Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 12 April 2023 5:39 am

  Market Drivers – US Session 11/04/2023

  

  Further to earlier reports, the International Monetary Fund has reportedly stated that “should Japanese long-term rates rise further, Japanese investors’ repatriation of funds could affect sovereign bond yields in Australia, several euro area countries, and in the US.” This is in reference to earlier reports that the IMF on Tuesday …

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• 12 April 2023 2:07 am

  ECB’s Villeroy warns Eurozone inflation at risk of getting entrenched

  

  “Eurozone inflation is at risk of getting entrenched above 2% so the European Central Bank will keep fighting excessive price growth, even as its policy response is shifting gears,” said French central bank chief Francois Villeroy de Galhau late Tuesday per Reuters.The EUR/USD pair grinds higher and holds onto the …

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• 12 April 2023 1:09 am

  Wall Street floats through a quiet US session ahead of CPI data

  

  Stocks and bonds made small changes on Wall Street on Tuesday as trading was quiet in anticipation of news later in the week that might affect the markets.The S&P 500 lost 0.17 points, or less than 0.1%, to 4,108.94, its smallest one-day movement in more than a year. The majority …

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• 12 April 2023 12:12 am

  WTI bulls move back in to test the recent output cuts

  

  As the US dollar declines, WTI crude oil surges to test resistance once more. Reduced crude oil output keeps the price of black gold higher. On Tuesday, WTI oil prices increased by over 2% to $81.55 per barrel as investors prepared for data that would reveal additional reductions in US …

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• 11 April 2023 11:10 pm

  US CPI Preview: Inflation softening, is there good news on the horizon?

  

  The US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Wednesday, April 12. As markets get closer to the release time, economists and researchers of 10 major banks published their forecasts regarding the upcoming US inflation reading for …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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, …

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• 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 …

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• 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 …

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