Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 22 April 2021 6:08 pm

  Canada’s Employment Insurance Expands in February

  

  The number of Canadians receiving regular employment insurance benefits increased by 3.6%, or 53,000, to 1.5 million people in February, data showed on Thursday. The reading follows an 11.2% increase in January, according to data by Statistics Canada. The Labour Force Survey (LFS) showed that employment increased by 259,000 in February, following two months …

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• 22 April 2021 6:03 pm

  Canada’s New Housing Price Index Rises in March

  

  Canada’s New Housing Price Index (NHPI) rose by 7.9% on an annual basis during March, data by Statistics Canada showed on Thursday. On a monthly basis, the index increased by 1.1%. “The strong demand for new houses, fueled by lower borrowing costs and work from home restrictions, continued pushing up …

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• 22 April 2021 4:44 pm

  ECB Maintains Rates and Bond Buying Unchanged

  

  The European Central Bank (ECB) decided on Thursday to maintain its monetary policy unchanged, by holding interest rates at their current levels. The deposit rate stands at -0.5%, while the main refinancing rate remains at 0%. In addition, the ECB decided to keep the current pace of asset purchases at …

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• 22 April 2021 3:57 pm

  CoinShares: Cryptocurrency Flows Reached $ 4.9 Billion as of Mid-April

  

  Floods into cryptocurrency funds and products reached $ 4.9 billion by April 16, data from CoinShares, the cryptocurrency manager, reported on Tuesday, with the pace of the increase slowing somewhat in the first two weeks of the month after reaching unprecedented levels in the first quarter of the year. The …

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• 22 April 2021 3:09 pm

  Turkey Records 362 COVID-19 Deaths, The Largest Daily Increase Since The Start of The Pandemic

  

  Data from the Turkish Ministry of Health, Wednesday, April 21, showed that 362 new deaths were recorded with Covid-19 during the past 24 hours, in the largest daily toll since the outbreak of the pandemic in the country, bringing the total number of deaths to 36,975 deaths. The data showed …

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• 22 April 2021 2:25 pm

  Eurozone Debt Rises in 2020, Driven by Pandemic Spending

  

  Data from the European Union’s statistics office Eurostat showed that eurozone debt rose last year as European governments borrowed heavily to keep their economies active during lockdown measures aimed at combating the Coronavirus pandemic, while countries that are already heavily debt-ridden added most of the new debt. Eurostat said combined …

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• 22 April 2021 1:57 pm

  Currencies Overview: Euro Rising Before The ECB Meeting

  

  The euro rose ahead of a meeting of the European Central Bank to be held later on Thursday, April 22nd, as any positive comments on the economic outlook or hints of a reduction in bond purchases are expected to push the single currency up rapidly. The European Central Bank is …

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• 22 April 2021 1:18 pm

  Russia: Egypt Will Produces The Sputnik V Vaccine

  

  The Russian Direct Investment Fund, which markets anti-virus vaccines abroad, said today, Thursday, that the Egyptian company, MinaPharm has agreed to produce more than 40 million doses of the Russian Sputnik v vaccine annually. The fund added, in a joint statement with Minapharm, that the two parties agreed to start …

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• 22 April 2021 1:01 pm

  Oil Continues Its Losses For The Third Day Due to The Increase in US stocks

  

  Oil prices extended their losses for the third session Thursday, April 22nd, as a sudden increase in US crude stocks and a new spike in Covid-19 cases in India and Japan fueled concerns about the global economic recovery and that demand for fuel may falter. Brent crude futures were down …

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• 22 April 2021 12:24 pm

  Gold Approaching $1,800 as Dollar And US Bond Yields Decline

  

  Gold prices settled near a two-month high Thursday, April 22nd, only slightly diverging from the important $1,800 level as the US dollar retreated with the descent of Treasury yields, while palladium supply concerns kept steady near a record high recorded in the last session. Gold was little changed in spot …

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• 22 April 2021 12:22 pm

  European Stocks Continue Their Gains on Positive Earnings From Nestlé and Volvo

  

  European stocks are moving towards record highs Thursday, April 22nd after plunging earlier in the week, as sentiment improved thanks to a raft of strong earnings reports ahead of the European Central Bank’s policy decision. The European Stoxx600 index rose 0.4%, extending its gains for the second consecutive session after …

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• 22 April 2021 11:45 am

  Japan Shares Jump After Falling Two Days

  

  Japanese stocks jumped Thursday, April 22 as investors snapped stocks linked to chips and the economic cycle after a two-day decline in all sectors, while sentiment was supported by a positive close on Wall Street last night. The two main indices rose to the highest level in more than seven …

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• 22 April 2021 4:25 am

  A Closer Look at the Bank of Canada Policy Statement

  

  The Bank of Canada (BoC) The Bank of Canada (BoC) has decided to maintain its key interest rate unchanged at a record low of 0.25%, as the economy remains in need of support, according to the bank’s statement following its monetary policy meeting on Wednesday. The Canadian central bank expects …

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