Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 28 May 2021 1:42 pm

  European Stoxx600 Index Rises 0.4% to a New Record High

  

  European markets rose to record levels as global stocks were affected by strong economic data out of the US this week. The pan-European Stoxx600 index rose 0.4% in early trading, surpassing its record high on Thursday, and insurance stocks rose 1.2% to lead the gains as all sectors except the …

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• 28 May 2021 1:41 pm

  The Turkish Lira Rises by More Than 1% And Compensates For Some of Its Losses

  

  The Turkish lira rose more than 1% on Wednesday, March 24, to offset some of the losses it incurred after President Recep Tayyip Erdogan’s surprise decision at the weekend to change the central bank governor to the last opponent of tightening fiscal policy. The lira reached 7.8650 dollars against the …

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• 28 May 2021 12:40 pm

  Gold Falls on The Rise of The Dollar And Bond Yields Ahead of The release of US Inflation Data

  

  Gold prices fell on Friday, May 28th, as the dollar and US Treasury yields rose, while investors awaited the release of personal consumption data in the United States later in the day for indications of inflationary pressures. Gold fell in spot transactions 0.2% to $ 1891.45 an ounce. The metal …

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• 28 May 2021 12:20 pm

  Japan Shares Close Higher With Growing bets on Recovery on Vaccine

  

  Japanese stocks closed higher on Friday, May 28, as investors flocked to stocks linked to the wave of selling launched in the previous session by an adjustment by MSCI, while progress in the launch of vaccines raised risk appetite in hopes of a rapid economic recovery. The Nikkei index rose …

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• 28 May 2021 5:50 am

  Fed’s Reverse Repurchase Facility Surges to New All-Time High

  

  Cash flows into the New York Federal Reserve’s reverse repurchase (RRP) facility hit a new record high at $485 billion on Thursday, according to recent reports. The development is increasing the pressure on key interest rates that could decline into the negative territory below zero. The previous all-time high was …

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• 28 May 2021 2:09 am

  EIA Expects Higher Demand and Fuel Price Hike

  

  The United States Energy Information Administration (EIA) has projected that energy prices will continue to rise on increased demand, according to its latest outlook report. The EIA now expects the global demand for fuel will reach 97.7 million barrels per day, rising by 5.4 million barrels per day compared to …

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• 28 May 2021 12:03 am

  Oil Maintains Gains for Fifth Session to Reach Highest Level Since 2018

  

  Oil prices rose on Thursday for the fifth consecutive session, with economic data boosting hopes for recovery. Specifically, the U.S. GDP data, which showed a growth rate of 6.4%, provided support to crude oil prices, as well as the drop in jobless claims. Brent crude futures for July delivery rose …

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• 27 May 2021 11:01 pm

  Gold Sees First Loss in Four Sessions

  

  Gold prices declined on Thursday after three consecutive rises, losing the $1,900 level, as the U.S. Dollar (USD) strengthened with the Treasury yields rising. The yellow metal futures for June delivery lost $5.5, or 0.3%, to close at $1,895.70 per ounce. Gold futures for August delivery also dropped $5.30, or …

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• 27 May 2021 9:57 pm

  Kansas Fed Manufacturing Index Declines

  

  The Tenth District manufacturing activity maintained growth during May, expanding at a strong pace, with positive expectations for future activity, according to the Federal Reserve Bank of Kansas. However, the monthly composite index declined to 26 this month, from 31 in April. Factory activity expanded on an annual basis, maintaining …

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• 27 May 2021 9:30 pm

  Yellen: Biden Budget to Raise Debt-to-GDP Ratio

  

  The proposed budget by the United States President Joe Biden will increase the ratio of the public debt to the gross domestic product (GDP), Secretary of the Treasury, Janet Yellen, said on Thursday. However, the budget will not add extra pressures on the inflation rate, Yellen noted. Speaking to a …

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• 27 May 2021 8:59 pm

  Biden Administration Closely Monitoring Inflation – Yellen

  

  The United States Secretary of the Treasury, Janet Yellen, said on Thursday that the recent rise in inflation will most likely be temporary, with the economy still recovering from the coronavirus (COVID-19) pandemic. She further told Congress that the administration of President Joe Biden, as well as U.S. regulators, are …

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• 27 May 2021 8:29 pm

  U.S. Capital Goods Orders Rise in April

  

  U.S. new capital goods orders rose in April more than expected, as businesses recover from the coronavirus pandemic, data showed on Thursday. Orders increased by 2.3% last month, according to the U.S. Department of Commerce. On an annual basis, the rise was by 14.7%. Core capital goods shipments also grew …

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• 27 May 2021 7:03 pm

  Pending Home Sales Decline in April

  

  The United States Pending Home Sales Index declined by 4.4% on a monthly basis in April, data showed on Thursday. The decrease resulted from a record-low supply of homes available for sale during the first quarter of the year, according to the National Association of Realtors (NAR). This comes against …

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