Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 27 May 2021 1:23 pm

  GFK Survey: German Consumer Sentiment Improved Less Than Expected

  

  A survey concluded that German consumer sentiment improved less than expected with the approach of June, as shopping activity remained cautious despite a decline in the rate of Covid-19 infections and an improvement in the growth outlook for Europe’s largest economy. The GFK said its consumer sentiment index, based on …

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• 27 May 2021 12:46 pm

  European Stocks Hover Near Their Peak and HSBC is Falling

  

  There was little change in European stocks at the open Thursday, May 27, as losses in energy sector stocks were offset by gains in the mining sector, while Britain’s HSBC bank’s decision to exit US retail banking services was greeted with a tepid reception. The European Stoxx600 index settled at …

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• 27 May 2021 12:20 pm

  Japan Stocks Tumble on Profit-Taking Selling And Pandemic Fears

  

  Japanese stocks fell Thursday, May 27, as investors trimmed their positions after a recent increase, in light of a possible extension of emergency measures linked to Covid-19, which raised concerns about the growth of the local economy. The Nikkei index trimmed its losses during the day, closing down 0.33% to …

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• 27 May 2021 9:30 am

  Yellen: Biden Budget to Raise Debt-to-GDP Ratio

  

  The proposed budget by the United States President Joe Biden will increase the ratio of the public debt to the gross domestic product (GDP), Secretary of the Treasury, Janet Yellen, said on Thursday. However, the budget will not add extra pressures on the inflation rate, Yellen noted. Speaking to a …

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• 27 May 2021 4:04 am

  How is the Fed’s Balance Sheet Expected to Change in Coming Years?

  

  A recent report showed that the balance sheet of the United States Federal Reserve could peak by next year before declining and then stabilizing in three years. The Fed’s portfolio could reach $9 trillion by the end of 2022, according to recent estimates by the Federal Reserve Bank of New York. …

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• 27 May 2021 2:09 am

  Wall Street Closes Higher as Risk Sentiment Improves

  

  The New York Stock Exchange (NYSE) finished mostly higher on Wednesday, as risk sentiment improves with recent remarks by the Federal Reserve officials easing inflation fears among Wall Street investors, especially in the absence of important economic data. The Dow Jones Industrial Average rose marginally by 10.6 points, or 0.03%, …

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• 27 May 2021 1:30 am

  Oil Finishes Higher as U.S. Inventories Decline

  

  Oil prices rose on Wednesday, as markets continue to expect demand recovery during the second half of the year. In addition, a decline in crude oil inventories in the United States also provided support for oil futures. Brent crude futures for July delivery gained 22 cents, or 0.3%, to settle …

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• 27 May 2021 1:00 am

  Gold Settles Higher and Exceeds $1,900 Resistance Level

  

  Gold prices rose on Wednesday, reaching a new level that is the highest in about five months, as markets continue to weigh reflation fears. The yellow metal’s gains came despite a rebound by the U.S. Dollar (USD), which probably limited today’s rise. Gold futures for June delivery rose by $3.20, …

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• 27 May 2021 12:08 am

  EUR/USD Trading Lower Near Lowest Level in Two Days

  

  The Euro (EUR) is showing a negative performance against the U.S. Dollar (USD), as the greenback is rising across the board on the back of higher Treasury bond yields and eased reflation fears. Recent remarks by the U.S. Federal Reserve officials suggested that the Fed will be able to limit …

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• 26 May 2021 11:00 pm

  GBP Declines As USD Strengthens

  

  The British Pound (GBP) declined on Wednesday against the U.S. Dollar (USD), as the later rose across the board on the back of inflation fears easing after recent remarks by Federal Reserve officials. The GBP/USD pair is down for the day by about 0.20% at 1.4125. The pair has been …

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• 26 May 2021 10:30 pm

  European Stocks Mixed as Reflation Fears East

  

  European stocks rose on Wednesday, as inflation fears eased with an improvement in the risk sentiment among investors. The STOXX Europe 600 index finished marginally higher by a fraction of a point, to remain near its record highs. The travel and leisure stocks rose by about 1% on recovery hopes, …

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• 26 May 2021 9:00 pm

  U.S. Mortgage Applications Decline 4.2%

  

  Mortgage applications in the United States declined last week, despite the remaining historically low interest rates, data showed on Wednesday. The seasonally adjusted Purchase Index fell by 4.2% in the week ended May 21 on a weekly basis, according to the Mortgage Bankers Association (MBA). Data showed a 7.2% decrease …

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• 26 May 2021 7:59 pm

  USD Rebounds Across the Board

  

  The U.S. Dollar (USD) rose on Wednesday against international peers, supported by the dovish tone by Federal Reserve officials, which helped reduce reflation fears among investors. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.39% at 89.99. The …

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