Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 17 April 2023 11:52 am

  Dollar rose with the increase in expectations of raising interest rates

  

  The dollar rose on Monday and hit a one-month high against the yen after strong US retail sales and impressive earnings from Wall Street banks increased market expectations that the Federal Reserve will raise interest rates in May. Data released on Friday showed that so-called core retail sales, which exclude …

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• 17 April 2023 6:25 am

  Financial Markets’ Weekly Recap, April 10-14

  

  On Friday, the dollar headed for the most extended period of weekly losses in nearly three years as traders reinforced expectations that the Federal Reserve is about to end the cycle of raising interest rates after indications that inflation may subside. Thursday’s data showed US wholesale prices, which are measured …

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• 15 April 2023 4:48 am

  

  Market Drivers – US Session 14/04/2023 Markets are digesting mixed signals amid a state of renewed uncertainty. Not even officials of major central banks know what to do or what they will have on their agendas next. After crucial economic data from the US, what is clear is that the …

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• 15 April 2023 3:08 am

  Wild swings in gold prices after comments by Fed officials

  

  Another significant movement is finishing the week with the price of gold. Gold lost all weekly gains on Friday, sliding $40 for the day after reaching a 13-month high on Thursday. On a macro level, hawkish comments made by Fed officials and good economic news are having an impact on …

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• 15 April 2023 1:35 am

  Despite Friday’s decline, Dow closes trading week with gains

  

  Despite declining on Friday, the Dow Jones Industrial Average had a good week as investors weighed a disappointing retail sales report that dampened expectations for a stronger-than-expected start to corporate earnings. To reach 33,886.47, the 30-stock Dow fell 143.22 points, or around 0.42%. S&P 500 index decreased 0.21% to 4,137.64. …

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• 15 April 2023 12:14 am

  USD/CAD’s scope to move lower based on BoC, oil prices

  

  The USD/CAD pair is on its way to closing below 1.3400 for the lowest weekly close since February. The Canadian Dollar has some room to rise in the near future, according to MUFG Bank analysts. Analysts have been relatively skeptical about the prospects for CAD, and overall for the year, …

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• 14 April 2023 11:09 pm

  Will GBP be able to continue to outperform?

  

  Less bad news than true positive news is being reflected in the strength of the British pound. Analysts note that the Bank of England will be heavily reliant on UK data (including employment and inflation) the following week. Although the pound has done well this year, recent data may have …

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• 14 April 2023 10:00 pm

  Friday’s stronger US dollar drags EUR/USD lower

  

  The US Dollar strengthens on Friday after US data and remarks by some Fed officials. The EUR/USD pair drops 80 pips from top, but holds firm to weekly gains. The EUR/USD is losing ground on Friday as the US Dollar recovers a part of recent losses. The pair reached a …

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• 14 April 2023 6:23 pm

  UoM’s Consumer Confidence Index improves in April

  

  Consumer sentiment in the US improved modestly in early April with the University of Michigan’s (UoM) Consumer Confidence Index rising to 63.5 (preliminary) from 62 in February. This reading came in better than the market expectation of 62. Consumer Confidence Index in the US rose slightly in April. The US …

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• 14 April 2023 6:15 pm

  US Consumer spending gradually loses momentum

  

  According to figures released on Friday, US retail sales in March decreased more than was predicted. Analysts claim that the amount of spending is still high, proving that consumers’ underlying resilience has not changed.After an extremely good start to the year, retail sales are declining once more. The amount of …

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• 14 April 2023 5:14 pm

  US Retail Sales decline by 1% in March

  

  According to figures released by the US Census Bureau on Friday, retail sales in the US fell by 1% on a monthly basis to $691.7 billion in March. This report was worse than the market consensus of a decline of 0.4% and followed February’s contraction of 0.2% (updated from -0.4%). …

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• 14 April 2023 4:01 pm

  European stocks rise, supported by hopes that the US interest rate hike will stop

  

  European stocks rose on Friday, on the verge of recording weekly gains for the fourth week in a row, supported by hopes that the Federal Reserve (the US central bank) will soon stop raising interest rates after recording lower-than-expected inflation in March. The pan-European STOXX 600 was up 0.3% by …

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• 14 April 2023 2:55 pm

  Dollar is losing strength with the expectation that the US interest rate hike will end soon

  

  The dollar fell to near a two-month low against major currencies on Friday, while the euro hovered near a one-year high, as dealers’ expectations of an imminent end to the US interest rate hike cycle increased amid signs of slowing inflation. Data from the US Labor Department on Thursday showed …

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