Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 28 April 2022 7:05 pm

  ECB Official Hints at first rate hike during Q3

  

  European Central Bank Governing Council member Ignazio Visco has added his voice to heated discussions on when the ECB will begin to raise its benchmark interest rate.Rates in the Eurozone have been negative following the region’s sovereign debt crisis, and the ECB has confirmed that it will conclude its net …

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• 28 April 2022 6:28 pm

  Despite US GDP Contraction, Three Reasons Support USD’s Strength

  

  Recession is generally defined by two consecutive quarters of economic shrinking. The US economy squeezed by 1.4% in the first quarter of 2022, so it would only take another one to have an official downturn. Not so fast – not a recession, nor the dollar. The US economy grew by …

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• 28 April 2022 5:49 pm

  USD/CAD eases from multi-week highs on dismal US GDP data

  

  The relentless USD buying pushed USD/CAD to a fresh multi-week high on Thursday. The disappointing release of the US GDP capped the upside for the USD and spot prices. Softer crude oil prices, aggressive Fed rate hike bets support prospects for further gains.The USD/CAD pair trimmed a part of its …

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• 28 April 2022 5:10 pm

  US: Weekly Initial Jobless Claims fall to 180K

  

  There were 180,000 initial claims in the US economy in the week ending on 23 April, in line with consensus estimates and a slight decline from last week’s 185,000 reading which was revised up from 184,000, according to data released by the US Department of Labour on Thursday. That meant …

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• 28 April 2022 4:49 pm

  US economy shrinks by 1.4% in Q1

  

  The annualized pace of US real GDP growth in Q1 2022 came in at a negative 1.4%, according to data released by the US Bureau of Economic Analysis on Thursday. That was a big miss on expectations that the economy had grown at an annualized pace of 1.4% in Q1 …

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• 28 April 2022 3:28 pm

  The yen falls to its lowest level in 20 years and pressure on the euro increases

  The dollar rose against the yen above 130 yen on Thursday for the first time since 2002, after the Bank of Japan maintained its commitment to ultra-loose monetary policy, while the euro briefly fell below $1.05. There was some speculation in the market that the BoJ might pull back a …

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• 28 April 2022 1:57 pm

  ECB Economic Bulletin: Russia’s aggression in Ukraine is causing enormous suffering

  

  Russia’s aggression in Ukraine is causing enormous suffering. It is also affecting the economy, in Europe and beyond. The conflict and the associated uncertainty are weighing heavily on the confidence of businesses and consumers. Trade disruptions are leading to new shortages of materials and inputs. Surging energy and commodity prices …

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• 28 April 2022 1:06 pm

  Japan shares rise as central bank adheres to ultra-loose monetary policy

  

  Japanese stocks rose on Thursday after the Bank of Japan renewed its commitment to ultra-accommodative monetary policy and investors were relieved that no surprises would negatively affect the stock market. The Nikkei index rose 1.75 percent at the close, recording 26,847.90 points, the largest daily increase since April 13, after …

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• 28 April 2022 12:23 pm

  Annual inflation in Russia rises to the highest level since 2002

  

  Russia’s annual inflation accelerated to 17.70 percent as of April 22, the highest level since early 2002, and up from 17.62 percent a week ago, due to sharp price hikes amid Western sanctions, the Russian Economy Ministry said on Wednesday. Prices of just about everything, from vegetables and sugar to …

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• 28 April 2022 11:44 am

  Bank of Japan keeps policy steady

  

  The Bank of Japan was expected and has maintained its key interest rates at today’s meeting, continuing to defend low rates with bond-buying but is uber dovish and pessimistic in its guidance. The yen is now pushed above 129 the figure toughing a 20-year high and that is where it …

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• 28 April 2022 11:15 am

  Russia’s Gazprom continues to export gas to Europe via Ukraine

  

  Russian gas pipeline operator Gazprom continued to supply Europe with natural gas through Ukraine on Thursday, according to European consumer demands, data from a Ukrainian gas pipeline operator showed. The data indicated that requests amounted to 63.4 million cubic meters on April 28.

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• 28 April 2022 2:29 am

  Market Drivers – US Session – Wed. 27 April

  

  Wednesday witnessed a sharp reversal of recent yen strength, which lacked a clear trigger. Meanwhile, the US dollar has reclaimed the top spot in the daily G10 performance table, and saw the trade-weighted US Dollar Index (DXY) hit fresh more than five-year highs. The Dollar Index rallied to the north …

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• 28 April 2022 2:06 am

  T-yields surge as investors eye clues on Fed plans

  

  US Treasury yields surged at the long end on Wednesday after the prior day’s rally as investors awaited greater clarity on the “restrictive” policy the Federal Reserve plans to pursue next week to combat inflation by curbing economic growth.This week a lot of the price action you’ve seen in bonds …

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