Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 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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• 9 April 2021 4:12 pm

  Canadian Employment Preview: Forecast From 4 Major Banks

  

  Here you can find the forecasts of economists and researchers of 4 major banks regarding the upcoming employment data. CIBC “There was likely an echo in March from February’s boom in hiring. As restrictions were further relaxed, employment likely recovered more ground, particularly in the hardest-hit sectors of the economy. …

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• 9 April 2021 3:30 pm

  Prince Philip, The Duke of Edinburgh, Has Died

  

  Buckingham Palace: The death of Prince Philip, Queen Elizabeth’s husband, this morning to be updated…

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• 9 April 2021 2:49 pm

  BofA: Investors Are Pouring More Money Into Stocks

  

  Investors have poured more money into stocks over the past five months than the market has received in the past twelve years, bank of America’s weekly flow data revealed on Friday (April 9th), as ultra-easy monetary policies and unprecedented stimulus sparked a massive shift toward equities. Bank of America said …

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• 9 April 2021 1:58 pm

  German Exports Increase Thanks to China, But With Negative Impact of Brexit

  

  German exports rose in February, as they received support from increased trade with China in a new indication that factories in Europe’s largest economy are buoyant despite a sharp drop in trade with the United Kingdom after its exit from the European Union. On Friday, April 9, the Federal Statistics …

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• 9 April 2021 1:17 pm

  Auto Sales in China Rose 75% in March

  

  Car sales in China rose in March, posting gains for the twelfth month in a row, as the world’s largest auto market leads the sector’s recovery from the Corona pandemic. Data from the China Automobile Manufacturers Association revealed that sales reached 2.53 million cars in March, up 74.9% year-on-year. Sales …

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