Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 27 April 2023 5:33 pm

  U.S. GDP slows to 1.1% in the first quarter

  

  According to preliminary figures released by the Commerce Department on Thursday, the United States’ economic growth slowed down more than was anticipated in the first quarter. The largest economy in the world saw real gross domestic product growth decelerate from 2.6% in the final three months of 2022 to 1.1% …

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• 27 April 2023 4:09 pm

  Oil stabilizes after heavy losses due to recession fears

  

  Oil prices stabilized on Thursday, after Wednesday’s decline reflected the supportive impact of a sudden production cut by the Organization of the Petroleum Exporting Countries this month. By 1033 GMT, Brent crude was trading at $77.72 a barrel, up three cents, or 0.04 percent. US West Texas Intermediate crude also …

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• 27 April 2023 3:38 pm

  Gold shines brighter as the dollar falls and US data is in the spotlight

  

  Gold prices rose on Thursday as the dollar weakened as investors prepared for a batch of US economic data to be released ahead of next week’s Federal Reserve (Central Bank) monetary policy meeting. By 0230 GMT, spot gold rose 0.4 percent to $1996.50 an ounce, while US gold futures rose …

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• 27 April 2023 1:43 pm

  Most of Japan’s stocks rose at the close after the announcement of the companies’ results

  

  Most Japanese stocks rose on Thursday, led by manufacturing companies, on profit optimism, while concerns about the banking sector weighed on financial companies. The Nikkei index rose 0.15 percent to close at 28,457.68 points, recovering from a drop of 0.6 percent at the beginning of the session. The broader Topix …

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• 27 April 2023 1:01 pm

  European stocks decline amid the return of concerns about the banking sector

  

  European stocks fell on Thursday despite positive earnings from a group of companies, as turmoil over First Republic Bank continues to worry investors about the global banking sector. The pan-European Stoxx 600 index was down 0.1% by 0720 GMT, as media stocks fell 1.6%. Shares in Universal Music Group fell …

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• 27 April 2023 12:18 pm

  Oil is recovering after falling due to recession fears and Russian exports

  

  Oil prices rose on Thursday, recouping earlier losses fueled by fears of a recession in the US and increased Russian oil exports offsetting the impact of OPEC production cuts. By 0039 GMT, Brent crude was trading at $78.04 a barrel, up 35 cents, or 0.45 percent. US West Texas Intermediate …

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• 27 April 2023 3:46 am

  Market Drivers – US Session 26/04/2023

  

  The ANZ Business Outlook survey is due during the Asian session in New Zealand, and it will be followed by Australia’s Import and Export Price Index. Prior to central bank meetings, markets are awaiting crucial economic data from the US and Eurozone. On Thursday, Wall Street declined once more due …

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• 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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