Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 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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• 15 April 2022 6:26 pm

  Could US Economy Stay Strong?

  

  Since the outburst of the war in East Europe, markets have massively increased their expectations for key US interest rates. This can be seen, among other things, in the rise in the yield on the 2-year US Treasury bond by around 0.9%% in just a few weeks.The basis for this …

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• 15 April 2022 6:11 pm

  PBOC: RRR cut by 25 bps effective as of April 25

  

  The People’s Bank of China (PBOC) announced on Friday that it will cut the reserve requirement ratio (RRR) for all banks by 25 basis points (bps) effective from April 25.The PBOC further noted that it will cut RRR by an additional 25 bps for some smaller banks and noted that …

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• 15 April 2022 5:25 pm

  Japan plans to release six million barrels of oil from private reserves

  

  Japan’s Industry Ministry said on Friday it will release six million barrels of oil from privately owned reserves, as part of its contribution to the second round of coordinated withdrawals from reserves led by the International Energy Agency to cool crude prices. Japan will release the amount of oil, which …

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• 15 April 2022 3:23 pm

  Kremlin aide: Russia’s imports fell sharply in March as Western companies pulled out

  

  Kremlin aide Maxim Oreshkin was quoted by the RIA news agency as saying on Friday that Russian imports fell sharply in March due to logistical restrictions and the withdrawal of Western companies from the country. He expected the decline to reach “tens of percent”. The Russian current account surplus is …

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• 15 April 2022 2:26 pm

  Italy: Inflation at its highest level in 30 years

  

  Italy’s annual inflation rate accelerated to 6.5 percent in March 2022, the highest level since July 1991, from 5.7 percent in the previous month and below the initial estimate of 6.7 percent. On a monthly basis, consumer prices rose 1 percent, accelerating from a 0.9 percent increase the previous month …

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