Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 9 April 2022 1:26 am

  Markets Await Better Than Expected Earnings Season

  

  Markets still hope for an the earnings season that is better than expectations. Robust support is seen with a stronger labour market. The US economy is in great shape from that perspective. Equity markets are expected to rebound. Markets are also looking for them to go back up toward their …

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• 9 April 2022 12:34 am

  US Shares Fall As Tech Shares Lag With Fed In Focus

  

  US stocks exhibited mixed performance on Friday, with investors continuing to digest signals concerning the next monetary policy-related moves by the US central bank. The S&P 500 and Dow rose, shaking off earlier losses. The Nasdaq shares held in the red territory as technology stocks underperformed. As of Thursday’s close, …

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• 8 April 2022 11:52 pm

  Gold Steadies Around $1940s Despite High T-Yields, Hawkish Fed

  

  Gold has managed to remain buoyant despite rising US Treasury yields amid an upbeat market mood, as investors shrugged off the Ukraine-Russia brawl and a hawkish Fed, which according to March’s minutes, would hike 50-bps in the May meeting as well as reducing the $9 trillion balance sheet. XAU/USD is …

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• 8 April 2022 10:25 pm

  ECB Moving toward a more hawkish stance

  

  Analysts at Danske Bank revised their forecast for the European Central Bank and now look for a rate hike in September and December. Despite the more hawkish stance from the ECB, they still forecast EUR/USD at 1.05 in twelve months. Key Quotes: “We revise our ECB call slightly after the …

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• 8 April 2022 7:01 pm

  Tesla rallies on Cybertruck news despite China recall

  

  Tesla (TSLA) stock gained over 1% in a combination of broad market recovery and follow-on from some strong delivery data last weekend. Tesla however remains on watch for further losses as it has failed to break the previous high and remains in a medium-term downtrend from a technical perspective.Elon Musk …

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• 8 April 2022 6:32 pm

  WTI expected to close in red territory for second successive week

  

  The WTI crude oil is expected to end lower for a second successive week. Meanwhile, traders digest this week’s IEA reserve release announcements.The WTI crude oil currently trades a little bit lower on the day around $96.00 after hitting March lows on Thursday. Technical selling after breaking below a long-term …

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• 8 April 2022 5:45 pm

  Could US Fight Against Inflation Spark Debt Crisis Abroad?

  

  On 16 March, Jerome Powell, the chair of the US Federal Reserve, announced that the central bank would hike interest rates to 0.25 percent. It was likely just the first in a sequence of rate increases designed to tame stubbornly high inflation. Since the start of the year, the Fed …

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• 8 April 2022 5:24 pm

  GBP/USD Moving Lower, Looking For A Break

  

  The GBP/USD pair has continued moving lower. Economists at Credit Suisse stay bearish and look for a break below 1.30 to open up a fall to 1.2855/29. Resistance has been seen at 1.3168/84Economists now look for an imminent break below 1.3013/00, which would reassert the core downtrend, especially if daily …

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• 8 April 2022 5:09 pm

  Canadian Economy adds 72.5K jobs in March

  

  The Canadian economy added 72,500 jobs in March, a tad below the median economist forecast for 80,000 jobs to have been added on the month, a report released by Statistics Canada on Friday showed. That marked a significant deceleration in the pace of job gains versus February when 336,600 jobs …

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• 8 April 2022 4:29 pm

  Gold is confined to a limited range amid expectations of a US rate hike

  

  Gold traded in a limited range on Friday due to expectations of a large US interest rate hike, concern over rising inflation, and the economic fallout from the Ukraine crisis. And the price of gold settled in spot transactions at 1931.53 dollars an ounce by 0858 GMT, but it recorded …

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• 8 April 2022 3:32 pm

  European shares are heading for a weekly gain after a strong start to trading on Friday

  

  European shares jumped 1.2 percent in early trading on Friday, erasing losses this week, as investors awaited the first round of the French presidential election early next week, as the victory of incumbent President Emmanuel Macron is no longer a given. Financial and auto stocks led the gains, while all …

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• 8 April 2022 3:30 pm

  Oil prices are heading for a weekly decline due to the release of reserves

  

  Oil prices rose on Friday but were still on track for a second weekly decline in a row after countries announced plans to release crude from their strategic stocks. Brent crude futures rose 71 cents, or 0.7 percent, to $101.29 a barrel by 1056 GMT. US West Texas Intermediate crude …

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• 8 April 2022 1:37 pm

  The dollar index touches the 100-point level for the first time in two years

  

  The dollar index rose to 100 points for the first time in nearly two years on Friday, boosted by prospects of an acceleration in US interest rates. The dollar rose against a basket of rival currencies over the past month, especially against the euro, which has come under pressure due …

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