Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 1 April 2022 3:52 am

  Market Drivers – US Session – 31 March

  

  The euro tumbled on Thursday as investors fretted about rising EU-Russia economic tensions after Russian President Vladimir Putin doubled down on a demand that European nations pay for Russian gas in roubles, exacerbating fears that Russia might block energy exports to the EU bloc. This, coupled with a generalized paring …

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• 1 April 2022 2:28 am

  Zelensky Comments On Ukraine’s Crisis

  Ukrainian President Volodymyr Zelenskyy on Thursday said ”the situation in the south and the Donbas region remained extremely difficult and reiterated that Russia was building up forces near the besieged city of Mariupol.”“There will be battles ahead. We still need to go down a very difficult path to get everything …

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• 1 April 2022 1:31 am

  North American Natural Gas Futures Surge Amid Volatility

  

  May contracts concluded for the prompt month for New York Mercantile Exchange natural gas futures opened with a bang Wednesday, rising 27.5 cents day/day and settling at $5.605/MMBtu while June futures gained 27.7 cents to $5.658.After slumping to start the week, natural gas futures regained momentum similar to last week’s …

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• 1 April 2022 1:12 am

  Gold Consolidates Ahead of NFP Data

  

  Gold has been on the front foot since the European morning, bouncing from the $1920 level into the $1940s. A ramping up of energy-related tensions between EU nations and Russia plus risk-off flows have benefitted the precious metal.The gold price is currently in a phase of consolidation ahead of the …

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• 1 April 2022 12:23 am

  Will NFP report tip the scales on the Fed’s decision in May?

  

  Friday’s awaited report will be the final NFP data immediately before the next Fed meeting in early May, where traders are currently split between expecting a 25bps and a 50bps rate hike.It is like a problematic monetary policy riddle; how can a central bank raise interest rates, but be further …

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March, 2022

• 31 March 2022 11:22 pm

  US Diminished purchasing power Impacts real spending

  

  February marked the seventh straight month in which inflation outpaced income, raising doubts about consumer spending stamina, explained analysts at Wells Fargo commenting personal income and spending data released on Thursday. Even with inflation at a 40-year high, the 0.4% drop in real spending in February might be overstating the …

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• 31 March 2022 11:12 pm

  EUR/JPY Sharply Reverses As European Stocks, Yields Drop

  

  Risk-off flows in European equities coupled with downside in Eurozone yields weighed heavily on EUR/JPY on Thursday. The pair was last trading down 1.0% in the 154.50 area, a sharp reversal from intra-day highs closer to 157.00.A sharp drop in Eurozone yields coupled with downside in major European equity bourses …

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• 31 March 2022 11:03 pm

  US Shares Retreat On Dismal Market Sentiment

  

  US equities are recording losses in the North American session as Wall Street is about to finish March on a lower note. The S&P 500, the Dow Jones Industrial, and the tech-heavy Nasdaq Composite are falling between 0.30% and 0.43%, each one sitting at 4,576.32, 35075.94, and 15,014.01 respectivelyObviously, a …

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• 31 March 2022 8:24 pm

  Oil plunges, global stocks fall as risk appetite flags

  

  Global stocks fell on Thursday as recession concerns and the Russian-Ukranian war curbed demand for risky assets, while oil prices plunged over $5 on news that the United States may release some of its emergency oil reserves.With Thursday’s drop, US and European stocks are set for their worst quarterly performance …

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• 31 March 2022 7:11 pm

  US To Release 1M Barrels A Day Of Oil Reserve For Six Months

  

  The Biden Administration will release 1M barrels per day in oil from the US Strategic Petroleum Reserve (SPR) over the next six months, according to a statement released by the White House on Thursday. The White House statement continued that the President will call on Congress to pass his plan …

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• 31 March 2022 5:13 pm

  US annual Core PCE inflation rises to 5.4% in February

  

  Annual inflation in the US rose to 5.4% in February according to the latest Core PCE Price Index reading released by the US Bureau of Economic Analysis on Thursday. That was a tad below the expected reading of 5.5% YoY, but above January’s 5.2% reading. The MoM gain in prices …

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• 31 March 2022 4:37 pm

  US: Weekly Initial Jobless Claims rise to 202K

  

  Initial Jobless Claims in the week ending on 26 March came in at 202,000, a tad above the expected reading of 197,000 and up versus the previous week’s 188,000 print. Continued Jobless Claims fell to 1.307M in the week ending on March 19, below the expected rise to 1.35M from …

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• 31 March 2022 3:22 pm

  Moody’s withdraws all credit ratings of Russian entities

  

  Moody’s said it has withdrawn all credit ratings of Russia and designated Russian quasi-sovereign entities. The agency said it decided to withdraw the ratings for commercial reasons of its own. Last week, Moody’s announced its intention to withdraw its credit ratings for entities, following similar moves by global rating agency …

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