Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 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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• 11 April 2023 3:27 am

  Market Drivers – US Session 10/04/2023

  

  Investors are still analyzing the most recent US employment statistics. Chinese consumer and producer price index data for March will be made public on Tuesday in anticipation of the US CPI on Wednesday. Easter Monday saw the US Dollar Index (DXY) continue to improve and rise, reaching a weekly high …

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• 11 April 2023 2:25 am

  Fed’s Williams: Rate hiking pace did not cause banking turmoil

  

  According to the Federal Reserve Bank of New York President “Financial system troubles that drove the central bank to provide large amounts of credit to banks is not collateral damage from the Fed’s aggressive effort to lower inflation.”John Williams, who is also Fed’s Vice Chairman of the FOMC Committee, said …

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• 11 April 2023 1:12 am

  EUR/USD crosses 1.0860 ahead of EU retail sales, American inflation

  

  The Dollar Index has corrected, and the EUR/USD pair has surged above the key resistance level of 1.0860. This year, Fed Williams projects inflation to be 3.75% and growth to be less than 1%.A decline in retail sales across the Eurozone is inadequate to support the ECB’s neutral stance. In …

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