Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 11 April 2023 10:09 pm

  Fed’s Goolsbee: We need to asses potential impact of financial stress on US economy

  

  Federal Reserve Bank of Chicago President Austan Goolsbee, said on Tuesday that policymakers need to be cautious about raising interest rates after recent development in the banking sector. He mentioned that the central bank needs to assess the potential impact of the financial stress on the real economy. Speaking at …

  Read More »
• 11 April 2023 7:27 pm

  GBP/USD bulls anticipate a drop in US prices

  

  The GBP/USD pair is up by +0.05% and is trading at 1.2430. While risk sentiment has strengthened, the British pound has found stability in a crucial support level, keeping sterling close to the 10-month high it reached last week on speculation that interest rates will shortly peak and decline later …

  Read More »
• 11 April 2023 6:58 pm

  US Dollar still under pressure ahead of CPI data

  

  The US Dollar performs negatively on Tuesday and weakens against its major rivals as investors gear up for the highly anticipated March Consumer Price Index (CPI) data from the US. The US Dollar Index, which closed the previous four trading days in positive territory, retreats toward 102.00, reflecting the lack …

  Read More »
• 11 April 2023 5:28 pm

  Dow futures rise 35 pts; caution ahead of key inflation data

  

  Investor caution ahead of the release of significant inflation data and the minutes from the most recent Federal Reserve meeting is expected to prevent U.S. stocks from opening Tuesday’s trading session slightly higher. At 11:00 GMT, the Nasdaq 100 futures were up 20 points, or 0.2%, the S&P 500 futures …

  Read More »
• 11 April 2023 4:19 pm

  Forex: Dollar dips as European markets return from break

  

  On Tuesday, traders shifted their focus to U.S. inflation data due on Wednesday in search of clues as to how near U.S. rates are to peaking, and the dollar gave back the gains made the day before against the euro and the pound. As most European markets opened following the …

  Read More »
• 11 April 2023 2:47 pm

  European stocks rose ahead of important economic data this week

  

  European stocks rose on Tuesday as investors returned from a long weekend to face a week full of important economic data that is expected to provide more clues about the path of interest rates globally. The pan-European Stoxx 600 rose 0.5 percent, with mining and auto stocks leading the gains, …

  Read More »
• 11 April 2023 1:37 pm

  Japan stocks rise after the central governor’s remarks

  

  Japanese stocks rose for the third consecutive session on Tuesday after moderate comments from the Governor of the New Bank of Japan, as well as strong economic indicators from the United States that boosted investor confidence. The Nikkei index rose 1.05 percent to close at 27,923.37 points, its highest daily …

  Read More »
• 11 April 2023 12:53 pm

  Oil rises as investors balance between OPEC+ production cuts and interest rate concerns

  

  Oil prices rose on Tuesday as market participants assessed the OPEC+ decision to cut production, which would reduce supplies in the market, against concerns about raising interest rates, which is likely to hurt demand. Investors are awaiting this week a group of reports about inflation, supply and demand in the …

  Read More »
• 11 April 2023 3:27 am

  Market Drivers – US Session 10/04/2023

  

  Investors are still analyzing the most recent US employment statistics. Chinese consumer and producer price index data for March will be made public on Tuesday in anticipation of the US CPI on Wednesday. Easter Monday saw the US Dollar Index (DXY) continue to improve and rise, reaching a weekly high …

  Read More »
• 11 April 2023 2:25 am

  Fed’s Williams: Rate hiking pace did not cause banking turmoil

  

  According to the Federal Reserve Bank of New York President “Financial system troubles that drove the central bank to provide large amounts of credit to banks is not collateral damage from the Fed’s aggressive effort to lower inflation.”John Williams, who is also Fed’s Vice Chairman of the FOMC Committee, said …

  Read More »
• 11 April 2023 1:12 am

  EUR/USD crosses 1.0860 ahead of EU retail sales, American inflation

  

  The Dollar Index has corrected, and the EUR/USD pair has surged above the key resistance level of 1.0860. This year, Fed Williams projects inflation to be 3.75% and growth to be less than 1%.A decline in retail sales across the Eurozone is inadequate to support the ECB’s neutral stance. In …

  Read More »
• 10 April 2023 11:32 pm

  Can calls for de-dollarization hurt the US currency?

  

  Most observers and analysts assert that proposals for de-dollarization can undoubtedly be detrimental to the US dollar. Once regarded as the sole currency for international trade, the American dollar is losing its appeal and being supplanted by other currencies. The United States today faces a growing wave of global de-dollarization …

  Read More »
• 10 April 2023 10:21 pm

  AUD/USD under pressure post-NFP data

  

  The monthly employment report from the United States was sufficient to resurrect worries about economic growth and the possibility of entering a recession. After a long weekend, Australia will announce Westpac Consumer Confidence.The AUD/USD pair falls for a sixth day in a row close to the 0.6600 level. After Wall …

  Read More »