Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 26 May 2021 2:35 pm

  Oil Stabilizes as Optimism About Demand Prevails Over Iran’s Supply Concerns

  

  Oil stabilized today and traded within a narrow range amid optimism about an improvement in fuel demand in the United States, but the possibility of Iranian oil returning to the markets pressures prices. Brent crude rose 14 cents, equivalent to 0.2%, to $ 68.79 a barrel, and US West Texas …

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• 26 May 2021 1:50 pm

  The US Dollar Settled And The New Zealand Dollar Maintains Its Gains After Surprising Expectations of a Rate Hike

  

  The US dollar stabilized near its lowest level in five months in early trade in London on Wednesday, while the New Zealand dollar rose by more than 1% in light of the country’s central bank hinting at the possibility of a rate hike in September 2022. The dollar index recorded …

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• 26 May 2021 1:21 pm

  European Stocks Rise as Central Banks Pledge Easy Monetary Policies

  

  European stocks rose near their highest levels ever today, Wednesday, amid pledges by a number of policymakers in central banks to maintain a soft monetary policy despite recent indications of rising inflation. The European Stoxx 600 index rose 0.3%, the German DAX index rose 0.4%, the French CAC 40 index …

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• 26 May 2021 12:42 pm

  Gold Breaks Through The $ 1900 Barrier

  

  Today, gold prices surpassed the psychologically important level of $ 1900 an ounce, supported by the dollar’s decline and growing concerns about inflation after US Federal Reserve officials maintained a more accommodative stance on interest rates. In Asian trading, gold in spot transactions increased 0.3% to 1,905.36 dollars an ounce, …

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• 26 May 2021 12:20 pm

  Japan Shares Snapped Slight Gains By The End of Asian Session

  

  Japanese stocks made slight gains today, Wednesday, to record up for the fifth consecutive day, but lacked momentum in light of the uncertainty surrounding the global inflation situation and the local cases of coronavirus, which discourages investors from testing major resistance levels on the upside. The Nikkei index rose 0.31% …

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• 26 May 2021 6:06 am

  Why is the Digital Dollar Gaining Momentum?

  

  The United States Federal Reserve Governor, Lael Brainard, recently voiced her support for a digital dollar. Brainard believes that a central bank-backed cryptocurrency will provide the market with many benefits, especially in terms of providing the under banked with access to financial services, an issue to rising importance following the …

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• 26 May 2021 2:26 am

  Wall Street Closes Lower on Negative Data

  

  The New York Stock Exchange (NYSE) finished lower on Tuesday, as negative economic data reflected negatively on the risk sentiment among Wall Street investors. In addition, reflation fears and expectations about possible monetary policy changes by the United States Federal Reserve also affected the market. The Dow Jones Industrial Average …

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• 26 May 2021 12:11 am

  Oil Maintains Gains on Recovery Hopes

  

  Oil prices continued to rise on Tuesday, but gains were limited due to concerns about a possible rise in global output as media reports point to developments in restoring the Iran nuclear deal. However, markets continue to show optimism about demand recovery during the second half of the year, amid …

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• 25 May 2021 11:30 pm

  Gold Rises as Dollar Falls on Deteriorating Consumer Confidence

  

  Gold prices rose on Tuesday, supported by the decline of the U.S. Dollar (USD) against major currencies, and with stock markets showing a mixed performance. In addition, a slight decline in U.S. consumer confidence provides support for safe haven assets, including the yellow metal. Gold futures for June delivery increased …

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• 25 May 2021 11:00 pm

  U.S. House Prices Rise in Q1 – FHFA

  

  House prices in the United States rose by 12.6% in the first quarter (Q1) of 2021, compared with the Q1 of 2020, data showed on Tuesday. The Federal Housing Finance Agency (FHFA) House Price Index (HPI) rose by 3.5% compared to Q4 of 2020. Meanwhile, FHFA’s seasonally adjusted monthly index …

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• 25 May 2021 10:34 pm

  U.S. Consumer Confidence Declines Marginally in May

  

  The U.S. consumer confidence held steady in May, after rising in April, data by the Conference Board showed on Tuesday. The Consumer Confidence Index reached 117.2, compared with 117.5 in April. Meanwhile, the Present Situation Index rose from 131.9 to 144.3. As for the Expectations Index, it registered a decline …

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• 25 May 2021 10:34 pm

  European Stocks Settle with Marginal Gains

  

  European stocks showed a mixed performance on Tuesday, with markets yet to fully recover from reflation fears. The STOXX Europe 600 index closed marginally higher by about 0.03%, near its record high, as the technology sector surged by 1.3%, while the mining sector plunged by about 1.8%. The French CAC40 …

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• 25 May 2021 9:16 pm

  Richmond Fed’s Fifth District Manufacturing Index Rises

  

  The Federal Reserve Bank of Richmond’s manufacturing index rose in May, according to the most recent survey results released on Tuesday. The fifth district manufacturing activity composite index rose to 18 from 17 in April. The component indexes, namely: shipments, new orders, and employment, reflected growth. “A majority of firms …

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