Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 6 April 2022 10:20 pm

  FOMC Minutes: Fed To Move Policy Towards Neutral Expeditiously

  

  According to the minutes of the March FOMC meeting, participants judged that it would be appropriate to move the stance of monetary policy towards a neutral posture expeditiously, reported Reuters. Balance Sheet Reduction“On balance sheet reduction, participants generally agreed monthly caps of about $60B for Treasury securities, $35B for mortgage-backed …

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• 6 April 2022 6:47 pm

  Yellen: US open to all tools if China invades Taiwan

  

  The United States is open to all tools if China invades Taiwan, US Treasury Secretary Janet Yellen said on Wednesday, reported Bloomberg. The US is monitoring attempts to use crypto to evade sanctions, she added, referring to sanctions on Russia. A senior Biden administration official just announced that the US …

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• 6 April 2022 6:43 pm

  Fed’s Harker: High inflation Not To Go Away Quickly

  

  Philadelphia Fed President and FOMC member Patrick Harker said on Wednesday that he does not see high inflation going away any time soon and that high gasoline prices will be here for some time, reported Reuters. Harker said he doesn’t expect food prices to come down any time soon. Harker …

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• 6 April 2022 6:37 pm

  IEA Nations To Release Additional 120M Barrels

  

  Members of the International Energy Agency will release 120M barrels of crude oil in a bid to cool markets. The news was announced on Wednesday. The US will provide 60M of these barrels and this will be included as part of the already announced 180M barrel release that US authorities …

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• 6 April 2022 5:47 pm

  Global Bond Selloff Deepens as Fed Steps Up Q Tightening Language

  

  This year’s unprecedented global bond rout accelerated after US Fed’s Lael Brainard said the US central bank will likely step up policy tightening by swiftly reducing its massive debt holdings.The prospect of aggressive Fed action drove the yield on benchmark 10-year Treasuries up five basis points to 2.60%, propelling it …

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• 6 April 2022 5:34 pm

  EUR/USD Testing 2022 Low

  

  The EUR/USD pair regains the 1.0900 barrier and beyond after bottoming out in the 1.0870 region on Wednesday.Considering the ongoing price action, further decline remains expected for the pair in the short-term horizon. Against that, a drop below the so far weekly low at 1.0875 (April 6) should put a …

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• 6 April 2022 5:28 pm

  WTI Still Choppy As Traders Monitor Geopolitical Factors

  

  WTI continues to trade choppy and within recent ranges above $100 as traders weigh geopolitics and oil reserve releases. At current levels in the $103.00 area, WTI is higher by just under $2.0 on the day. Technicals are playing an important role at present, with the 50-Day Moving Average just …

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• 6 April 2022 4:00 pm

  US stocks extend losses for the second day

  

  US stock index futures continued to decline for the second day in a row, as US stock indices declined significantly ahead of Wednesday’s trading session, affected by the latest negative escalations in the ongoing conflict between Russia and Ukraine. Where the futures contracts for the Dow Jones decreased to 34,411.00 …

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• 6 April 2022 3:50 pm

  The Kremlin: Russia has all the resources to repay its debts

  

  The Russian Kremlin said that its country could default on its debt performance in theory, but this would be an artificial situation after the Ministry of Finance decided to make payments on sovereign Eurobonds in Russian rubles. The Kremlin spokesman said there are no real reasons for default, adding that …

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• 6 April 2022 3:14 pm

  Rising interest rates reduce mortgage demand in America by more than 40% year on year

  

  US mortgage applications fell more than 6% last week compared to the previous week, according to the seasonally adjusted Mortgage Bankers Association index, with interest rates hiked by the US Federal Reserve. The trading volume is down about 40% compared to the same week a year ago. Higher interest rates …

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• 6 April 2022 2:40 pm

  Standard & Poor’s: Global sovereign bond sales exceeded $10 trillion in 2022

  

  Credit rating agency Standard & Poor’s Global said in a report that global sovereign borrowing will reach $10.4 trillion in 2022, about a third more than the average before the coronavirus pandemic.

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• 6 April 2022 2:20 pm

  Oil rises amid expected new sanctions against Russia

  

  Oil futures rose on Wednesday to recoup losses early in the session as supply concerns increased after new sanctions against Russia were threatened, outweighing concerns of weak demand after an increase in US crude stocks and the extension of the general closure in China’s Shanghai. Brent crude futures rose 49 …

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• 6 April 2022 1:46 pm

  Sanctions fears weigh on European stocks

  

  European shares retreated from more than six-week highs on Wednesday as the United States and its allies are likely to further isolate Russia’s economy with more sanctions, boosting global inflation. The pan-European STOXX 600 index fell 0.3 percent, joining Wall Street and Asia markets, as concerns about a tightening from …

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