Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 27 April 2022 6:39 pm

  Putin: Western plans to suffocate Russia’s economy with sanctions have failed

  

  Russian President Vladimir Putin on Wednesday said that Western plans to suffocate Russia’s economy with sanctions have failed, reported Reuters. Putin accused the West of wanting to cut Russia up into different pieces and accused the West of pushing Ukraine into a conflict with Russia. Putin reiterated that Russia will …

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• 27 April 2022 6:18 pm

  US Pending Home Sales fall below expected

  

  US Pending Home Sales fell by 1.2% MoM in March, less than the expected 1.6% drop, after sales fell 4.0% in February, the latest figures from the National Association of Realtors showed on Wednesday. That meant the US Pending Home Sales index fell to 103.7 in March, from 105.0 a …

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• 27 April 2022 5:45 pm

  BoJ Preview: Forecasts from six major banks, policy changes in response to JPY weakness

  

  The Bank of Japan will hold its policy meeting on Thursday, April 28 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks.The BoJ is unlikely to announce any changes to its monetary policy …

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• 27 April 2022 5:16 pm

  The dollar index rushing towards 103, the highest level in 5 years

  

  At 12:58 GMT, the US dollar index rose to 103.05, its highest level since January 2017. The dollar’s ​​rise comes with the euro also falling to its lowest level in 5 years, due to the difference in monetary policy between the two regions, while the market is waiting for the …

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• 27 April 2022 5:12 pm

  US Economy Likely to Dodge Recession Despite Fed Tightening

  

  The US economy probably will grow 3.1% this year even as the Federal Reserve tightens monetary policy to quell inflation, Goldman Sachs said in a forecast on Friday.That would be the second-fastest pace in 17 years, following 2021’s 5.7% spike in GDP. The unemployment rate probably will fall to 3.3% …

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• 27 April 2022 3:58 pm

  Oil prices stabilize amid concerns about Russian supplies and demand in Asia

  

  Oil prices were broadly stable on Wednesday after Russia halted gas supplies to Bulgaria and Poland, while concerns about the impact of anti-Covid-19 shutdowns in Asia on economic growth and oil demand limited price hikes. After falling earlier, Brent crude futures rose 53 cents, or 0.5 percent, to $105.52 a …

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• 27 April 2022 2:49 pm

  The euro fell below $1.06 for the first time in five years

  The euro fell below $1.06 for the first time in five years against a broadly stronger dollar on Wednesday, amid concerns about energy security and slowing growth in China and Europe. The euro fell to a five-year low of $1.05890 after Russia’s energy giant Gazprom said it would cut gas …

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• 27 April 2022 1:43 pm

  Gold falls as the dollar rises to its highest level in more than two years

  

  Gold prices fell on Wednesday as the dollar rose to its highest level in more than two years to pressure demand for the precious metal, which is denominated in the US currency. And gold fell in spot transactions 0.6 percent to $ 1893.70 an ounce by 0809 GMT. And US …

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• 27 April 2022 12:44 pm

  European shares fall due to focus on Russian gas supplies and mixed results for companies

  

  European shares fell in choppy trading on Wednesday as markets received mixed results and as tensions escalated in the energy sector after Russian energy giant Gazprom halted gas supplies to Bulgaria and Poland. The pan-European Stoxx 600 index fell 0.4 percent and appeared to be on its way to a …

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• 27 April 2022 12:03 pm

  Japan’s Nikkei closes at its lowest level in two weeks

  

  Japan’s Nikkei closed at its lowest level in two weeks on Wednesday, tracking Wall Street’s drop overnight, on fears of a global economic slowdown and the impact of the COVID-19 shutdown in China on domestic corporate results. The Nikkei index fell by 1.17 percent to close at 26,386.63 points, its …

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• 27 April 2022 5:06 am

  Currencies Overview: The Japanese Yen is The Biggest Loser

  The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …

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• 27 April 2022 4:53 am

  Market Drivers – US Session – 26 April

  

  Forex trade was again dominated by risk-off on Tuesday, with the safe-haven yen and US dollar’s outperforming, as US equities cratered. Investors and traders cited everything from economic and military tensions between Russia and the NATO to China lockdown risk and worsening global growth expectations in addition to the anticipated …

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• 27 April 2022 4:30 am

  USD/CAD Eyeing Exhaustion Level As Oil Rebounds

  

  The USD/CAD pair is witnessing some signs of exhaustion after a bulldoze upside move from the previous week’s low at 1.2458. The asset has been scaling higher as negative market sentiment has been underpinning the safe-haven assets. While exhaustion signals at monthly highs of 1.2830 could be tagged to a …

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