Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 5 April 2022 2:00 pm

  Gold prices decline amid expectations of new sanctions against Russia

  

  Gold prices fell in trading today, Tuesday, with the continued stability of the US dollar, amid increasing expectations of imposing new sanctions against Russia, and the Federal Reserve raising interest rates further to control high inflation rates. And the spot price of gold decreased by 0.2% to reach $ 1928.52 …

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• 5 April 2022 1:15 pm

  The rise of oil limits the losses of European shares

  

  European shares were little changed on Tuesday, as a rise in oil prices due to the possibility of more sanctions on crude-exporting Russia lifted energy shares, helping to offset losses in banks and industrial companies. The pan-European STOXX 600 index rose 0.1 percent by 0710 GMT, after two days of …

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• 5 April 2022 12:33 pm

  Nikkei tracks Wall Street gains

  

  Japan’s Nikkei index closed higher on Tuesday after a choppy session, tracking gains on Wall Street overnight, but investors’ caution about corporate earnings expectations capped gains. The Nikkei rose 0.19 percent to close at 27,787.98 points, after falling as much as 0.26 percent earlier in the session. Shares of oil …

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• 5 April 2022 3:20 am

  Market Drivers – US Session – 4 April

  

  Most major currency pairs struggled to find direction on Monday, as market participants remained cautious ahead of the announcement of new sanctions on Russia. The EUR was the worst performer and the AUD was the best one. Economic DataThe Bank of Canada released its latest Business Outlook Survey and the …

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• 5 April 2022 2:57 am

  Gold Price hovers around $1,930 ahead of US Services PMI, yields

  

  Gold is oscillating in a range of $1,915.78-1,949.86 from the last three trading sessions amid positive market sentiment. The digestion of worst-case scenarios amid Russia’s invasion of Ukraine by the market participants has kept the tone of the market favorable. The precious metal is trading lackluster and is looking for …

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• 5 April 2022 1:13 am

  GBP/USD Flat Despite US dollar’s strength

  

  The US dollar is robust at the start of the week, with the DXY higher on the day so far by nearly 0.5% and for three straight sessions.Markets still pricing a lot more than what the Bank of England has guided. GBP/USD is flat on the day and has traded …

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• 5 April 2022 12:39 am

  WTI price holds back above $100

  

  West Texas Intermediate (WTI) crude oil rose on Monday on persisting supply concerns as Russian energy sanctions are very much on the table following the Russian forces’ civilian killings in north Ukraine. For a fresh high of the day, at $103.82. WTI spot is up by some 4.5% as White …

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• 5 April 2022 12:30 am

  Knot: To face high inflation, ECB needs gradual but timely normalization

  

  Dutch central bank head and European Central Bank governing council member Klaas Knot said on Monday that the ECB should act in the face of high inflation and that gradual but timely normalization of policy is needed, reported Reuters. High inflation is not entirely due to the supply shock and …

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• 4 April 2022 11:44 pm

  US Shares Advances Despite Geopolitical Fears As US Banks Turn More Bullish

  

  US equities shrugged off geopolitical concerns and advanced on Monday amid outperformance in large-cap tech stocks. Recent Russo-Ukraine war developments raise the risk of an EU embargo on Russian energy imports and peace talk breakdown.But major US banks have been becoming more bullish on the equity market’s outlook. US equity …

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• 4 April 2022 11:35 pm

  USD/CAD Drops Amid Strong Data, Hawkish BOS Survey

  

  Though the latest Business Outlook Survey (BOS), released by the Bank of Canada once per quarter, was broadly interpreted as supporting the case for a faster pace of rate hikes from the BoC in the quarters ahead, its impact on the Canadian Dollar was limited. The USD/CAD pair was last …

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• 4 April 2022 10:17 pm

  Financial Markets Look for Guidance, Why Does Tuesday’s PMI Matter?

  

  The US dollar has reclaimed 99.00 on expectation of strong US Services PMI on Tuesday. A preliminary estimate for the US Services PMI is 58 against the prior print of 56.5. Nearly 80% of the US economy revolves around services, which heightens attention around the US ISM services PMI as …

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• 4 April 2022 9:07 pm

  Fed: To Discuss Balance sheet announcement at FOMC Meeting In May

  

  The release of the Federal Reserve’s latest FOMC meeting minutes on Wednesday will be a key event this week. At that meeting, the central bank raised interest rates as expected. Wells Fargo pointed out the importance of the additional information that will contain the minutes regarding the balance sheet runoff. …

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• 4 April 2022 9:01 pm

  BoC Business Outlook Survey: Q1 indicator dips to 4.98

  

  The Bank of Canada released its latest Business Outlook Survey and the headline indicator dipped back to 4.98 in Q1 2022 from the record high of 5.9 it hit in Q4 2021. The BOS survey was conducted before Russia’s invasion of Ukraine and a special survey that was conducted in …

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