Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 25 April 2023 4:27 pm

  PepsiCo raises full-year income outlook as Q1 earnings beat estimates

  

  After price increases enabled the American food and beverage business to offset an increase in input costs and report better-than-expected first-quarter results, PepsiCo Inc. increased its annual profit guidance. The firm that owns brands including Pepsi carbonated beverages and Frito-Lay potato chips announced that it has raised its previous expectation …

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• 25 April 2023 3:26 pm

  Oil is rising with hopes of higher Chinese demand

  

  Oil prices rose and were on track for a third day of gains on Tuesday, supported by investor optimism that holiday travel in China will boost fuel demand and expectations of lower US crude inventories. Overseas flight bookings in China during the upcoming Labor Day holiday indicate a continued recovery …

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• 25 April 2023 12:49 pm

  European stocks are falling

  

  European stocks fell on Tuesday as investors weighed more corporate results and comments from European Central Bank policy makers on interest rate expectations. The European Stoxx 600 index fell 0.4 percent by 0718 GMT, affected by the decline in the mining and banking sectors, 1.8 percent and 1.5 percent, respectively, …

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• 25 April 2023 12:05 pm

  Japan’s Nikkei index touches an 8-month high

  

  Japanese stocks rose slightly on Tuesday, with the Nikkei index touching an eight-month high, amid optimism about the results of a group of companies and the expansion of government subsidies for chip production. Momentum eased in the afternoon session, dragged down by steel producers amid indications of weaker demand from …

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• 25 April 2023 11:32 am

  China’s gold production recovered to pre-pandemic levels and demand jumped

  

  China’s gold production rose 6.9 percent in the first quarter of 2023, returning to pre-pandemic levels, thanks in part to a jump in demand for gold and jewelry, as investors sought a safe haven away from financial market volatility. China’s Association of Gold Companies said on Tuesday that China’s production …

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• 25 April 2023 3:40 am

  Market Drivers – US Session 24/04/2023

  

  The US dollar declined more during a lacklustre US session as Wall Street indexes rose. The S&P 500 increased 0.09%, the Nasdaq declined 0.29%, and the Dow Jones increased by 0.20%. The 10-year bond rate dipped to 3.50%, but the 2-year yield rose to 4.12%. The debt-ceiling turmoil, upcoming important …

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• 25 April 2023 3:13 am

  Experts challenge de-dollarization hypothesis

  

  The prime minister of Malaysia claims that the US dollar is no longer required to attract foreign investment. According to data from the International Monetary Fund, the dollar made up more than 58% of the world’s reserves in the fourth quarter of last year, but the president of the European …

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• 24 April 2023 11:57 pm

  Optimism from China, Iraq drives crude oil price up

  

  WTI crude increased on expectations of greater fuel consumption during the busy holiday travel season in China. The anticipated production cuts by the OPEC+ producing group may make the oil market more competitive.WTI crude oil prices increased further during the middle of Monday’s US trading session, reaching $78.78 per barrel …

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• 24 April 2023 9:43 pm

  Tesla drags Nasdaq lower ahead of tech earnings

  

  While investors awaited reports from Megacap businesses and important economic data this week, the Nasdaq led Wall Street losses on Monday as Tesla shares were pressured due to the company’s intentions to increase spending.Tesla Inc. fell 3.4% as a result of the automaker increasing its projected capital expenditures for 2023 …

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• 24 April 2023 8:36 pm

  Gold expected to post gains amid light US economic agenda

  

  Gold is up +0.24% on the day, the precious metal is trading at $1987.31 at the time of writing. The price of gold is fluctuating horizontally during Monday’s US trading session due to the lack of a catalyst, but it is likely to be supported by the weakening US dollar …

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• 24 April 2023 7:13 pm

  Dollar a bit weaker ahead of the US GDP data

  

  Although the dollar is still weak, losses are currently contained. This week’s significant US macroeconomic data releases could influence the value of the dollar. Technically speaking, the Dollar Index is still bearish in the foreseeable future.The stronger-than-expected S&P Global PMI surveys on Friday did not help the dollar, as the …

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• 24 April 2023 4:55 pm

  Strong Euro nears nine-year high versus Japanese yen

  

  At the start of a week that includes a widely awaited Bank of Japan meeting and the final few data releases before the Federal Reserve and European Central Bank make rate decisions in early May, the euro edged up a bit and the Japanese yen weakened. The euro was trading …

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• 24 April 2023 2:55 pm

  German business sentiment improved slightly in April

  

  Business sentiment in Germany rose slightly in April, a survey showed on Monday, supported by improved business expectations, adding to positive indicators as Europe’s largest economy hopes to avoid a recession in the winter months. The Ifo Institute stated that its business climate index read 93.6, after a revised reading …

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