Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 25 May 2021 12:35 pm

  The German Economy Contracted More Than Expected in Q1

  

  Data on Tuesday showed that the German economy contracted by more than expected 1.8% on a quarterly basis in the first three months of the year, as restrictions linked to the Coronavirus squandered private consumption in Europe’s largest economy. The Federal Statistics Office said gross domestic product shrank 3.1% year-on-year. …

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• 25 May 2021 12:20 pm

  Japanese Stocks Closed Higher on Wall Street’s Gains

  

  Japanese stocks closed higher on Tuesday as heavy domestic tech stocks were supported by a strong Nasdaq close overnight, but fears of a slow economic recovery due to a weak start to the vaccination campaign dampened gains. The Nikkei rose 0.67% to close at 28,553.98, while the Topix index rose …

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• 25 May 2021 4:04 am

  Tech Companies Take Center Stage in Today’s News

  

  A number of news reports and stories by major international media outlets on Monday shined a light on the rising importance of technology companies in the world economy, as well as their intersection with the issues of privacy and political conflicts. In India, the police announced that they visited a …

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• 25 May 2021 3:00 am

  Cryptocurrencies Rebound Following Recent Declines

  

  Cryptocurrencies managed to rise on Monday, against a number of factors that led to a series of the recent decline, amid a crackdown by the Chinese government and increased selling pressures. Over the past 24 hours, Bitcoin rose by about 10.4%, trading at $38,444.72, reducing its losses over the past …

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• 25 May 2021 1:47 am

  Wall Street Close Higher with Solid Gains

  

  The New York Stock Exchange (NYSE) finished higher on Monday, opening the week with solid gains on the back of a strong rebound by technology stocks, amid hopes in Wall Street for the economic recovery and a decline in Treasury bond yields. The Dow Jones Industrial Average rose by about …

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• 25 May 2021 12:19 am

  Oil Recovers Most of Last Week’s Losses

  

  Oil prices rose on Monday, as recent fears of a sudden rise in the global output eased, with the U.S. benchmark futures finished at their highest level in a week. Recent remarks by the United States government suggested that there are concerns about Iran’s commitment to renewing the nuclear deal. …

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• 24 May 2021 11:39 pm

  Gold Resumes Gains to Finish at Highest Level Since January

  

  Gold prices rose on Monday, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields. An improved risk sentiment might have limited the yellow metal’s gains, as it failed to reach the $1,900 an ounce level. However, gold futures still managed to close at their highest level …

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• 24 May 2021 11:00 pm

  USD Declines and Nears Lowest Level in Four Months

  

  The U.S. Dollar (USD) declined on Monday, beginning the week with a relatively weak performance, following a rebound by the end of the previous week. An improved investors’ sentiment across global markets on expectations for economic recovery helped riskier assets and currencies rise, which weighed down on the greenback. The …

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• 24 May 2021 10:00 pm

  European Stocks Close Higher Near All-Time High

  

  European stocks finished higher on Monday, starting the last week of May with a positive performance, amid an improved risk sentiment on the back of positive earnings reports by major listed companies. The STOXX Europe 600 index finished higher by about 0.72% at 445.07 points, very close to its record …

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• 24 May 2021 9:02 pm

  BoE’s Bailey Warns Against Cryptocurrencies

  

  The Bank of England (BoE) Governor Andrew Bailey has expressed concerns about getting carried away in financial technology and innovation. His remarks came in a speech to the British Parliament’s Treasury Committee on Monday. “I do not want to be seen as a Luddite. I’m skeptical about crypto assets frankly …

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• 24 May 2021 7:28 pm

  BoE’s Bailey Expects Limited Impact from Rising Inflation

  

  The Bank of England (BoE) Governor Andrew Bailey is not expecting long-term impacts from thw recent surge in consumer prices. The inflation rate in the United Kingdom (UK) rose last month to 1.5%, compared with 0.7% in March, as the economy recovers from the coronavirus pandemic, and amid rising energy …

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• 24 May 2021 6:45 pm

  U.S. Business Borrowing Rises 19% in April

  

  Borrowing for capital investments by companies in the United States amounted to $9.8 billion in April, increasing by 19% on an annual basis, according to data by the Equipment Leasing and Finance Association (ELFA) released on Tuesday. The surge in borrowing by U.S. companies came amid the recovery from the …

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• 24 May 2021 5:38 pm

  Dollar Stuck Near 3-Month Low, And Bitcoin Facing Difficulties

  

  The dollar settled near its lowest level in three months against a basket of major currencies on Monday, with riskier currencies continuing to benefit from bets on a strong recovery in the global economy. The dollar index hovered around the 90 level, down 0.2% and close to its three-month low …

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