Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 5 April 2022 5:32 pm

  Biden Administration looking at ways to boost oil imports from Canada

  

  Biden administration officials are looking at ways to boost oil imports from Canada, the Wall Street Journal reported on Tuesday. The White House still opposes the Keystone pipeline and other options include shipping more oil by rail, or expanding pipeline capacity along existing routes. The Canadian dollar saw immediate strength …

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• 5 April 2022 5:27 pm

  The Russia-Ukraine War Can Push Bitcoin to $50K Soon

  

  After peaking at $48,000 last week, Bitcoin tested the resistance level and moved sideways during the weekend’s trading. The cryptocurrency saw a weak correction simultaneously, while Ethereum made a faster recovery, testing the $3,500 area. Bitcoin tested $48,000, the end of the bullish range of its latest trend, and saw …

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• 5 April 2022 3:53 pm

  The European Union may propose new, tougher sanctions against Russia

  

  An EU source told Reuters that the European Commission will propose on Tuesday, April 5th, that EU countries impose sweeping new sanctions on Russia, including a ban on imports of coal, rubber, chemicals and other products from Russia worth up to nine billion euros annually. The source said the EU …

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• 5 April 2022 3:05 pm

  Oil rises as Iran nuclear talks falter, supply disruption fears

  

  Oil futures extended gains in trading on Tuesday as the United States and Europe plan to impose new sanctions against Russia over alleged war crimes committed by Russian forces in Ukraine, heightening concerns about supply disruptions as Iran nuclear talks falter. Brent crude futures rose 1.20 dollars, equivalent to 1.1%, …

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• 5 April 2022 2:00 pm

  Gold prices decline amid expectations of new sanctions against Russia

  

  Gold prices fell in trading today, Tuesday, with the continued stability of the US dollar, amid increasing expectations of imposing new sanctions against Russia, and the Federal Reserve raising interest rates further to control high inflation rates. And the spot price of gold decreased by 0.2% to reach $ 1928.52 …

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• 5 April 2022 1:15 pm

  The rise of oil limits the losses of European shares

  

  European shares were little changed on Tuesday, as a rise in oil prices due to the possibility of more sanctions on crude-exporting Russia lifted energy shares, helping to offset losses in banks and industrial companies. The pan-European STOXX 600 index rose 0.1 percent by 0710 GMT, after two days of …

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• 5 April 2022 12:33 pm

  Nikkei tracks Wall Street gains

  

  Japan’s Nikkei index closed higher on Tuesday after a choppy session, tracking gains on Wall Street overnight, but investors’ caution about corporate earnings expectations capped gains. The Nikkei rose 0.19 percent to close at 27,787.98 points, after falling as much as 0.26 percent earlier in the session. Shares of oil …

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• 5 April 2022 3:20 am

  Market Drivers – US Session – 4 April

  

  Most major currency pairs struggled to find direction on Monday, as market participants remained cautious ahead of the announcement of new sanctions on Russia. The EUR was the worst performer and the AUD was the best one. Economic DataThe Bank of Canada released its latest Business Outlook Survey and the …

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• 5 April 2022 2:57 am

  Gold Price hovers around $1,930 ahead of US Services PMI, yields

  

  Gold is oscillating in a range of $1,915.78-1,949.86 from the last three trading sessions amid positive market sentiment. The digestion of worst-case scenarios amid Russia’s invasion of Ukraine by the market participants has kept the tone of the market favorable. The precious metal is trading lackluster and is looking for …

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• 5 April 2022 1:13 am

  GBP/USD Flat Despite US dollar’s strength

  

  The US dollar is robust at the start of the week, with the DXY higher on the day so far by nearly 0.5% and for three straight sessions.Markets still pricing a lot more than what the Bank of England has guided. GBP/USD is flat on the day and has traded …

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• 5 April 2022 12:39 am

  WTI price holds back above $100

  

  West Texas Intermediate (WTI) crude oil rose on Monday on persisting supply concerns as Russian energy sanctions are very much on the table following the Russian forces’ civilian killings in north Ukraine. For a fresh high of the day, at $103.82. WTI spot is up by some 4.5% as White …

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• 5 April 2022 12:30 am

  Knot: To face high inflation, ECB needs gradual but timely normalization

  

  Dutch central bank head and European Central Bank governing council member Klaas Knot said on Monday that the ECB should act in the face of high inflation and that gradual but timely normalization of policy is needed, reported Reuters. High inflation is not entirely due to the supply shock and …

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• 4 April 2022 11:44 pm

  US Shares Advances Despite Geopolitical Fears As US Banks Turn More Bullish

  

  US equities shrugged off geopolitical concerns and advanced on Monday amid outperformance in large-cap tech stocks. Recent Russo-Ukraine war developments raise the risk of an EU embargo on Russian energy imports and peace talk breakdown.But major US banks have been becoming more bullish on the equity market’s outlook. US equity …

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