Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 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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• 26 May 2021 5:39 pm

  Amazon Says it Has Reached an Agreement to Acquire MGM For $ 8.45 Billion

  

  Amazon said it reached a deal to acquire MGM for $ 8.45 billion, to support the company’s efforts to cement its position in the entertainment and internet streaming sector. The deal is the largest since Amazon acquired Whole Food in 2017 for $ 13.7 billion.

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• 26 May 2021 4:51 pm

  Bitcoin at Important Levels

  

  It seems that digital currencies are on the way for the second day in a row towards recovering from the effects of the painful blows they took by surprise. The digital currencies managed to record a positive performance for the second day in a row, raising their market gains to …

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• 26 May 2021 3:54 pm

  Japan’s Government Cuts Economic View in May

  

  In its May report, the Japanese government slashed its economic view for the first time in three months, in the face of the impact of the COVID-19 state of emergency. “The government cut its assessment of the overall economy for the second time this year, after also doing so in …

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• 26 May 2021 3:27 pm

  US Bond Yields Continue to Decline

  

  The yield on the benchmark 10-year US Treasury bonds changed slightly at 1.56% today, Wednesday, near levels not seen in a month, amid easing inflation concerns. Many officials have continued to emphasize that most price increases should be temporary and affirmed their support for keeping monetary policy easing for some …

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• 26 May 2021 2:35 pm

  Oil Stabilizes as Optimism About Demand Prevails Over Iran’s Supply Concerns

  

  Oil stabilized today and traded within a narrow range amid optimism about an improvement in fuel demand in the United States, but the possibility of Iranian oil returning to the markets pressures prices. Brent crude rose 14 cents, equivalent to 0.2%, to $ 68.79 a barrel, and US West Texas …

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• 26 May 2021 1:50 pm

  The US Dollar Settled And The New Zealand Dollar Maintains Its Gains After Surprising Expectations of a Rate Hike

  

  The US dollar stabilized near its lowest level in five months in early trade in London on Wednesday, while the New Zealand dollar rose by more than 1% in light of the country’s central bank hinting at the possibility of a rate hike in September 2022. The dollar index recorded …

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