Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2023

• 10 April 2023 9:37 pm

  GBP/USD trading below 1.2400 on misty week’s start

  

  Next Thursday, the UK will reveal crucial macroeconomic data. On the strength of a gloomy market environment, the American Dollar is gaining. With selling pressure present, the GBP/USD pair may decline towards 1.2273. GBP/USD is currently trading at approximately 1.2380 after making a minor recovery from an intraday low of …

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• 10 April 2023 7:01 pm

  ECB’s de Cos: Core inflation likely continue high in the Eurozone

  

  According to Reuters, policymaker for the European Central Bank (ECB) Pablo Hernandez de Cos stated on Monday that core inflation in the Eurozone is expected to continue high for the remainder of the year.“There is still territory to be covered in terms of monetary policy,” de Cos continued, “if the …

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• 10 April 2023 4:59 pm

  Oil edges higher as tighter supply looms

  

  After climbing for three weeks straight, oil prices increased little on Monday as anticipation of supply reductions from Saudi Arabia and other OPEC+ members outweighed worries about slowing global growth that would reduce demand for gasoline. After OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, …

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• 10 April 2023 4:09 pm

  U.S. stock futures hover near flatline amid key economic data

  

  U.S. stock futures were largely steady on Monday as traders re-entered the market after the Easter weekend and faced a slew of important economic reports that might influence the direction of Federal Reserve monetary policy going forward. At 11:00 GMT, the Nasdaq 100 futures were down 16 points or 0.13%, …

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• 10 April 2023 2:25 pm

  Gold is down 1% after the US jobs data

  

  Gold prices fell by 1 percent to below $2,000 on Monday after US jobs data showed continued strength in the labor market, which reinforced expectations that the Federal Reserve would raise interest rates again in May. Spot gold fell 0.8 percent to $1,992.97 an ounce by 0613 GMT. US gold …

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• 10 April 2023 1:23 pm

  Japan stocks closed higher, supported by global economic expectations

  

  Japanese stocks rose at the close Monday, April 10, with the yen falling slightly, supported by hopes about the global economy’s ability to withstand rising inflation and raising interest rates, but stock movements were limited ahead of the first press conference of Bank of Japan Governor Kazuo Ueda. The Nikkei …

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• 10 April 2023 12:08 pm

  Oil rose in early Asian trading

  

  Oil prices rose in early Asian trading on Monday, supported by expectations of production cuts targeted by OPEC + starting in May, but gains were limited by concerns about the global economic outlook. Brent crude futures rose 13 cents, or 0.2%, to $85.25 a barrel by 2356 GMT, while US …

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• 10 April 2023 6:56 am

  Financial Markets’ Weekly Recap, April 3-7

  

  Nonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and came in slightly below the market consensus of 240,000. (revised from 311,000).Global financial markets ended last week with mixed performance reflecting …

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• 8 April 2023 3:43 am

  Market Drivers – US Session 07/04/2023

  

  After Friday’s NFP data, attention is shifting turns to US inflation and global growth concerns. Markets continue to move fast. Economic DataNonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and …

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• 8 April 2023 2:22 am

  Russia reduced oil output by bpd 700,000 in March

  

  On Friday, Russia said that it reduced daily oil production in March by 700,000 barrels. That was a greater decrease than the 500,000 barrels per day that the nation had previously committed to. The decreased output coincides with OPEC+’s promise to lower production by 1.1 million barrels per day beginning …

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• 7 April 2023 11:57 pm

  What Does Wall Street Expect From Next Week’s Earnings, CPI Data?

  

  Investors are more confident now than they were before the banking crisis in March that the Fed will lower interest rates in the second half to prevent a recession. Bond yields have decreased as a result of such bets, boosting the massive growth and technology stocks that control broad market …

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• 7 April 2023 10:56 pm

  Can China’s Growing Geopolitical Power Influence Energy Traders?

  

  WTI crude oil is trading at $80.415 per barrel, at the time of writing, while Brent cruse is trading at 84.66 per barrel. Trading, by definition, is a short-term endeavour. Although it may feel like a very long time when traders are watching and waiting for a move, positions are …

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• 7 April 2023 9:07 pm

  After NFP, the US Dollar Index continues to recover

  

  The US Dollar Index spikes to 102.29 and retreats to 102.00.  March US jobs report mostly in line with expectations. Wall Street’s holiday will likely keep price action limited, normal activity to return on Tuesday. The US Dollar Index (DXY) rose to 102.29 after the release of the US March …

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