Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 11 April 2022 12:05 pm

  Oil is falling due to fears of the closure in China

  

  Oil prices fell more than $2 a barrel on Monday, following a second consecutive weekly decline after countries announced plans to withdraw record amounts of crude and petroleum products from their strategic stocks and as lockdowns continued in China. Brent crude fell $2.05, or 2.0 percent, to $100.73 a barrel …

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• 11 April 2022 3:00 am

  EUR Benefits From French Elections As Macron leads 54%, le Pen 46%

  

  Emmanuel Macron and Marine Le Pen are running a fierce competition against each other in the final round of the French presidential election and the latest poll. Macron is leading 54% versus Le pen’s 46%.The euro is trading 0.25% in the open. Official results of the election are expected later …

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• 11 April 2022 2:47 am

  Weekly Market Recap 4-8 April

  

  It has been an eventful week as the US dollar played some competing roles. This has frustrated some traders, seeking to interpret and know how to deal with critical developments such as the FOMC’s first rate hike in years in light of several Fed speakers during the week.First and foremost, …

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• 9 April 2022 3:08 am

  Market Drivers – US Session – 8 April

  

  The EUR/USD pair remains pressured and aims at finishing the week on the wrong foot amidst a mixed market sentiment. The EUR/USD is trading at 1.0876 as traders prepare for the weekend.Geopolitics and hawkish Fed keep market sentiment mixed. Investors’ mood was mixed during the North American session. US equities …

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• 9 April 2022 2:07 am

  Germany To Stop Russian Gas Imports ‘Very Soon’

  

  German chancellor, Olaf Scholz, said that Germany is doing all it can to wean itself off Russian energy, but declined to endorse a claim by Boris Johnson that it would stop importing Russian gas by the middle of 2024.Scholz said only that the goal would be achieved very soon, and …

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• 9 April 2022 1:54 am

  Baker Hughes: US drillers add oil and gas rigs for third successive week

  

  US energy firms last week added oil and natural gas rigs for a third successive week as the federal government seeks more production to help its allies wean themselves off Russian energy, mainly oil and gas.The oil and gas rig count, an early indicator of future output, rose 16 to …

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• 9 April 2022 1:45 am

  Ahead Of ECB Rate Decision, EUR/USD Hovers Near 1.0875

  

  The EUR/USD pair remains pressured and aims at finishing the week on the wrong foot amidst a mixed market sentiment. The EUR/USD is trading at 1.0876 as traders prepare for the weekend.Geopolitics and hawkish Fed keep market sentiment mixed. Investors’ mood was mixed during the North American session. US equities …

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• 9 April 2022 1:26 am

  Markets Await Better Than Expected Earnings Season

  

  Markets still hope for an the earnings season that is better than expectations. Robust support is seen with a stronger labour market. The US economy is in great shape from that perspective. Equity markets are expected to rebound. Markets are also looking for them to go back up toward their …

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• 9 April 2022 12:34 am

  US Shares Fall As Tech Shares Lag With Fed In Focus

  

  US stocks exhibited mixed performance on Friday, with investors continuing to digest signals concerning the next monetary policy-related moves by the US central bank. The S&P 500 and Dow rose, shaking off earlier losses. The Nasdaq shares held in the red territory as technology stocks underperformed. As of Thursday’s close, …

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• 8 April 2022 11:52 pm

  Gold Steadies Around $1940s Despite High T-Yields, Hawkish Fed

  

  Gold has managed to remain buoyant despite rising US Treasury yields amid an upbeat market mood, as investors shrugged off the Ukraine-Russia brawl and a hawkish Fed, which according to March’s minutes, would hike 50-bps in the May meeting as well as reducing the $9 trillion balance sheet. XAU/USD is …

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• 8 April 2022 10:25 pm

  ECB Moving toward a more hawkish stance

  

  Analysts at Danske Bank revised their forecast for the European Central Bank and now look for a rate hike in September and December. Despite the more hawkish stance from the ECB, they still forecast EUR/USD at 1.05 in twelve months. Key Quotes: “We revise our ECB call slightly after the …

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• 8 April 2022 7:01 pm

  Tesla rallies on Cybertruck news despite China recall

  

  Tesla (TSLA) stock gained over 1% in a combination of broad market recovery and follow-on from some strong delivery data last weekend. Tesla however remains on watch for further losses as it has failed to break the previous high and remains in a medium-term downtrend from a technical perspective.Elon Musk …

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• 8 April 2022 6:32 pm

  WTI expected to close in red territory for second successive week

  

  The WTI crude oil is expected to end lower for a second successive week. Meanwhile, traders digest this week’s IEA reserve release announcements.The WTI crude oil currently trades a little bit lower on the day around $96.00 after hitting March lows on Thursday. Technical selling after breaking below a long-term …

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