Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 27 April 2022 3:17 am

  USD/CHF soars closer to two-year-highs

  

  The USD/CHF pair has rallied for the third consecutive day and reached a 21-month high at 0.9626. However, as the Asian Pacific session begins, on Tuesday, the USD/CHF print modest losses of 0.06%, down from YTD highs, and is trading in the high 0.9610s.The market mood soared on the back …

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• 27 April 2022 3:07 am

  Oil Rebounds On China’s Plan To Support Economy

  

  Oil prices settled higher on Tuesday, rebounding in volatile trading environment as traders and investors weighed China’s plans to support its economy against a possible coronavirus lockdown in its capital Beijing.Brent crude futures settled up $2.67, or 2.6%, at $104.99 a barrel, while US West Texas Intermediate contracts were up …

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• 27 April 2022 2:36 am

  BoC’s Lane: private sector plays major role in making digital CAD flourish

  

  A digital currency sanctioned by the Bank of Canada would likely come in a basic format and rely on private sector innovation to add capabilities, the central bank official overseeing research into a potential digital Canadian dollar told a U.K. cryptocurrency conference on Tuesday.BoC Deputy Governor Timothy Lane shared his …

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• 27 April 2022 2:24 am

  Gold price slides below $1,900 As USD Strengthens, US GDP Awaited

  

  Gold price was wavering in a minor range of $1,891.56-1,911.31 since Monday after an intense selloff had continued from Friday’s high at $1,955.71. The gold price is now stabilizing currently in a concise range but price action is favoring an extreme imbalance on the downside amid the rising US dollar …

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• 27 April 2022 2:16 am

  Microsoft earnings beat across the board

  

  Microsoft shares fell 1% in extended trading on Tuesday even though the software maker issued fiscal third-quarter earnings that exceeded analysts’ expectations.Microsoft beat expectations on the top and bottom lines. The company announced plans in the quarter to buy Activision Blizzard for almost $69 billion. Microsoft also beat EPS and …

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• 27 April 2022 12:28 am

  Alphabet results miss on earnings and revenues

  

  Alphabet reported weaker-than-expected earnings and revenue for the first quarter on Tuesday. The stock slid more than 5% in extended trading. The company reported $54.66 billion in advertising revenue for the quarter.The results refer to earnings of $24.62 per share, versus $25.91 expected. Revenue reading is $68.01 billion, versus $68.11 …

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• 26 April 2022 11:56 pm

  Gazprom to suspend Russia’s gas supplies through Bulgaria as of Wednesday

  

  Russian state-owned gas supplier Gazprom is to halt supplies going through Bulgaria and Poland into Europe as of Wednesday 27 April, Bloomberg reported on Tuesday, citing the Bulgarian Energy Ministry. This is a remarkable and major escalation in the standoff between Moscow and European nations over energy supplies and the …

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• 26 April 2022 11:41 pm

  AUD/JPY probes monthly lows As Risk-off Accelerates

  

  AUD/JPY hit fresh monthly lows beneath the 91.00 level on Tuesday, the pair heavily weighed amid as a steep sell-off engulfed global equity markets with investors fretting about everything from China lockdown risk, economic and military tensions with Russia amid the ongoing Russo-Ukraine war, a worsening global growth outlook and …

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• 26 April 2022 10:52 pm

  GBP/USD Breaks 1.26 As Risk-off Tensions Accelerate

  

  The GBP/USD pair has dumped on Tuesday in widespread risk-off, breaking below 1.26 the figure in a fresh bear-cycle low for 2022. A number of risk-off factors are being built into the price, from lower growth forecasts for the global economy, China’s covid spread and the contagion risks associated with …

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• 26 April 2022 10:27 pm

  US Equities Retreat As Investors Fret On Several Concerns

  

  China lockdowns, Russo-Ukraine war/Russo-Western tensions, growth concerns and expectations for central bank tightening have all been cited as hurting sentiment.Aside from strength in energy stocks amid a rebound in oil prices, US equity markets were a sea of red on Tuesday, with the major indices led lower most notably by …

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• 26 April 2022 10:12 pm

  May’s FOMC meeting will send a clear signal from policymakers

  

  At the next FOMC meeting (May 3-4), the US central bank is expected to raise interest rates by 50 basis points. According to analysts at Wells Fargo, the first 50 bps rate hike in over 20 years and the start of balance sheet runoff shows that the Fed means business …

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• 26 April 2022 6:55 pm

  U.S. core capital goods orders rebound strongly; shipments moderate

  

  New orders for U.S.-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter with strong momentum, though part of the increase reflected higher prices. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 1.0% …

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• 26 April 2022 6:14 pm

  US durable goods orders inch up 0.8% in March

  

  Orders at US factories for long-lasting goods rebounded in March after the first decline in a year, as manufacturers confronted a worsening supply chain crisis that continued to weigh on business investment.Bookings for all durable goods – products that are intended to last at least three years – rose 0.8% …

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