Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 29 April 2021 1:07 pm

  Oil Prices Continue Gains, Supported by Positive Demand Outlook Overshadowing Concerns About India

  

  Oil prices extended gains Thursday, April 29, after rising 1% in the previous session, as positive expectations about a recovery in demand this summer overshadowed concerns about the impact of an increase in the frequency of Covid-19 infections in India, Japan, and Brazil. Brent crude for June delivery rose 22 …

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• 29 April 2021 12:39 pm

  The Turkish Lira Stabilizes Amid speculation That The Central Bank Will Raise Its Inflation Forecast

  

  The Turkish lira stabilized ahead of the central bank’s report on quarterly inflation, which is expected to raise its expectations in the face of the falling currency and rising commodity prices. The lira was at 8.1950 against the dollar, which is below its close level on Wednesday at 8.2. The …

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• 29 April 2021 12:18 pm

  European Stocks Reach Their Peak With Support From Unilever And Nokia

  

  On Thursday, April 29, European stocks resumed their advance towards their all-time highs after a set of positive business results and the US Federal Reserve pledging to continue adopting the loose monetary policy. The European Stoxx600 index rose 0.4%, just 3 points away from its peak. Consumer goods giant Unilever …

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• 29 April 2021 2:43 am

  Fed Maintains Policy Stance in April FOMC Statement

  

  The United States Federal Reserve on Wednesday decided to maintain its current monetary policy, with massive quantitative easing measurements to help the economy on the way to recovery from the coronavirus pandemic. Interest rates remain near 0% at a historically low level, with a large asset purchase program that includes …

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• 29 April 2021 1:32 am

  Wall Street Closes Lower Following Fed’s Policy Decision

  

  The New York Stock Exchange (NYSE) finished lower on Wednesday, following the Federal Reserve’s decision to maintain interest rates at a historic low level near 0%. The marker is also anticipating today’s speech by President Joe Biden in front of a joint session of Congress. Facebook shares continued to rise …

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• 28 April 2021 11:58 pm

  Oil Prices Rise to Highest Level in Six Weeks

  

  Oil prices rose on Wednesday, maintaining an upward trend to settle at their highest level in about a month and a half, supported by the recent OPEC+ decision to gradually phase out output cuts. Brent crude futures for June delivery gained 85 cents, or 1.3%, to close at $67.27 per …

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• 28 April 2021 11:15 pm

  Gold Finishes Lower for Second Day in Row

  

  Gold prices declined for the second consecutive session on Wednesday, after the United States Federal Reserve statement that sent U.S. Treasury bond yields higher. The yellow metal futures for June delivery lost $4.90, or 0.3%, to close at $1,773.90 per ounce. This market the lowest closing level for gold’s most …

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• 28 April 2021 10:27 pm

  European Stocks Settle with Marginal Gains

  

  European stocks showed a mostly positive performance on Wednesday, as the market anticipated the outcomes of the U.S. Federal Reserve meeting, as well as positive earnings reports by major listed companies. The pan-European STOXX 600 closed nearly unchanged for the second consecutive session, rising marginally by less than 0.1%, as …

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• 28 April 2021 10:07 pm

  Federal Reserve Holds Interest Rates Unchanged

  

  The United States Federal Reserve on Wednesday decoded to maintain interest rates at a historical low range near 0%. In addition, the Federal Open Market Committee (FOMC) decided to maintain the current pace of asset purchases at $120 billion per month, in line with the quantitative easing policies. As expected, …

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• 28 April 2021 7:01 pm

  U.S. Oil Inventories Rise 100,000 B in Week

  

  Crude oil inventories in the United States increased by 100,000 barrels last week, according to data by the U.S. Energy Information Administration (EIA). The EIA’s weekly report released on Wednesday showed that gasoline inventories rose by 100,000 barrels, while distillate stockpiles decreased by 3.3 million barrels in the week to …

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• 28 April 2021 6:57 pm

  Canada’s Retail Sales Grow in February

  

  Canada’s retail sales increased by 4.8% to $55.1 billion in February, data showed on Wednesday. Core retail sales rose by 3.8% in February, registering its first monthly increase after two consecutive declines, according to data by Statistics Canada. A preliminary reading for March indicate a 2.3% increase. In volume terms, …

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• 28 April 2021 5:51 pm

  U.S. Trade Deficit in Goods Rise to New Record High

  

  The United States trade balance of goods registered an increase in its deficit during March, for the third consecutive month, data showed on Wednesday. The goods trade deficit increased by 4% to reach a new record high of $90.6 billion last month, according to the U.S. Census Bureau.

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• 28 April 2021 4:49 pm

  U.S. Wholesale Inventories Rise in March

  

  Wholesale inventories in the United States rose by in March, data showed on Wednesday. Early estimates show that U.S. wholesale inventories increased by 1.4% last month, while retail inventories declined by 1.4%.

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