Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 14 April 2022 6:38 pm

  UoM Consumer Sentiment Index Rises Above Expectations

  

  The preliminary estimate of the University of Michigan’s (UoM) Consumer Sentiment Index for April rose to 65.7 from 59.4 last month, above the expected reading of 59.0, data released on Thursday showed. The Consumer Expectations Index was also significantly stronger than expected at 64.1 versus forecasts for a reading of …

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• 14 April 2022 5:54 pm

  GBP/USD Slips Back As Sterling Weakens Post-ECB

  

  The GBP/USD pair has dipped back under 1.3100 as it weakens in tandem with the euro post-dovish ECB policy announcement. The pair remains at risk of falling to sub-1.3000 levels amid the risk of more BoE/Fed policy divergence.Though the currency hasn’t been weighed as badly as its euro counterpart, the …

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• 14 April 2022 5:46 pm

  USD/CAD Rebounds Swiftly As USD Gets Stronger

  

  The USD/CAD pair staged a goodish intraday bounce from over a one-week low set earlier this Thursday. Weaker oil prices undermined the CAD and extended support amid resurgent USD demand. Bulls seemed rather unaffected by the disappointing release of the US Retail Sales figures.The USD/CAD pair recovered nearly 70 pips …

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• 14 April 2022 5:36 pm

  IMF To Downgrade Global Growth Outlook For 2022, 2023

  

  International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that the IMF will be downgrading the outlook for global growth for both 2022 and 2023, reported Reuters. She cited inflation, tightening of financial conditions and frequent Covid-19 lockdowns in China as weighing on activity. Additional Takeaways:• Since the …

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• 14 April 2022 5:26 pm

  US: Weekly Initial Jobless Claims rise to 185K

  

  There were 185,000 initial jobless claims in the US on the week ending on 9 April, the latest report from the US Depart of Labour showed on Thursday. That was a little above expectation for a rise to 171,000 from 167,000 one week prior. The four-week average number of initial …

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• 14 April 2022 4:37 pm

  Gold is on its way to achieving weekly gains amid political and economic risks

  

  Gold prices fell on Thursday but were still on track to record a weekly increase, supported by the demand for safe havens due to the Ukraine crisis and mounting price pressures. By 1100 GMT, gold fell in spot transactions 0.2 percent to $ 1973.41 an ounce, after rising for six …

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• 14 April 2022 3:49 pm

  ECB leaves rates unchanged at -0.50% as expected,

  

  The European Central Bank left its benchmark deposit rate unchanged at -0.50% on Thursday as unanimously expected by analysts. The central bank also reiterated its guidance that net asset purchases (Quantitative Easing or QE) should end in Q3. to be updated

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• 14 April 2022 3:32 pm

  CBRT Leaves Repo Rate Unchanged at 14%

  

  The Central Bank of the Republic of Turkey left its benchmark interest rate, the one-week repo rate, unchanged at 14.00% on Thursday, as market participants had been expecting. The CBRT’s decision to hold interest rates comes despite the headline rate of Consumer Price (CPI) Inflation in Turkey surging above 60% …

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• 14 April 2022 3:02 pm

  Elon Musk offers to buy Twitter for $41.39 billion

  

  A regulatory filing on Thursday said billionaire Elon Musk has offered to buy Twitter for $41.39 billion. Musk’s bid of $54.20 per share represents a 38 percent premium to Twitter’s closing price on April 1, which was the last trading day before the Tesla CEO announced his investment in more …

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• 14 April 2022 2:30 pm

  StanChart slashes Africa and Middle East business to lift profit

  

  Standard Chartered Bank said on Thursday it will scale back its activities in Africa and the Middle East, as it seeks to cut costs and focus on more profitable markets. The bank will fully exit from Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra Leone and Zimbabwe. It will also halt its …

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• 14 April 2022 1:59 pm

  The mixed results limit the gains of European shares before the ECB

  

  European stock prices stabilized on Thursday after the release of mixed business results for several companies, while investors awaited the decisions of the European Central Bank amid risks to economic growth from rising inflation. The pan-European Stoxx 600 index was little changed by 0722 GMT after the strong closing of …

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• 14 April 2022 1:30 pm

  Japan shares close higher for the second day after a push from Wall Street

  

  Japan’s Nikkei rose for a second session on Thursday, boosted by technology and travel stocks, tracking gains made by Wall Street Thursday night. The Nikkei ended the session up 1.22 percent to 27,172 points, to close above the 27,000 points level for the first time since the sixth of April. …

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• 14 April 2022 12:59 pm

  Oil Prices Fall Amid Mixed Signals on Supplies

  

  Oil prices fell on Thursday in limited trading ahead of a public holiday, as traders weighed the impact of a larger-than-expected rise in US oil inventories in the face of global supply shortages. By 0632 GMT, Brent crude futures fell $1.14, or 1.1 percent, to $107.64 a barrel, while the …

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