Open Demo Account

Market Analysis

April, 2022

  • 13 April 2022 11:02 pm

    JPMorgan’s Dimon downbeat as profit drops 42%

    JPMorgan

    JPMorgan Chase & Co’s (JPM.N) Chief Executive Jamie Dimon warned of economic uncertainties arising from Russia’s invasion of Ukraine and soaring inflation, after first-quarter profits at the largest US bank slumped 42%.JPMorgan had reported record profit during the first quarter last year, benefiting from a dealmaking boom after the Federal …

    Read More »
  • 13 April 2022 10:45 pm

    Gold Holds Gains, Hovers Around $1,980

    Gold holds in fresh bull-cycle highs in the midday New York session. The Gold Price is being supported amid continued demand for inflation protection in wake of the latest CPI/PPI data. Geopolitical tensions also remain higher and the prospects of Russo-Ukraine peace remain poor, underpinning the Gold Index.Gold price has …

    Read More »
  • 13 April 2022 10:37 pm

    JPMorgan: Powerful Forces Threaten US Economy

    Bank’s first-quarter profit fell 42% as it socked away funds to prepare for higher defaults in case of recession. JPMorgan Chase is the first major US bank to report its results for the first quarter. JPMorgan Chase & Co.’s pandemic boom ended with a sharp drop in profits and a …

    Read More »
  • 13 April 2022 6:59 pm

    Yellen: Will be “a long time before USD replaced as key global currency

    Janet Yellen

    US Treasury Secretary Janet Yellen said on Wednesday that it will be “a long time, if ever” before the US dollar is replaced as the key currency for the global economy. The impact of sanctions on Russia show the importance of the US dollar and euro, as well the US’ …

    Read More »
  • 13 April 2022 6:38 pm

    US Equities Start Ahead As Q1 Earnings Season Kicks Off

    The Dow Jones Industrial Average added around 66 points to stand at 34,286. The S&P 500 added around nine points at 4,407. The tech laden Nasdaq index gained around 34 points to stand at 13,406US benchmarks started marginally ahead on Wednesday after a volatile start as first quarter earnings season …

    Read More »
  • 13 April 2022 6:05 pm

    Breaking: BoC hikes interest rates by 50 bps to 1.00%

    The Bank of Canada announced on Wednesday that it had increased benchmark interest rates by 50 bps to 1.00% from 0.50%, as widely expected by analysts. The central bank also announced plans to begin reducing the size of its balance sheet, also known as Quantitative Tightening (QT), from 25 April, given …

    Read More »
  • 13 April 2022 6:00 pm

    When is the BoC monetary policy decision and how could it affect USD/CAD?

    Bank of Canada

    The Bank of Canada (BoC) is scheduled to announce its monetary policy decision this Wednesday at 14:00 GMT. The Canadian central bank is widely expected to hike its benchmark interest rate by 50 bps for the first time since May 2000 and announce quantitative tightening (QT) to control spiralling inflation. …

    Read More »
  • 13 April 2022 5:51 pm

    EUR/USD to further decline on unchanged guidance from the ECB

    The EUR/USD pair crawls towards 1.08 with little help coming from the European Central Bank (ECB) tomorrow. Economists at Scotiabank expert the world’s most popular currency pair to sustain further losses on unchanged guidance from the ECB.On the French elections front, early runoff polls show Macron defeating Le Pen. With …

    Read More »
  • 13 April 2022 4:31 pm

    Bitcoin at its lowest level in three weeks

    Cryptocurrencies continued to slide to their lowest levels in three weeks, as inflation in the United Kingdom raised persistent concerns about the health of the global economy. Bitcoin rose 0.3% to $40,134, but was still flat above the $40,000 key support level. Ethereum, the closest competitor by market capitalization, gained …

    Read More »
  • 13 April 2022 3:00 pm

    Oil prices rise amid focus on fears of falling supplies

    Oil prices rose on Wednesday after Russia said peace talks with Ukraine had reached a dead end, fueling supply concerns, while weak economic data from China and Japan kept gains limited. By 0808 GMT, Brent crude rose 48 cents, or 0.5 percent, to $105.12 a barrel. West Texas Intermediate crude …

    Read More »
  • 13 April 2022 1:30 pm

    European shares fall for a third day, affected by fears of high inflation

    European Stocks

    European shares fell for the third session in a row on Wednesday, April 13, pressured by fears of rising inflation and its potential impact on the upcoming earnings season, which undermined risk appetite. The pan-European Stoxx6000 index fell 0.2%, retail and technology stocks fell, while the mining sector advanced. And …

    Read More »
  • 13 April 2022 12:59 pm

    Gold is rising as the demand for safe havens increases

    Gold prices rose on Wednesday after fears of an escalation of the conflict between Russia and Ukraine boosted demand for safe-havens, including the precious metal, but gains were limited by the rise of the dollar. Spot transactions rose 0.2 percent to $ 1969.76 an ounce, after hitting a one-month high …

    Read More »
  • 13 April 2022 12:30 pm

    Nikkei records biggest increase in 3 weeks after US inflation data

    Japan

    Japan’s Nikkei index closed higher on Wednesday, posting the biggest increase in more than three weeks after the release of US inflation data that came largely in line with analyst expectations. The Nikkei ended the session up 1.93 percent at 26,843.49 points, the largest increase since March 22 and a …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends