Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 12 April 2022 4:17 pm

  US CPI Preview: Forecasts from 7 major banks, another lurch forward

  

  The US Bureau of Labor Statistics will release the March Consumer Price Index (CPI) data on Tuesday, April 8 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 7 major banks regarding the upcoming US inflation print. …

  Read More »
• 12 April 2022 2:56 pm

  Germany: Annual HICP rises to 7.6% in March

  

  Annual inflation in Germany, as measured by the Harmonised Index of Consumer Prices (HICP), rose to 7.6% in March, Destatis reported on Tuesday. This print matched the market expectation and the flash estimate. The Consumer Price Index (CPI) arrived at 7.3% and 2.5% on a yearly and monthly basis, respectively.

  Read More »
• 12 April 2022 2:21 pm

  German ZEW Economic Sentiment Index drops to -41 in April

  

  The findings of the German ZEW survey showed on Tuesday that the Economic Sentiment Index declined modestly to -41 in April from -39.3 in March. This reading came in much better than the market expectation of -48. Underlying details of the publication revealed that the Current Situation Index dropped to …

  Read More »
• 12 April 2022 1:36 pm

  Japan shares close near four-week lows

  

  Japanese stocks closed lower on Tuesday, approaching four-week lows, and high-tech stocks led the declines, following in the footsteps of their US peers. The Japanese Nikkei index closed down 1.81 percent to record 2,6334.98 points, its lowest level since March 16. The broader Topix index fell 1.38% to 1,863.63 points. …

  Read More »
• 12 April 2022 12:45 pm

  Oil rises after Shanghai ease Covid restrictions, OPEC warns of supply shortage

  

  Oil prices rose on Tuesday as concerns about demand in China eased after Shanghai eased some restrictions related to the spread of the Covid-19 disease, while OPEC warned that it would be impossible to increase production enough to offset the loss of supplies from Russia. Brent crude futures rose $2.98, …

  Read More »
• 12 April 2022 2:22 am

  Market Drivers – US Session – 11 April

  

  The market sentiment was sour at the beginning of the week, with the US dollar initially falling but later recovering against its major rivals. Demand for safety pushed USD/CHF lower, to the 0.9300 region, and gold higher, as the precious metal trades around $1,950 per ounce.Economic DataBritish stocks ended lower …

  Read More »
• 12 April 2022 2:06 am

  Could $39,000 Level Assist Bitcoin price trend?

  

  The price of stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve.Bitcoin last fell 7% to $40,009.78, according to Coin Metrics. Earlier in the day it fell to $39,785.68, falling below the key $40,000 support level for the …

  Read More »
• 12 April 2022 1:51 am

  Zelenskyy: Russian forces could use chemical weapons

  

  The Ukrainian president Volodymyr Zelenskyy has crossed the wires recently and said that the Russian forces could use chemical weapons and that they take that threat seriously. He does not say chemical weapons have already been used. Meanwhile, there are reports that people are suffering from respiratory failure and neurological …

  Read More »
• 12 April 2022 12:54 am

  USD/CAD Reacts To China’s demand for oil

  

  The USD/CAD pair is trading near the highs of the day towards the North American close. US oil continues to bleed out and correct the Ukraine crisis rally. Eyes will be on the US CPI data and the Bank of Canada this week. At 1.2635, USD/CAD is higher by 0.51% …

  Read More »
• 12 April 2022 12:00 am

  Could Biden admin, Fed policies lead to ‘troubled’ US economy?

  

  The United States economy is facing several threats, including the war in Ukraine, high prices, painful grocery bills, spiking gasoline prices, troubled supply chains, laggard recovery from the pandemic, and rising interest rates that some economists look upon as a cause of slowdown and a hindrance of growth.Biden’s White House …

  Read More »
• 11 April 2022 10:34 pm

  Gold Index at key $1,970 resistance, busy week ahead

  

  At $1,947, the gold price is underwater in mid-New York Trade. The price hs range traded between a high of $1,970.02 and a low of $1,940.03 on the day so far. Traders have already seen good volatility in financial and commodity markets owing to the French elections, the ongoing crisis …

  Read More »
• 11 April 2022 10:08 pm

  Fed’s Evans: High prices will persist for longer than I thought, but won’t be permanent

  

  Chicago Fed President and FOMC member Charles Evans on Monday said that high prices in the US will persist for longer than he originally though, though will not be permanent, reported Reuters. The Fed has to reposition itself in its response, he said, noting that supply chain pressures are more …

  Read More »
• 11 April 2022 10:00 pm

  EU Foreign Ministers agree to intensify weapon deliveries to Ukraine

  

  The German Foriegn Minister on Monday said that EU Foreign Ministers had agreed that weapon deliveries to Ukraine would be intensified and noted that Ukrainians can only be defended with weapons. The German Foreign Minister added that it is important that the EU doesn’t disappoint the ambition of Western Balkan …

  Read More »