Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 3 May 2021 10:09 pm

  Gold Futures Close Higher as USD and Treasury Yields Decline

  

  Gold prices rose on Monday after four consecutive declines, on the back of the U.S. Dollar’s (USD) decline and an improved demand for safe haven assets, as Treasury bond yields retreated. Gold futures for June delivery gained $24.10, or 1.4%, to close at $1,791.80 per ounce. This marked the highest …

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• 3 May 2021 9:30 pm

  European Stocks Finish Higher on Recovery Signs

  

  European stocks opened the week with a positive performance, closing higher on Monday, supported by an improved investors’ sentiment as regulators plan to ease restrictions on travel as the coronavirus become more contained in the continent. Positive economic data and earnings reports also provided support to the market amid recovery …

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• 3 May 2021 7:27 pm

  U.S. Construction Spending Rises in March

  

  Spending on construction projects in the United States increased in March but the increase came below market expectations, official data showed. U.S. construction spending increased by 0.2% in March to reach a seasonally adjusted annual rate of $1.51 trillion, according to data by the U.S. Department of Commerce released on …

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• 3 May 2021 7:21 pm

  Canada Manufacturing PMI Declines in April

  

  The headline Canada Manufacturing Purchasing Managers’ Index (PMI) registered a seasonally adjusted reading of 57.2 in April, down from 58.5 in March. The reading signals the third-strongest growth in operating conditions on record, according to IHS Markit’s report released on Monday. “April data signaled another robust overall expansion in operating …

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• 3 May 2021 7:09 pm

  U.S. Manufacturing PMI Slows in April

  

  The manufacturing sector in the United States continued to expand but at a slower pace during April compared with the previous month, data showed on Monday. The manufacturing purchasing managers’ index (PMI) declined to 60.7 last month from a record high of 64.7 in March, according to the Institute for …

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• 3 May 2021 5:30 pm

  Wall Street Opens Higher amid Recovery Signs

  

  The New York Stock Exchange (NYSE) opened the first week of May on a positive note, after recording losses last week. Wall Street investors are expecting a rebound from the negative impacts of the Coronavirus pandemic, and optimistic about large listed companies and corporations achieving positive results. The Dow Jones …

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• 3 May 2021 4:02 pm

  President of German Hospital Federation: Indications of The Decline in Number of Coronavirus Cases in Germany

  

  The head of the German Hospital Association, Gerald Gass, told the widespread newspaper Bild that the stability of the number of new cases of Covid-19 in Germany raises hopes that the burden will not be increased on intensive care units. “We are looking for the numbers of new cases to …

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• 3 May 2021 3:28 pm

  Dollar Holds onto Its Gains as Investors Await US Data, Hoping For Indications on Policy

  

  Today, Monday, the dollar clung to its recent rally, as investors were cautious at the start of a week full of central bank meetings and important US economic data to elicit indications of global inflation outlook and the reactions of policymakers. Trading was limited due to a holiday in both …

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• 3 May 2021 2:36 pm

  EU Proposes to Ease Restrictions on Non-essential Travel For Vaccinated

  

  The European Commission proposed that Member States ease the current restrictions on non-essential travel into the block for those who have been vaccinated. The travel ban has been in place for over a year amid the continuous surge in COVID-19 cases. The announcement raised prospects for the gradual reopening of …

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• 3 May 2021 2:27 pm

  Reuters: Liquefied Natural Gas Shipments Diverted From India as The Pace of Coronavirus Cases Accelerates

  

  Commercial and shipping sources said today that LNG shipments are being diverted away from ports in India, as the acceleration of coronavirus infections there undermines domestic demand for gas, according to Reuters. Last week, at least four LNG shipments from India were diverted to other locations in Asia instead, the …

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• 3 May 2021 2:23 pm

  German Retail Sales Jump in March as Isolation Eases

  

  Data on Monday showed that German retail sales in March recorded the largest year-on-year increase since the start of the Covid-19 pandemic, with some isolation measures eased, raising purchases of clothing and shoes. The Federal Statistical Office said that retail sales jumped 11% compared with the same period a year …

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• 3 May 2021 2:21 pm

  Oil Prices Fall as The Pandemic Scatters Fuel Sales in India

  

  Oil prices plunged on Monday, as a catastrophic second wave of the Coronavirus pandemic in India undermined a recovery in fuel demand there, overshadowing optimism about a strong recovery in fuel demand in developed countries and China in the second half of the year. Brent crude for July delivery fell …

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• 3 May 2021 1:09 pm

  Cryptocurrency Ethereum Rises Above $3,100 Levels For The First Time in Its History

  

  Cryptocurrency Ethereum is rising about 5%, breaching $3100 levels for the first time in its history The currency has recorded gains of about 323% since the beginning of this year, bringing its market value to about $354 billion

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