Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 22 April 2022 6:17 pm

  US Flash Markit Manufacturing PMI rises to 59.7 in April versus 58.2 expected

  

  Manufacturing PMI was a little stronger than expected, but Services PMI was much weaker than expected. The Dollar Index (DXY) did not react to the latest PMI data release. IHS Markit’s headline Manufacturing PMI rose to 59.7 in April from 58.8 in March, above expectations for a slight decline to …

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• 22 April 2022 4:51 pm

  Canada: Retail Sales rise by 0.1% in March

  

  Headline Retail Sales in Canada rose by 0.1% MoM in March, according to the latest figures released by Statistic Canada on Friday, above expectations for a 0.4% MoM decline. March’s 0.1% growth rate marked a substantial slowdown from February’s strong 3.3% MoM growth rate, which was revised a tad higher …

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• 22 April 2022 3:35 pm

  European shares slip as investors brace for a rate hike

  

  European shares fell as traders intensified their bets on raising the interest rate after statements tending to tighten from central bank officials, while shares of the German software giant SABB and French luxury goods Kering fell after the two companies announced the results of the first quarter of the year. …

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• 22 April 2022 2:40 pm

  The euro is falling after statements from the European Central

  

  The euro fell on Friday after officials from the European Central Bank made mixed statements, while the dollar was supported by expectations of a 50 basis point interest rate hike from the Federal Reserve. European Central Bank President Christine Lagarde gave some indication of easing by saying that the bank …

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• 22 April 2022 1:23 pm

  Japanese stocks close lower, pressured by the decline of Wall Street, and Toshiba shares jump

  

  Japanese shares closed lower on Friday for the first time in four sessions, tracking Wall Street, which fell overnight after the Fed’s interest rate views, while Toshiba shares rose sharply after opening the door to acquisitions. The Nikkei index ended the session down 1.63 percent, recording 27,105.26 points, while the …

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• 22 April 2022 12:22 pm

  Oil is heading for a weekly decline of about 4% as demand concerns persist

  

  Oil prices fell on Friday, heading towards a weekly decline of about four percent, affected by expectations of higher interest rates, weak global growth and restrictions to combat Covid-19 in China, which negatively affected demand, although the European Union is considering banning Russian oil imports. By 0130 GMT, Brent crude …

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• 22 April 2022 3:02 am

  Market Drivers – US Session – 21 April

  

  Risk-off trading conditions, triggered by soaring US yields amid hawkish Fed language, led US equities to retreat on Thursday and the safe-haven US dollar has the chance to outperform, against its more risk-sensitive G10 peers mainly the other non-US dollars. The Dollar Index reversed an earlier dip below the 100.00 …

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• 22 April 2022 2:45 am

  Gold Sets To Recover On Powell’s Comments, Hopes

  

  The odds of a 50 bps interest rate hike have elevated after Fed Powell’s comments at the IMF meeting. Higher inflation pressures in a very tight labor market are compelling for squeezing the liquidity. A double bottom formation has raised expectations of a reversal in the gold prices.Gold price has …

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• 22 April 2022 2:34 am

  Brexit Risks Could Come Back

  

  UK prepares law to give ministers power to tear up Northern Ireland post-Brexit trade deal. The UK government is preparing a legislation that will give ministers sweeping powers to tear up the post-Brexit deal governing trade in NI. Meanwhile, David Frost who negotiated the Brexit deal, and other senior Conservatives, …

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• 22 April 2022 12:16 am

  US Dollar Benefits From Hawkish Fed Language, Euro In Demand

  

  Risk-off trading conditions, triggered in part by a rise in US yields amid hawkish Fed rhetoric, saw US equities dip on Thursday and the safe-haven US dollar outperform, especially against its more risk-sensitive G10 peers like the Australian, New Zealand and Canadian dollars. The US Dollar Index (DXY) reversed an …

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• 21 April 2022 11:58 pm

  US Shares Drop As Markets Digest Hawkish Fed Comments

  

  Major US equity indices reversed early gains on Thursday amid hawkish comments from Fed Chair Powell. The S&P 500 dipped back to 4,400, having earlier rallied above 4,500 on initial strength related to strong Tesla earnings.Major US equity indices reversed early gains on Thursday as US yields rallied following hawkish …

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• 21 April 2022 11:31 pm

  Piper Raises natural gas price forecast

  

  Piper Sandler commodity analysts updated the bank’s US natural gas forecast Thursday, flagging increased exports, increased demand and “pervasive capital discipline” all leading to higher medium-term natural gas prices (UNG).Analysts now see Henry Hub (NG1:COM) averaging $6.50 in 2022, $5.50 in 2023 and $4.00 long-term; compared to prior estimates of …

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• 21 April 2022 11:22 pm

  Treasury Yields Resume Climb As US Shares Further Drop

  

  US stocks fell as the selloff in Treasuries resumed, with traders bracing for the possibility of more aggressive policy tightening by the Federal Reserve. Meanwhile, the US dollar is gaining momentum.Treasury yields rose across the curve, with the policy-sensitive two-year rate climbing as much as 15 basis points 2.73% as …

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