Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 4 April 2022 2:10 pm

  Inflation in Turkey jumps to a 20-year high

  

  Data showed on Monday that annual consumer price inflation in Turkey jumped to a 20-year high of 61.14 percent in March, driven by higher energy and commodity prices in the wake of the Russia-Ukraine conflict, compounding the impact of the lira’s collapse late last year. The rate of inflation has …

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• 4 April 2022 1:40 pm

  Oil tops $105 as supply worries persist

  

  Oil prices topped $105 a barrel on Monday, as concerns persisted about tight supplies due to Russia’s invasion of Ukraine and a deal on Iran’s nuclear deal despite countries withdrawing from strategic oil reserves. The invasion of Ukraine in February sharply exacerbated already existing supply concerns and raised oil prices. …

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• 4 April 2022 1:10 pm

  European shares open for an increase with the support of the healthcare sector

  

  European shares rose on Monday, led by an advance in healthcare stocks, as investors awaited more Western sanctions after Ukraine accused Russia of war crimes. The pan-European Stoxx 600 index rose 0.3 percent, after ending the week with a 1 percent increase. Pharmaceutical company Roche rose 1.5 percent after the …

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• 4 April 2022 12:43 pm

  Japan’s Nikkei rises, supported by gains in Wall Street and Asian stocks

  

  Japan’s Nikkei index closed higher on Monday in a range-bound session, tracking gains in Wall Street and other Asian stock markets, but chip-related stock losses limited the index’s gains. The Nikkei rose 0.25 percent to close at 27,736.47 points, after falling 0.3 percent earlier in the session. The broader Topix …

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• 4 April 2022 7:37 am

  Weekly Recap – 28 March – 1 April

  

  The dollar rose on Friday after a report showed strong US job growth in March. In addition, the unemployment rate fell to a two-year low, and wages rebounded, boosting speculation that the Federal Reserve would raise interest rates by 50 points at its meeting. Next. The widely watched US Labor …

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• 2 April 2022 3:31 am

  Market Drivers – US Session – 1 April

  

  GBP/USD fell during US trade on Friday, as the US dollar strengthened versus the majority of its G10 counterparts. following strong US economic data.The US dollar benefitted from a surge in US yields, particularly at the short-end of the curve. The bond market moves reflected a market interpreting Friday’s data …

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• 2 April 2022 3:19 am

  Q1 Mobile Game Earnings Down 7% At $21bn

  

  The first quarter of 2022 witnessed increase of ad spending on game marketing by 41% year-over-year. A new report by Sensor Tower says that during the first quarter of 2022, mobile games generated $21 billion, which represents a decrease of 7% compared to the period last year.The analytics firm also …

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• 2 April 2022 2:55 am

  NFP Data Proves Win-Win For USD

  

  The US economy gained 431000 jobs in March, on top of upward revisions and other upbeat data. There is nothing in the data suggesting that the Fed will refrain from a 50 bps rate hike. The US dollar is set to gain ground as traders take risks off the table …

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• 2 April 2022 1:29 am

  Baker Hughes: US Oil Drilling Rig Count Counts For Second Week

  

  Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by two to 533 this week. That followed a climb of seven oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

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• 2 April 2022 1:16 am

  Gold Price Retreats from $1950 On Stronger USD, High T-Yields

  

  Gold slumps for the third day of the week amid an upbeat market mood and rising US yields. The Gold Index (XAU/USD) slides as the second quarter begins, down some 0.64% in the North American session. The Russia-Ukraine tussles, elevated global inflation, and rising US Treasury yields, keeping the non-yielding …

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• 2 April 2022 1:06 am

  Tesla To Celebrate Record Quarter Amid High Fuel Prices

  

  Tesla is expected to announce another record quarter despite industrywide supply-chain woes as the world’s top maker of electric vehicles benefits from high gas prices pushing more buyers toward plug-in models.The company likely delivered 309,158 vehicles globally during the first three months of the year, according to a dozen analysts …

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• 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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