Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 14 May 2021 9:00 pm

  U.S. Rig Count Rises This Week – Baker Hughes

  

  The number of active rigs drilling for crude oil and natural gas in the United States rose by five to 453 this week, according to data by Baker Hughes on Friday. The weekly report indicated that the oil rig count increased by eight to 352 this week, as natural gas …

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• 14 May 2021 7:25 pm

  U.S. Consumer Sentiment Tumbles on Rising Inflation

  

  Consumer confidence the United States declined in the early days of the month due to the rise in the inflation rate, according to data by the University of Michigan released on Friday. The Consumer Sentiment Index rose decreased by 6.2% to 82.8 from 88.3 in April, but rose by 14.5% …

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• 14 May 2021 6:28 pm

  U.S. Business Inventories Rise in March

  

  Business inventories in the United States increased during March, official data by the Department of Commerce showed on Friday. The increase in inventories in March was relatively limited due to raw materials shortage that impacted production across some sectors. In March, business inventories leveled up by 0.3% with the reading …

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• 14 May 2021 6:18 pm

  U.S: Industrial Production Expands in April

  

  Industrial Production in the United States expanded by 0.7% on a monthly basis in April, the US Federal Reserve reported on Friday. This reading followed March’s increase of 2.4% (revised from 1.4%) and fell short of analysts’ estimate of 1%.

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• 14 May 2021 5:40 pm

  Canada: Manufacturing Sales Rise by 3.5% in March

  

  Manufacturing Sales in Canada increased by 3.5% to the highest level since June 2019 at $57.8 billion in March, the data published by Statistics Canada revealed on Friday. This reading came in line with the market expectation. “The capacity utilization rate (not seasonally adjusted) for the total manufacturing sector increased …

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• 14 May 2021 5:11 pm

  US: Retail Sales Unchanged in April

  

  Retail sales in the United States were unexpectedly flat in April as support ebbed from stimulus payments, but the coming months are likely to see an acceleration as savings reach unprecedented levels and economic activity resumes. Moreover, the Retail Sales Control Group declined by 1.5% after rising 10.7% in March. …

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• 14 May 2021 4:54 pm

  Crude Oil Futures Rose During The European Session

  

  Crude oil futures rose during the European session on Friday. According to the New York Mercantile Exchange, crude oil futures were traded in June at $64.44 a barrel at the time of writing, up by 0.97%. It previously traded at a session high $64.75 a barrel. Crude oil may find …

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• 14 May 2021 4:21 pm

  Gold Futures Rose During The European Session

  

  Gold futures rose during the European session on Friday. According to the COMEX, New York Mercantile Exchange, gold futures traded in June at $1834.05 an ounce at the time of writing, up 0.55%. It previously traded at a session high of $1837.50 an ounce. Gold may find support points at …

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• 14 May 2021 3:52 pm

  Italy Lifts Quarantine Restrictions For Those Coming From Europe, Britain, And Other Countries

  

  The Italian Ministry of Health said that the country will lift quarantine restrictions for travelers from countries of the European Union, the Schengen area, Britain and Israel, starting May 16. Currently, those coming from these countries are subject to a five-day quarantine, with an obligation to undergo an examination before …

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• 14 May 2021 3:08 pm

  Oil Prices Rise But India’s Coronavirus Infections limit Gains

  

  Oil prices advanced on Friday, May 14, erasing some of the sharp losses incurred in the previous session, as stock markets rose, but the gains were limited by the situation of the Coronavirus in India, the big consumer of crude and the resumption of pipeline work in the United States. …

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• 14 May 2021 2:36 pm

  Dollar Drops After Fed Eases US Inflationary Tension

  

  The US dollar fell against other major currencies on Friday, May 14th as risk appetite recovered in various markets, after Fed officials this week helped ease tension over the acceleration of inflation in the United States. The dollar, which is considered a safe haven in times of market volatility, fell …

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• 14 May 2021 1:54 pm

  Spain: Inflation Rate at Its Highest in Two And a Half Years

  

  Consumer prices in Spain rose 2.2% in April 2021 compared to last year, this is the largest increase since October 2018 and in line with preliminary estimates. On a monthly basis, consumer prices rose by 1.2%, the largest increase since April 2012, and matched previous estimates. The Harmonized Index of …

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• 14 May 2021 1:30 pm

  Gold Rises as The Dollar’s Fall Overshadows Interest Rate Concerns

  

  Gold prices increased Friday, May 14, on the back of the dollar’s decline, but the gains were limited after data showed a rise in inflation in the United States, which fueled fears of a faster rate hike than expected. The spot price of gold rose 0.2% to $1829.61 an ounce. …

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