Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 14 May 2021 10:49 am

  Oil Continues to Suffer Losses Due to Covid-19 Cases in India And The Resumption of Work of a Major US Pipeline

  

  Oil prices fell on Friday, May 14, after losing about 3% in the previous session, as cases of Coronavirus cases remained high in India, a major consumer of crude, and with the resumption of work of a major pipeline in the United States after being closed due to a cyberattack. …

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• 13 May 2021 1:10 am

  U.S. Treasury Yields Surge to Two-Month High

  

  Treasury bond yields in the United States continued to rise for the fourth consecutive session on Wednesday, as a rise in inflation is reducing demand for long-term debt instruments. The benchmark 10-year Treasury bond yield registered its biggest daily increase since March 18, rising by 0.071 to 1.695% Meanwhile, the …

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• 12 May 2021 8:03 pm

  U.S. Inflation Surges to Highest Level since 2008

  

  Consumer prices in the United States surged during April, leading to the highest rise in the inflation rate in more than 12 years, data showed on Wednesday. The Consumer Price Index (CPI) increased by 4.2% last month, according to official data by the U.S. Department of Labor. This marked the …

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• 12 May 2021 2:10 am

  USD Declines Despite Rising Treasury Yields

  

  The U.S. Dollar (USD) showed a mostly negative performance on Tuesday, as investors seek safe haven assets due to concerns about a rise in inflation rates. The Dollar Index (DXY) that measures the greenback’s performance against a basket of six major international currencies, is down by 0.04% at 90.17. The …

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• 12 May 2021 1:56 am

  Oil Closes Higher amid Downstream Disruptions

  

  Oil prices rose on Tuesday, amid disruptions due to the cyber attack on the Colonial Pipeline in the United States, which plays a huge role in the distribution of gasoline across the U.S. Crude prices fluctuated during the second session of the week, before settling with limited gains. Brent crude …

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• 12 May 2021 12:09 am

  Fed’s Harker Says Recovery Needs More Time

  

  The President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Tuesday that the U.S. economy needs more time to recover before reducing the current pace of asset purchases. “I don’t want to change a whole lot until we’re clear of this ditch we’ve dug ourselves into with …

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• 12 May 2021 12:06 am

  Fed’s Brainard Stresses Patience in Policy Stance

  

  The United States Federal Reserve Governor, Lael Brainard, said on Tuesday that the U.S. economy is recovering but remains challenged by uncertainty, reiterating the need for patience in monetary policy. “The outlook is bright, but risks remain, and we are far from our goals.”“Basing monetary policy on outcomes rather than …

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• 11 May 2021 11:30 pm

  Gold Declines from Three-Month Highs

  

  Gold prices declined on Tuesday, following four consecutive rises, amid an increase in Treasury bond yields in the United States. The yellow metal futures for June delivery closed marginally lower by $1.50 at $1,836.10 per ounce. The decline comes after gold’s most active contract rose on Monday to its highest …

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• 11 May 2021 9:30 pm

  European Stocks Bear Highest Loss of the Year

  

  European stocks fell on Tuesday, after rising yesterday to a new record high, due to increased selling pressures amid fears of a rise in inflation and concerns about the rising number of coronavirus cases. The STOXX Europe 600 index plunged by 1.97%, as travel and leisure stocks fell by 5.7%. …

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• 11 May 2021 7:08 pm

  U.S. Job Openings Surge in March

  

  Job openings in the United States surged to a new record high in March, data by the U.S. Department of Labor showed on Tuesday. New job openings rose by 597,000, or 8%, to 8.12 million last month, compared with their level in February, according to the Job Openings and Labor …

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• 11 May 2021 5:02 pm

  Commodity Gains Capped The Dollar Ahead of The Inflation Data, AUD at 2-Month High

  

  The dollar stabilized near its lowest level in several months today, Tuesday, as high commodity prices supported the currencies of exporting countries, but caution about US inflation data that may lead to early interest rate hikes prevented the dollar’s ​​decline. The Australian dollar moved at its highest level in two …

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• 11 May 2021 3:53 pm

  OPEC Leaves Its Forecast For Oil Demand in 2021 as It Is!

  

  In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) left its forecast for global oil demand growth for 2021 unchanged at 5.95 million barrels per day, according to Reuters. While OPEC lowered its forecast for global oil demand in the second quarter of 2021 by 300 …

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• 11 May 2021 3:07 pm

  German ZEW Economic Sentiment Index Jumps to 84 in May

  

  ​​​​​​The German ZEW headline numbers for May showed that the Economic Sentiment Index jumped to 84 from 70.7 previous. Meanwhile, the Current Conditions sub-index recovered to -40.1 in May as against -48.8 recorded in the previous month.

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