Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 21 April 2021 10:40 pm

  Dollar Declines Following Canada’s Policy Decision

  

  The U.S. Dollar (USD) switched to losses on Wednesday, after rising earlier in the session against its peers, after the Bank of Canada (BoC) signaled a sooner than previously expected rate hike. Although the BoC held its key rate unchanged at 0.25%, it now expects to raise interest rates by …

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• 21 April 2021 6:10 pm

  BoC Holds Interest Rates Unchanged

  

  The Bank of Canada (BoC) has decided to maintain its key interest rate unchanged at a record low of 0.25%, as the economy remains in need of support, according to the bank’s statement on Wednesday. Now the Canadian central bank expects to keep the current level of interest rates until …

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• 21 April 2021 4:58 pm

  U.S. Treasury Yields Edge Higher Ahead of Auction

  

  Treasury bond yields in the United States rose on Wednesday, ahead of an anticipated auction for long-term debt instruments, namely 20-year government bonds. The benchmark 10-year Treasury bond yield increased by a single basis point to 1.572%. As for the 30-year bond yield, it leveled up by one basis point …

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• 21 April 2021 4:51 pm

  Canada’s Inflation Rises in March to 2.2%

  

  Canada’s Consumer Price Index (CPI) increased to 2.2% on an annual basis in March, data by Bank of Canada (BoC) showed on Wednesday. The acceleration in the inflation rate last month comes following a reading of 1.1% in February. Furthermore, the CPI stabilized at 0.5% on a monthly basis. As …

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• 21 April 2021 4:44 pm

  Canada: Annual CPI Rises to 2.2% in March

  

  Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 2.2% in March from 1.1% in February. This reading came in slightly lower than the market expectation of 2.3%. On a monthly basis, the CPI stayed unchanged at 0.5%. Moreover, the Bank of Canada’s Core CPI, …

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• 21 April 2021 4:02 pm

  The German Constitutional Court’s Decision Supports The European Stimulus Plan

  

  Germany’s Constitutional Court decided on Wednesday to dismiss legal appeals against the European Union’s recovery plan, effectively paving the way for unprecedented stimulus to be rolled out across the region. It is reported that Germany’s highest court raised questions in late March about the European Union’s plan to raise 750 …

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• 21 April 2021 3:03 pm

  Russian Deputy Prime Minister: Russia May Discuss Fuel Exports Curbs

  

  Commenting on the bill passed by the US House Judiciary Committee that would open OPEC to antitrust lawsuits over production cuts, Russian Deputy Prime Minister Alexander Novak said that he sees no threat to OPEC+ for now, per Reuters.

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• 21 April 2021 2:19 pm

  Currencies Overview: Dollar Struggling to Recover From Lowest Level in 7 Weeks on US yields

  

  The dollar weakened on Wednesday April 21, hovering just above the lowest level in seven weeks in light of the decline in US bond yields, which reduced the demand for currency returns. The US currency, which is considered a safe haven, has received some support from the decline in global …

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• 21 April 2021 1:43 pm

  Oil Prices Decline, The Increase in Covid-19 Cases in India Weakens Demand Forecast

  

  Oil prices fell for a second day Wednesday, April 21, under pressure from fears that the rise in Covid-19 injuries in India will push demand for crude to fall in the third largest oil importer in the world. The price of Brent crude futures for June delivery fell 29 cents, …

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• 21 April 2021 1:00 pm

  Gold Gaining With Improved Appetite on Dollar and US Bond Yields

  

  Gold prices rose on Wednesday, April 21, hovering near their seven-week highs reached earlier this week, as demand for the safe-haven metal increased due to declining US Treasury revenues. Spot gold rose 0.5% to $1786.80 an ounce, after reaching $1789.77 on Monday, its highest level since February 25. US gold …

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• 21 April 2021 12:58 pm

  European Stocks Recovering On Technology

  

  European stocks recovered Wednesday, April 21 from the worst downturn this year as fears of a rapid increase in Covid-19 cases in some countries were met with optimism about a strong results season. Technology stocks recorded the biggest gains, rising about 2%, and semiconductor equipment company ASML jumped 5.4% after …

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• 21 April 2021 12:18 pm

  UK Inflation Rose to 0.7% in March From 0.4% in February

  

  Official figures showed that British consumer price inflation increased to 0.7% in March from 0.4% in February, due to the rise in fuel and clothing prices, slightly below the average forecast of 0.8% in a Reuters poll of economists. Food prices are down from a year ago. British inflation is …

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• 21 April 2021 3:14 am

  Powell: Fed Will Intervene if Inflation Overshoots

  

  The Chairman of the United States Federal Reserve, Jerome Powell, recently told a Senator that inflation would be a little higher in 2021, due to the economic recovery from the coronavirus pandemic. However, Powell has vowed in his letter to Rick Scott on April 8 to limit consumer prices overshooting, …

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