Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 19 May 2021 10:23 pm

  Steep Declines for Cryptocurrencies Signal Correction Wave

  

  Cryptocurrencies are witnessing a correction wave with continuous declines, following recent surges to new record highs. Bitcoin is extending its losses, with the largest digital currency in terms of market capitalization, down by about 11% over the past 24 hours, trading near $38,300, extending its losses over the past seven …

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• 19 May 2021 9:00 pm

  Oil Trading Lower as EIA Report Show Unexpected Rise in U.S. Inventories

  

  Oil prices fell on Wednesday, following the release of the weekly inventories report from the United States Energy Information Administration (EIA). Data by the EIA showed an increase in U.S. crude stockpile, which prompted a decline in oil prices to their lowest level in roughly three weeks, despite the decline …

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• 19 May 2021 8:06 pm

  Gold Near Highest Level in Four Months

  

  Gold prices rose on Wednesday, recovering from earlier losses on the back of a decline in the U.S. Dollar (USD) nearing its fifth consecutive daily rise. The yellow metal futures remain near their highest level in about four months ahead of the release of the U.S. Federal Reserve’s April meeting …

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• 19 May 2021 5:01 pm

  Canada: Annual CPI jumps to 3.4% in April

  

  Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 3.4% in April from 2.2% in March, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.2%. On a monthly basis, the CPI arrived at 0.5% …

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• 19 May 2021 3:42 pm

  Eurozone Inflation Rose 0.6% in April

  

  European Union statistics office Eurostat said inflation in the eurozone accelerated in April due to a sharp increase in energy and service costs. Eurostat said that consumer prices in 19 countries that deal in the euro rose 0.6% on a monthly basis, and recorded an annual increase of 1.6%, up …

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• 19 May 2021 2:39 pm

  US Bond Yields Rise to a New High

  

  The 10-year Treasury yield exceeded 1.66% on Wednesday morning. This took place later that day, prior to the release of minutes from the Federal Reserve Board’s last policy meeting. Benchmark yield 10-year government bond It rose to 1.666% EST at 4 am. Yield 30-year government bond It rose to 2.385%. …

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• 19 May 2021 2:07 pm

  The Lira is Approaching The Bottom of 2021, The Swing Journey is Not Over Yet

  

  The Turkish lira fell on Friday, May 28, to its lowest level ever, influenced by fears of rising inflation worldwide and expectations at the local level that the central bank will cut interest rates soon, along with the emergence of concerns about a possible early elections. The currency, the worst …

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• 19 May 2021 1:11 pm

  European Stocks Decline as Inflation Concerns Mount

  

  European stocks fell on Wednesday, May 19, tracking the fall in Wall Street as investors grew concerned about mounting inflationary pressures, which increases the chances of an early tightening of monetary policy. The European Stoxx600 index fell 1.1%, to trade below its all-time high of less than 2%. Eurozone stocks …

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• 19 May 2021 12:39 pm

  Gold Heading Again to a 4-Month High Ahead of The US Federal Reserve Meeting Minutes

  

  Gold prices rose on Wednesday, May 19, hovering near their highest levels in four months, supported by the dollar’s decline, ahead of the release of the minutes of the latest US Federal Reserve policy meeting, which is expected to shed more light on policymakers ’views on inflation. Spot Prices rose …

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• 19 May 2021 12:37 pm

  Japan Shares Closed Lower as Sentiment Weighed by the Pandemic Restrictions

  

  Japanese stocks closed lower on Wednesday, tracking down on Wall Street last night, while stocks of companies linked to the economic cycle fell, as investor sentiment was affected by fears stemming from the country’s economic downturn as a result of the pandemic. The Nikkei index fell 1.28% to close at …

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• 19 May 2021 11:30 am

  UK annualized CPI Beats Estimates With 1.5% in April,

  

  The UK Consumer Prices Index (CPI) 12-month rate came in at +1.5% in April when compared to +0.7% booked in March while beating expectations of a +1.4% record, the UK Office for National Statistics (ONS) reported on Wednesday.

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• 19 May 2021 11:10 am

  Bitcoin Drops Below $40,000

  

  Bitcoin continued to fall in a continuous wave of volatility for a week, retreating below the $40,000 barrier, as news of further restrictions on cryptocurrency transactions in China exacerbated previous concerns raised by tweets from Tesla President Elon Musk. Bitcoin fell, about 8%, to up to $ 38,700, to be …

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• 19 May 2021 10:37 am

  Oil Prices Falling on High Rate of Covid-19 Cases in Asia And Inflation Concerns

  

  Oil prices fell for the second consecutive session on Wednesday, May 19, due to renewed demand concerns with the rise in cases of Coronavirus in Asia and fears of high inflation, which may push the US Federal Reserve to raise interest rates, which may limit economic growth. Brent crude futures …

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