Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 15 April 2022 5:25 pm

  Japan plans to release six million barrels of oil from private reserves

  

  Japan’s Industry Ministry said on Friday it will release six million barrels of oil from privately owned reserves, as part of its contribution to the second round of coordinated withdrawals from reserves led by the International Energy Agency to cool crude prices. Japan will release the amount of oil, which …

  Read More »
• 15 April 2022 3:23 pm

  Kremlin aide: Russia’s imports fell sharply in March as Western companies pulled out

  

  Kremlin aide Maxim Oreshkin was quoted by the RIA news agency as saying on Friday that Russian imports fell sharply in March due to logistical restrictions and the withdrawal of Western companies from the country. He expected the decline to reach “tens of percent”. The Russian current account surplus is …

  Read More »
• 15 April 2022 2:26 pm

  Italy: Inflation at its highest level in 30 years

  

  Italy’s annual inflation rate accelerated to 6.5 percent in March 2022, the highest level since July 1991, from 5.7 percent in the previous month and below the initial estimate of 6.7 percent. On a monthly basis, consumer prices rose 1 percent, accelerating from a 0.9 percent increase the previous month …

  Read More »
• 15 April 2022 12:52 pm

  US natural gas stocks rise by 15 billion cubic meters

  

  US natural gas inventories recorded reading in line with market expectations this week, as natural gas inventories rose by 15 billion cubic meters during the week ending last Friday. This reading is in line with market expectations. This reading is worse than the previous reading, which showed a decrease in …

  Read More »
• 15 April 2022 12:07 pm

  Nikkei declines, dragged down by Wall Street and technology

  

  The Japanese Nikkei index declined Friday, April 15th, after being affected by the decline in the blue-chip technology shares that tracked the weak performance on Wall Street, but losses were limited after investors repurchased shares before a long holiday. The Nikkei index fell 0.29% to close at 27,093.19 points, but …

  Read More »
• 15 April 2022 11:31 am

  PBOC kept interest rates unchanged at 2.85%.

  

  The People’s Bank of China kept its key interest rate unchanged in a surprise move, despite expectations of more stimulus, as Beijing is currently suffering from a spike in coronavirus cases. The People’s Bank of China said it kept the one-year medium-term loan rate unchanged at 2.85%. China is currently …

  Read More »
• 15 April 2022 1:26 am

  Market Drivers – US Session – 14 April

  

  The US dollar holds firmly up, giving up some of its recent gains ahead of the close as speculative interest booked some profits ahead of the Good Friday holiday.Economic Data The US Commerce Department on Thursday said that retail sales rose a seasonally adjusted 0.5% in March from a month …

  Read More »
• 14 April 2022 11:53 pm

  Mester: Fed To Push Policy Quickly Enough To Contain Hot Inflation

  

  Cleveland Fed President and FOMC member Loretta Mester said on Thursday that the Fed aims to reduce policy accommodation at the pace necessary to control inflation whilst also sustaining economic activity.Mester added that the Fed aims to bring demand into better balance with supply, whilst also sustaining the health of …

  Read More »
• 14 April 2022 11:28 pm

  US Shares drop back As T-Yields Rise Ahead of Long Weekend

  

  Major US equity indices showed mixed performance on Thursday, with tech stocks underperforming as US yields soured. Investors received another update on the recovery in the jobs market. The number of people seeking unemployment benefits ticked up last week, according to the Labour Department, but remained at a historically low …

  Read More »
• 14 April 2022 10:36 pm

  GBP/USD Correcting ECB Selloff As BoE Policy In Focus Again

  

  At 1.3069, the GBP/USD pair is attempting to correct the London sell-off that followed the European Central Bank announcements that sank the Euro and enabled the embattled US dollar to bounce back. The pound was caught up in the flows and extended a fall from a high of 1.3146 to …

  Read More »
• 14 April 2022 10:03 pm

  March retail sales reports reveals resilience of consumer spending

  

  The US Commerce Department on Thursday said that retail sales rose a seasonally adjusted 0.5% in March from a month earlier. That was a tad less than the 0.6% gain that economists polled by The Wall Street Journal were looking for, but there were also revisions to the previous two …

  Read More »
• 14 April 2022 6:38 pm

  UoM Consumer Sentiment Index Rises Above Expectations

  

  The preliminary estimate of the University of Michigan’s (UoM) Consumer Sentiment Index for April rose to 65.7 from 59.4 last month, above the expected reading of 59.0, data released on Thursday showed. The Consumer Expectations Index was also significantly stronger than expected at 64.1 versus forecasts for a reading of …

  Read More »
• 14 April 2022 5:54 pm

  GBP/USD Slips Back As Sterling Weakens Post-ECB

  

  The GBP/USD pair has dipped back under 1.3100 as it weakens in tandem with the euro post-dovish ECB policy announcement. The pair remains at risk of falling to sub-1.3000 levels amid the risk of more BoE/Fed policy divergence.Though the currency hasn’t been weighed as badly as its euro counterpart, the …

  Read More »