Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 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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• 8 April 2021 4:02 pm

  ECB Meeting Accounts: ECB to Maintain Accommodative Policy

  

  The European Central Bank’s (ECB) policymakers reassured that they will maintain an accommodative monetary policy for as long as necessary and saw no risk of overheating, the ECB’s March Monetary Policy Meeting Accounts showed on Thursday.

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• 8 April 2021 3:26 pm

  Currencies Overview: The Dollar Steady Near Lowest Level in Two Weeks

  

  During trading, the US dollar approached its lowest level in more than two weeks against the major counterpart currencies on Thursday, April 8th, to track low Treasury yields, after the minutes of the March Federal Reserve policy meeting did not provide new incentives to determine the market direction. The meeting …

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• 8 April 2021 2:49 pm

  ECB’s Lagarde: Euro Area Activity Should Pick Up

  

  Pandemic and related containment measures will continue to adversely affect Euro area economic activity in the short term, says the ECB President Christine Lagarde at the 43rd IMFC meeting. “Beyond the short term, Euro area activity should pick up.”“The risks surrounding the Euro area growth outlook have become more balanced.”“Underlying …

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• 8 April 2021 2:07 pm

  FAO: The Global Food Price Index Rose in March For The Tenth Month in a Row

  

  The Food and Agriculture Organization of the United Nations (FAO) stated that global food prices rose for the tenth consecutive month in March, reaching their highest levels since June 2014, led by jumps in the prices of vegetable oils, meat and dairy products. The FAO Food Price Index, which measures …

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