Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 13 April 2023 5:13 pm

  U.S. weekly jobless claims increase as labor market slows

  

  The number of Americans filing new claims for unemployment benefits increased more than expected last week, a further sign that labor market conditions were loosening up as higher borrowing costs dampen demand in the economy. Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 239,000 for the …

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• 13 April 2023 1:36 pm

  Luxury goods stocks lead the European Stoxx 600 index to gains

  

  European stocks rose on Thursday, boosted by gains in luxury stocks after a report showed fashion firm LVMH posted strong first-quarter sales and on hopes the Federal Reserve will halt its tightening cycle after lower-than-expected inflation data. The pan-European Stoxx 600 index was up 0.3% by 0710 GMT. The Stoxx …

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• 13 April 2023 1:15 pm

  Japan’s Nikkei closed higher for the fifth day

  

  The Japanese Nikkei index rose for the fifth consecutive session amid optimism about the recovery of the local retail sector, while financial stocks were affected by recession fears in the United States. The Nikkei index closed 0.26 percent higher, reversing early losses and posting its longest winning streak in more …

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• 13 April 2023 4:42 am

  Market Drivers – US Session 12/04/2023

  

  Stock losses accelerated Wednesday afternoon when the minutes of the Mar 21-22 FOMC meeting showed policymakers projected a “mild recession” starting later in 2023. The minutes of the FOMC meeting on March 21–22 revealed that policymakers reduced their forecasts for rate increases this year, noting that “many participants had lowered …

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• 13 April 2023 3:29 am

  Oil prices soaring on softer US data as $90.00 targeted

  

  Despite an easing of US inflation, the oil price managed to recover. The US Dollar has been negatively impacted by a slowdown in US inflation. Last week, investors were mildly reported to have built up in oil inventories. After reaching a new four-month high of $83.48 on Wednesday, WTI and …

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• 13 April 2023 2:04 am

  USD/CHF falls on weaker US dollar post-CPI data

  

  The USD/CHF pair fell as a result of conflicting US economic news headlines that made the US Dollar weaker. The pair is trading at 0.8959 at the time of writing. As support levels threaten to fall below 0.8950, bears are waiting in the shadows. Bulls are still optimistic since resistance …

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• 12 April 2023 11:23 pm

  BoE´s Bailey: Banking crisis testing institutional structures

  

  Bank of England Governor Andrew Bailey earlier said in a speech on Wednesday before the Institute of International Finance in Washington where he is attending International Monetary Fund meetings that he did not believe ´´we face a systemic banking crisis.”The Pound rose towards $1.25 vs. the US dollar, moving closer …

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• 12 April 2023 11:20 pm

  US stocks drop post-FOMC Minutes, signals of a mild recession

  

  The Dow Jones Industrials Index, the Nasdaq 100 Index ($IUXX) (QQQ), and the S&P 500 Index ($SPX) (SPY) all recorded losses on Wednesday. The S&P 500 Index ($SPX) (SPY) lost -0.41%.The Nasdaq 100 posted a 2-week low on Wednesday, as stock indices gave up early gains before settling marginally down. …

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• 12 April 2023 10:43 pm

  G7: Financial System Is Robust

  

  The G7 Communique has reaffirmed the financial system’s resilience and reiterated the commitment to preserving financial and economic stability.Additionally, the statement notes that central banks are still steadfastly dedicated to achieving price stability.The Consumer Price Index (CPI), which climbed in March at a slower-than-expected rate and a minute from the …

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• 12 April 2023 9:39 pm

  EUR/USD traders await FOMC minutes for direction

  

  The US Dollar index, DXY, was last at 101.51, down 0.62% on the day, while the EUR/USD reached 1.0999, the highest level since February 2. The pair last traded at 1.0995, up 0.79% on the day.The US dollar plunged on Wednesday after data revealed that the US Consumer Price Index …

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• 12 April 2023 7:34 pm

  Gold shines post CPI reading, anticipated to continue shining

  

  This year, gold has been doing well so far. In the upcoming quarters, economists anticipate that the precious metal will prolong its rise. Always shining gold with growth issues front and centrePrices are anticipated to stay sensitive to changes in investor risk perception and interest rate forecasts in the near …

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• 12 April 2023 6:18 pm

  US consumer price gains slow; underlying inflation still hot

  

  Although petrol prices decreased in March, consumer prices in the United States hardly increased. However, stubbornly high rents maintained underlying inflation pressures at a simmer, making it probable that the Federal Reserve will increase interest rates again next month. However, the Labor Department’s data on Wednesday contained some positive news …

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• 12 April 2023 5:03 pm

  U.S. CPI falls to 5.0% in March

  

  U.S. headline inflation slowed by more than expected in March, according to data from the Bureau of Labor Statistics on Wednesday. On an annual basis, the consumer price index for the month dipped to 5.0% from 6.0% in February. Economists had projected that the reading would fall to 5.2%. The …

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