Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 23 April 2022 12:19 am

  Fed’s Assets Retreat To Level Of 5 Weeks Ago

  

  Total assets on the Fed’s weekly balance sheet as of April 20, released this afternoon, declined to $8.955 trillion, roughly the same as on March 16 and below the levels of March 23 and April 13. Beyond the week-to-week ups and downs, caused by the peculiarities of Mortgage Backed Securities …

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• 23 April 2022 12:10 am

  Mester: Fed moves to tighter financial conditions

  

  Cleveland Fed President and FOMC member Lorreta Mester, speaking in an interview on CNBC, said on Friday that the Fed wants to see tighter financial conditions, though not all at once. “We are in a recalibration phase for monetary policy,” she said, adding that the Fed’s goal is to bring …

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• 22 April 2022 11:53 pm

  What Wall Street Expects From French Elections

  

  French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent President Emmanuel Macron and rival Marine Le Pen.Centrist Macron was seen taking the lead against his far-right opponent in the final day of campaigning, taking a 57.5% …

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• 22 April 2022 10:55 pm

  Why does Yellen Ponder lower US tariffs on Chinese goods?

  

  US Treasury Secretary Janet Yellen said on Friday that it is worth considering steps to lower US tariffs on Chinese goods in order to ease inflation, and that there would be some “desirable effects” of lowering tariffs. Speaking in a CNBC interview earlier in the day, Yellen stated on Friday …

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• 22 April 2022 10:28 pm

  Canada Sees Positive signs for consumer spending in February, March

  

  Data released in Canada on Friday showed a better-than-expected reading on February retail sales. Analysts point out that retail sales volumes held their own in February and March, despite the headwinds to goods spending of mounting inflationary pressure and reopening service industries. The 0.1% gain in February was a little …

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• 22 April 2022 6:43 pm

  Slowdown warnings flash for UK economy as inflation surges

  

  The UK economy is heading for a slowdown, or possibly even a recession, as consumers and businesses are hit by the leap in inflation, higher taxes, rising interest rates and uncertainty caused by the war in Ukraine.Bank of England Governor Andrew Bailey said on Thursday the BoE was walking a …

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• 22 April 2022 6:33 pm

  WTI trades around $100 as traders trapped by slowdowns, supply concerns

  

  WTI trades a few dollars lower on Friday but is within recent intra-day ranges in the low $100s. Amid a lack of fresh developments, oil traders are mulling various oil market-relevant themes.Crude oil prices continue to trade in uneventful fashion, with front-month WTI futures stuck within their intra-day ranges of …

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• 22 April 2022 6:17 pm

  US Flash Markit Manufacturing PMI rises to 59.7 in April versus 58.2 expected

  

  Manufacturing PMI was a little stronger than expected, but Services PMI was much weaker than expected. The Dollar Index (DXY) did not react to the latest PMI data release. IHS Markit’s headline Manufacturing PMI rose to 59.7 in April from 58.8 in March, above expectations for a slight decline to …

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• 22 April 2022 4:51 pm

  Canada: Retail Sales rise by 0.1% in March

  

  Headline Retail Sales in Canada rose by 0.1% MoM in March, according to the latest figures released by Statistic Canada on Friday, above expectations for a 0.4% MoM decline. March’s 0.1% growth rate marked a substantial slowdown from February’s strong 3.3% MoM growth rate, which was revised a tad higher …

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• 22 April 2022 3:35 pm

  European shares slip as investors brace for a rate hike

  

  European shares fell as traders intensified their bets on raising the interest rate after statements tending to tighten from central bank officials, while shares of the German software giant SABB and French luxury goods Kering fell after the two companies announced the results of the first quarter of the year. …

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• 22 April 2022 2:40 pm

  The euro is falling after statements from the European Central

  

  The euro fell on Friday after officials from the European Central Bank made mixed statements, while the dollar was supported by expectations of a 50 basis point interest rate hike from the Federal Reserve. European Central Bank President Christine Lagarde gave some indication of easing by saying that the bank …

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• 22 April 2022 1:23 pm

  Japanese stocks close lower, pressured by the decline of Wall Street, and Toshiba shares jump

  

  Japanese shares closed lower on Friday for the first time in four sessions, tracking Wall Street, which fell overnight after the Fed’s interest rate views, while Toshiba shares rose sharply after opening the door to acquisitions. The Nikkei index ended the session down 1.63 percent, recording 27,105.26 points, while the …

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• 22 April 2022 12:22 pm

  Oil is heading for a weekly decline of about 4% as demand concerns persist

  

  Oil prices fell on Friday, heading towards a weekly decline of about four percent, affected by expectations of higher interest rates, weak global growth and restrictions to combat Covid-19 in China, which negatively affected demand, although the European Union is considering banning Russian oil imports. By 0130 GMT, Brent crude …

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