Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 7 April 2021 4:38 pm

  IMF: Global Economy to Grow by 6% in 2021

  

  After the major economic challenges the world faced last year due to the Covid-19 pandemic, the International Monetary Fund (IMF) announced that the global economy recovery will be greater than expected in the years 2021 and 2022, driven by strong growth in the United States. The IMF is currently taking …

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• 7 April 2021 4:01 pm

  Erdogan Pledges to Reduce The Interest Rate to Less Than 10%, Turkish Lira Declining

  

  The Turkish lira lost about 13% of its value within two weeks due to the dismissal of the Turkish President, Recep Tayyip Erdogan, to the former central bank governor, Naji Iqbal, after the latter raised the interest to 19%, with the aim of tightening monetary policy, controlling inflation rates, and …

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• 7 April 2021 3:12 pm

  Eurozone: Business Activity Returns to Growth in March

  

  A survey published today, Wednesday, April 7 showed that business activities in the Eurozone returned to growth last month, supported by a record expansion in the manufacturing sector, and that the services sector is facing new lockdown measures better than expected. Europe is fighting a third wave of the spread …

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• 7 April 2021 2:37 pm

  Currencies Overview: The US Dollar Near Its Lowest Level in Two Weeks

  

  The dollar hovered near its lowest level in two weeks after the US Treasury bond yields retreated from their recent high levels, while market participants await the US Federal Reserve meeting minutes, which will be released later during the session, to determine the future course of the US currency. The …

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• 7 April 2021 1:44 pm

  UAE Appoints a New Governor For The Central Bank

  

  The official Emirates News Agency (WAM), citing a decree, stated that the President of the United Arab Emirates, Sheikh Khalifa bin Zayed, appointed Khaled Al Tamimi as Governor of the Emirates Central Bank. Al-Tamimi, who previously served as deputy governor of the Central Bank, will replace Abdul Hamid Saeed Al-Ahmadi. …

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• 7 April 2021 1:36 pm

  European Shares Hovering Near a Record High

  

  European stocks hovered near record highs on Wednesday, April 7, as investors awaited data on service sector activity in the region, while British stocks outperformed the rest of the market, supported by optimism about rapid vaccination campaigns and a weak sterling pound. The pan-European STOXX 600 index fell 0.2% after …

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• 7 April 2021 12:58 pm

  Oil Prices Rising on Stronger Economic Outlook and Declining US Inventories

  

  Oil prices rose Wednesday, April 7, thanks to the possibility of stronger global economic growth in light of an increase in vaccinations and a report stating that crude stocks in the United States, the largest consumer of fuel in the world, fell. But optimism about talks between the United States …

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• 7 April 2021 12:40 pm

  The Pandemic Pushes Germany’s Deficit to Its Highest Level in 30 Years

  

  The German Statistics Office said that the country’s public sector deficit amounted to 189.2 billion euros in 2020 due to the Coronavirus pandemic, the first deficit since 2013 and the highest in the budget since the reunification of Germany thirty years ago. The pandemic, which killed more than 77,000 in …

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• 7 April 2021 12:22 pm

  Gold Rises 1% With the Decline of US Dollar And US Treasury Yields

  

  Gold prices jumped about 1% to the highest level in more than a week today, Tuesday, supported by the decline in the dollar and US Treasury yields. Gold recorded in immediate transactions 1743.20 dollars per ounce at the end of the trading session, up 0.86%, after it earlier jumped to …

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• 7 April 2021 12:06 pm

  API: US Oil Inventories Fell Last Week But Fuel Increased

  

  The American Petroleum Institute data showed that crude oil inventories in the United States fell last week, while fuel inventories rose. The data revealed that crude inventories fell 2.6 million barrels in the week ending April 2, while gasoline inventories increased 4.6 million barrels. Distillate stocks, which include diesel and …

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• 7 April 2021 7:40 am

  Fed’s Kaplan Supports Policies Changes after Pandemic

  

  President of the Federal Reserve of Dallas said on Wednesday that the Fed should start pulling back from its monetary easing policies shortly after the end of the Coronavirus pandemic, which could spur strong growth, Reuters reported. The U.S. Federal Reserve should then start by tapering the pace of its …

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• 7 April 2021 5:44 am

  Cryptocurrencies Achieve Record Investment Inflows and Market Cap

  

  Cryptocurrencies continue to see growing interest and demand from both retail and institutional investors. Recent data by Coinshares indicated that investment inflows into cryptocurrency funds hit a new record high of $4.5 billion during the first quarter (Q1) of 2021, Reuters reported. Q1 inflows registered an 11% quarterly increase compared …

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• 7 April 2021 2:00 am

  U.S. Oil Inventories Down 2.6 M Barrels in Week: API

  

  Crude oil inventories in the United States declined last week by 2.6 million barrels, according to estimated by the American Petroleum Institute (API). Meanwhile, gasoline stockpiles rose by about 4.5 million in the week ended April 1, while distillate inventories grew by roughly 2.8 million barrels.

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