Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 5 April 2022 9:39 pm

  Fed’s Daly: Can start balance sheet reduction as early as May meeting

  

  San Francisco Fed President Mary Daly explained that the labour market is extremely tight while the Fed is on a path to raising interest rates. She added inflation is as harmful as not having a job while many of the imbalances we see are covid-related. Key Quotes:”I don’t expect a …

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• 5 April 2022 9:25 pm

  Hawkish Fed Drags Gold Lower

  

  Gold has pulled back from earlier highs and is back in the $1920s territory as the US dollar/US yields rally. Fed Vice Chair Brainard was hawkish on balance sheet reduction, sparking the reversal lower.Markets focus now on Wednesday’s FOMC minutes release as gold bears eye a test of recent sub-$1900 …

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• 5 April 2022 7:03 pm

  Ukrainian official: No compromises, Zelenskyy/Putin talks will be difficult

  

  Deputy chief of staff and adviser to Ukrainian president Ihor Zhovkva said on Tuesday that there will be no compromise from Ukraine on ceding territory to Russia, reported Bloomberg. Zhovkva continued that any meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy will be “difficult”, before noting that …

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• 5 April 2022 6:29 pm

  US: ISM Services PMI Surges to 58.3 in March versus 58.4 expected

  

  The headline ISM Services PMI figure rose to 58.3 in March from 56.5 the month before, a tad lower than the expected rise to 58.4, according to the latest release from the Institute of Supply Management. Subindices: Business Activity rose slightly to 55.5 from 55.1 in February. Prices Paid rose …

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• 5 April 2022 6:22 pm

  Brainard: Fed Prepared to take stronger action if inflation expectations require it

  

  Fed Vice Chairwoman Lael Brainard said on Tuesday that the Fed is prepared to take stronger action if the inflation outlook and inflation expectations indicators suggest the need for such action. Brainard expects methodical interest rate increases and rapid reductions to the Fed’s balance sheet to bring U.S. monetary policy …

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• 5 April 2022 5:39 pm

  GBP/USD to slump towards 1.30 on repricing of BoE hikes

  

  The GBP is recording a slight gain on the day, bouncing off the low-1.31s. Bank of England (BoE) rates pricing are still too optimistic, which should drag cable down to the 1.30 level.Broader trends since last summer suggest weakness ahead. Markets could do with a decent amount of repricing of …

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• 5 April 2022 5:32 pm

  Biden Administration looking at ways to boost oil imports from Canada

  

  Biden administration officials are looking at ways to boost oil imports from Canada, the Wall Street Journal reported on Tuesday. The White House still opposes the Keystone pipeline and other options include shipping more oil by rail, or expanding pipeline capacity along existing routes. The Canadian dollar saw immediate strength …

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• 5 April 2022 5:27 pm

  The Russia-Ukraine War Can Push Bitcoin to $50K Soon

  

  After peaking at $48,000 last week, Bitcoin tested the resistance level and moved sideways during the weekend’s trading. The cryptocurrency saw a weak correction simultaneously, while Ethereum made a faster recovery, testing the $3,500 area. Bitcoin tested $48,000, the end of the bullish range of its latest trend, and saw …

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• 5 April 2022 3:53 pm

  The European Union may propose new, tougher sanctions against Russia

  

  An EU source told Reuters that the European Commission will propose on Tuesday, April 5th, that EU countries impose sweeping new sanctions on Russia, including a ban on imports of coal, rubber, chemicals and other products from Russia worth up to nine billion euros annually. The source said the EU …

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• 5 April 2022 3:05 pm

  Oil rises as Iran nuclear talks falter, supply disruption fears

  

  Oil futures extended gains in trading on Tuesday as the United States and Europe plan to impose new sanctions against Russia over alleged war crimes committed by Russian forces in Ukraine, heightening concerns about supply disruptions as Iran nuclear talks falter. Brent crude futures rose 1.20 dollars, equivalent to 1.1%, …

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• 5 April 2022 2:00 pm

  Gold prices decline amid expectations of new sanctions against Russia

  

  Gold prices fell in trading today, Tuesday, with the continued stability of the US dollar, amid increasing expectations of imposing new sanctions against Russia, and the Federal Reserve raising interest rates further to control high inflation rates. And the spot price of gold decreased by 0.2% to reach $ 1928.52 …

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• 5 April 2022 1:15 pm

  The rise of oil limits the losses of European shares

  

  European shares were little changed on Tuesday, as a rise in oil prices due to the possibility of more sanctions on crude-exporting Russia lifted energy shares, helping to offset losses in banks and industrial companies. The pan-European STOXX 600 index rose 0.1 percent by 0710 GMT, after two days of …

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• 5 April 2022 12:33 pm

  Nikkei tracks Wall Street gains

  

  Japan’s Nikkei index closed higher on Tuesday after a choppy session, tracking gains on Wall Street overnight, but investors’ caution about corporate earnings expectations capped gains. The Nikkei rose 0.19 percent to close at 27,787.98 points, after falling as much as 0.26 percent earlier in the session. Shares of oil …

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