Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 7 April 2023 4:03 pm

  Central Europe’s policymakers double down on hawkish message

  

  In the past two weeks, central bankers in central Europe have stepped up their hawkish policy messaging in an effort to dissuade investors from placing bets that they will soon start an easing cycle. Their message is beginning to find momentum. These policy cautions came amid a European market slump …

  Read More »
• 7 April 2023 2:27 pm

  The Russian ruble fell to its lowest level since April 2022

  

  On Friday, the Russian ruble fell to its lowest level against the dollar and the euro since April 2022, crossing the 90 ruble barrier against the euro amid a foreign currency crisis and the sale of Western companies in Russia. The ruble fell 1.1% against the dollar to 82.28 by …

  Read More »
• 7 April 2023 1:04 pm

  China forex reserves rise to $3.18 trln in March

  

  China’s foreign exchange reserves rose in March, official data showed on Friday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose $51 billion to $3.184 trillion last month, compared with $3.149 trillion tipped by a Reuters poll of analysts and …

  Read More »
• 7 April 2023 11:58 am

  Japan’s Nikkei records slight gains amid the weakness of the yen

  

  Japan’s Nikkei rose on Friday, trimming its weekly losses, as sentiment was boosted by a weaker yen and Wall Street closing higher overnight. The Nikkei index ended Friday’s trading, up 0.17 percent, at 27,518.31 points. However, it remained far from the high it recorded early in the session at 27,591.15 …

  Read More »
• 7 April 2023 4:38 am

  Market Drivers – US Session 06/04/2023

  

  On Friday, when markets are closed worldwide for Easter, the official US jobs report will be issued. March nonfarm payroll growth is anticipated to be 240,000. With volatility rising around the NFP publication, trading volume is anticipated to be low. There won’t be much activity before or after. Holidays and …

  Read More »
• 7 April 2023 4:14 am

  Friday’s NFP reading to set the scene for noteworthy scenarios

  

  On Friday, when markets are closed worldwide for Easter, the official US jobs report will be released. The increase in nonfarm payrolls for March is anticipated to be 240,000. The trade volume on Friday is probably going to be thin, with volatility spiking around the NFP report. There won’t be …

  Read More »
• 7 April 2023 1:03 am

  AUD/USD drops for three straight days as Wall Street gains on risk aversion

  

  Initial Jobless Claims for April 1 increased to 228,000, above projections of 200,000, signaling a softening of the US labour market. Since Wall Street is expected to complete the week with gains, with the exception of the Dow Jones, which fell by 0.02%, the AUD/USD extends its losses to three …

  Read More »
• 7 April 2023 12:21 am

  5-month trendline supports USD/CAD’s steady ascent.

  

  The USD/CAD pair has a tendency to move downward, and the current upswing may reach a ceiling around 1.3568/75. At 1.3705, the cycle high set on December 16, there is still room for USD/CAD to rise.The USD/CAD is making a three-day rebound after plummeting towards 1.3400, but it is still …

  Read More »
• 6 April 2023 11:38 pm

  Latest data push US stocks higher ahead of NFP

  

  In tumultuous trading on Thursday, the S&P 500 and Nasdaq gained, aided in part by a surge in Alphabet shares as investors anticipated new jobs data in the wake of recent indications of a slowing economy. Alphabet Inc. increased by 3.5%, and Microsoft increased by 2.2%, both of which contributed …

  Read More »
• 6 April 2023 10:33 pm

  Silver fluctuates on uncertainty

  

  Silver’s price endures two consecutive declines near its YTD highs of $25.13, but it is unable to cross the $25.00 per troy ounce threshold. After hitting a day high of $25.00, the XAG/USD is trading at $24.95 at the time of writing. The price movement of the white metal, sometimes …

  Read More »
• 6 April 2023 10:25 pm

  EUR/USD bulls retreat ahead of NFP data

  

  Ahead of important US data inputs, the EUR/USD is stagnant. The crucial Nonfarm Payrolls are now the main topic of discussion.In late New York, the EUR/USD is trading at its lowest point of the day amid holiday calm. At hourly resistance, the pair is currently trading at 1.0930. The pair …

  Read More »
• 6 April 2023 6:53 pm

  GBP/USD sees pullback from 9-month high as US jobs data deteriorated

  

  The Pound Sterling (GBP) pullback from a 9-month high against the US Dollar (USD) on Tuesday dropped below the 1.2500 figure due to the US dollar’s renewed strength. The US labour market continues to deteriorate, painting a gloomy scenario for the US economy. The GBP/USD is trading at 1.2422 after …

  Read More »
• 6 April 2023 6:47 pm

  Fed’s Bullard expects future of inflation to be “sticky”

  

  James Bullard, president of the St. Louis Federal Reserve, stated on Thursday that he believes future inflation will be sticky. He believes that present interest rates are at the low end of a properly restrictive range in terms of monetary policy. To bring inflation back on track, he said that …

  Read More »