Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 27 April 2021 1:22 am

  Oil Logs Another Loss Ahead of OPEC Summit

  

  Oil prices continued to decline on Monday, extending their losses from last week, due to concerns about the surge in new coronavirus cases in India and other Asian markets. Markets are anticipating the upcoming OPEC+ meeting on Wednesday. Brent crude futures for June delivery dropped by 46 cents, or 0.7%, …

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• 27 April 2021 1:13 am

  Gold Rises Ahead of Fed’s Upcoming Meeting

  

  Gold prices rose on Monday, supported by a fluctuating performance by the U.S. Dollar (USD) ahead of the Federal Reserve meeting. The yellow metal futures for June delivery rose by $2.30, or 0.1%, to close at $1,780.10 per ounce. Meanwhile, silver futures for May delivery gained 13 cents, or 0.5%, …

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• 26 April 2021 11:58 pm

  European Stocks Finish Higher Recovering Some of its Recent Losses

  

  European stocks opened the week with a positive performance and closed higher on Monday. The STOXX Europe 600 index finished up by 0.29% at 440.32 points, with the banking sector leading the gains and rising by 2%. The pan-European index lost about 0.8% last week. The French CAC40 increased by …

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• 26 April 2021 11:33 pm

  USD Fluctuating Across the Board

  

  The U.S. Dollar (USD) showed a fluctuating performance on Monday, opening the week on a mixed note, amid the absence of major indicators and data on today’s economic calendar. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.06% …

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• 26 April 2021 6:00 pm

  Texas Manufacturing Output Maintains Expansion Despite Decline

  

  Texas manufacturing activity maintained a positive trend during April, according to data by the Federal Reserve Bank of Dallas released on Monday. The production index declined to 34 in April, down from its all-time record high of 48 in March, as shown by the Texas Manufacturing Outlook Survey results. The …

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• 26 April 2021 3:57 pm

  German Government to Lift 2021 GDP Growth Forecast

  

  According to Reuters, the German government is expected to revise its GDP forecast to 3.5% from 3% in January. The German government believes that the economy will expand by 3.6% in 2022, and the government reportedly believes that the better-than-expected growth dynamics seen in the fourth quarter of 2020 justify …

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• 26 April 2021 3:16 pm

  Bitcoin Jumps 8% And Heads to End a Series of 5 Sessions of Losses

  

  On Monday, Bitcoin jumped by as much as 8% and is heading to end a five-session losing streak, but the cryptocurrency is about a fifth below the all-time high it reached earlier this month. Bitcoin was in the latest transactions, up 6.7% to 52,452 dollars, after touching its lowest level …

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• 26 April 2021 2:36 pm

  Currencies Overview: Dollar Falling to 8-Week Low

  

  The dollar fell to a nearly eight-week low against other major currencies on Monday, amid speculation that US Federal Reserve Chairman Jerome Powell will avoid talks on easing bond purchases at this week’s meeting. The dollar reached 107.71 yen, close to the lowest level since the fourth of March. The …

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• 26 April 2021 1:52 pm

  Kremlin: Putin-Biden Meeting Dates And Place Yet to be Chosen

  

  Kremlin said in a statement on Monday, dates and place are yet to be chosen when asked about a possible meeting between Russian President Vladimir Putin and his American counterpart Joe Biden.

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• 26 April 2021 1:43 pm

  German IFO Index Drop to 99.5 in April

  

  The headline German IFO Business Climate Index came a bit higher at 96.8 in April compared to last month’s 96.6, missing the expectations of 97.8.

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• 26 April 2021 1:22 pm

  European Stocks Are Stable as Losses in Auto Stocks Erase Gains

  

  European stocks were largely flat on Monday, as car maker losses erased the gains of mining companies, while investors awaited a week full of corporate results and economic data. The pan-European STOXX 600 index rose 0.02% n early trade, after recording its first weekly loss in eight weeks on Friday. …

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• 26 April 2021 1:02 pm

  Japan Shares Closed Higher, Led by Travel Stocks

  

  Japanese shares closed higher on Monday as travel-related stocks recovered from losses stemming from concerns over coronavirus restrictions, and after ANA forecast losses lower than expected for the full year. The Nikkei index rose 0.36% to close at 29,126.23 points, while the broader Topix index rose 0.17 to 1918.15 points. …

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• 26 April 2021 12:42 pm

  Gold Rising as Virus Cases Increase And The Dollar’s Decline Reinforces Its Safe-Haven Appeal

  

  Gold won today, Monday, as the increase in the incidence of Covid-19 cases strengthened its appeal as a safe haven, and this reinforced the weakness of the dollar before the meeting of the Federal Reserve (US Central Bank) this week, while the palladium, which is used in the auto industry …

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