Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 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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• 26 April 2022 12:35 pm

  European shares rise on earnings support

  

  European shares breathed a sigh of relief on Tuesday as earnings from companies such as UBS and Maersk boosted sentiment after a sell-off in shares in the previous session, driven by concerns about global growth. The pan-European Stoxx 600 index rose 0.6 percent, after falling nearly 2 percent on Monday, …

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• 26 April 2022 11:59 am

  Japanese stocks follow Wall Street gains, fears about China limit the rally

  

  Japanese shares closed higher on Tuesday, tracking Wall Street gains Monday night, but concerns about the impact of China’s anti-Covid-19 lockdowns on local companies curbed their rally. The Nikkei index rose 0.41 percent to close at 26,700.11 points. The broader Topix index rose 0.11 percent to 1,878.51 points, after falling …

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• 26 April 2022 4:34 am

  Market Drivers – US Session – 25 April

  

  US equities were able to impressively recover in the latter hours of US session. The dominant force in currency markets on Monday remained risk-off, with traders citing China lockdown concerns as the major driver. Amid a sharp pullback in global bond yields as traders reassessed global growth prospects amid the …

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• 26 April 2022 3:22 am

  Nasdaq Futures Slightly Lower Ahead Of Big Tech Earnings

  

  Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little changed.In regular trading Monday, the Nasdaq Composite jumped 1.3%. The Dow …

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• 26 April 2022 1:55 am

  US trucking downturn foreshadows possible economic gloom

  

  There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs – known as the spot market – are skidding.It basically just dropped off a cliff. A lot …

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• 26 April 2022 12:31 am

  Panetta: ECB needs ‘coordinated regulatory action’ on crypto

  

  European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks.In a written statement for a speech to Columbia University on Monday, Panetta said global policymakers had made some progress in addressing regulatory frameworks on digital assets, but …

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• 26 April 2022 12:11 am

  Yen rules amid week’s start risk-off

  

  Though US equities were able to stage an impressive recovery in the latter hours of US trade, the dominant force in currency markets on Monday remained risk-off flows, with traders citing China lockdown concerns as the major driver.Amid a sharp pullback in global bond yields as traders reassessed global growth …

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• 26 April 2022 12:00 am

  Class 8 natural gas retail sales gain momentum

  

  Although natural gas heavy truck sales are up 21% year-to-date, there is a continued decline of total natural gas fueling stations. For the first two months of 2022, US and Canadian Class 8 natural gas truck retail sales rose 21% year-to-date against comparisons of the same time in 2021, according …

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• 25 April 2022 11:45 pm

  GBP/JPY pullback extends amid risk-off on week’s start

  

  The GBP/JPY pair was last trading lower by 1.1%, after extending on last Friday’s slightly larger loss to fall back to near the 163.00 level for the first time in nearly two weeks and, in doing so, drop below its 21-Day Moving Average (currently at 163.18) for the first time …

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• 25 April 2022 10:44 pm

  Macklem Expects BoC Next Interest Hike In June

  

  The governor of the Bank of Canada is signalling Canada’s key interest rate could go up another half percentage point in June to help fight inflation and keep it under control. Two weeks ago the central bank raised its key interest rate a half point to one per cent and …

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• 25 April 2022 10:24 pm

  Oil Retreats 6% as Shanghai lockdowns fuel demand fears

  

  Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates.In Shanghai, authorities have erected fences outside residential buildings. In Beijing, many people have begun stockpiling …

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