Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 27 April 2023 12:01 am

  WTI declines, crude oil futures expected to settle at $74.30

  

  Oil ignored the official reports issued regarding a sharp decline in US inventories of oil and oil products, to continue the decline for the second consecutive session on Wednesday. Crude bulls focused on the sharp rise in recession fears besieging the US economy in the recent period, as the US …

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• 26 April 2023 11:06 pm

  BoC’s Meeting Minutes suggest rate cuts not the most likely scenario

  

  The Summary of Deliberations from the April 12 meeting of the Bank of Canada, at which the interest rate was left steady, revealed that they debated raising rates. According to the projections of the BoC Governing Council, the document notes that inflation was dropping. Officials concurred that expecting rate reductions …

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• 26 April 2023 10:10 pm

  Bitcoin’s resurgence drives other crypto assets up

  

  On Wednesday, Bitcoin was soaring by more than 5% at one point. If the apex crypto can regain the $30,000 level, alt-coins may gather the strength to break through their own resistance marks. At the time of writing, the most famous cryptocurrency is up +5.4% trading at $29,723.During the 24-hour …

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• 26 April 2023 9:15 pm

  Gold jumps to six-day highs before retreating to $1980s

  

  Gold is trading at $1987.05 per ounce at the time of writing. Wednesday’s US session is choppy for gold price, which is still moving sideways. Despite positive US data, the US dollar declines during the American session. In advance of the FOMC meeting next week, US Treasury rates hit new …

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• 26 April 2023 8:34 pm

  What can GM post-earnings performance tell about Investors?

  

  The performance of the General Motors stock, on Wednesday, shows investors are completely confused about cars. General Motors–2.19% reported a bigger profit than expected and raised its full-year financial forecasts amid a recovery in overall US auto sales. But the stock tanked, making it even clearer than it already was …

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• 26 April 2023 7:23 pm

  Euro hits fresh 2023 highs on improved sentiment

  

  The shared currency has advanced against the US Dollar during Wednesday’s US session after an upbeat Wall Street open put paid to lingering recession fears. Stronger tech company earnings from Alphabet and Microsoft suggest advertising revenue remains high, offsetting recession fears. The EUR/USD pair is trading at 1.1043 at the …

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• 26 April 2023 6:23 pm

  U.S. stocks are rising after strong reports from Microsoft, Boeing

  

  After Microsoft exceeded expectations, technology firms helped lift U.S. markets higher. The S&P 500 was up 0.2% and the NASDAQ Composite was up 0.7% as of 13:47 GMT, while the Dow Jones Industrial Average was up 52 points, or 0.2%. After Microsoft Corporation posted better-than-anticipated results for the quarter and …

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• 26 April 2023 5:46 pm

  Persimmon retains annual build target on improved Q1 sales rate

  

  An higher quarterly sales rate helped ease concerns that a sector slowdown could extend into the following year, according to British homebuilder Persimmon Plc, which stated on Wednesday that it intends to build homes at the top end of its annual guidance range. The British housing industry has shown indications …

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• 26 April 2023 5:03 pm

  German government slightly raises 2023 GDP forecast

  

  The German government has raised its economic growth forecast for this year to 0.4% from a previously predicted 0.2%, according to its spring economic projections published on Wednesday and first reported by Reuters last week. “A gradual recovery is underway, despite a persistently difficult environment,” Germany Economy Minister Robert Habeck …

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• 26 April 2023 3:34 pm

  Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard

  

  Britain’s largest competition regulator has moved to block Microsoft’s acquisition of video game publisher Activision Blizzard, in a painful blow to the US tech giant. Microsoft announced its intention to acquire Activision Blizzard in January 2022 for $69 billion, in one of the largest deals the video game sector has …

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• 26 April 2023 1:40 pm

  European stocks are falling amid the resurgence of recession fears

  

  European stocks fell on Wednesday, tracking losses on Wall Street overnight, after recession fears resurfaced in the United States after gloomy data erased the initial optimism sparked by strong results from tech giants Microsoft and Alphabet. The European 600 index fell 0.4 percent by 0710 GMT, dragged down by technology …

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• 26 April 2023 12:17 pm

  Oil rises, supported by the decline in US crude and fuel inventories

  

  Oil prices rose in early Asian trading on Wednesday after data from the sector showed a significant drop in crude oil inventories ahead of government data. Brent crude rose 16 cents, or 0.2 percent, to $80.93 a barrel by 0006 GMT, while US West Texas Intermediate crude rose 25 cents, …

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• 26 April 2023 1:59 am

  Market Drivers – US Session 25/04/2023

  

  Gold price advanced and printed a new weekly high at around $2003, though it faltered to hold its gains above the $2000 mark. Deteriorated risk appetite fueled by worries about the US banking system, and a surge in investments in safe-haven assets. As a result, after reaching a low of …

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