Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 20 April 2022 4:44 pm

  The Japanese yen is at its lowest level in 20 years

  

  The Japanese yen hit a new record low on Wednesday at a 20-year low after the Bank of Japan again intervened defending ultra-low interest rates in Japan, widening the spread with the United States as bond yields hit fresh new hard highs. The Bank of Japan again offered to buy …

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• 20 April 2022 2:47 pm

  Gold at its lowest level in two weeks, affected by US bond yields and the dollar

  

  On Wednesday, gold prices fell to their lowest in nearly two weeks, weighed down by persistently higher US bond yields and the dollar. By 0741 GMT, spot gold fell 0.4 percent to $ 1941.40 an ounce, and US gold futures fell 0.7 percent to $ 1944.80. On Tuesday, the price …

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• 20 April 2022 2:17 pm

  US natural gas contracts jump 7%

  

  The prices of US natural gas contracts rose to their highest level in nearly 14 years when settling Monday’s trading, in conjunction with a drop in temperatures in the United States and the continued weakness of global supplies due to the Russian-Ukrainian war. Expectations have increased about the high demand …

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• 20 April 2022 1:35 pm

  Oil prices rebound after heavy losses, amid fears of a lack of supply

  

  On Wednesday, oil prices made up for the heavy losses incurred in the previous session, with attention focused on the short supply from Russia and Libya, while data showed a decline in US inventories last week. Brent crude futures rose 66 cents, or 0.6 percent, to $ 107.91 a barrel …

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• 20 April 2022 1:08 pm

  Japanese stocks track Wall Street gains

  

  Japanese stocks rose on Wednesday for a second straight session, as technology heavyweights tracked Wall Street’s overnight gains, while the yen’s recent decline helped boost automakers’ shares. The Nikkei index closed up 0.86 percent to 27,217.85 points, while the broader Topix index closed up 1.03 percent to 1,915.15 points. “US …

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• 20 April 2022 12:35 pm

  European shares rebound on profit boost

  

  European shares rose on Wednesday after positive business results from food and beverage companies, but concerns about the war in Ukraine, slowing growth and rising revenue limited gains. The pan-European Stoxx 600 index rose 0.5 percent, with banking and food and beverage stocks gaining 1.3 percent each. Meanwhile, the mining …

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• 20 April 2022 5:14 am

  Market Drivers – US Session – 19 April

  

  Money flowed out of bonds again, sending the 10-year Treasury yield higher by 4 basis points to 2.9%. The bond market continues to price in aggressive rates by the Federal Reserve this year.Economic DataHousing Starts rose by 0.3% in March, taking the rolling 12-month number of starts to 1.793M, above …

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• 20 April 2022 1:08 am

  Crude Oil Gets Lower As WTI Reverses Down

  

  Crude Oil has been bullish since US WTI crude reversed from $-37.50 two years ago. It headed toward $100 where it traded for some time, but the conflict in Ukraine last month sent it surging higher, especially when the US president Joe Biden decided to place sanctions on Russian oil. …

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• 20 April 2022 1:01 am

  Swiss National Bank Chairman: Inflation Surge Temporary

  

  The Swiss National Bank sees the current increase in inflation as a temporary phenomenon, Chairman Thomas Jordan said on Tuesday, although the central bank would keep a close eye on the situation.Central banks including the US Federal Reserve and the Bank of England have started raising interest rates to fight …

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• 20 April 2022 12:29 am

  Fed’s Bostic: Larger 75 bps hike “not on the radar”

  

  Atlanta Fed President and FOMC member Raphael Bostic on Tuesday reiterated the important of getting rates to neutral territory “expeditiously”, though cautioned that a 75 bps rate hike is “not on the radar”.Bostic said he estimates the neutral rate to be around 2.5% and feels the US economy is strong …

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• 19 April 2022 11:26 pm

  Fed’s Evans: I don’t see the need for larger than 50 bps rate hikes

  

  Chicago Fed President and FOMC member Charles Evans on Tuesday pushed back against the idea of larger than 50 bps rate hikes at upcoming Fed meetings, saying that he doesn’t see the need for them, reported Reuters. Evans said he is comfortable with a rate hike path this year that …

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• 19 April 2022 11:09 pm

  Wall Street higher on earnings hopes

  

  An optimistic earnings outlook helped push Wall Street higher on Tuesday, while concerns over global economic growth and expectations on recession heavily weighed on oil and boosted bond yields.The tech-heavy Nasdaq led the way for gains in U.S. markets, shaking off lower trading in Europe. With many corporations beginning to …

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• 19 April 2022 10:00 pm

  USD/JPY: Pressure on the yen to wear off as the US curve inverts

  

  The Bank of Japan will face increasing political pressure if the Japanese yen slides further, say analysts from Danske Bank. They forecast the USD/JPY pair at 126 in one month, 125 in three months, 123 in six months and 119 in a year. Key Quotes: “Bank of Japan has fiercely …

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