Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 12 April 2021 10:12 am

  Weekly Recap: 5-9 April

  

  Weekly Recap: 5 – 9 April Last week was highlighted by the release of the last meeting minutes for the central banks in the United States and the Eurozone. The March meeting, which saw the United States Federal Reserve deciding to maintain its monetary policy unchanged until the American economy …

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• 10 April 2021 2:15 am

  Why the ECB is Optimistic about Recovery in H2?

  

  The President of the European Central Bank (ECB), Christine Lagarde, believes that the European Union (EU) will see strong economic growth and recovery during the second half (H2) of the year. “Light is at the end of the tunnel. We can see it. It is not yet within touching distance. …

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• 10 April 2021 1:47 am

  NYSE Logs Third Straight Weekly Rise

  

  The main indices of the New York Stock Exchange (NYSE) finished higher on Friday, with the Dow and the S&P 500 hitting an all-time closing high amid signs of economic recovery from the negative impacts of the Coronavirus pandemic. Despite a larger than expected rise in producers prices last month, …

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• 10 April 2021 12:57 am

  DXY Erases Most of Its Daily Gains

  

  The U.S. Dollar (USD) narrowed its daily gains on Friday but remained in the positive territory against major currencies on the back of a rise in Treasury bond yields. The Dollar Index (DXY), which measures the greenback against a basket of six currencies, is up by 0.13% at 92.18, after …

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• 10 April 2021 12:51 am

  USD/JPY Rises on Treasury Yield Gains

  

  The U.S. Dollar (USD) rose against the Japanese Yen (JPY) on Friday supported by the rising Treasury bond yields, The benchmark 10-year U.S. Treasury bond yield is up by about three basis points at 1.66% after declining on Thursday, amid expectations of a rise in inflation following the release of …

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• 9 April 2021 11:00 pm

  Gold Declines to Limit Weekly Gains

  

  Gold prices declined on Friday, as the U.S. Dollar (USD) rose across the board supporting by rising Treasury bond yields. Today’s decline limited the yellow metal’s weekly gains Gold futures for June delivery decreased by $13.40, or 0.8%, to close at $1,744.80 per ounce. For the week, gold’s most-active contracts …

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• 9 April 2021 10:26 pm

  European Stocks Extends Weekly Gains to Best Since November 2019

  

  European stocks showed  a mixed performance on Friday, but managed to lock another weekly rise to score its longest streak of weekly gains since November 2019. Positive expectations regarding economic recovery in the Eurozone weighed off concerns about the slow rollout of coronavirus vaccines. The pan-European STOXX 600 finished almost …

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• 9 April 2021 10:03 pm

  Fed’s Kaplan to Support Policy Changes Soon

  

  President of the Federal Reserve Bank of Dallas Robert Kaplan said on Friday that he will support reducing the current level of support to the economy soon. “You don’t want to be preemptive, but I also don’t want to be so reactive that we are late.” Kaplan believes that as …

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• 9 April 2021 9:00 pm

  U.S. Oil Rigs Unchanged for the Week: Baker Hughes

  

  The number of active rigs drilling for crude oil and natural gas in the United States increased by two this week, raising the total rig count to 432, according to data by Baker Hughes on Friday. The weekly report showed that the number of oil rigs remained unchanged at 337, …

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• 9 April 2021 7:49 pm

  U.S. Wholesale Inventories Rise in February

  

  Wholesale inventories in the United States increased during February, according to data by the U.S. Department of Commerce on Friday. The initial estimate of the growth in wholesale inventories was revised upwards to 0.6%, from 0.5% estimated last month, following a 1.4% surge in January. Meanwhile, the component of wholesale …

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• 9 April 2021 6:08 pm

  US: Annual Core PPI Rises to 3.1% in March

  

  The Producer Price Index (PPI) in the US for final demand rose to 1% in March from 0.5% in January, the monthly report published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI jumped to 4.2% from 2.8%. Further details of the publication …

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• 9 April 2021 5:32 pm

  Canada: Unemployment Rate Drops to 7.5% in March

  

  The Unemployment Rate in Canada declined to 7.5% in March from 8.2% in February as the Net Change in Employment rose by 303,000, the data published by Statistics Canada revealed on Friday. Both of these readings came in stronger than analysts’ estimates.

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• 9 April 2021 5:01 pm

  Currencies Overview: Dollar Rebound Losing Momentum, Concerns about AstraZeneca Weighing on The Pound

  

  The dollar advanced slightly on Friday, April 9th, but it is heading towards recording its weakest weekly performance in the year as strong data in Europe stimulated, sudden weakness in US job numbers and the Reserve Board’s insistence on following an accommodative policy for investors to reduce their bets on …

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