Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 6 April 2021 2:10 pm

  RBA Keeps OCR Steady at a Record Low of 0.10% in April

  

  Following the conclusion of its April monetary policy meeting, the Reserve Bank of Australia board members decided to keep the official cash rate (OCR) unadjusted at a record low of 0.10%. The RBA maintained its target of 10 basis points for yield on a 3-year Australian government bond. The central …

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• 6 April 2021 1:26 pm

  Currencies Overview: The Dollar Falling With The Decline in US Bond Yields

  

  The dollar settled near its lowest level in nearly two weeks against a basket of counterpart currencies, tracking the decline in US Treasury bond yields from their recent peak, despite signs of a strong economic recovery in the United States. The dollar index fell to 92.527 in the Asian session, …

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• 6 April 2021 12:53 pm

  European Stoxx600 Index Reaches a Record High on Optimism For Global Recovery

  

  The European index reached a record high on Tuesday, April 6, to compensate for all the losses incurred by the pandemic as investors bet on a rapid global economic recovery, stimulated by massive stimulus spending and immunization campaigns against Covid-19. European dealers returned to the market after a long holiday …

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• 6 April 2021 12:32 pm

  The World Bank President Expects G20 to Extend Its Initiative to Freeze Debt Payments Until End of 2021

  

  World Bank President David Malpass said Monday that he expects China, the United States, and other major economies in the Group of Twenty to extend the freeze on bilateral debt service payments until the end of 2021 when it meets next week. Malpass told reporters that the G20 initiative to …

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• 6 April 2021 12:16 pm

  Oil Recovering Thanks to Strong Economic Data and Bargain Hunting

  

  Oil prices rose on Tuesday, April 6 as investors looked to chase bargains following a drop the previous day due to higher OPEC+ production, while prospects for recovery improved thanks to strong economic data from the United States and China. By 06:46 GMT, Brent crude futures rose 78 cents, or …

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• 6 April 2021 2:35 am

  Wall Street Closes at New Record Highs on Economic Data

  

  The New York Stock Exchange (NYSE) closed higher on Monday, with main indices reaching all-time record highs, supported by positive economic data. In the first session of the week, the Dow Jones Industrial Average and the S&P 500 indices closed at new record levels, due to the improved investors’ sentiment …

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• 6 April 2021 2:11 am

  Fed’s Mester Expects Strong Recovery in H2

  

  President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the outlook for the U.S. is improving, expecting the Fed to keep its current policies to support economic growth. “I’m thinking that we’ll see a very strong second half of the year, but we are still …

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• 6 April 2021 1:35 am

  Oil Closes Sharply Lower amid Expected Rise in Market Supplies

  

  Oil prices declined on Monday, amid expectations for an increase in market supplies, following the decision by the OPEC+ alliance to gradually ease output curbs starting next month. In addition, despite positive signs for a strong economic recovery as recent data suggests, investors are showing concerns regarding the third wave …

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• 6 April 2021 1:28 am

  Gold Finishes with Marginal Gains

  

  Gold prices showed a mixed performance on Monday, finishing the first session of the week on the positive side with marginal gains, recovering from earlier daily losses. Despite a decline in the demand for safe havens, amid an improved risk appetite among investors, supported by the recent economic data that …

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• 6 April 2021 1:19 am

  USD Declines as Risk Appetite Improves

  

  The U.S. Dollar (USD) declined on Monday against its major rivals, as positive economic data encouraged risk appetite and reduced demand for safe havens. Accordingly, the greenback turned to the negative side in favor of riskier assets. The Dollar Index (DXY), which measures the USD’s performance against a basket of …

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• 5 April 2021 9:56 pm

  Yellen Calls for Global Minimum Corporate Tax Rate

  

  The United States Treasury Secretary Janet Yellen has called upon G20 countries to coordinate tax policies. Yellen said on Monday that she is collaborating with G20 countries to reach an agreement on the minimum rate of corporate taxes globally, after a three-decade race to the bottom on corporate tax rates …

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• 5 April 2021 8:16 pm

  Wall Street’s Dow Jones and S&P 500 Surge to New Record Highs

  

  Major indices of the New York Stock Exchange (NYSE) surged in early Monday trade to new record highs, supported by the recent strong employment data and positive sentiment in Wall Street towards signs for recovery from the Coronavirus pandemic. The Dow Jones Industrial Average is up by about 402 points, …

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• 5 April 2021 8:04 pm

  U.S. Factory Orders Drop in February

  

  New orders for goods manufactured in the United States decline during February, data showed on Monday. Factory orders fell by 0.8% in February, following a 2.7% rise in January, according to the U.S. Department of Commerce. The cold weather, resulting from a recent winter storm that hit southern parts of …

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