Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 6 April 2021 9:16 pm

  USD Continues to Decline Abolishing Earlier Gains

  

  The U.S. Dollar (USD) continued to decline on Tuesday since the beginning of today’s American session, after registering some gains and fluctuations during the Asian and European trading hours. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.21% …

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• 6 April 2021 8:02 pm

  Yellen Warns Against Withdrawing Economic Support Too Quickly

  

  The United States Treasury Secretary, Janet Yellen, said on Tuesday that a strong economic recovery in the U.S. would help overall global growth, Reuters reported. More work is needed to deal with the vulnerabilities that the pandemic has shown, especially in the non-banking financial sector, as well as the global …

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• 6 April 2021 6:22 pm

  US: JOLTS Job Openings Rise to 7.4 Million in February

  

  The number of job openings on the last business day of February was 7.4 million, the US Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This reading came in higher than the market expectation of 6.9 million.

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• 6 April 2021 6:02 pm

  NZD/USD Trimmed Gains

  

  The New Zealand Dollar (NZD) witnessed huge losses on Monday, as the US Dollar (USD) rebounded as Investors are turning to safety. After rising to its higher level in a year and a half by the end of last week, the NZD/USD pair erased its gains earlier today. This is …

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• 6 April 2021 4:54 pm

  IMF Raises Global Growth Outlook to 6% in 2021

  

  The International Monetary Fund announced Tuesday that it raised its outlook for global economic growth to 6% this year from 5.5% in January’s forecasts, as reported by Reuters. “IMF 2021 forecast would mark fastest global growth pace since 1976 led by strong US rebound.”“IMF raises US 2021 growth outlook by …

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• 6 April 2021 4:08 pm

  The British Government Gives The Green Light to Open Parts of The Economy on April 12th

  

  As planned by the British government, parts of the country’s economy will reopen next Monday, the 12th of April, while vaccination operations will continue. Prime Minister Boris Johnson said that the government has given the green light to reopen non-essential stores, gyms, outdoor hospitality venues, and hair salons for the …

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• 6 April 2021 3:01 pm

  Eurozone: Unemployment Rate Beats Expectations

  

  The seasonally adjusted unemployment rate in the euro area came at 8.3% in February 2021, higher than market expectations of 8.1% and higher than 7.3% the previous year. The number of unemployed increased by 48,000 compared to the previous month to 13.571 million. The youth unemployment rate, which measures job …

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• 6 April 2021 2:10 pm

  RBA Keeps OCR Steady at a Record Low of 0.10% in April

  

  Following the conclusion of its April monetary policy meeting, the Reserve Bank of Australia board members decided to keep the official cash rate (OCR) unadjusted at a record low of 0.10%. The RBA maintained its target of 10 basis points for yield on a 3-year Australian government bond. The central …

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• 6 April 2021 1:26 pm

  Currencies Overview: The Dollar Falling With The Decline in US Bond Yields

  

  The dollar settled near its lowest level in nearly two weeks against a basket of counterpart currencies, tracking the decline in US Treasury bond yields from their recent peak, despite signs of a strong economic recovery in the United States. The dollar index fell to 92.527 in the Asian session, …

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• 6 April 2021 12:53 pm

  European Stoxx600 Index Reaches a Record High on Optimism For Global Recovery

  

  The European index reached a record high on Tuesday, April 6, to compensate for all the losses incurred by the pandemic as investors bet on a rapid global economic recovery, stimulated by massive stimulus spending and immunization campaigns against Covid-19. European dealers returned to the market after a long holiday …

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• 6 April 2021 12:32 pm

  The World Bank President Expects G20 to Extend Its Initiative to Freeze Debt Payments Until End of 2021

  

  World Bank President David Malpass said Monday that he expects China, the United States, and other major economies in the Group of Twenty to extend the freeze on bilateral debt service payments until the end of 2021 when it meets next week. Malpass told reporters that the G20 initiative to …

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• 6 April 2021 12:16 pm

  Oil Recovering Thanks to Strong Economic Data and Bargain Hunting

  

  Oil prices rose on Tuesday, April 6 as investors looked to chase bargains following a drop the previous day due to higher OPEC+ production, while prospects for recovery improved thanks to strong economic data from the United States and China. By 06:46 GMT, Brent crude futures rose 78 cents, or …

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• 6 April 2021 2:35 am

  Wall Street Closes at New Record Highs on Economic Data

  

  The New York Stock Exchange (NYSE) closed higher on Monday, with main indices reaching all-time record highs, supported by positive economic data. In the first session of the week, the Dow Jones Industrial Average and the S&P 500 indices closed at new record levels, due to the improved investors’ sentiment …

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