Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 27 April 2021 11:40 pm

  Oil Finishes at Week-High Following Surprise OPEC+ Meeting

  

  Oil prices rose on Tuesday to close at their highest level in about a week, following a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to extend its production policy. In an early meeting, held ahead of schedule, which surprised the market, the OPEC+ alliance …

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• 27 April 2021 11:09 pm

  Gold Finishes on Modest Losses

  

  Gold prices finished lower on Tuesday, amid anticipation for the outcomes of the Federal Reserve policy meeting. Positive performance by the U.S. Dollar (USD), supported by a surge in consumer confidence to a 14-month high, led to lower demand for safe-havens. Gold futures for June delivery closed lower by $1.30, …

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• 27 April 2021 10:28 pm

  Ethereum Hits New Record High

  

  Ethereum surged on Tuesday to a new record high near $2,684. The second-biggest cryptocurrency in the world, after Bitcoin, is now up by around 7.3% on a daily basis at 2,645, extending its gains over the past seven days to about 14.10%. Recent news suggested that JPMorgan Chase plans to launch …

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• 27 April 2021 10:06 pm

  European Stocks Close Marginally Lower

  

  European stocks finished lower on Tuesday, as markets remain affected by the Archegos Capital Management losses that exceeded $10 billion, according to media reports. Meanwhile, travel and leisure stocks surged by about 3% on optimism about recovery from the pandemic, while basic resources declined by 1.2%. The STOXX Europe 600 …

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• 27 April 2021 8:16 pm

  Richmond Fed Manufacturing Index Steady in April

  

  The Fifth District Survey of Manufacturing Activity’s Composite Index remained unchanged at 17 this month, maintaining its reading from March, according to data by the Federal Reserve Bank of Richmond. The index continued to indicate growth, as all its main components, namely shipments, new orders, and employment, remained positive, signaling …

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• 27 April 2021 6:28 pm

  U.S. Consumer Confidence Improves in April

  

  The United States Consumer Confidence Index surged in April, maintaining a positive trend after a strong rise last month, data by the Conference Board indicated on Tuesday. The Conference Board Consumer Confidence Index rose to 121.7 this month, compared with 109.0 in March. The Present Situation Index increased from 110.1 …

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• 27 April 2021 5:30 pm

  U.S. Housing Price Index Surges 12% in February

  

  The United States index of home prices in 20 major cities rose by 11.9% in February on an annual basis, data by S&P Dow Jones Indices showed on Tuesday. On a monthly basis, the index leveled up by 1.2%, according to the S&P CoreLogic Case-Shiller Index. This marked the largest …

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• 27 April 2021 3:38 pm

  Oil Production in Brazil fell 6% Year-on-Year in The First Quarter

  

  Figures from Brazil’s National Petroleum Agency showed that oil production in the South American country fell by 6% in Q1 of this year Compared to the same period last year, in large part due to a decline in production from the state-owned oil giant Petrobras. According to agency data, seen …

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• 27 April 2021 2:51 pm

  Currencies Overview: Dollar Hovering Above Its Lowest Level in Weeks Before Fed Meeting

  

  The dollar hovered above its lowest level in weeks against other major currencies today, Tuesday, under pressure from weak US Treasury yields ahead of the Federal Reserve’s policy decision this week, while the yen was little changed after the Bank of Japan kept interest rates unchanged. The dollar, which is …

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• 27 April 2021 1:58 pm

  Gold Settled as Market Awaits Fed Policy Meeting

  

  Gold prices stabilized today, Tuesday, as dealers in the market looked to the US Federal Reserve meeting to obtain indications about the prospects for monetary policy, while the rise of the dollar pressured the attractiveness of the metal. Gold settled in the spot market at $1780.61 an ounce. There was …

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• 27 April 2021 1:34 pm

  Japanese Stocks Closed Lower Due to Business Results

  

  Japanese stocks fell on Tuesday, as a batch of corporate business results fell short of ambitious investor expectations for a solid earnings recovery, as Japan struggled to contain the Covid-19 pandemic. The Nikkei index fell 0.46% to 28,991.89 points, while the broader Topix index fell 0.76% to 1,903.55 points. The …

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• 27 April 2021 1:16 pm

  European Stocks Stable After Announcing Results of The Business of Leading Companies

  

  European stocks were largely unchanged on Tuesday after the results of blue-chip companies such as HSBC and BP were announced, while UBS became the latest bank to disclose its damage from dealing with US investment firm Archigus. The pan-European STOXX 600 index fell 0.01%, as gains in oil and gas …

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• 27 April 2021 12:50 pm

  Bitcoin Losing Record Weekly Flows as Its Rally Recedes

  

  Data from the Cryptocurrency Management Quinchers Monday (April 26th) showed that the cryptocurrency Bitco8b lost record weekly flows as sentiment in general towards cryptocurrencies turned to caution after a rally stalled. BTC lost $21 million in inflows in the week ending April 23, the largest weekly inflows on record. The …

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