Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 11 April 2022 4:54 pm

  Oil below $100 due to withdrawals and fears of a closure in China

  

  Oil prices fell by four dollars a barrel on Monday, falling below $100 a barrel, after countries announced plans to withdraw record amounts of crude and oil products from their strategic stocks and with continued shutdowns in China. Brent crude fell $3.93, or 3.8 percent, to $98.58 a barrel by …

  Read More »
• 11 April 2022 4:16 pm

  Palladium jumps 5% on supply concerns, inflation risks lift gold prices

  

  On Monday, palladium prices jumped 5 percent to their highest level in more than two weeks, driven by supply concerns after trading of the metal was suspended from Russia, while gold prices increased due to inflation tension caused by the war in Ukraine. Palladium rose 4.5 percent to $ 2534.40 …

  Read More »
• 11 April 2022 3:26 pm

  The Russian oil embargo may be part of the next EU sanctions package

  

  The Russian oil embargo may be part of the The European Commission, the European Union’s executive arm, is preparing proposals for an EU embargo on Russian oil, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is no agreement yet. Referring to the commission, Irish …

  Read More »
• 11 April 2022 2:40 pm

  Ukraine can export 600,000 tons of grain and oilseeds per month

  

  With the Black Sea ports closed, Ukraine can export 600,000 tons of grain and oilseeds per month, but may increase its export capacity to 2 million tons, the Ukrainian Grain Traders Union (UGA) said on Monday. Ukraine used to export almost all of its grains and oilseeds through seaports but …

  Read More »
• 11 April 2022 2:05 pm

  The Euro Begins to Recover

  

  The euro appeared to be on its way on Monday to end a seven-day losing streak against the dollar, as the European single currency rallied after French President Emmanuel Macron defeated far-right rival Marine Le Pen in the first round of the presidential election. Investors’ concern about the future trends …

  Read More »
• 11 April 2022 1:53 pm

  UK: Real GDP Grows by 0.1% in February

  

  The data published by the UK’s Office for National Statistics showed on Monday that the real Gross Domestic Product grew by 0.1% on a monthly basis in February. This print followed January’s expansion of 0.8% and missed the market expectation of 0.3%. Other data from the UK revealed that the …

  Read More »
• 11 April 2022 12:53 pm

  Japan’s Nikkei closed lower, technology stocks affected by Nasdaq

  

  Japan’s Nikkei closed lower on Monday, as technology stocks followed the Nasdaq’s decline, which was affected by the Federal Reserve’s (US Central Bank) strong move to tackle inflation. The Nikkei index fell 0.61 percent to close at 2,6821.52 points after it had been trading higher earlier in the session. The …

  Read More »
• 11 April 2022 12:05 pm

  Oil is falling due to fears of the closure in China

  

  Oil prices fell more than $2 a barrel on Monday, following a second consecutive weekly decline after countries announced plans to withdraw record amounts of crude and petroleum products from their strategic stocks and as lockdowns continued in China. Brent crude fell $2.05, or 2.0 percent, to $100.73 a barrel …

  Read More »
• 11 April 2022 3:00 am

  EUR Benefits From French Elections As Macron leads 54%, le Pen 46%

  

  Emmanuel Macron and Marine Le Pen are running a fierce competition against each other in the final round of the French presidential election and the latest poll. Macron is leading 54% versus Le pen’s 46%.The euro is trading 0.25% in the open. Official results of the election are expected later …

  Read More »
• 11 April 2022 2:47 am

  Weekly Market Recap 4-8 April

  

  It has been an eventful week as the US dollar played some competing roles. This has frustrated some traders, seeking to interpret and know how to deal with critical developments such as the FOMC’s first rate hike in years in light of several Fed speakers during the week.First and foremost, …

  Read More »
• 9 April 2022 3:08 am

  Market Drivers – US Session – 8 April

  

  The EUR/USD pair remains pressured and aims at finishing the week on the wrong foot amidst a mixed market sentiment. The EUR/USD is trading at 1.0876 as traders prepare for the weekend.Geopolitics and hawkish Fed keep market sentiment mixed. Investors’ mood was mixed during the North American session. US equities …

  Read More »
• 9 April 2022 2:07 am

  Germany To Stop Russian Gas Imports ‘Very Soon’

  

  German chancellor, Olaf Scholz, said that Germany is doing all it can to wean itself off Russian energy, but declined to endorse a claim by Boris Johnson that it would stop importing Russian gas by the middle of 2024.Scholz said only that the goal would be achieved very soon, and …

  Read More »
• 9 April 2022 1:54 am

  Baker Hughes: US drillers add oil and gas rigs for third successive week

  

  US energy firms last week added oil and natural gas rigs for a third successive week as the federal government seeks more production to help its allies wean themselves off Russian energy, mainly oil and gas.The oil and gas rig count, an early indicator of future output, rose 16 to …

  Read More »