Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 4 April 2022 12:43 pm

  Japan’s Nikkei rises, supported by gains in Wall Street and Asian stocks

  

  Japan’s Nikkei index closed higher on Monday in a range-bound session, tracking gains in Wall Street and other Asian stock markets, but chip-related stock losses limited the index’s gains. The Nikkei rose 0.25 percent to close at 27,736.47 points, after falling 0.3 percent earlier in the session. The broader Topix …

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• 4 April 2022 7:37 am

  Weekly Recap – 28 March – 1 April

  

  The dollar rose on Friday after a report showed strong US job growth in March. In addition, the unemployment rate fell to a two-year low, and wages rebounded, boosting speculation that the Federal Reserve would raise interest rates by 50 points at its meeting. Next. The widely watched US Labor …

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• 2 April 2022 3:31 am

  Market Drivers – US Session – 1 April

  

  GBP/USD fell during US trade on Friday, as the US dollar strengthened versus the majority of its G10 counterparts. following strong US economic data.The US dollar benefitted from a surge in US yields, particularly at the short-end of the curve. The bond market moves reflected a market interpreting Friday’s data …

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• 2 April 2022 3:19 am

  Q1 Mobile Game Earnings Down 7% At $21bn

  

  The first quarter of 2022 witnessed increase of ad spending on game marketing by 41% year-over-year. A new report by Sensor Tower says that during the first quarter of 2022, mobile games generated $21 billion, which represents a decrease of 7% compared to the period last year.The analytics firm also …

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• 2 April 2022 2:55 am

  NFP Data Proves Win-Win For USD

  

  The US economy gained 431000 jobs in March, on top of upward revisions and other upbeat data. There is nothing in the data suggesting that the Fed will refrain from a 50 bps rate hike. The US dollar is set to gain ground as traders take risks off the table …

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• 2 April 2022 1:29 am

  Baker Hughes: US Oil Drilling Rig Count Counts For Second Week

  

  Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by two to 533 this week. That followed a climb of seven oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

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• 2 April 2022 1:16 am

  Gold Price Retreats from $1950 On Stronger USD, High T-Yields

  

  Gold slumps for the third day of the week amid an upbeat market mood and rising US yields. The Gold Index (XAU/USD) slides as the second quarter begins, down some 0.64% in the North American session. The Russia-Ukraine tussles, elevated global inflation, and rising US Treasury yields, keeping the non-yielding …

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• 2 April 2022 1:06 am

  Tesla To Celebrate Record Quarter Amid High Fuel Prices

  

  Tesla is expected to announce another record quarter despite industrywide supply-chain woes as the world’s top maker of electric vehicles benefits from high gas prices pushing more buyers toward plug-in models.The company likely delivered 309,158 vehicles globally during the first three months of the year, according to a dozen analysts …

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• 2 April 2022 12:50 am

  US liquefied natural gas exports rise 16%, to new record

  

  US liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate.US LNG is in high demand as European countries try to cut gas imports from Russia following its invasion of Ukraine while also looking …

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• 2 April 2022 12:35 am

  US Equities Drop As Strong US Data Boosts Fed Tightening Bets

  

  US equities were on course to post a third successive day in the red on Friday as strong US labour market data and an inflationary ISM Manufacturing PMI report raised the prospect of a faster pace of Fed tightening this year and next. The S&P 500 was last trading about …

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• 1 April 2022 11:06 pm

  IMF: US Economy Looks Strong Enough to Avoid Recession

  

  Economic growth will likely slow but it is expected to remain stay positive. It is too early to talk about the risk of a recession in the US, where growth is likely to remain positive for the near future even as it slows down, according to the International Monetary Fund’s …

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• 1 April 2022 10:48 pm

  Commodities Finish Best Quarter in Over 30 Years

  

  Commodities wrapped up their best quarter in over 32 years in the aftermath pf Russia’s invasion of Ukraine supercharged a rally in markets from oil to wheat and nickel.The commodities’ rally extends last year’s rebound, which was driven by higher consumer demand for goods and services when the economy reopened …

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• 1 April 2022 9:15 pm

  Should Markets Panic? Why Could T-yields Be Recession Warning?

  

  One of the more reliable warning signals for an economic recession is shining brighter. The yield curve is watched for clues to how the bond market is feeling about the US economy’s long-term prospects. Should Markets Panic?Fed Chair Jerome Powell would say no. Last week, he said that he pays …

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