Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 8 April 2022 3:07 am

  USD/CAD Holds Firmer Upside Move

  

  The USD/CAD pair has witnessed a firmer upside move in the last three trading sessions, which is driving the pair nearer to 1.2600 after hitting 1.2403 low on Tuesday. The asset has managed to close above the 20-period Exponential Moving Average (EMA) on Thursday, which is trading at 1.2570 and …

  Read More »
• 8 April 2022 1:27 am

  Lifted By Tesla, US Stocks-S&P 500 Closes Higher

  

  The S&P 500 ended higher on Thursday, with Pfizer and Tesla fueling a late-session rally while investors eyed the war in Ukraine and a potentially more aggressive Fed. Tesla Inc rose 1.2% and Microsoft Corp added 0.6%, helping lift the S&P 500 and provide the Nasdaq a modest gain.Also supporting …

  Read More »
• 8 April 2022 12:51 am

  US Banks Hit By Ukraine War, Investment Banking Activity Retreats

  

  Earning expectations for the big banks have been dialed back through the first quarter amid Russia sanctions and a steep decline in deal activity Big US banks are expected to reveal the impact of the Ukraine war and a drop in investment banking activity related to moribund capital markets when …

  Read More »
• 8 April 2022 12:12 am

  Fed’s Bostic: Fully appropriate to move policy closer to neutral, but cautiously

  

  Atlanta Fed President Raphael Bostic said on Thursday that while it is fully appropriate that the Fed move policy closer to a neutral position, it should do so in a cautious way.It’s going to take longer than initially thought for supply chain issues to resolve, he added, noting that the …

  Read More »
• 7 April 2022 11:25 pm

  Most Cryptocurrencies Decline As UNISWAP Tumbles

  

  Most of the largest cryptocurrencies retreated on Thursday, with UNIUSD seeing the biggest move, declining by 1.43% to $10.19. Seven additional currencies posted decreases Thursday. Dogecoin DOGEUSD shed 1.17% to 15 cents, and Bitcoin Cash BCHUSD fell 1.12% to $335.98.Bitcoin has been losing 4.5% within last 24 hours, falling back …

  Read More »
• 7 April 2022 10:56 pm

  Gold Price’s Breakout Is Looming

  

  The gold price is stuck within familiar ranges, bouncing around between a daily resistance and support channel. However, like a coil, the build-up of energy and maintained force could be about to set off an almighty breakout, one way or the other. The Gold Index, XAU/USD, is trading at $1,934.09, …

  Read More »
• 7 April 2022 10:06 pm

  EUR/USD Flat Despite Hawkish ECB Minutes

  

  The Euro is almost flat in the North American session after reaching a daily high at 1.0938, courtesy of hawkish than expected European Central Bank (ECB) March meeting minutes, despite broad risk aversion in the market. Nevertheless, of late, the EUR/USD dipped below the 1.0900 mark and is trading at …

  Read More »
• 7 April 2022 7:20 pm

  Bullard: Would like to see Fed funds rate hit 3.5% in H2 2022

  

  St Louis Fed President James Bullard on Thursday said that he would like to see the Federal Funds rate hit 3.5% in the second half of 2022, reported Reuters. Bullard said he would “lean into” a 50 bps rate hike at the May meeting, though he is watching the data. …

  Read More »
• 7 April 2022 6:10 pm

  Despite Sanctions, China Buys Russian Energy With Yuan

  

  Russian oil and coal purchased in yuan will arrive in China soon. China and Russia are attempting to maintain energy trade even while other nations cut off Russian imports. In May, the first cargoes of Russian oil purchased in yuan will arrive at refiners in China. China is buying Russian …

  Read More »
• 7 April 2022 5:43 pm

  US Shares Under Pressure As Risks Turned Back Lower

  

  The S&P 500 Index has come under pressure over the past couple of sessions, however key support at 4455/50 is still holding for now. Only a break below the current level would turn the short-term risks back lower in the range, according to analysts at Credit Suisse.S&P 500 is holding …

  Read More »
• 7 April 2022 5:13 pm

  US Weekly Initial Jobless Claims Decline Below Expectations

  

  There were 166,000 Initial Jobless Claims in the US in the week ending on 2 April, the latest release from the US Department of Labour on Thursday showed, a record low.That was well below the median economist forecast for a reading of 200,000 and a steep drop from the prior …

  Read More »
• 7 April 2022 4:49 pm

  The dollar is heading to a two-year summit after the minutes of the Federal Reserve meeting

  

  The dollar is set to hit a two-year high against a basket of major currencies on Thursday after the Federal Reserve’s meeting minutes revealed that the US central bank was preparing to act aggressively to combat inflation, while commodity-linked currencies fell. The euro remained near a one-month low of less …

  Read More »
• 7 April 2022 3:24 pm

  Kyodo: Japan will withdraw 15 million barrels of oil reserves

  

  Japan will withdraw 15 million barrels of state and private oil reserves as part of the second round of a coordinated withdrawal process led by the International Energy Agency, Kyodo News Agency said on Thursday. Kyodo said the move would mark Japan’s largest-ever contribution to the process led by the …

  Read More »