Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 27 April 2022 12:28 am

  Alphabet results miss on earnings and revenues

  

  Alphabet reported weaker-than-expected earnings and revenue for the first quarter on Tuesday. The stock slid more than 5% in extended trading. The company reported $54.66 billion in advertising revenue for the quarter.The results refer to earnings of $24.62 per share, versus $25.91 expected. Revenue reading is $68.01 billion, versus $68.11 …

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• 26 April 2022 11:56 pm

  Gazprom to suspend Russia’s gas supplies through Bulgaria as of Wednesday

  

  Russian state-owned gas supplier Gazprom is to halt supplies going through Bulgaria and Poland into Europe as of Wednesday 27 April, Bloomberg reported on Tuesday, citing the Bulgarian Energy Ministry. This is a remarkable and major escalation in the standoff between Moscow and European nations over energy supplies and the …

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• 26 April 2022 11:41 pm

  AUD/JPY probes monthly lows As Risk-off Accelerates

  

  AUD/JPY hit fresh monthly lows beneath the 91.00 level on Tuesday, the pair heavily weighed amid as a steep sell-off engulfed global equity markets with investors fretting about everything from China lockdown risk, economic and military tensions with Russia amid the ongoing Russo-Ukraine war, a worsening global growth outlook and …

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• 26 April 2022 10:52 pm

  GBP/USD Breaks 1.26 As Risk-off Tensions Accelerate

  

  The GBP/USD pair has dumped on Tuesday in widespread risk-off, breaking below 1.26 the figure in a fresh bear-cycle low for 2022. A number of risk-off factors are being built into the price, from lower growth forecasts for the global economy, China’s covid spread and the contagion risks associated with …

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• 26 April 2022 10:27 pm

  US Equities Retreat As Investors Fret On Several Concerns

  

  China lockdowns, Russo-Ukraine war/Russo-Western tensions, growth concerns and expectations for central bank tightening have all been cited as hurting sentiment.Aside from strength in energy stocks amid a rebound in oil prices, US equity markets were a sea of red on Tuesday, with the major indices led lower most notably by …

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• 26 April 2022 10:12 pm

  May’s FOMC meeting will send a clear signal from policymakers

  

  At the next FOMC meeting (May 3-4), the US central bank is expected to raise interest rates by 50 basis points. According to analysts at Wells Fargo, the first 50 bps rate hike in over 20 years and the start of balance sheet runoff shows that the Fed means business …

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• 26 April 2022 6:55 pm

  U.S. core capital goods orders rebound strongly; shipments moderate

  

  New orders for U.S.-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter with strong momentum, though part of the increase reflected higher prices. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 1.0% …

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• 26 April 2022 6:14 pm

  US durable goods orders inch up 0.8% in March

  

  Orders at US factories for long-lasting goods rebounded in March after the first decline in a year, as manufacturers confronted a worsening supply chain crisis that continued to weigh on business investment.Bookings for all durable goods – products that are intended to last at least three years – rose 0.8% …

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• 26 April 2022 6:01 pm

  S&P/Case-Shiller Home Price Index Surges in February above expectations

  

  According to the latest headline S&P/Case-Shiller Home Price Index released by Standard & Poors (S&P), home prices were up 20.2% YoY in February, above expectations for a 19% gain and up from January’s YoY gain of 19.2%. The headline index showed that house prices gained 2.4% MoM in February, above …

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• 26 April 2022 5:53 pm

  EUR/USD declines to 2020 lows after dipping back under 1.0700

  

  After dropping under 1.0700 during the Asian session, EUR/USD continues to press lower towards its 2020 lows in the 1.0630s. The pair continues to suffer as a result of expectations for Fed/ECB policy divergence, as well as Russo-Ukraine war risks.After dipping back under the 1.0700 level during Asia Pacific trading …

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• 26 April 2022 4:47 pm

  The dollar hits a two-year peak on growth concerns and the expectation of a rate hike

  

  The dollar rose to a two-year high on Tuesday while the euro fell to its lowest level since March 2020, as concerns about the economic impact of China’s anti-Covid-19 lockdowns and expectations of a US interest rate hike supported the greenback. The dollar index, which measures the performance of the …

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• 26 April 2022 3:04 pm

  Gold rises supported by concerns about growth and inflation

  

  Gold prices rose on Tuesday as investors sought safe assets amid concerns about global growth and rising inflation, but bets on sharp US interest rate hikes kept the yellow metal close to its four-week low hit in the previous session. Spot gold rose 0.3 percent to $1,903.70 an ounce by …

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• 26 April 2022 1:43 pm

  Oil prices stabilize after a sharp decline

  

  Oil prices stabilized on Tuesday, after a sharp 4 percent drop in the previous session, after concerns about fuel demand in China were allayed by the central bank’s pledge to support the economy affected by Covid-19 restrictions. Brent crude futures rose 59 cents, or 0.58 percent, to $102.91 a barrel, …

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