Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 20 April 2021 1:15 pm

  Australia Central Bank Sees Faster Economic Recovery From Pandemic

  

  The Reserve Bank of Australia’s minutes from its April meeting has been released. Here are the main quotes. The minutes of the latest RBA meeting emphasized that the economic recovery has further to run before the RBA will be satisfied which supports our view that the Bank will announce another extension …

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• 20 April 2021 1:01 pm

  China’s Imports of Saudi Crude Oil Increased 8.8% in March And a Jump in Shipments From The UAE

  

  China’s imports of Saudi crude oil rose 8.8% in March from a year ago, driven by strong demand and with the arrival of shipments delayed due to congestion at ports. Imports from the UAE also increased again, jumping 86%. The volume of shipments from Saudi Arabia reached 7.84 million tons, …

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• 20 April 2021 12:43 pm

  Gold Dropping From a 7-Week Peak as US Bond Yields Recover

  

  Gold prices fell on Tuesday, April 20, after hitting a seven-week high in the previous session, as US bond yields favored a recovery in the face of support represented by the weakening of the US dollar. Gold fell in the spot market 0.1% to $1768.01 an ounce, after hitting $1789.77 …

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• 20 April 2021 12:25 pm

  Oil Prices at Their Peak in More Than a Month Thanks to The Weak Dollar

  

  Oil prices rose to the highest level in more than Tuesday, April 20, as the decline in the US dollar supported commodities and due to expectations of a decline in crude stocks in the United States, the largest consumer of fuel in the world, but the increase in Coronavirus cases …

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• 20 April 2021 5:25 am

  Why Could JPMorgan Finance a Football Competition with $5B?

  

  European football has gained a growing global audience over the past years and decades, making it a major industry with a rising market size and annual revenues growing from about EUR 13.6 billion in 2007 to roughly EUR 29 billion before the coronavirus pandemic. Accordingly, a dozen of Europe’s biggest …

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• 20 April 2021 1:04 am

  Wall Street Closes Lower

  

  The New York Stock Exchange (NYSE) closed lower on Monday, following a week that saw multiple record-breaking, as Wall Street investors leaned towards profit making. The Dow Jones Industrial Average declined by 123 points, or 0.36%, to finish at 34,077.63 points. The S&P 500 index fell by 22.21 points, or …

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• 20 April 2021 12:10 am

  Expectations by Goldman Sachs Supporting the Euro

  

  Goldman Sachs is expecting the Euro (EUR) to continue to rise against the U.S. Dollar (USD), advising investors to go long on the European currency, according to a recent note. Following the report, the EUR/USD pair reached its highest level in about six weeks on Monday. The investment bank is …

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• 19 April 2021 11:17 pm

  Oil Closes Higher amid Supply Disruptions

  

  Oil prices finished higher on Monday, due to supply disruptions in Libya and expectations for a recovery in the global demand. Brent Crude futures for May increased by 24 cents, or 0.36%, to $67.01 per barrel. Meanwhile, the May West Texas Intermediate (WTI) crude futures gained 25 cents, or 0.4%, …

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• 19 April 2021 10:59 pm

  GBP/USD Surges to Highest Level in a Month

  

  The British Pound (GBP) is rising on Monday against the declining U.S. Dollar (USD), supported by improved expectations in the UK and the anticipation for upcoming economic data. The GBP/USD pair is trading higher for the day by 1.13% at 1.3988. The pair has exceeded its best level in over …

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• 19 April 2021 10:39 pm

  Gold Closes Lower Following Large Weekly Gains

  

  Gold prices closed lower on Monday, after recording its best weekly performance since December 18 last week. The yellow metal’s decline comes despite the decline of the U.S. Dollar (USD) near its lowest level in about six weeks. Gold futures for June delivery decreased by $9.60, or 0.5%, to finish …

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• 19 April 2021 10:00 pm

  European Stocks Finish Marginally Lower

  

  European stocks closed slightly lower on Monday, following surges to new record highs by the end of last week. Mixed signals and a decline in Wall Street seemingly left their toll on the European stock exchanges. The pan-European STOXX 600 index closed marginally lower by 0.15 points to finish nearly …

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• 19 April 2021 7:11 pm

  USD Maintains Downward Trend

  

  The U.S. Dollar (USD) continued to decline on Monday, starting the week in a downward trend as the risk appetite among investors continue to improve. The Dollar Index (DXY) that measures the greenback against six currencies is down by 0.43% at 91.16. Earlier today, the index fell as low as …

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• 19 April 2021 5:18 pm

  Canada’s Housing Starts Increase in March

  

  Housing starts in Canada increased to 273,664 units last month up from 252,636 units in February, data by Canada Mortgage and Housing Corporation (CMHC) showed on Monday. The standalone monthly seasonally adjusted annual rates (SAAR) of housing starts for all areas in Canada stood at 335,200 units in March, rising …

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