Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 12 April 2022 10:58 pm

  Brainard: Lowering Inflation, Fed’s Key Mission

  

  Federal Reserve official said on Tuesday the central bank’s top goal is to reduce soaring inflation, and she expressed confidence the central bank can moderate price pressures without triggering an economic downturn.“Inflation is too high,” said Fed governor Lael Brainard, who is awaiting Senate confirmation to serve as the Fed’s …

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• 12 April 2022 10:41 pm

  BoC Ponders rate hike, QT beginning in May

  

  The Bank of Canada is expected to announce its first oversized interest-rate hike in more than two decades after hawkish comments from the country’s top monetary policymakers and central bankers and growing signals that the economy is overheating. On Wednesday, the Bank of Canada will announce its decision on monetary …

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• 12 April 2022 9:33 pm

  Johnson, Biden agree to continue pressures on Russia

  

  UK PM Boris Johnson and US President Joe Biden agreed on the need to continue joint efforts to ratchet up the economic pressure on Russian President Vladimir Putin over his invasion of Ukraine, a Downing Street statement on Tuesday said, reported Reuters. The two leaders discussed the need to accelerate …

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• 12 April 2022 7:38 pm

  WTI Crude Oil Rallies More Than $5.0

  

  The WTI crude oil rebounded back above $100 per barrel to test its 50DMA on Tuesday, gaining more than $5.0 on the session. Traders cited risk-on flows, easing China lockdown fears and geopolitics as bullish for the price action.Oil prices have seen a strong rebound thus far this Tuesday, with …

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• 12 April 2022 7:30 pm

  Wells Fargo: Inflation likely peak in March, to remain above 6% in Q4

  

  The annual rate of inflation climbed to 8.5% in March, the highest level since 1981. Analysts at Wells Fargo point out that despite wide-ranging price increases again in March, they believe this likely marks the peak in post-COVID inflation. They expect demand for goods to waver as spending pivots back …

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• 12 April 2022 6:21 pm

  US Prices climb Amid Growing Slowdown Fears

  

  Inflation has proven to be one of the most blistering features of the covid economy, testing the White House and Federal Reserve. Gasoline prices hover around $4.00 a gallon for the least expensive grade at several gas stations in the nation’s capital on April 11, 2022 in Washington, DC. Prices …

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• 12 April 2022 6:01 pm

  Gold spikes above $1,970 post-US CPI

  

  Gold surges above March 24 high at $1966, and it aims to get back to the $2000 mark after US consumer inflation rose to levels last seen in 1981, amidst a mixed sentiment, courtesy of high global inflation, the Ukraine-Russia conflict, and China’s Covid-19 lockdowns. Gold is trading at $1967.93 …

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• 12 April 2022 5:30 pm

  Putin: Talks In A Dead-End, Ukraine Deviated From Agreements Achieved In Istanbul

  

  Russian President Vladimir Putin said on Tuesday that talks with Ukraine are in a dead-end, reported Reuters citing Russia’s state-run RIA. Ukraine has deviated from the agreements achieved at talks in Istanbul, he added. Putin’s remarks come after he earlier stated that Russia’s special military operation in Ukraine is going …

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• 12 April 2022 4:45 pm

  US annual CPI inflation rises to 8.5% in March

  

  The annual rate of US inflation, as per the Consumer Price Index (CPI), came in at 8.5% in March, slightly the median economist forecast for a reading of 8.4% and higher versus February’s YoY rate of 7.9%. The MoM rate of inflation according to the CPI came in at 1.2% …

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• 12 April 2022 4:17 pm

  US CPI Preview: Forecasts from 7 major banks, another lurch forward

  

  The US Bureau of Labor Statistics will release the March Consumer Price Index (CPI) data on Tuesday, April 8 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 7 major banks regarding the upcoming US inflation print. …

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• 12 April 2022 2:56 pm

  Germany: Annual HICP rises to 7.6% in March

  

  Annual inflation in Germany, as measured by the Harmonised Index of Consumer Prices (HICP), rose to 7.6% in March, Destatis reported on Tuesday. This print matched the market expectation and the flash estimate. The Consumer Price Index (CPI) arrived at 7.3% and 2.5% on a yearly and monthly basis, respectively.

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• 12 April 2022 2:21 pm

  German ZEW Economic Sentiment Index drops to -41 in April

  

  The findings of the German ZEW survey showed on Tuesday that the Economic Sentiment Index declined modestly to -41 in April from -39.3 in March. This reading came in much better than the market expectation of -48. Underlying details of the publication revealed that the Current Situation Index dropped to …

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• 12 April 2022 1:36 pm

  Japan shares close near four-week lows

  

  Japanese stocks closed lower on Tuesday, approaching four-week lows, and high-tech stocks led the declines, following in the footsteps of their US peers. The Japanese Nikkei index closed down 1.81 percent to record 2,6334.98 points, its lowest level since March 16. The broader Topix index fell 1.38% to 1,863.63 points. …

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