Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 21 April 2021 12:18 pm

  UK Inflation Rose to 0.7% in March From 0.4% in February

  

  Official figures showed that British consumer price inflation increased to 0.7% in March from 0.4% in February, due to the rise in fuel and clothing prices, slightly below the average forecast of 0.8% in a Reuters poll of economists. Food prices are down from a year ago. British inflation is …

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• 21 April 2021 3:14 am

  Powell: Fed Will Intervene if Inflation Overshoots

  

  The Chairman of the United States Federal Reserve, Jerome Powell, recently told a Senator that inflation would be a little higher in 2021, due to the economic recovery from the coronavirus pandemic. However, Powell has vowed in his letter to Rick Scott on April 8 to limit consumer prices overshooting, …

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• 21 April 2021 3:07 am

  Dogecoin Plummets from Record Highs

  

  Dogecoin fell on Tuesday after reaching new all-time record highs earlier in the day, which was prompted by many social media users posting on hashtags supporting the meme-based cryptocurrency. The digital currency is now down by roughly 16% for the day at $0.337. However, the price of the cryptocurrency remains …

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• 21 April 2021 2:26 am

  Wall Street Logs Losses for Second Day

  

  The New York Stock Exchange (NYSE) declined on Tuesday for the second consecutive session, due to concerns about the rising number of new coronavirus cases. Despite positive earnings reports by some of the Wall Street-listed companies. The Dow Jones Industrial Average lost 256.33 points, or 0.75%, to finish at 33,821.30 …

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• 21 April 2021 2:09 am

  U.S. Oil Stockpiles Rise 436,000 B in Week

  

  Crude oil inventories in the United States are estimated to have increased by 436,000 barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday. Gasoline stockpiles declined by 1.6 million barrels, while distillate inventories increased by 655,000 barrels, for the week ended April 16. Official …

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• 21 April 2021 2:06 am

  Oil Declines on Fears about COVID-19 and U.S. Antitrust Regulations

  

  Oil prices declined on Tuesday, as concerns about a new wave of the coronavirus pandemic resurfaced, following a large increase in new cases. Furthermore, the United States Congress is discussing a law that could allow suing the Organization of the Petroleum Exporting Countries (OPEC) on antitrust grounds due to their …

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• 21 April 2021 1:55 am

  Gold Finishes Higher as Stocks and Bond Yields Decline

  

  Gold prices rose on Tuesday, as demand for safe havens increased due to sharp declines in the stock market. However, the yellow metal could not recoup all of yesterday’s losses. Despite the rise by the U.S. Dollar (USD), the greenback remains down on a weekly and monthly basis, which provided …

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• 20 April 2021 10:00 pm

  European Stocks Drop on Pandemic’s Third Wave Concerns

  

  European stocks recorded its biggest losses year to data on Tuesday, falling from new record highs recorded earlier in the session, amid concerns about the rising number of Coronavirus cases. STOXX Europe 600 plunged by 1.9% in the pan-European index’s biggest daily decline since the beginning of the year. The …

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• 20 April 2021 6:23 pm

  Wall Street Opens Lower as Investors Await Earnings Reports

  

  The main indices of the New York Stock Exchange (NYSE) continue to decline for the second consecutive session on Tuesday, with Wall Street investors awaiting the release of earnings reports. The Dow Jones Industrial Average is down by 0.39%, while the S&P 500 index declined by 0.24%. Meanwhile, the Nasdaq …

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• 20 April 2021 4:36 pm

  Currencies Overview: Dollar Drops to Its Lowest Level in Nearly 7 Weeks

  

  The dollar fell to its lowest level in nearly seven weeks during the Asian session, while the euro rose as investors grew optimistic about the pace of vaccinations in Europe, and Treasury yields continued below the high levels recorded in March. The dollar has fallen since the beginning of April, …

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• 20 April 2021 3:05 pm

  USD/JPY Continues Its Decline Once Crosses 108.00 Mark

  

  The USD/JPY pair gained some strength to trade near a daily high of 108.54, as the US dollar took a breather after yesterday’s declines despite maintaining underlying weakness. USD/JPY needs to break 108.00 to continue the decline. The change in market sentiment appears to be linked to the earnings reporting …

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• 20 April 2021 2:57 pm

  The UK Unemployment Rate Fell on Government Job Protections

  

  Official figures showed that the unemployment rate in Britain unexpectedly decreased for the second month in a row to 4.9% in the period from December to February, most of which were under strict isolation measures to confront the outbreak of Covid-19. Most of the economists polled by Reuters had expected …

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• 20 April 2021 1:32 pm

  Dogecoin Seeing Huge Rallies

  

  Dogecoin supporters have launched a social media campaign aimed at raising the price of the cryptocurrency to $ 1 after it reached 9 cents a week ago. The hashtag Dogecoin topped Twitter with a growing number of tweets on the topic. And the cryptocurrency rose to about 25%, pushing it …

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