Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 4 May 2021 5:07 pm

  Canada’s Trade Balance Turns to Deficit in March

  

  Canada’s imports increased by 5.5% in March, while exports leveled up by 0.3%, data by Statistics Canada showed on Tuesday. Accordingly, the Canadian international merchandise trade balance returned to a deficit position, following two consecutive monthly trade surpluses. Canada registered a trade deficit of CAD 1.1 billion in March, compared …

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• 4 May 2021 4:21 pm

  UK on the Way to Lift the Social Distancing Rule Next Month

  

  The UK is on the way to dispense with the covid-19 social distancing rule before the end of next month, which requires people to stay at least one meter away, according to Prime Minister Boris Johnson. The British government is proceeding according to a roadmap it has set for itself …

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• 4 May 2021 3:20 pm

  Gold Retreating From a Two-Month High And the Dollar’s Strength Limits its Appeal

  

  Gold prices fell from their highest level in more than two months today, Tuesday, as the dollar’s recovery limited the metal’s appeal as a safe haven, while investors speculate that the US economic recovery at a faster than expected pace may lead to a hike in interest rates. And gold …

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• 4 May 2021 2:32 pm

  Car Sales in Turkey Increased 132.4% Year-on-Year in April

  

  The Turkish auto distributors association said on Tuesday that sales of passenger cars and light commercial vehicles in Turkey jumped 132.4% year on year in April to 61,488 units. The union added that sales increased 72.4% annually from January to April.

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• 4 May 2021 2:15 pm

  Currencies Overview: Dollar Rising as Economic Data And Its Impact on Interest Rates Are Anticipated

  

  The dollar has turned higher in Asian trading, halting a month-long downturn, as investors are working to see if the major US economic recovery may push interest rates higher, as they await upcoming economic data and policy speeches for indicators. The US currency rose 0.2% against the yen, euro and …

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• 4 May 2021 1:15 pm

  Saudi Aramco Beats Q1 Profit Forecast

  

  Saudi Aramco announced a 30% increase in net profits to 81.4 billion riyals (about $21.7 billion) in the first quarter of 2021, compared to the same quarter of the previous year, and analysts had expected a net profit of 19.48 billion dollars. In a statement on the Saudi Stock Exchange …

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• 4 May 2021 12:45 pm

  Oil Declining But The Optimism of Demand Growth in America and Europe Keeps Prices Support

  

  Oil prices plunged today, erasing gains made earlier in the session after more US states eased lockdown measures and the European Union sought to attract travelers, which helped offset concerns about fuel demand in India as the pace of Covid-19 infections accelerated. Prior to the opening of European indices, Brent …

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• 4 May 2021 3:22 am

  Fed Officials Point to Progress in Economic Recovery

  

  The Chairman of the United States Federal Reserve, Jerome Powell, said on Monday that the U.S. economy is improving but still on the way to fully recover from the coronavirus pandemic. “We are not out of the woods yet, but I am glad to say that we are now making …

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• 4 May 2021 1:02 am

  Wall Street Finishes Mostly Higher

  

  The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, as Wall Street investors looked at recent economic data that suggested the manufacturing sector, as an indicator for the economy, continue to expand but at a slow pace due to supply chain challenges. The Dow …

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• 3 May 2021 10:56 pm

  Oil Futures Rise on Positive Demand Expectations

  

  Oil prices rose on Monday, amid signs of an improved demand outlook, despite the rising number of cases of the coronavirus, especially in India. Recent expectations of a strong recovery in the global demand for crude oil during the second half of the year continue to provide support for oil …

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• 3 May 2021 10:09 pm

  Gold Futures Close Higher as USD and Treasury Yields Decline

  

  Gold prices rose on Monday after four consecutive declines, on the back of the U.S. Dollar’s (USD) decline and an improved demand for safe haven assets, as Treasury bond yields retreated. Gold futures for June delivery gained $24.10, or 1.4%, to close at $1,791.80 per ounce. This marked the highest …

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• 3 May 2021 9:30 pm

  European Stocks Finish Higher on Recovery Signs

  

  European stocks opened the week with a positive performance, closing higher on Monday, supported by an improved investors’ sentiment as regulators plan to ease restrictions on travel as the coronavirus become more contained in the continent. Positive economic data and earnings reports also provided support to the market amid recovery …

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• 3 May 2021 7:27 pm

  U.S. Construction Spending Rises in March

  

  Spending on construction projects in the United States increased in March but the increase came below market expectations, official data showed. U.S. construction spending increased by 0.2% in March to reach a seasonally adjusted annual rate of $1.51 trillion, according to data by the U.S. Department of Commerce released on …

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