Open Demo Account

Market Analysis

April, 2023

  • 17 April 2023 5:18 pm

    Oil slips as recession fears loom over economic data

    Oil prices moved lower on Monday as investors deliberated over a likely May interest rate hike by the U.S. Federal Reserve, which might hamper economic recovery hopes, despite Chinese GDP data was expected to augur well for demand growth. Brent crude futures were down 55 cents or 0.6% at $85.76 …

    Read More »
  • 17 April 2023 2:30 pm

    European stocks rise ahead of earnings announcements from more large US banks

    European stocks rose on Monday as investors expected major US banks to continue reporting strong quarterly earnings this week, while also looking forward to the Federal Reserve ending its interest rate hike cycle. The European STOXX 600 index rose 0.3 percent after hitting its highest level in more than a …

    Read More »
  • 17 April 2023 1:41 pm

    Oil stabilized amid anticipation of Chinese GDP data

    Oil prices stabilized on Monday, amid anticipation among investors for Chinese economic data, in search of signs of recovery in demand in the second-largest oil consumer in the world. Brent crude futures fell seven cents to $86.24 a barrel by 0746 GMT, and US West Texas Intermediate crude fell six …

    Read More »
  • 17 April 2023 12:55 pm

    Asian stocks flat, Chinese markets rise on recovery hopes

    Most Asian stocks moved slightly on Monday amid hawkish comments from Federal Reserve officials, while Chinese markets outperformed as the People’s Bank maintained medium-term lending rates ahead of a swathe of data indicators. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes climbed nearly 0.8% each after the PBOC maintained …

    Read More »
  • 17 April 2023 11:52 am

    Dollar rose with the increase in expectations of raising interest rates

    Forex

    The dollar rose on Monday and hit a one-month high against the yen after strong US retail sales and impressive earnings from Wall Street banks increased market expectations that the Federal Reserve will raise interest rates in May. Data released on Friday showed that so-called core retail sales, which exclude …

    Read More »
  • 17 April 2023 6:25 am

    Financial Markets’ Weekly Recap, April 10-14

    On Friday, the dollar headed for the most extended period of weekly losses in nearly three years as traders reinforced expectations that the Federal Reserve is about to end the cycle of raising interest rates after indications that inflation may subside. Thursday’s data showed US wholesale prices, which are measured …

    Read More »
  • 15 April 2023 4:48 am

    Market Drivers – US Session 14/04/2023 Markets are digesting mixed signals amid a state of renewed uncertainty. Not even officials of major central banks know what to do or what they will have on their agendas next. After crucial economic data from the US, what is clear is that the …

    Read More »
  • 15 April 2023 3:08 am

    Wild swings in gold prices after comments by Fed officials

    Another significant movement is finishing the week with the price of gold. Gold lost all weekly gains on Friday, sliding $40 for the day after reaching a 13-month high on Thursday. On a macro level, hawkish comments made by Fed officials and good economic news are having an impact on …

    Read More »
  • 15 April 2023 1:35 am

    Despite Friday’s decline, Dow closes trading week with gains

    Despite declining on Friday, the Dow Jones Industrial Average had a good week as investors weighed a disappointing retail sales report that dampened expectations for a stronger-than-expected start to corporate earnings. To reach 33,886.47, the 30-stock Dow fell 143.22 points, or around 0.42%. S&P 500 index decreased 0.21% to 4,137.64. …

    Read More »
  • 15 April 2023 12:14 am

    USD/CAD’s scope to move lower based on BoC, oil prices

    The USD/CAD pair is on its way to closing below 1.3400 for the lowest weekly close since February. The Canadian Dollar has some room to rise in the near future, according to MUFG Bank analysts. Analysts have been relatively skeptical about the prospects for CAD, and overall for the year, …

    Read More »
  • 14 April 2023 11:09 pm

    Will GBP be able to continue to outperform?

    Less bad news than true positive news is being reflected in the strength of the British pound. Analysts note that the Bank of England will be heavily reliant on UK data (including employment and inflation) the following week. Although the pound has done well this year, recent data may have …

    Read More »
  • 14 April 2023 10:00 pm

    Friday’s stronger US dollar drags EUR/USD lower

    The US Dollar strengthens on Friday after US data and remarks by some Fed officials. The EUR/USD pair drops 80 pips from top, but holds firm to weekly gains. The EUR/USD is losing ground on Friday as the US Dollar recovers a part of recent losses. The pair reached a …

    Read More »
  • 14 April 2023 6:23 pm

    UoM’s Consumer Confidence Index improves in April

    Consumer sentiment in the US improved modestly in early April with the University of Michigan’s (UoM) Consumer Confidence Index rising to 63.5 (preliminary) from 62 in February. This reading came in better than the market expectation of 62. Consumer Confidence Index in the US rose slightly in April. The US …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends