Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 16 April 2021 3:23 pm

  Turkey Bans The Use of Cryptocurrencies in Payments

  

  The Turkish Central Bank banned the use of cryptocurrencies assets in the purchase of goods and services, pointing to potential “irreparable” damages and great risks in those transactions. In the legislation published in the Official Gazette early Friday, the Turkish central bank said that cryptocurrencies and other digital assets based …

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• 16 April 2021 3:17 pm

  Currencies Overview: Dollar Heading Towards Second Weekly Loss on Fed’s Stance

  

  The dollar is heading towards its worst consecutive weekly decline since the start of the year as Treasury yields continue to decline as investors increasingly accept the Fed’s insistence on maintaining an easing policy stance for a longer period. Record 10-year Treasury yields fell to a one-month low of 1.528% …

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• 16 April 2021 2:20 pm

  BofA: Bank of America: Investors Pumping Money Into Stocks And Bond Funds, Dumb Cash

  

  Bank of America’s flows data revealed on Friday that investors pumped a whopping $25.6 billion into equity funds in the week ending Wednesday and $17.9 billion into bond funds, the largest inflow of inflows in ten weeks. In contrast, $47.3 billion was displaced from cash funds, the largest in four …

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• 16 April 2021 2:17 pm

  Eurozone final CPI Meets Estimates in March

  

  According to Eurostat’s final reading of the Eurozone CPI report for March, the consumer prices came in at 1.3% on a yearly basis, meeting the estimate of 1.3% and 1.3% expectations. While the core figures steadied at 1.4%, also matching the 0.9% expectations. On a monthly basis, the bloc’s CPI …

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• 16 April 2021 1:32 pm

  Gold Hovering Near a 7-Week High as US Bond Yields Decline

  

  Gold prices stabilized today, Friday, near their highest levels since late February, and is on the path of achieving the second consecutive weekly gain, supported by the decline in US Treasury revenues and the weakness of the dollar. Gold settled in spot transactions at $1,762.70 an ounce, with the beginning …

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• 16 April 2021 1:27 pm

  Oil Rises to a 4-Week High, on Strong Data From China And a Rebound in Demand

  

  Oil prices extended their gains today, Friday, and are on a path of achieving a weekly profit of about 7%, with an improved outlook for crude demand and a strong economic recovery in China and the United States, which erased concerns about an increase in Covid-19 infections. With the close …

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• 16 April 2021 12:55 pm

  European Shares Rise as Daimler Earnings Lift Automakers

  

  European stocks hit a record high on Friday after strong data in the United States and China sparked optimism about a rapid economic recovery, while carmakers received a boost following better-than-expected earnings for Daimler. The pan-European STOXX 600 index added 0.1%, and is on track for its seventh straight week …

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• 16 April 2021 12:37 pm

  Japan Shares Closed Higher Thanks to a boost From Chip Companies

  

  Japanese shares closed slightly higher on Friday as chip heavyweight stocks rose, but concerns about corporate expectations dampened gains. The Nikkei index rose 0.14% to 29,683.37 points, while the broader Topix index rose 0.09% to close at 1960.87. Chip-related shares gained after the Taiwan semiconductor maker reported a 19.4% increase …

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• 16 April 2021 2:11 am

  Data Continue to Signal Economic Recovery in U.S.

  

  The United States continues to show increasing signs of economic recovery, supported by the massive government stimulus spending and the monetary easing policies of the Federal Reserve. The measurements that aim at curbing the negative economic impacts of the coronavirus pandemic seem to be working amid a surge in consumer …

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• 16 April 2021 1:52 am

  Wall Street Sees Another Record-Breaking Performance

  

  The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday due to an improved investors’ sentiment and risk appetite in Wall Street and around the globe, after the release of positive economic data. The Dow Jones Industrial Average finished at an all-time high, closing above 34,000 …

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• 16 April 2021 1:45 am

  Copper Surges after Being Called the New Oil

  

  Copper prices surged on Thursday to their highest level in about a month and a half, amid positive economic data prompting expectations for higher demand, amid concerns about limited supplies of the red metal. Copper futures for May delivery rose by 2.2% to settle at $4.22 a pound, reaching its …

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• 16 April 2021 1:37 am

  Turkey Could Raise Interest Rates in Q4

  

  Goldman Sachs expects that the Turkish central bank might move to cut its key rate during the fourth quarter of the year. The Central Bank of Turkey decided to maintain interest rates unchanged on Thursday in the first Monetary Policy Committee (MPC) meeting under the new leadership, in a move …

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• 16 April 2021 12:00 am

  Oil Finishes at Highest Level in a Month

  

  Oil prices rose on Thursday for the fourth consecutive session, supported by an improved outlook for demand recovery this year. Brent crude futures for June delivery added 36 cents, or 0.5%, to close at $66.94 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for May delivery gained 31 …

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