 April 2022 1:32 pm

  Gold Loses Luster as Dollar And Bond Yields Rise

  

  Gold prices fell on Thursday as the dollar and bond yields rose after the US Federal Reserve reiterated its commitment to tightening monetary policy to tackle inflation, while uncertainty over the conflict in Ukraine limited bullion losses. And the price of gold fell in spot transactions by 0.2 percent to …

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• 7 April 2022 1:24 pm

  Japan’s Nikkei Hits a 3-Week Low Because of The Fed And China

  

  Japan’s Nikkei fell on Thursday to a three-week low as investors worried about expectations of faster monetary policy tightening in the United States, the war in Ukraine, and COVID-19-related lockdown measures in China. The Nikkei fell 1.69 percent, the biggest decline since March 11, to close at 26,888.57 points, the …

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