Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 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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• 13 April 2022 1:08 am

  Bitcoin Price Slightly Retreats After Hitting $41,000 On CPI Data

  

  Bitcoin decoupled from the Nasdaq to denote a 2.7% gain as US inflation numbers recorded a new 40-year high. US inflation hits new 40-year record at 8.5%. Bitcoin traded green above $40,500 as the index reading came above market expectations, then the most popular cryptocurrency retreated to 39,502 on the …

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• 13 April 2022 12:57 am

  Is Fed Prepared to Support Impacted Commodities Market?

  

  A market breakdown could have extensive economic consequences. The US central bank is believed to be aware of the necessity of being prepared to lend emergency support in the aftermath of the sanctions imposed on Russia, given the fact that the sanctioned country is undoubtedly one of the globe’s largest …

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• 13 April 2022 12:28 am

  Gold Eyes $2000 As T-Yields Retreat Post-CPI Data

  

  Gold has hit near one-month highs on Tuesday at just under $1980 and is on course for healthy on-the-day gains. The precious metal was supported as US yields pulled back in wake of evidence of easing Core CPI pressures. Gold bulls will now be eyeing a test of the $2000 …

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• 12 April 2022 11:19 pm

  AUD/USD Loses Bid As US dollar Bounces Back

  

  The AUD/USD bulls back off as the US dollar firms up again. The Australian jobs will be a key event for this week, as will the Reserve Bank of New Zealand.At 0.7458, AUD/USD remains in bullish territory, higher by some 0.6% but is losing steam as the greenback recovers in …

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• 12 April 2022 10:58 pm

  Brainard: Lowering Inflation, Fed’s Key Mission

  

  Federal Reserve official said on Tuesday the central bank’s top goal is to reduce soaring inflation, and she expressed confidence the central bank can moderate price pressures without triggering an economic downturn.“Inflation is too high,” said Fed governor Lael Brainard, who is awaiting Senate confirmation to serve as the Fed’s …

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