Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 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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• 27 April 2021 12:35 pm

  US Natural Gas Contracts Rise to Highest Level in 7 Weeks, Supported by Record Exports

  

  US natural gas futures rose more than 2% to their highest level in seven weeks on Monday, as exports continued to hit record highs while production declined slightly. The increase in prices came despite forecasts of milder weather, and demand for heating until mid-May is lower than previously expected. Gas …

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• 27 April 2021 4:11 am

  Important Remarks by ECB Officials

  

  The European Central Bank (ECB) does not to reduce its massive stimulus measures until the Eurozone reaches the price stability target with inflation rate reaching 2%, according to ECB Board Member Fabio Panetta said on Monday. Panetta, former Director General of Bank of Italy and President of the Institute for …

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• 27 April 2021 3:59 am

  Capital Gains Tax Hike to Affect Fraction of American Taxpayers

  

  The highly anticipated increase of the capital gains tax in the United States would only impact 0.3% of American taxpayers, according to Brian Deese, the Director of the National Economic Council, Reuters reported. “We need to do something about equalizing the taxation of work and wealth in this country.” “And …

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• 27 April 2021 3:52 am

  Wall Street Finishes Mixed on Monday

  

  The New York Stock Exchange (NYSE) showed a mixed performance on Monday, as Wall Street anticipates a slew of economic data and events this week, led by the upcoming Federal Reserve meeting. The Dow Jones Industrial Average lost 61.92 points, or 0.2%, to close at 33,981.57 points. Meanwhile, the S&P …

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• 27 April 2021 1:22 am

  Oil Logs Another Loss Ahead of OPEC Summit

  

  Oil prices continued to decline on Monday, extending their losses from last week, due to concerns about the surge in new coronavirus cases in India and other Asian markets. Markets are anticipating the upcoming OPEC+ meeting on Wednesday. Brent crude futures for June delivery dropped by 46 cents, or 0.7%, …

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• 27 April 2021 1:13 am

  Gold Rises Ahead of Fed’s Upcoming Meeting

  

  Gold prices rose on Monday, supported by a fluctuating performance by the U.S. Dollar (USD) ahead of the Federal Reserve meeting. The yellow metal futures for June delivery rose by $2.30, or 0.1%, to close at $1,780.10 per ounce. Meanwhile, silver futures for May delivery gained 13 cents, or 0.5%, …

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• 26 April 2021 11:58 pm

  European Stocks Finish Higher Recovering Some of its Recent Losses

  

  European stocks opened the week with a positive performance and closed higher on Monday. The STOXX Europe 600 index finished up by 0.29% at 440.32 points, with the banking sector leading the gains and rising by 2%. The pan-European index lost about 0.8% last week. The French CAC40 increased by …

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• 26 April 2021 11:33 pm

  USD Fluctuating Across the Board

  

  The U.S. Dollar (USD) showed a fluctuating performance on Monday, opening the week on a mixed note, amid the absence of major indicators and data on today’s economic calendar. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.06% …

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• 26 April 2021 6:00 pm

  Texas Manufacturing Output Maintains Expansion Despite Decline

  

  Texas manufacturing activity maintained a positive trend during April, according to data by the Federal Reserve Bank of Dallas released on Monday. The production index declined to 34 in April, down from its all-time record high of 48 in March, as shown by the Texas Manufacturing Outlook Survey results. The …

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• 26 April 2021 3:57 pm

  German Government to Lift 2021 GDP Growth Forecast

  

  According to Reuters, the German government is expected to revise its GDP forecast to 3.5% from 3% in January. The German government believes that the economy will expand by 3.6% in 2022, and the government reportedly believes that the better-than-expected growth dynamics seen in the fourth quarter of 2020 justify …

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• 26 April 2021 3:16 pm

  Bitcoin Jumps 8% And Heads to End a Series of 5 Sessions of Losses

  

  On Monday, Bitcoin jumped by as much as 8% and is heading to end a five-session losing streak, but the cryptocurrency is about a fifth below the all-time high it reached earlier this month. Bitcoin was in the latest transactions, up 6.7% to 52,452 dollars, after touching its lowest level …

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• 26 April 2021 2:36 pm

  Currencies Overview: Dollar Falling to 8-Week Low

  

  The dollar fell to a nearly eight-week low against other major currencies on Monday, amid speculation that US Federal Reserve Chairman Jerome Powell will avoid talks on easing bond purchases at this week’s meeting. The dollar reached 107.71 yen, close to the lowest level since the fourth of March. The …

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