Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 1 April 2022 10:48 pm

  Commodities Finish Best Quarter in Over 30 Years

  

  Commodities wrapped up their best quarter in over 32 years in the aftermath pf Russia’s invasion of Ukraine supercharged a rally in markets from oil to wheat and nickel.The commodities’ rally extends last year’s rebound, which was driven by higher consumer demand for goods and services when the economy reopened …

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• 1 April 2022 9:15 pm

  Should Markets Panic? Why Could T-yields Be Recession Warning?

  

  One of the more reliable warning signals for an economic recession is shining brighter. The yield curve is watched for clues to how the bond market is feeling about the US economy’s long-term prospects. Should Markets Panic?Fed Chair Jerome Powell would say no. Last week, he said that he pays …

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• 1 April 2022 8:54 pm

  Analysts: NFP does not change the calculus for the Fed

  

  According to analysts from TD Securities, today’s numbers reinforce the strength of the labor market. They forecast a 50 bp rate hike in May and June. Data released on Friday showed employers added 431000 jobs during March in the US. The unemployment rate fell to 3.6%. Key Quotes: “We think …

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• 1 April 2022 8:46 pm

  USD/JPY Steadies Around 122.60s on High US Treasury Yields

  

  The USD/JPY recovers after dipping 350-pips in the week, rallying above the 122.00 mark on a buoyant market sentiment and the stronger US dollar, lifted by solid US macroeconomic data and prospects of the Federal Reserve hiking rates by 50-bps in the May meeting. The USD/JPY pair is trading at …

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• 1 April 2022 8:01 pm

  Fed’s Evans: Hiking under 2.5% by March 2023 gives Fed “optionality”

  

  Chicago Fed President and FOMC member Charles Evans on Friday said that raising interest rates to just under 2.5% by March 2023 gives the Fed “optionality”. It is not a big risk if that rate-hike path includes “some” 50 bps hikes to get to the neutral rate sooner.Monthly inflation reports …

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• 1 April 2022 7:48 pm

  US: ISM Manufacturing PMI falls to 57.1 in March

  

  The headline ISM Manufacturing Purchasing Manager’s Index (PMI) figure fell to 57.1 in March from 58.6 in February, a miss against expectations for a small rise to 59.0, according to the latest release by the Institute for Supply Management (ISM). There was a sharp rise in the Price Paid subindex …

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• 1 April 2022 7:30 pm

  Turkish lira vulnerable to additional weakness in 2023

  

  The conflict in Ukraine reinforces downside risks for the Turkish lira according to MUFG Bank. The bank forecasts USD/TRY at 15.250 by the end of the second quarter and at 16.000 by the third quarter. Key Quotes:“The lira has re-weakened against the US dollar over the past month undermined primarily …

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• 1 April 2022 7:24 pm

  EUR/USD At Fresh Lows On Stronger US Dollar

  

  The EUR/USD pair dropped further and printed a fresh three-day low during the American session at 1.1026 as the US dollar gained momentum. The bias remains to the downside with the pair set to keep trimming weekly gains.The US dollar strengthened after the beginning of the American session as market …

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• 1 April 2022 6:02 pm

  Oil is heading to record the largest weekly loss in two years

  

  Oil prices fell on Friday, ahead of a meeting of member states of the International Energy Agency to discuss the withdrawal of strategic oil reserves, coinciding with a massive planned withdrawal of reserves in the United States. Brent crude and US West Texas Intermediate crude are heading for their biggest …

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• 1 April 2022 4:38 pm

  US Non-farm Payrolls rise in March

  

  Nonfarm Payrolls (NFP) rose by 431,000 in March, below the median economist forecast for a 490,000 rise, data published by the US Bureau of Labor Statistics showed on Friday. However, the February Non-Farm Payrolls number received a hefty 72,000 upwards revision to 750,000 from 678,000, more than making up for …

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• 1 April 2022 3:37 pm

  Concerns about gas supplies cast a shadow over European shares

  

  European stocks started the second quarter of the year on a cool note, as investors were gripped by worries about economic growth and inflation as Europe waited for a deadline to start paying for Russian gas in rubles. Russian President Vladimir Putin has threatened to cut gas supplies unless they …

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• 1 April 2022 2:34 pm

  Eurozone Preliminary Inflation surges 7.5% YoY in March

  

  The annualized Eurozone Harmonised Index of Consumer Prices (HICP) surged by 7.5% in March, coming in much higher than the previous reading of 5.9%, the latest data published by Eurostat showed on Friday. The consensus forecast was for a hotter reading of 6.6%. The index hit another record high, as …

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• 1 April 2022 1:46 pm

  Gold is falling as bond yields increase, heading for a weekly loss

  

  Gold fell on Friday and is heading for a weekly decline, as the rise in Treasury yields affected the attractiveness of the non-yielding metal, and increased pressure on it due to the rise of the dollar. And gold fell in spot transactions 0.4 percent to $ 1929.90 an ounce by …

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