Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 3 May 2022 1:42 pm

  Italy hopes to end its dependence on Russian gas in the second half of 2024

  

  Italian Environmental Transformation Minister Roberto Cingolani said in an interview published on Tuesday that his country hopes to end its dependence on Russian gas in the second half of 2024. “We must achieve self-sufficiency by the second half of 2024. We can dispense with importing Russian gas,” Cingolani added to …

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• 3 May 2022 1:30 pm

  Eurozone Unemployment Rate drops to 6.8% in March vs. 6.7% expected

  

  The Eurozone Unemployment Rate dropped to 6.8% vs. 6.7% expected and 6.9% reported in February, the latest data published by the Eurostat showed on Tuesday. The Producer Price Index (PPI) in the bloc rose to 5.3% MoM in March vs. 5% expected and 1.1% previous. On an annualized basis, the …

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• 3 May 2022 1:07 pm

  Slovakia will request an exemption from any EU embargo on Russian oil

  

  Slovakia will seek an exemption from any Russian oil embargo agreed by the European Union as part of its next set of sanctions against Moscow over its invasion of Ukraine, the Slovak Economy Ministry said on Tuesday. “If there is an agreement to ban Russian oil as part of another …

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• 3 May 2022 12:57 pm

  European shares rise with the support of banks and positive business results

  

  European shares rose on Tuesday after a series of positive business results reports and with bank shares rising, supported by government bond yields reaching new highs in anticipation of faster decisions to raise interest rates. The pan-European Stoxx 600 index jumped 0.6 percent by 0716 GMT, with the banking sector …

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April, 2022

• 30 April 2022 3:04 am

  Market Drivers – US Session – Fri. 29 April

  

  The week finished with prevalent negative market sentiment. US equities recorded hefty losses, between 2.77% and 4.17%. China’s coronavirus outbreak which has lasted for the last couple of weeks threatens to disrupt supply chains. The US central bank’s increasing rate hikes to tackle inflation and the Ukraine-Russia conflict, further entering …

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• 30 April 2022 1:58 am

  Nasdaq retreats to worst low since 2008 crisis

  

  US equities and stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic.The tech-heavy Nasdaq fell 4.2% on Friday, dragged down by Amazon (AMZN), which dropped nearly 15% after …

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• 30 April 2022 1:24 am

  Could PCE Data Drive Looming Critical FOMC Meeting?

  

  The Fed’s favorite inflation gauge slowed in March, in its first retreat in more than one year, according to a report issued Friday in the run-up to next week’s meeting of the policy-setting Federal Open Market Committee.PCE data gives a reading of the Personal Consumption Expenditures Price Index that excludes …

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• 30 April 2022 12:25 am

  Chevron Profit Nearly Quadruples As Exxon Ups Stock Buyback Plan

  

  Energy prices padded the bottom lines of Exxon, Mobil, and Chevron in the first quarter, a time that has helped oil companies to tell a totally different story from that is told by the Big Tech companies, which had been falling and falling into their earnings reports.Chevron and ExxonMobil are …

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• 29 April 2022 11:51 pm

  Is Russia’s Latest Economic Data Consistent On War Impact, Sanctions?

  

  Latest economic data published by Moscow do not track private-sector surveys that show a sharp contraction in Russian manufacturing. The consequences of harsh economic sanctions against Russia are already being felt across the globe. Experts are busy explaining the significance of what has happened so far and how the conflict …

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• 29 April 2022 11:05 pm

  Lavrov: Russia Not At War With NATO, This Could Raise Risk Of Nuclear War

  

  Russian Foreign Minister Sergey Lavrov said on Friday that Russia does not consider itself to be at war with NATO, adding that such a development could raise the risk of a nuclear war, something which cannot be allowed.Moscow and Kyiv could already have achieved major results at peace talks, but …

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• 29 April 2022 10:25 pm

  USD/CHF Benefits From Safe Haven Appetite

  

  The USD/CHF to record the biggest monthly gain since May 2012, up 5.17%. A dampened market mood increased the appetite for the safe-haven Swissy as US dollar traders booked profits. USD/CHF Price Forecast: A daily close below 0.9700 might open the door for a mean reversion move.The USD/CHF retreats from …

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• 29 April 2022 10:03 pm

  US consumer income growing, but unable to cope with inflation

  

  Data released on Friday showed personal income rose 0.5% in March and a 1% increase in personal spending. Consumers had to dip into savings to pull it off, but not only did real personal expenditures rise in March, revisions lifted real February spending into positive territory as well, noted analysts …

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• 29 April 2022 7:32 pm

  WTI trades around $107.00s amid energy trade tensions

  

  WTI crude oil hit fresh weekly highs in the $107.00s on Friday and is eyeing last week’s highs above $109.00. tensions over Russia’s gas supplies to EU and the growing risk of an EU embargo on Russian oil imports has supported prices this week.China demand concerns as the country continues …

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