Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 18 April 2022 10:15 pm

  EUR/USD grinds lower Amid Risk-off Market Sentiment, Strong Dollar

  

  The Euro begins the week with negative performance, down some 0.28%. The Ukraine-Russia conflict escalates amid the lack of talks at the Foreign Ministry level. The EUR/USD pair remains downward pressured, and a daily close below 1.0806 would exacerbate a move towards 1.0636.The EUR/USD extends its losses in the North …

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• 18 April 2022 7:10 pm

  World Bank curbs global growth forecast for 2022 to 3.2% from 4.1%

  

  World Bank President David Malpass said on Monday that the institution is reducing its forecast for global growth in 2022 to 3.2% from 4.1$ previously, reported Reuters. Malpass noted that the bank has committed $11B for the purchase and deployment of vaccines in the current fiscal year, with total Covid-19 …

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• 18 April 2022 7:05 pm

  Gold Expected To Recapture $2000 Mark Despite Buoyant Us Yields, Stronger USD

  

  The Gold Price remains poised to recapture $2,000, and trades around 1.0% higher on the day. Elevated inflation, recession risks and the Russia-Ukraine war continue to boost the precious metal safe-haven appeal.This week’s speech from Fed Chair Jerome Powell will keep precious metal traders on their toes. Gold prices came …

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• 18 April 2022 5:28 pm

  Will FOMC Be Able TO Tame Hot Inflation?

  

  The economic calendar looks loose this week with most of the interesting data coming from the housing sector, although mortgage rates are over 5%, markets still have some generalization effort to do in order to get events to make sense.Because of the long holiday, which seems to be getting stronger …

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• 18 April 2022 5:15 pm

  Putin To Accelerate Switch To Trading In National Currencies Under New Conditions

  

  Russian President Vladimir Putin said on Monday that “we” must switch to trading in national currencies in new conditions. Western sanctions have led to a deterioration in the economy in the West, he continued. On the Russian economy, Putin said that retail demand has normalized, inflation is stabilizing and unemployment …

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• 18 April 2022 4:25 pm

  Gold prices rise to the highest level in a month as the Ukrainian crisis continues

  

  Gold prices jumped about 1 percent to their highest level in more than a month on Monday, as concerns about the economic fallout from the Russia-Ukraine war and rising inflation pushed investors to the precious metal as a safe haven. And the price of gold in spot transactions reached 1993.28 …

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• 18 April 2022 2:16 pm

  The ruble is rising against the dollar

  

  The ruble swung around the 80 level against the dollar on Monday, while stock indices slipped slightly as the market lacked fresh momentum and monitored developments around what Russia calls a “special military operation” in Ukraine. The Ukrainian Foreign Minister said that there had been no diplomatic contact between Russia …

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• 18 April 2022 12:33 pm

  Oil prices rise on supply concerns as the Ukraine crisis deepens

  

  Oil prices rose to their highest level in nearly three weeks on Monday, as fears of a global supply tightness intensified as the crisis in Ukraine deepened, raising the prospect of tougher Western sanctions against Russia, the world’s largest crude exporter. Brent crude futures rose 1.09, or 1.0 percent, to …

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• 18 April 2022 11:55 am

  China’s GDP expands 4.8% YoY in Q1

  

  China’s annualized GDP figures for the first quarter of 2022 arrived at % vs. 4.4% expected and 4.0% previous, with the QoQ reading coming in at 1.3% vs. 0.6% expected and 1.5% previous. With regard to Retail Sales YoY for March, the number was -3.5% vs. -1.6% expected and 6.7% …

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• 18 April 2022 11:30 am

  Gold prices rise to the highest level in more than a month

  

  Gold prices rose on Monday to touch their best level since mid-March after the Russian-Ukrainian crisis pushed investors to safe haven. And the price of gold in spot transactions rose 0.5 percent to $ 1984.20 an ounce its highest level since March 14. And US gold futures rose 0.8 percent …

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• 18 April 2022 6:56 am

  Weekly Recap – 11-15 April

  

  The euro plunged to a two-year low against the dollar on Thursday, as comments by European Central Bank President Christine Lagarde were taken as a sign that the bank will not be in a rush to raise interest rates. The euro fell to $1.0758, its lowest since April 2020. Lagarde …

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• 16 April 2022 2:23 am

  Market Drivers – US Session – 15 April

  

  US stock markets were closed for Good Friday and other holidays, while Asian indexes fell. US indexes finished the trading week with declines as investors worried about persistent inflation, prospects of economic slowdown. In addition to US stock markets, bond and commodities markets were also closed Friday. Economic DataFriday witnessed …

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• 16 April 2022 1:43 am

  Bank Earnings Signal Dark Clouds Ahead

  

  Wall Street’s biggest players have had a rough start to the year. All the biggest US banks saw negative profits in the first three months of 2022, ending a pandemic-era boom.Citi, Goldman Sachs, Morgan Stanley and Wells Fargo all announced large year-over-year profit declines in their first-quarter earnings reports Thursday, …

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