Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 13 April 2021 12:00 am

  Gold Settles at Lowest Level in Week

  

  Gold prices declined on Monday, opening the week with a negative performance amid a rise by the U.S. Dollar (USD) and Treasury bond yields. Gold futures for June dropped by $12.10, or 0.7%, to finish at $1,732.70 per ounce. This is the lowest closing level for the yellow metal most …

  Read More »
• 12 April 2021 11:03 pm

  U.S. Budget Deficit Hits New Record High

  

  The United States registered a record public deficit at $660 billion last month, data by the U.S. Department of the Treasury showed on Monday. In March, the deficit recorded a new record high on the monthly level after revenues reaching $268 billion and expenditure at $927 billion and both reaching …

  Read More »
• 12 April 2021 10:56 pm

  Fed’s Rosengren Sees Way for Strong Recovery in 2021

  

  President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Monday that the United States economy could recover strongly this year due to the Fed’s policies and the increased government stimulus. “With labor-market slack still significant, and inflation still below the Federal Reserve’s 2% target, my perspective is …

  Read More »
• 12 April 2021 9:13 pm

  European Stocks Close Lower for Profit Making

  

  European stocks declined on Monday, after a recent rally brought it to its all-time highs, amid profit making and losses by the technology sectors and major indices. The STOXX Europe 600 index fell by 0.4%, as the technology sector lost 1.3% to lead the market losses. The French CAC40 index …

  Read More »
• 12 April 2021 7:50 pm

  U.S. Consumers Expect Rise in Inflation

  

  Inflation expectations by consumers in the United States rose last month, with more optimism about the labor market, as shown by a recent survey by the Federal Reserve Bank of New York. The New York Fed’s report showed on Monday that consumers’ short and medium-term inflation expectations reached their highest …

  Read More »
• 12 April 2021 7:00 pm

  Bank of Canada’s Business Outlook Survey Show Recovery Signs

  

  A recent survey by the Bank of Canada (BoC) showed on Monday that business sentiment in Canada improved with the economy showing signs of recovery from the negative impacts caused by the Coronavirus pandemic. Roughly two thirds of Canadian businesses reported their sales returning to their levels prior to the …

  Read More »
• 12 April 2021 6:14 pm

  Wall Street Opens Lower, Focus on Earnings And Data

  

  Wall Street’s main indexes fell on Monday, while the S&P 500 retreated from record highs, as investors brace themselves to start the earnings season and the release of a major inflation report this week. The Dow Jones Industrial Average fell 25.54 points, or 0.08%, to 33,775.06 points. The Standard & …

  Read More »
• 12 April 2021 5:43 pm

  Iraq Raises Selling Prices of Basrah Light And Medium Crude Oil to Asia in May

  

  On Monday, a pricing document showed that Iraq raised the official selling price of Basra Light crude in May shipments to Asia to a premium of $1.40 per barrel to DME Oman futures, an increase of $0.10 over the previous month. According to Reuters. The official selling price of Basra …

  Read More »
• 12 April 2021 4:50 pm

  Bitcoin Hits Record Highs

  

  Bitcoin rose to 61,234 on Monday to reach a record high at 61,781 USD on March 13th as the largest American cryptocurrency exchange Coinbase Global Inc will begin trading on the Nasdaq Stock Exchange on April 14th. The digital currency rose nearly nine-fold in the past year, driven by institutional …

  Read More »
• 12 April 2021 4:46 pm

  Germany’s Merkel: Current COVID-19 Infection Rate is Much Too High

  

  German Chancellor Angela Merkel said on Monday that the current coronavirus infection rate is “much too high” and added that the third wave may be the toughest yet.  “Vaccine production capacity must be increased significantly, both in Europe and in Germany,” Merkel noted.

  Read More »
• 12 April 2021 4:43 pm

  UK PM Johnson’s Spokesman: Significant Differences With EU Remain on Northern Ireland Protocol

  

  British Prime Minister Boris Johnson’s spokesman said on Monday that discussion with the European Union on the Northern Ireland Protocol had been constructive but added that significant differences remain. 

  Read More »
• 12 April 2021 3:40 pm

  Oil Rising But Within a Narrow Range

  

  Oil prices rose, but they remained moving within a narrow range Monday, April 12, amid optimism about the recovery of the US economy with an acceleration in the pace of immunization campaigns against the Corona virus, but the increase in Covid-19 infections in other regions of the world is holding …

  Read More »
• 12 April 2021 3:38 pm

  Eurozone Retail Sales Stronger Than Expected in February

  

  Eurozone retail sales were stronger than expected in February, data revealed, as some countries eased restrictions on fighting the Covid-19 pandemic that month before re-tightening them in March. The European Union statistics office Eurostat said that retail sales in the 19 countries that use the euro rose 13% from the …

  Read More »