Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 9 April 2021 12:59 pm

  Gold Falling After Promising Data From China, But it is on The Way to Achieve a Weekly Rise

  

  Gold prices fell on Friday, April 9th, as strong economic data from China boosted hopes for a quick recovery, but the yellow metal is on track to rise by more than 1% per week with the dollar and US Treasury yields falling from their recent high levels. China’s factory-gate prices …

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• 9 April 2021 12:32 pm

  German Industrial Production Rises by 3.6% in February

  

  Industrial Production in Germany showed a sharp increase in February, suggesting that the recovery in the manufacturing sector may have regained momentum. The industrial output arrived at 3.6% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 2.4% rise expected and -3.5% …

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• 9 April 2021 12:16 pm

  Japan shares Closing Higher on Hopes For a Strong Corporate Earnings Season

  

  Japanese shares closed higher on Friday (April 9th), as they received support from growing expectations that companies will post strong earnings and issue optimistic expectations as the earnings reporting season begins. The Nikkei index rose 0.2% to 29,768.06 points, while the broader TOPIX index gained 0.39% to 1,959.47 points. Stocks …

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• 9 April 2021 2:50 am

  Fed’s Bullard Calls for Maintaining Policies Until Pandemic is Over

  

  The United States Federal Reserve should not pull back its easing policies until the coronavirus pandemic is fully over, according to the President of the Federal Reserve Bank of St. Louis Fed, James Bullard. “We have to get the pandemic behind us first,” “There are still risks and things could …

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• 9 April 2021 2:46 am

  Powell Expects Temporary Rise in Prices

  

  The United States Federal Reserve does not plan to reduce the current measurements to support the American economy, Chairman Jerome Powell said on Thursday during the International Monetary Fund and World Bank spring meetings. Powel expects the rise in inflation this year to be temporary, noting that the recovery depends …

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• 9 April 2021 1:06 am

  Eurozone Producer Prices Rise in February

  

  The Eurozone’s Producer Prices Index (PPI) increased by 0.5% in February, compared with its level in January, according to data by Eurostat. Furthermore, official data by the European Union (EU) showed a 1.5% rise in produce prices in February on an annual basis. Rising energy costs by 2.3% year-on-year contributed …

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• 8 April 2021 10:30 pm

  Gold Closes at Six-Week High

  

  Gold prices rose on Thursday to their highest level in about six weeks as the U.S. Dollar (USD) plunged amid expectations of a rise in inflation. In addition, a decline in the benchmark U.S. 10-year Treasury bond yields contributed to the yellow metal gains. Gold futures for June ended rose …

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• 8 April 2021 10:00 pm

  European Stocks Hit New All-Time High

  

  European stocks continued to show record-breaking performance on Thursday, supported by an improved outlook for the global economic recovery, one day after the U.S. Federal Reserve’s latest meeting minutes showed commitment to growth-inducing policies. The STOXX Europe 600 index gained 0.54% to close at a record high of 436.67 points. …

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• 8 April 2021 7:54 pm

  USD Falls to Lowest Level in Two Weeks

  

  The U.S. Dollar (USD) declined on Thursday to near its lowest level in about two weeks, as the market digests the minutes of the Federal Reserve March meeting, which was published yesterday. The Dollar Index (DXY) is down by 0.34% for the day at 92.14, after touching a daily low …

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• 8 April 2021 7:43 pm

  Yellen Calls for Supporting Poor Countries Amid COVID-19

  

  The United States Treasury Secretary Janet Yellen called on developed economies to inject fiscal support and support the poorest countries to help the recovery from the Coronavirus pandemic. Speaking during the International Monetary Fund and the World Bank Spring meetings on Thursday, Yellen warned against the risk lasting divergence in …

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• 8 April 2021 7:37 pm

  U.S. Natural Gas Storage Rises

  

  Natural gas inventories in the United States increased by 20 billion cubic feet (bcf) last week, according to data by the U.S. Energy Information Administration (EIA). The EIA weekly report showed on Thursday that natural gas supplies reached 1.784 trillion cubic feet, decreasing by 235 bcf compared with the same …

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• 8 April 2021 5:45 pm

  Oil Prices decline Post The US Data

  

  Crude oil prices fell on Thursday after official data showed a significant increase in US gasoline stocks, which raised concerns about weak demand in the world’s largest oil consumer as crude supplies rose around the world, and Brent crude fell 51 cents, or 0.8%, to $62.65 a barrel. The price …

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• 8 April 2021 5:17 pm

  US: Weekly Initial Jobless Claims rise to 744K

  

  There were 744,000 initial claims for unemployment benefits in the US during the week ending April 3, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 728,000 (revised from 719,000) and came in worse than the market expectation of …

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