Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 12 April 2023 6:18 pm

  US consumer price gains slow; underlying inflation still hot

  

  Although petrol prices decreased in March, consumer prices in the United States hardly increased. However, stubbornly high rents maintained underlying inflation pressures at a simmer, making it probable that the Federal Reserve will increase interest rates again next month. However, the Labor Department’s data on Wednesday contained some positive news …

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• 12 April 2023 5:03 pm

  U.S. CPI falls to 5.0% in March

  

  U.S. headline inflation slowed by more than expected in March, according to data from the Bureau of Labor Statistics on Wednesday. On an annual basis, the consumer price index for the month dipped to 5.0% from 6.0% in February. Economists had projected that the reading would fall to 5.2%. The …

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• 12 April 2023 3:16 pm

  Bank of Canada seen holding on rates amid cooling inflation, financial turmoil

  

  Despite the fact that GDP surged in the first quarter, many predict that the Bank of Canada will keep rates on hold on Wednesday as inflation cools and due to stress in the global financial system. The Bank of Canada halted its tightening campaign last month, setting its benchmark rate …

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• 12 April 2023 1:46 pm

  Caution hangs over European stocks ahead of the release of US inflation data

  

  Calm dominated trading in European stocks on Wednesday, as investors remained cautious ahead of the release of US inflation data, which is expected to provide more indications of the Federal Reserve’s decision on monetary policy next month. The pan-European Stoxx 600 index was up 0.1 percent by 0707 GMT. Real …

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• 12 April 2023 12:59 pm

  Forex: Dollar is falling ahead of the release of US inflation data

  

  The dollar fell on Wednesday ahead of the closely watched inflation reading later in the day that will provide more clues on the path of Federal Reserve policy on interest rates. After announcing strong jobs data in the US last week, eyes are now focused on the inflation report and …

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• 12 April 2023 6:16 am

  Where will Bitcoin go next after $30,000’s leap?

  

  At the time of writing, the price of one bitcoin is $30,174. The most well-known cryptocurrency asset increased on Tuesday, surpassing the crucial psychological threshold of $30,000 as investors anticipated crucial inflation data later in the week that could affect cryptocurrency values.By market capitalization, the biggest cryptocurrency was last up …

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• 12 April 2023 5:39 am

  Market Drivers – US Session 11/04/2023

  

  Further to earlier reports, the International Monetary Fund has reportedly stated that “should Japanese long-term rates rise further, Japanese investors’ repatriation of funds could affect sovereign bond yields in Australia, several euro area countries, and in the US.” This is in reference to earlier reports that the IMF on Tuesday …

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• 12 April 2023 2:07 am

  ECB’s Villeroy warns Eurozone inflation at risk of getting entrenched

  

  “Eurozone inflation is at risk of getting entrenched above 2% so the European Central Bank will keep fighting excessive price growth, even as its policy response is shifting gears,” said French central bank chief Francois Villeroy de Galhau late Tuesday per Reuters.The EUR/USD pair grinds higher and holds onto the …

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• 12 April 2023 1:09 am

  Wall Street floats through a quiet US session ahead of CPI data

  

  Stocks and bonds made small changes on Wall Street on Tuesday as trading was quiet in anticipation of news later in the week that might affect the markets.The S&P 500 lost 0.17 points, or less than 0.1%, to 4,108.94, its smallest one-day movement in more than a year. The majority …

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• 12 April 2023 12:12 am

  WTI bulls move back in to test the recent output cuts

  

  As the US dollar declines, WTI crude oil surges to test resistance once more. Reduced crude oil output keeps the price of black gold higher. On Tuesday, WTI oil prices increased by over 2% to $81.55 per barrel as investors prepared for data that would reveal additional reductions in US …

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• 11 April 2023 11:10 pm

  US CPI Preview: Inflation softening, is there good news on the horizon?

  

  The US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Wednesday, April 12. As markets get closer to the release time, economists and researchers of 10 major banks published their forecasts regarding the upcoming US inflation reading for …

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• 11 April 2023 10:09 pm

  Fed’s Goolsbee: We need to asses potential impact of financial stress on US economy

  

  Federal Reserve Bank of Chicago President Austan Goolsbee, said on Tuesday that policymakers need to be cautious about raising interest rates after recent development in the banking sector. He mentioned that the central bank needs to assess the potential impact of the financial stress on the real economy. Speaking at …

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• 11 April 2023 7:27 pm

  GBP/USD bulls anticipate a drop in US prices

  

  The GBP/USD pair is up by +0.05% and is trading at 1.2430. While risk sentiment has strengthened, the British pound has found stability in a crucial support level, keeping sterling close to the 10-month high it reached last week on speculation that interest rates will shortly peak and decline later …

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