Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 14 May 2021 1:54 pm

  Spain: Inflation Rate at Its Highest in Two And a Half Years

  

  Consumer prices in Spain rose 2.2% in April 2021 compared to last year, this is the largest increase since October 2018 and in line with preliminary estimates. On a monthly basis, consumer prices rose by 1.2%, the largest increase since April 2012, and matched previous estimates. The Harmonized Index of …

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• 14 May 2021 1:30 pm

  Gold Rises as The Dollar’s Fall Overshadows Interest Rate Concerns

  

  Gold prices increased Friday, May 14, on the back of the dollar’s decline, but the gains were limited after data showed a rise in inflation in the United States, which fueled fears of a faster rate hike than expected. The spot price of gold rose 0.2% to $1829.61 an ounce. …

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• 14 May 2021 1:15 pm

  Japan Shares Post The Biggest Weekly Loss in 9 Months

  

  Japanese stocks recorded their biggest weekly losses in 9 months, as investors were reluctant to make big bets in light of the return of the Coronavirus cases numbers to the increase and inflation concerns in the United States, despite the slight increase during the day on positive business results for …

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• 14 May 2021 11:05 am

  India Records More Than 343 Thousand New Cases of Coronavirus Within 24 Hours

  

  India recorded 343144 new cases of coronavirus during the past twenty-four hours, on Wednesday 14th May, bringing the total number of cases to more than 24 million, at a time when four thousand new deaths resulting from Covid-19 were recorded. Data from the Ministry of Health indicated that India recorded …

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• 14 May 2021 10:53 am

  Bitcoin Drops More Than 13% After Tesla Stopped Accepting it to Buy Its Cars

  

  Bitcoin fell more than 13% to trade at the $49,000 level after Elonmask announced that Tesla had stopped selling cars using the Bitcoin. CEO Elon Musk said in a tweet that Tesla has Accepting bitcoin in buying cars, fearing an increase in the use of fossil fuels in coin mining. …

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• 14 May 2021 10:49 am

  Oil Continues to Suffer Losses Due to Covid-19 Cases in India And The Resumption of Work of a Major US Pipeline

  

  Oil prices fell on Friday, May 14, after losing about 3% in the previous session, as cases of Coronavirus cases remained high in India, a major consumer of crude, and with the resumption of work of a major pipeline in the United States after being closed due to a cyberattack. …

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• 13 May 2021 1:10 am

  U.S. Treasury Yields Surge to Two-Month High

  

  Treasury bond yields in the United States continued to rise for the fourth consecutive session on Wednesday, as a rise in inflation is reducing demand for long-term debt instruments. The benchmark 10-year Treasury bond yield registered its biggest daily increase since March 18, rising by 0.071 to 1.695% Meanwhile, the …

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• 12 May 2021 8:03 pm

  U.S. Inflation Surges to Highest Level since 2008

  

  Consumer prices in the United States surged during April, leading to the highest rise in the inflation rate in more than 12 years, data showed on Wednesday. The Consumer Price Index (CPI) increased by 4.2% last month, according to official data by the U.S. Department of Labor. This marked the …

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• 12 May 2021 2:10 am

  USD Declines Despite Rising Treasury Yields

  

  The U.S. Dollar (USD) showed a mostly negative performance on Tuesday, as investors seek safe haven assets due to concerns about a rise in inflation rates. The Dollar Index (DXY) that measures the greenback’s performance against a basket of six major international currencies, is down by 0.04% at 90.17. The …

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• 12 May 2021 1:56 am

  Oil Closes Higher amid Downstream Disruptions

  

  Oil prices rose on Tuesday, amid disruptions due to the cyber attack on the Colonial Pipeline in the United States, which plays a huge role in the distribution of gasoline across the U.S. Crude prices fluctuated during the second session of the week, before settling with limited gains. Brent crude …

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• 12 May 2021 12:09 am

  Fed’s Harker Says Recovery Needs More Time

  

  The President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Tuesday that the U.S. economy needs more time to recover before reducing the current pace of asset purchases. “I don’t want to change a whole lot until we’re clear of this ditch we’ve dug ourselves into with …

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• 12 May 2021 12:06 am

  Fed’s Brainard Stresses Patience in Policy Stance

  

  The United States Federal Reserve Governor, Lael Brainard, said on Tuesday that the U.S. economy is recovering but remains challenged by uncertainty, reiterating the need for patience in monetary policy. “The outlook is bright, but risks remain, and we are far from our goals.”“Basing monetary policy on outcomes rather than …

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• 11 May 2021 11:30 pm

  Gold Declines from Three-Month Highs

  

  Gold prices declined on Tuesday, following four consecutive rises, amid an increase in Treasury bond yields in the United States. The yellow metal futures for June delivery closed marginally lower by $1.50 at $1,836.10 per ounce. The decline comes after gold’s most active contract rose on Monday to its highest …

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