Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 20 April 2021 1:04 am

  Wall Street Closes Lower

  

  The New York Stock Exchange (NYSE) closed lower on Monday, following a week that saw multiple record-breaking, as Wall Street investors leaned towards profit making. The Dow Jones Industrial Average declined by 123 points, or 0.36%, to finish at 34,077.63 points. The S&P 500 index fell by 22.21 points, or …

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• 20 April 2021 12:10 am

  Expectations by Goldman Sachs Supporting the Euro

  

  Goldman Sachs is expecting the Euro (EUR) to continue to rise against the U.S. Dollar (USD), advising investors to go long on the European currency, according to a recent note. Following the report, the EUR/USD pair reached its highest level in about six weeks on Monday. The investment bank is …

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• 19 April 2021 11:17 pm

  Oil Closes Higher amid Supply Disruptions

  

  Oil prices finished higher on Monday, due to supply disruptions in Libya and expectations for a recovery in the global demand. Brent Crude futures for May increased by 24 cents, or 0.36%, to $67.01 per barrel. Meanwhile, the May West Texas Intermediate (WTI) crude futures gained 25 cents, or 0.4%, …

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• 19 April 2021 10:59 pm

  GBP/USD Surges to Highest Level in a Month

  

  The British Pound (GBP) is rising on Monday against the declining U.S. Dollar (USD), supported by improved expectations in the UK and the anticipation for upcoming economic data. The GBP/USD pair is trading higher for the day by 1.13% at 1.3988. The pair has exceeded its best level in over …

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• 19 April 2021 10:39 pm

  Gold Closes Lower Following Large Weekly Gains

  

  Gold prices closed lower on Monday, after recording its best weekly performance since December 18 last week. The yellow metal’s decline comes despite the decline of the U.S. Dollar (USD) near its lowest level in about six weeks. Gold futures for June delivery decreased by $9.60, or 0.5%, to finish …

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• 19 April 2021 10:00 pm

  European Stocks Finish Marginally Lower

  

  European stocks closed slightly lower on Monday, following surges to new record highs by the end of last week. Mixed signals and a decline in Wall Street seemingly left their toll on the European stock exchanges. The pan-European STOXX 600 index closed marginally lower by 0.15 points to finish nearly …

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• 19 April 2021 7:11 pm

  USD Maintains Downward Trend

  

  The U.S. Dollar (USD) continued to decline on Monday, starting the week in a downward trend as the risk appetite among investors continue to improve. The Dollar Index (DXY) that measures the greenback against six currencies is down by 0.43% at 91.16. Earlier today, the index fell as low as …

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• 19 April 2021 5:18 pm

  Canada’s Housing Starts Increase in March

  

  Housing starts in Canada increased to 273,664 units last month up from 252,636 units in February, data by Canada Mortgage and Housing Corporation (CMHC) showed on Monday. The standalone monthly seasonally adjusted annual rates (SAAR) of housing starts for all areas in Canada stood at 335,200 units in March, rising …

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• 19 April 2021 4:04 pm

  Spain’s Health Ministry: Considering Delaying Second Dose of Moderna, Pfizer Shots

  

  Spain’s Health Ministry announced on Monday that it is considering delaying second doses of coronavirus vaccines developed by Pfizer and Moderna, El Mundo newspaper reported on Monday, citing an official document. The proposal is under consideration for under 80-year-olds to maximize the number of people who have received at least …

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• 19 April 2021 4:03 pm

  Bitcoin Begins The Week With a Record Drop

  

  Bitcoin traded at around $ 57,350 on Monday, after dropping as much as 15% on Sunday on the back of a drop in shares associated with cryptocurrency trading or bitcoin mining the previous week. The losses came after Bitcoin on Wednesday jumped over $64,000 for the first time ever due …

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• 19 April 2021 2:35 pm

  Currencies Overview: Dollar is Hovering Near Its Lowest Level in a Month as US Bond Yields Decline

  

  On Monday, the dollar settled near its lowest level in a month against other currencies, while US Treasury bond yields hovered near the lowest level in five weeks after the Federal Reserve confirmed its view that any increase in the rate of inflation is likely to be temporary. The US …

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• 19 April 2021 2:26 pm

  The Eurozone Current Account Surplus Shrank in February

  

  The European Central Bank reported Monday that the euro zone’s current account surplus narrowed in February due to a decline in net exports of goods and services. The bloc, which includes 19 euro-trading nations, recorded a current account surplus of 25.9 billion euros in February, down from 34.7 billion in …

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• 19 April 2021 1:41 pm

  Oil Falling as Demand Fears Increase Due to High Rate of Corona Cases

  

  Oil prices fell on Monday, as the increase in coronavirus cases in India and other countries raised fears of stronger measures to contain the pandemic that would affect economic activity and demand for basic commodities such as crude. Brent crude was down 23 cents, or 0.3%, to $ 66.54 a …

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