Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 18 May 2021 3:47 pm

  Dollar Near a Multi-Month Low as Expectations of Interest Rate Stabilization Grow

  

  The dollar fell to its lowest level in six years against the Canadian dollar and near its lowest level in several months against European currencies on Tuesday, as US Treasury yields stabilized amid renewed expectations that the United States will not raise interest rates soon. Robert Kaplan, head of the …

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• 18 May 2021 2:59 pm

  Gold Reaches a 4-Month High Supported by Falling Dollar And Inflation Concerns

  

  Gold prices rose on Tuesday and reached their highest levels in nearly four months during the session, supported by the weakening of the US dollar and investors’ use of the metal, which does not yield a return, to hedge against rising inflation. Spot gold rose 0.2% to $ 1868.30 an …

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• 18 May 2021 2:19 pm

  Eurozone GDP Contracts In Q1

  

  The eurozone economy shrank by 0.6% on a quarterly basis in the three months to March 2021, in line with expectations of -0.6%, a second estimate confirmed on Tuesday. On an annual basis, the bloc’s GDP decreased by 1.8% in Q1 versus -1.8% initiallyy in line with market expectations of …

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• 18 May 2021 1:31 pm

  Japan Shares Jumped as Investors Ignored The GDP Data

  

  Japanese stocks jumped today, as investors ignored data that showed that the economy was back in contraction, and they turned to stocks whose valuations were damaged in recent waves of selling. The Nikkei rose 2.09% to close at 28,406.84 points, recovering from its lowest level in four months, which it …

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• 18 May 2021 1:18 pm

  Brent Crude Oil Above $70 a Barrel For The First Time Since March 5

  

  Brent crude futures rose above the level of $70 a barrel for the first time since last March, as hopes for a strong recovery in fuel demand after the resumption of economic activities in the United States and Europe were offset by concerns about the spread of Covid-19 cases in …

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• 18 May 2021 3:10 am

  How is Elon Musk Impacting the Cryptocurrencies Scene?

  

  Bitcoin rebounded on Monday, recovering from the lowest level for the cryptocurrency in about three months, after recent steep declines. The largest cryptocurrency in the world in terms of market capitalization was hit hard by the decision of Tesla, owned by billionaire and major supporter of digital currencies Elon Musk, …

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• 17 May 2021 11:42 pm

  U.S. Treasury Bond Yields Rise but Little Changed

  

  Treasury bond yields in the United States stabilized on Monday, as expectations of rising interest rates were cooled down by recent remarks by Federal Reserve officials. This comes following a surge in the return on the long-term debt instrument, which was the largest in nearly two months. Markets are anticipating …

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• 17 May 2021 11:39 pm

  Oil Futures Rebound as Recovery Hopes Emerge

  

  Oil prices rose on Monday, opening the week with a strong performance amid expectations for recovery from the coronavirus pandemic. Recent media reports suggested that the Indian Prime Minister, Narendra Modi, is going forward with a new construction project named the Central Vista Redevelopment Project, which includes establishing new buildings …

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• 17 May 2021 11:15 pm

  Gold Settles Near Four-Month Highs

  

  Gold prices rose on Monday to reach a new level that is their highest in about four months, amid a decline in global stock markets and a subsequent increase in the demand for safe haven assets. In addition, a decline in the U.S. Dollar (USD) amid mixed expectations about interest …

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• 17 May 2021 10:10 pm

  European Stocks Close Marginally Lower

  

  European stocks finished lower on Monday, opening the third week of May with a negative performance, as stock markets remain impacted by concerns over the surge in consumer inflation in the United States, which led to expectations of the Federal Reserve raising interest rates. The pan-European STOXX 600 index finished …

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• 17 May 2021 8:16 pm

  Fed’s Clarida Says Economy is Yet to Achieve Substantial Further Progress

  

  The United States Federal Reserve Vice Chair, Richard Clarida, said on Monday that economic growth could exceed 6% and reach 7% in 2021, as he spoke to an event organized by the Federal Reserve Bank of Atlanta. The Fed’s Vice Chair believes the rise in inflation is temporary and that …

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• 17 May 2021 7:26 pm

  Wall Street Opens Lower as Sell-Off Continues

  

  The New York Stock Exchange (NYSE) opened lower on Monday, beginning the week with a relatively negative performance, following last week’s performance that was the worst in Wall Street in about three months. Recent selling pressures due to fears about the rise in inflation rates have negatively impacted stock prices. …

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• 17 May 2021 6:47 pm

  U.S. Home Builders Confidence Maintains High Reading

  

  The confidence of homebuilders in the United States stabilized, supported by the low-interest rates amid increasing construction costs due to the rising inflation rates. The home builders’ confidence index registered a reading of 83 this month, according to data by the National Association of Home Builders (NAHB) released on Monday. …

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