Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 2 April 2022 12:50 am

  US liquefied natural gas exports rise 16%, to new record

  

  US liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate.US LNG is in high demand as European countries try to cut gas imports from Russia following its invasion of Ukraine while also looking …

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• 2 April 2022 12:35 am

  US Equities Drop As Strong US Data Boosts Fed Tightening Bets

  

  US equities were on course to post a third successive day in the red on Friday as strong US labour market data and an inflationary ISM Manufacturing PMI report raised the prospect of a faster pace of Fed tightening this year and next. The S&P 500 was last trading about …

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• 1 April 2022 11:06 pm

  IMF: US Economy Looks Strong Enough to Avoid Recession

  

  Economic growth will likely slow but it is expected to remain stay positive. It is too early to talk about the risk of a recession in the US, where growth is likely to remain positive for the near future even as it slows down, according to the International Monetary Fund’s …

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• 1 April 2022 10:48 pm

  Commodities Finish Best Quarter in Over 30 Years

  

  Commodities wrapped up their best quarter in over 32 years in the aftermath pf Russia’s invasion of Ukraine supercharged a rally in markets from oil to wheat and nickel.The commodities’ rally extends last year’s rebound, which was driven by higher consumer demand for goods and services when the economy reopened …

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• 1 April 2022 9:15 pm

  Should Markets Panic? Why Could T-yields Be Recession Warning?

  

  One of the more reliable warning signals for an economic recession is shining brighter. The yield curve is watched for clues to how the bond market is feeling about the US economy’s long-term prospects. Should Markets Panic?Fed Chair Jerome Powell would say no. Last week, he said that he pays …

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• 1 April 2022 8:54 pm

  Analysts: NFP does not change the calculus for the Fed

  

  According to analysts from TD Securities, today’s numbers reinforce the strength of the labor market. They forecast a 50 bp rate hike in May and June. Data released on Friday showed employers added 431000 jobs during March in the US. The unemployment rate fell to 3.6%. Key Quotes: “We think …

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• 1 April 2022 8:46 pm

  USD/JPY Steadies Around 122.60s on High US Treasury Yields

  

  The USD/JPY recovers after dipping 350-pips in the week, rallying above the 122.00 mark on a buoyant market sentiment and the stronger US dollar, lifted by solid US macroeconomic data and prospects of the Federal Reserve hiking rates by 50-bps in the May meeting. The USD/JPY pair is trading at …

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• 1 April 2022 8:01 pm

  Fed’s Evans: Hiking under 2.5% by March 2023 gives Fed “optionality”

  

  Chicago Fed President and FOMC member Charles Evans on Friday said that raising interest rates to just under 2.5% by March 2023 gives the Fed “optionality”. It is not a big risk if that rate-hike path includes “some” 50 bps hikes to get to the neutral rate sooner.Monthly inflation reports …

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• 1 April 2022 7:48 pm

  US: ISM Manufacturing PMI falls to 57.1 in March

  

  The headline ISM Manufacturing Purchasing Manager’s Index (PMI) figure fell to 57.1 in March from 58.6 in February, a miss against expectations for a small rise to 59.0, according to the latest release by the Institute for Supply Management (ISM). There was a sharp rise in the Price Paid subindex …

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• 1 April 2022 7:30 pm

  Turkish lira vulnerable to additional weakness in 2023

  

  The conflict in Ukraine reinforces downside risks for the Turkish lira according to MUFG Bank. The bank forecasts USD/TRY at 15.250 by the end of the second quarter and at 16.000 by the third quarter. Key Quotes:“The lira has re-weakened against the US dollar over the past month undermined primarily …

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• 1 April 2022 7:24 pm

  EUR/USD At Fresh Lows On Stronger US Dollar

  

  The EUR/USD pair dropped further and printed a fresh three-day low during the American session at 1.1026 as the US dollar gained momentum. The bias remains to the downside with the pair set to keep trimming weekly gains.The US dollar strengthened after the beginning of the American session as market …

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• 1 April 2022 6:02 pm

  Oil is heading to record the largest weekly loss in two years

  

  Oil prices fell on Friday, ahead of a meeting of member states of the International Energy Agency to discuss the withdrawal of strategic oil reserves, coinciding with a massive planned withdrawal of reserves in the United States. Brent crude and US West Texas Intermediate crude are heading for their biggest …

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• 1 April 2022 4:38 pm

  US Non-farm Payrolls rise in March

  

  Nonfarm Payrolls (NFP) rose by 431,000 in March, below the median economist forecast for a 490,000 rise, data published by the US Bureau of Labor Statistics showed on Friday. However, the February Non-Farm Payrolls number received a hefty 72,000 upwards revision to 750,000 from 678,000, more than making up for …

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