Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 29 April 2022 12:04 am

  WTI Rallies Into $105.00s As Germany Approves EU’s Russia Oil Embargo

  

  WTI crude oil has rallied to its highest level since last Tuesday above $105.00 and is now eyeing a retest of recent near $110 highs. Traders cited a report alleging that the EU nations are nearing agreement on a Russian oil import embargo as supporting prices.At current levels in the …

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• 28 April 2022 11:35 pm

  US equities rally as strong earnings push sentiment higher

  

  US equities have enjoyed a strong tech-led rebound on Thursday after stronger than expected Meta Platforms earnings. The S&P 500 was last up nearly 3.0% and above 4,300 and the Nasdaq 100 was last up nearly 4.0%.But the major US indices remain on course to post hefty on-the-month losses and …

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• 28 April 2022 10:20 pm

  Fed Could Decide Three Successive Hikes 50bp Each

  

  Analysts at Danske Bank continue to expect the Federal Reserve will hike interest rates by 50bp three meetings in a row (May -next week-, June and July) and 25bp on each of the last three meetings (September, November and December). They are still of the view that risks are skewed …

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• 28 April 2022 9:46 pm

  America’s Q1 GDP much stronger than what data suggests

  

  The US economy contracted at an annualized rate of 1.4% during the first quarter, data showed on Thursday. According to analysts from TD Securities, GDP growth was impacted by large setbacks in net exports and inventories. They point out that the details of the report were actually much stronger than …

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• 28 April 2022 9:38 pm

  Germany no longer opposes embargo of Russian oil imports

  

  Germany has dropped its opposition to an embargo on Russian oil imports, government officials reportedly said according to the WSJ. According to the WSJ, this “clears the way” for a wider EU ban on oil imports from Russia, given that Berlin had been one of the main opponents on an …

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• 28 April 2022 7:05 pm

  ECB Official Hints at first rate hike during Q3

  

  European Central Bank Governing Council member Ignazio Visco has added his voice to heated discussions on when the ECB will begin to raise its benchmark interest rate.Rates in the Eurozone have been negative following the region’s sovereign debt crisis, and the ECB has confirmed that it will conclude its net …

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• 28 April 2022 6:28 pm

  Despite US GDP Contraction, Three Reasons Support USD’s Strength

  

  Recession is generally defined by two consecutive quarters of economic shrinking. The US economy squeezed by 1.4% in the first quarter of 2022, so it would only take another one to have an official downturn. Not so fast – not a recession, nor the dollar. The US economy grew by …

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• 28 April 2022 5:49 pm

  USD/CAD eases from multi-week highs on dismal US GDP data

  

  The relentless USD buying pushed USD/CAD to a fresh multi-week high on Thursday. The disappointing release of the US GDP capped the upside for the USD and spot prices. Softer crude oil prices, aggressive Fed rate hike bets support prospects for further gains.The USD/CAD pair trimmed a part of its …

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• 28 April 2022 5:10 pm

  US: Weekly Initial Jobless Claims fall to 180K

  

  There were 180,000 initial claims in the US economy in the week ending on 23 April, in line with consensus estimates and a slight decline from last week’s 185,000 reading which was revised up from 184,000, according to data released by the US Department of Labour on Thursday. That meant …

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• 28 April 2022 4:49 pm

  US economy shrinks by 1.4% in Q1

  

  The annualized pace of US real GDP growth in Q1 2022 came in at a negative 1.4%, according to data released by the US Bureau of Economic Analysis on Thursday. That was a big miss on expectations that the economy had grown at an annualized pace of 1.4% in Q1 …

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• 28 April 2022 3:28 pm

  The yen falls to its lowest level in 20 years and pressure on the euro increases

  The dollar rose against the yen above 130 yen on Thursday for the first time since 2002, after the Bank of Japan maintained its commitment to ultra-loose monetary policy, while the euro briefly fell below $1.05. There was some speculation in the market that the BoJ might pull back a …

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• 28 April 2022 1:57 pm

  ECB Economic Bulletin: Russia’s aggression in Ukraine is causing enormous suffering

  

  Russia’s aggression in Ukraine is causing enormous suffering. It is also affecting the economy, in Europe and beyond. The conflict and the associated uncertainty are weighing heavily on the confidence of businesses and consumers. Trade disruptions are leading to new shortages of materials and inputs. Surging energy and commodity prices …

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• 28 April 2022 1:06 pm

  Japan shares rise as central bank adheres to ultra-loose monetary policy

  

  Japanese stocks rose on Thursday after the Bank of Japan renewed its commitment to ultra-accommodative monetary policy and investors were relieved that no surprises would negatively affect the stock market. The Nikkei index rose 1.75 percent at the close, recording 26,847.90 points, the largest daily increase since April 13, after …

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