Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 17 April 2021 12:29 am

  European Stocks Achieve Longest Weekly Gains Streak in Three Years

  

  European stocks maintained its rally on Friday to new record highs, finishing the week with another positive performance on the back of strong economic data and recovery signs. The STOXX Europe 600 index rose by 0.9% to settle at a new all-time high of 442.20 points. The auto sector, which …

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• 16 April 2021 11:30 pm

  U.S. Oil Rigs Rise by Seven This Week

  

  The number of active rigs drilling for crude oil in the United States increased by seven to reach a total count of 344 this week, according to data by Baker Hughes reported on Friday. With natural gas rigs unchanged, the total rig count went up by seven rigs to 439.

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• 16 April 2021 6:40 pm

  U.S. Consumer Sentiment Improves in April

  

  The U.S. Index of Consumer Sentiment rose by 1.9% this month to 86.5 from 84.9 in March, and by 20.5% on an annual basis compared with its level in April 2020, data by the University of Michigan showed on Friday. The Current Economic Conditions Index also increased by 4.5% to …

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• 16 April 2021 6:08 pm

  U.S. Building Permits Rise in March

  

  Building permits in the United States increased by 2.7% in March, data showed on Friday. The permits for future homebuilding reached a rate of 1.766 million units last month This increase comes following an 8.8% decline in February. Meanwhile, building permits surged by 30.2% on an annual basis.

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• 16 April 2021 5:30 pm

  U.S. Housing Starts Rise in March

  

  Homebuilding starts in the United States surged during March, reaching their highest level in about 15 years, data by the U.S. Department of Commerce showed on Friday. Housing starts increased by 19.4% last month to reach a seasonally adjusted annual rate of 1.739 million units This is the highest reading …

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• 16 April 2021 4:50 pm

  Bitcoin: Market Experts’ Forecast

  

  After strong rallies in recent days, the largest cryptocurrency by market value, Bitcoin, has reached levels of $ 64,000. Bitcoin dropped below $ 63,000, but remained above $ 62,000 levels and closed above this level for two consecutive days. Bitcoin fell 3% at $ 62.3K, recording a high of 64.7K …

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• 16 April 2021 4:24 pm

  Services And Energy Led Eurozone Inflation Higher in March

  

  Data from the European Union statistics office Eurostat revealed today, Friday, that eurozone inflation accelerated, according to preliminary estimates in March, mainly driven by rising costs of services and energy. Eurostat confirmed its earlier estimates that consumer prices in the eurozone, which includes 19 countries, rose 0.9% on a monthly …

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• 16 April 2021 3:23 pm

  Turkey Bans The Use of Cryptocurrencies in Payments

  

  The Turkish Central Bank banned the use of cryptocurrencies assets in the purchase of goods and services, pointing to potential “irreparable” damages and great risks in those transactions. In the legislation published in the Official Gazette early Friday, the Turkish central bank said that cryptocurrencies and other digital assets based …

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• 16 April 2021 3:17 pm

  Currencies Overview: Dollar Heading Towards Second Weekly Loss on Fed’s Stance

  

  The dollar is heading towards its worst consecutive weekly decline since the start of the year as Treasury yields continue to decline as investors increasingly accept the Fed’s insistence on maintaining an easing policy stance for a longer period. Record 10-year Treasury yields fell to a one-month low of 1.528% …

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• 16 April 2021 2:20 pm

  BofA: Bank of America: Investors Pumping Money Into Stocks And Bond Funds, Dumb Cash

  

  Bank of America’s flows data revealed on Friday that investors pumped a whopping $25.6 billion into equity funds in the week ending Wednesday and $17.9 billion into bond funds, the largest inflow of inflows in ten weeks. In contrast, $47.3 billion was displaced from cash funds, the largest in four …

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• 16 April 2021 2:17 pm

  Eurozone final CPI Meets Estimates in March

  

  According to Eurostat’s final reading of the Eurozone CPI report for March, the consumer prices came in at 1.3% on a yearly basis, meeting the estimate of 1.3% and 1.3% expectations. While the core figures steadied at 1.4%, also matching the 0.9% expectations. On a monthly basis, the bloc’s CPI …

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• 16 April 2021 1:32 pm

  Gold Hovering Near a 7-Week High as US Bond Yields Decline

  

  Gold prices stabilized today, Friday, near their highest levels since late February, and is on the path of achieving the second consecutive weekly gain, supported by the decline in US Treasury revenues and the weakness of the dollar. Gold settled in spot transactions at $1,762.70 an ounce, with the beginning …

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• 16 April 2021 1:27 pm

  Oil Rises to a 4-Week High, on Strong Data From China And a Rebound in Demand

  

  Oil prices extended their gains today, Friday, and are on a path of achieving a weekly profit of about 7%, with an improved outlook for crude demand and a strong economic recovery in China and the United States, which erased concerns about an increase in Covid-19 infections. With the close …

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