Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 16 April 2021 1:45 am

  Copper Surges after Being Called the New Oil

  

  Copper prices surged on Thursday to their highest level in about a month and a half, amid positive economic data prompting expectations for higher demand, amid concerns about limited supplies of the red metal. Copper futures for May delivery rose by 2.2% to settle at $4.22 a pound, reaching its …

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• 16 April 2021 1:37 am

  Turkey Could Raise Interest Rates in Q4

  

  Goldman Sachs expects that the Turkish central bank might move to cut its key rate during the fourth quarter of the year. The Central Bank of Turkey decided to maintain interest rates unchanged on Thursday in the first Monetary Policy Committee (MPC) meeting under the new leadership, in a move …

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• 16 April 2021 12:00 am

  Oil Finishes at Highest Level in a Month

  

  Oil prices rose on Thursday for the fourth consecutive session, supported by an improved outlook for demand recovery this year. Brent crude futures for June delivery added 36 cents, or 0.5%, to close at $66.94 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for May delivery gained 31 …

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• 15 April 2021 11:05 pm

  Gold Surges on Geopolitical Tensions and Treasury Yields Decline

  

  Gold prices rose on Thursday and saw its best session performance since March, amid a decline in the U.S. Treasury bond yields and fluctuations by the U.S. Dollar (USD). Moreover, rising tensions between the United States and both Russia and China, improved demand for the yellow metal as a safe …

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• 15 April 2021 10:04 pm

  European Stocks Hit New All-Time High

  

  European stocks surged to a new all-time high on Thursday, supported by an improved risk sentiment among investors that resulted from positive economic data and earnings reports. The pan-European STOXX 600 index rose by 2.34 points, or 0.54%, to close at a new all-time high of 438.91 points. The mining …

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• 15 April 2021 8:10 pm

  Canada’s Home Sales Set New Record in March

  

  Home sales in Canada rose by 5.2% in March, data by the Canadian Real Estate Association showed on Thursday. More than 76,000 residential units were traded last month, marking the highest level of real estate trading activity on record. The previous record high was set in July 2020 at around …

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• 15 April 2021 6:30 pm

  U.S. Homebuilders Confidence Improves in April

  

  The U.S. National Association of Home Builders (NAHB) housing market index rose to 83 in April, compared with 82 in March, data showed on Thursday. The current sales conditions index also leveled up one point to 88, while the index for sales expectations in the next six months declined by …

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• 15 April 2021 5:30 pm

  U.S. Industrial Output Recovers in March

  

  Industrial production in the United States expanded last month by 1.4%, following a reading that showed a 2.6% decline in February. The rebound in industrial output in March comes following a sharp decline in February that resulted mainly from bad weather conditions and a winter storm hitting southern parts of …

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• 15 April 2021 5:22 pm

  US Retail Sales Rebound Sharply in March

  

  Retail Sales in the US rose by 9.8% in March to $619.1 billion, the data published by the US Census Bureau revealed on Thursday. This reading followed February’s contraction of 2.7% and surpassed the market expectation of 5.9%.

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• 15 April 2021 5:19 pm

  The Turkish Lira Declining Against The Dollar After The Central Bank’s Interest Rate Decision

  

  The Turkish lira declined against the US dollar after an earlier rise, following the central bank’s decision to keep the interest rate unchanged at 19%. The currency fell to 8.1250 after the decision, which was preceded by its initial rise to 8.005 against the US currency. It had closed at …

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• 15 April 2021 4:05 pm

  Bank of Japan Governor: The Repercussions of Coronavirus Affect The Economic Recovery

  

  Bank of Japan Governor Haruhiko Kuroda warned Thursday that the Japanese economy is recovering but that the recovery is likely to be modest due to the coronavirus measures. The bank gave a negative assessment of two of the nine regions in Japan and maintained its outlook on the remaining areas, …

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• 15 April 2021 3:14 pm

  Turkey: CBRT Leaves Policy Rate Unchanged at 19%

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 19% as expected. In its policy statement, the central bank refrained from repeating last month’s pledge to “decisively” maintain a tight policy.

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• 15 April 2021 2:42 pm

  Germany’s Economy Contracted by 1.8% in Q1 of 2021 Due to COVID-19 Restrictions

  

  Prominent economic institutes said that the German economy may shrink 1.8% on a quarterly basis in the first three months of this year due to the restrictions of Covid-19, a revision of their joint forecast of growth in Europe’s largest economy. Institutes now expect GDP growth of 3.7% this year, …

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