Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 3 April 2023 4:36 pm

  Oil surges as OPEC+ surprise output target cuts shake markets

  

  After a surprising agreement by OPEC+ to reduce additional output, oil prices soared on Monday, registering their largest daily increase in over a year. After reaching its highest price in a month at $86.44, Brent crude was up $4.64, or 5.8%, to $84.53 a barrel as of 11:15 GMT. After …

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• 3 April 2023 3:02 pm

  Indicator: Turkey’s manufacturing sector continued to grow in March

  

  Turkish factory activity continued to grow in March, with both new orders and production increasing despite the continuing repercussions of the devastating earthquakes that hit the country in February on the sector. According to the Istanbul Chamber of Industry and Standard & Poor’s Global, the purchasing managers’ index in the …

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• 3 April 2023 1:30 pm

  Dollar rises as inflation fears return after the OPEC + surprise

  

  The dollar rose on Monday as fears about inflation returned after the surprise announcement by major oil producers to cut production further. The announcement by the Organization of the Petroleum Exporting Countries and its allies, in what is known as the OPEC + group, came after data showed on Friday …

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• 3 April 2023 11:30 am

  Gold fell as fears of raising US interest rates worsened after the OPEC+ surprise

  

  Gold prices fell on Monday after a surprise announcement by OPEC+ to cut oil production raised concerns about inflation and increased bets on a rate hike at the next Federal Reserve meeting in May. Spot gold prices fell 0.8 percent to $1951.37 an ounce by 0401 GMT, the lowest level …

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• 3 April 2023 10:00 am

  Asian stocks edge up as markets digest oil rally

  

  Despite a spike in oil prices, investors remained cautious about a potential rise in inflation over the upcoming months as the majority of Asian equities edged up on Monday as risk appetite maintained in response to softer-than-expected U.S. inflation data from the previous week. After Beijing launched an investigation into …

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• 3 April 2023 9:10 am

  OPEC+ surprise output cuts lift oil prices by $5/bbl

  

  The sudden declaration by OPEC+ to further reduce output in what top producer Saudi Arabia called a precautionary move to protect market stability sent oil prices soaring on Monday. Brent oil reached its highest price in a month at $86.44 earlier in the day. At 03:47 GMT, it was trading …

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• 3 April 2023 7:22 am

  Financial Markets’ Weekly Recap, March 27-31

  

  Wall Street rose on Friday, with the Nasdaq index posting its biggest quarterly percentage gain since June 2020, after signs of easing inflation raised hopes that the Federal Reserve would soon end its aggressive campaign to raise interest rates. The Standard & Poor’s 500 Index posted gains for the second …

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• 1 April 2023 5:00 am

  Market Drivers – US Session 31/04/2023

  

  After Friday’s inflation figures, the US Dollar rose against the Euro, but the American currency was still on course for a weekly loss.Economic DataThe University of Michigan’s consumer confidence index reported a score of 62 points in March, down from the previous reading of 63.4 points, which was lower than …

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• 1 April 2023 2:29 am

  WTI surges with 9% weekly gains

  

  According to the US Department of Commerce, PCE was lower than expected, which sparked rumours about Fed’s next move. Once several oilfields in the Kurdish area in northern Iraq saw their output decrease, oil prices increased.After reaching a YTD low of $64.41, WTI, the US crude oil benchmark, is expected …

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• 1 April 2023 12:39 am

  AUD/USD Impacted by US Inflation Data

  

  The key factor behind the AUD/decline was the buoyant American dollar. Inflation in the US is still declining, and consumer confidence declined in March. TDS Analyst anticipates that the RBA will maintain rates at their meeting in April. Awaiting the RBA’s decision, the AUD/USD price is muted in the immediate …

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March, 2023

• 31 March 2023 11:39 pm

  Could Dogecoin rally 60% next week?

  

  In the daily period, the price of Dogecoin coils up, indicating a sudden move. A 50% to 60% increase is anticipated if DOGE imitates Ripple. The bullish prediction will be invalidated if the meme currency is unable to maintain above the $0.0705 support level. The crypto asset is trading at …

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• 31 March 2023 10:52 pm

  Fed’s Williams: Expect inflation to decline to around 3.25% this year

  

  Federal Reserve Bank of New York President John C. Williams said, on Friday, that the economic outlook is uncertain and that their decision will be driven by the data. He expects real GDP to grow modestly in 2023 and to pick up next year. Key Quotes: “While the FOMC has …

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• 31 March 2023 9:37 pm

  Silver exceeds monthly highs amid improved market sentiment

  

  Because of declining US Treasury bond yields, silver prices are trading at fresh monthly highs above $24 per ounce. At the time of writing, silver is trading at $23.974 at the time of writing.US markets are expected to end the month with gains as sentiment continues to be the session’s …

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