Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 25 April 2022 11:45 pm

  GBP/JPY pullback extends amid risk-off on week’s start

  

  The GBP/JPY pair was last trading lower by 1.1%, after extending on last Friday’s slightly larger loss to fall back to near the 163.00 level for the first time in nearly two weeks and, in doing so, drop below its 21-Day Moving Average (currently at 163.18) for the first time …

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• 25 April 2022 10:44 pm

  Macklem Expects BoC Next Interest Hike In June

  

  The governor of the Bank of Canada is signalling Canada’s key interest rate could go up another half percentage point in June to help fight inflation and keep it under control. Two weeks ago the central bank raised its key interest rate a half point to one per cent and …

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• 25 April 2022 10:24 pm

  Oil Retreats 6% as Shanghai lockdowns fuel demand fears

  

  Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates.In Shanghai, authorities have erected fences outside residential buildings. In Beijing, many people have begun stockpiling …

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• 25 April 2022 6:59 pm

  U.S. Economic Growth Slowed Further in March — Chicago Fed

  

  The US economy expanded in March, but growth softened compared with the previous month, data from the Federal Reserve Bank of Chicago showed Monday.The Chicago Fed National Activity Index decreased to 0.44 in March from a revised 0.54 in February. The reading is above the 0.40 consensus forecast from economists. …

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• 25 April 2022 6:30 pm

  U.S. dollar touches 2-year highs as risk appetite crumbles; yuan drops

  

  The U.S. dollar marched to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest three-day losing streak in nearly four years on growing worries of an economic slowdown in China.China’s yuan fell to a one-year low. …

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• 25 April 2022 5:53 pm

  Gold price succumbs to weakening yuan

  

  Gold Price remains on slippery slopes. Coronavirus-related lockdowns in China are set to continue weighing on the yellow metal, economists at TD Securities report.“Gold prices are succumbing to a weakening yuan as China’s worsening COVID-19 outbreak saps the buying impulse from yet another pillar of demand for bullion.” “With little …

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• 25 April 2022 5:45 pm

  EUR/USD to test March 2020 low of 1.0636 on a drop below 1.07

  

  THE EUR/USD pair firmly broke under the 1.08 figure, surpassing last week’s intraday lows, and tested the low-1.07s. After the 1.07 level, the March 2020 low of 1.0636 stands as key support, economists at Scotiabank report.The 1.07 zone stands as key support ahead of the next key level of 1.0636 …

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• 25 April 2022 4:10 pm

  The US dollar rose to its highest level in two years and the yuan fell

  

  The US dollar rose to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set to post its biggest three-day losing streak in nearly four years on growing fears of an economic slowdown in China. With the war in Ukraine …

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• 25 April 2022 3:00 pm

  European shares fall to the lowest level in a month

  

  European shares fell more than 1% on Monday as concerns about an economic slowdown in China and rapid increases in US interest rates outweighed relief from French President Emmanuel Macron’s election victory. By 0705 GMT, the European Stoxx 600 index fell by 1.9 percent to its lowest level since mid-March. …

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• 25 April 2022 1:24 pm

  German government raises 2022 CPI forecast to 6.1%

  

  In its spring forecast, Germany’s government raised the 2022 inflation forecast to 6.1% vs. 3.3% seen in January, Reuters reports, citing a document obtained from the government sources via Reuters. Meanwhile, the government sees the 2023 German Consumer Price Index (CPI) at 2.8%. The German government sees nominal consumer spending …

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• 25 April 2022 12:35 pm

  Oil falls after closing in Shanghai, concerns about demand

  

  Oil prices fell to a two-week low on Monday, extending last week’s losses. Concern grew that an extension of anti-Covid-19 closures in Shanghai and potential US interest rate increases would hurt global economic growth and oil demand. In Shanghai, the authorities erected fences outside apartment buildings, sparking new public anger. …

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• 25 April 2022 11:30 am

  Gold at its lowest level in 4 weeks

  

  Gold prices fell on Monday to a four-week low, as bets on the Federal Reserve’s inclination to tighten monetary policy boosted the dollar’s strength and dampened demand for bullion. And the price of gold in spot transactions fell 0.7 percent to $ 1916.41 an ounce by 0545 GMT, after touching …

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• 24 April 2022 7:30 pm

  Weekly Recap 18-22 April 2022

  

  Hot inflation, recession-related concerns and quantitative tightening continued to be the major key words dominating financial markets throughout the week as central bankers ponder coming changes of policy based upon the available data particularly the labour market developments. New U.S. jobless claims fell slightly to 184,000 in mid-April and stayed …

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