Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 6 April 2022 3:07 am

  Market Drivers – US Session – 5 April

  

  The US dollar is the most prominent winner on Tuesday, firmly up against all of major rival currencies. Diminishing chances of a diplomatic solution to the Russia-Ukraine conflict and central banks’ aggressiveness were behind the market’s movements during the US trading session.Economic DataUS Institute for Supply Management (ISM) has unfolded …

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• 6 April 2022 2:51 am

  USD Surges On Hawkish Fed Officials’ Comments

  

  The US dollar index has finally turned imbalance after consolidating in a range of 97.68-99.42 over one month. The strength of the dollar as a robust asset amid an aggressive hawkish stance from Fed policymakers has supported the Index to establish above 99.00 and has also exposed it to touch …

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• 6 April 2022 1:01 am

  Red, Green Arrows Across Financial Markets Await Signals By FOMC Minutes

  

  Investors, traders and market participants are eying minutes of the Federal Reserve’s March meeting to find direction as well as to gauge US central bank policymakers’ appetite for a half percentage point increase in interest rates in May. The stock market remains within a specific range for now, which should …

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• 5 April 2022 11:38 pm

  Washington Pushes Moscow To Default By Impeding Debt Payments

  

  Amid a looming new sanctions package, the US Treasury Department’s new move would prohibit Russia from using funds held in American banks to pay debt obligations. The Treasury Department on Monday prohibited Russia from withdrawing funds held in American banks to pay its debt obligations, a major escalation aimed at …

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• 5 April 2022 10:49 pm

  Aggressive Fed Drags US Shares, Tech Shares Lower

  

  Wall Street’s main indexes fell on Tuesday, dragged by weakness in tech and other growth stocks, after comments from Federal Reserve Governor Lael Brainard spooked investors about potential aggressive actions by the central bank to control inflation.The S&P 500 posted 42 new 52-week highs and 6 new lows; the Nasdaq …

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• 5 April 2022 9:39 pm

  Fed’s Daly: Can start balance sheet reduction as early as May meeting

  

  San Francisco Fed President Mary Daly explained that the labour market is extremely tight while the Fed is on a path to raising interest rates. She added inflation is as harmful as not having a job while many of the imbalances we see are covid-related. Key Quotes:”I don’t expect a …

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• 5 April 2022 9:25 pm

  Hawkish Fed Drags Gold Lower

  

  Gold has pulled back from earlier highs and is back in the $1920s territory as the US dollar/US yields rally. Fed Vice Chair Brainard was hawkish on balance sheet reduction, sparking the reversal lower.Markets focus now on Wednesday’s FOMC minutes release as gold bears eye a test of recent sub-$1900 …

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• 5 April 2022 7:03 pm

  Ukrainian official: No compromises, Zelenskyy/Putin talks will be difficult

  

  Deputy chief of staff and adviser to Ukrainian president Ihor Zhovkva said on Tuesday that there will be no compromise from Ukraine on ceding territory to Russia, reported Bloomberg. Zhovkva continued that any meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy will be “difficult”, before noting that …

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• 5 April 2022 6:29 pm

  US: ISM Services PMI Surges to 58.3 in March versus 58.4 expected

  

  The headline ISM Services PMI figure rose to 58.3 in March from 56.5 the month before, a tad lower than the expected rise to 58.4, according to the latest release from the Institute of Supply Management. Subindices: Business Activity rose slightly to 55.5 from 55.1 in February. Prices Paid rose …

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• 5 April 2022 6:22 pm

  Brainard: Fed Prepared to take stronger action if inflation expectations require it

  

  Fed Vice Chairwoman Lael Brainard said on Tuesday that the Fed is prepared to take stronger action if the inflation outlook and inflation expectations indicators suggest the need for such action. Brainard expects methodical interest rate increases and rapid reductions to the Fed’s balance sheet to bring U.S. monetary policy …

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• 5 April 2022 5:39 pm

  GBP/USD to slump towards 1.30 on repricing of BoE hikes

  

  The GBP is recording a slight gain on the day, bouncing off the low-1.31s. Bank of England (BoE) rates pricing are still too optimistic, which should drag cable down to the 1.30 level.Broader trends since last summer suggest weakness ahead. Markets could do with a decent amount of repricing of …

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• 5 April 2022 5:32 pm

  Biden Administration looking at ways to boost oil imports from Canada

  

  Biden administration officials are looking at ways to boost oil imports from Canada, the Wall Street Journal reported on Tuesday. The White House still opposes the Keystone pipeline and other options include shipping more oil by rail, or expanding pipeline capacity along existing routes. The Canadian dollar saw immediate strength …

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• 5 April 2022 5:27 pm

  The Russia-Ukraine War Can Push Bitcoin to $50K Soon

  

  After peaking at $48,000 last week, Bitcoin tested the resistance level and moved sideways during the weekend’s trading. The cryptocurrency saw a weak correction simultaneously, while Ethereum made a faster recovery, testing the $3,500 area. Bitcoin tested $48,000, the end of the bullish range of its latest trend, and saw …

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