Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 7 April 2023 11:57 pm

  What Does Wall Street Expect From Next Week’s Earnings, CPI Data?

  

  Investors are more confident now than they were before the banking crisis in March that the Fed will lower interest rates in the second half to prevent a recession. Bond yields have decreased as a result of such bets, boosting the massive growth and technology stocks that control broad market …

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• 7 April 2023 10:56 pm

  Can China’s Growing Geopolitical Power Influence Energy Traders?

  

  WTI crude oil is trading at $80.415 per barrel, at the time of writing, while Brent cruse is trading at 84.66 per barrel. Trading, by definition, is a short-term endeavour. Although it may feel like a very long time when traders are watching and waiting for a move, positions are …

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• 7 April 2023 9:07 pm

  After NFP, the US Dollar Index continues to recover

  

  The US Dollar Index spikes to 102.29 and retreats to 102.00.  March US jobs report mostly in line with expectations. Wall Street’s holiday will likely keep price action limited, normal activity to return on Tuesday. The US Dollar Index (DXY) rose to 102.29 after the release of the US March …

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• 7 April 2023 6:14 pm

  EUR/USD drops to four-day lows after NFP on strong US dollar

  

  In an immediate reaction, the EUR/USD fell from 1.0915 to the 1.0880 zone, reaching the lowest level since Monday, after the release of the US employment report. Numbers came in mostly in line with expectations, boosting the Greenback across the board.US Nonfarm Payrolls rise by 236K in March against 240K …

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• 7 April 2023 4:32 pm

  US Nonfarm Payrolls rise by 236,000 in March

  

  Nonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and came in slightly below the market consensus of 240,000. (revised from 311,000).

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• 7 April 2023 4:03 pm

  Central Europe’s policymakers double down on hawkish message

  

  In the past two weeks, central bankers in central Europe have stepped up their hawkish policy messaging in an effort to dissuade investors from placing bets that they will soon start an easing cycle. Their message is beginning to find momentum. These policy cautions came amid a European market slump …

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• 7 April 2023 2:27 pm

  The Russian ruble fell to its lowest level since April 2022

  

  On Friday, the Russian ruble fell to its lowest level against the dollar and the euro since April 2022, crossing the 90 ruble barrier against the euro amid a foreign currency crisis and the sale of Western companies in Russia. The ruble fell 1.1% against the dollar to 82.28 by …

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• 7 April 2023 1:04 pm

  China forex reserves rise to $3.18 trln in March

  

  China’s foreign exchange reserves rose in March, official data showed on Friday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose $51 billion to $3.184 trillion last month, compared with $3.149 trillion tipped by a Reuters poll of analysts and …

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• 7 April 2023 11:58 am

  Japan’s Nikkei records slight gains amid the weakness of the yen

  

  Japan’s Nikkei rose on Friday, trimming its weekly losses, as sentiment was boosted by a weaker yen and Wall Street closing higher overnight. The Nikkei index ended Friday’s trading, up 0.17 percent, at 27,518.31 points. However, it remained far from the high it recorded early in the session at 27,591.15 …

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• 7 April 2023 4:38 am

  Market Drivers – US Session 06/04/2023

  

  On Friday, when markets are closed worldwide for Easter, the official US jobs report will be issued. March nonfarm payroll growth is anticipated to be 240,000. With volatility rising around the NFP publication, trading volume is anticipated to be low. There won’t be much activity before or after. Holidays and …

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• 7 April 2023 4:14 am

  Friday’s NFP reading to set the scene for noteworthy scenarios

  

  On Friday, when markets are closed worldwide for Easter, the official US jobs report will be released. The increase in nonfarm payrolls for March is anticipated to be 240,000. The trade volume on Friday is probably going to be thin, with volatility spiking around the NFP report. There won’t be …

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• 7 April 2023 1:03 am

  AUD/USD drops for three straight days as Wall Street gains on risk aversion

  

  Initial Jobless Claims for April 1 increased to 228,000, above projections of 200,000, signaling a softening of the US labour market. Since Wall Street is expected to complete the week with gains, with the exception of the Dow Jones, which fell by 0.02%, the AUD/USD extends its losses to three …

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• 7 April 2023 12:21 am

  5-month trendline supports USD/CAD’s steady ascent.

  

  The USD/CAD pair has a tendency to move downward, and the current upswing may reach a ceiling around 1.3568/75. At 1.3705, the cycle high set on December 16, there is still room for USD/CAD to rise.The USD/CAD is making a three-day rebound after plummeting towards 1.3400, but it is still …

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