Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 13 April 2021 5:29 am

  What Did Jerome Powell Say in his 60 Minutes Interview?

  

  The Chairman of the United States Federal Reserve, Jerome Powell, said that the U.S. economy is in a stage that he described as an inflection point, promising improved economic growth and job creation. “What we’re seeing now is really an economy that seems to be much at an inflection point. …

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• 13 April 2021 3:00 am

  Wall Street Closes in Decline

  

  The main indices of the New York Stock Exchange (NYSE) finished lower on Monday, starting the week with a negative performance as Wall Street investors turn to their focus to the upcoming earnings reports from listed companies. The Dow Jones Industrial Average closed lower by 55.20 points, or 0.16%, at …

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• 13 April 2021 1:00 am

  Oil Closes Higher On Recovery Hopes

  

  Oil prices rose on Monday, amid optimism about the prospects of the recovery of economic growth and the global demand for energy. Brent crude futures for June delivery increased by 33 cents, or 0.52%, to finish at $63.28 per barrel. Meanwhile, the U.S. West Texas Intermediate (WTI) crude futures gained …

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• 13 April 2021 12:00 am

  Gold Settles at Lowest Level in Week

  

  Gold prices declined on Monday, opening the week with a negative performance amid a rise by the U.S. Dollar (USD) and Treasury bond yields. Gold futures for June dropped by $12.10, or 0.7%, to finish at $1,732.70 per ounce. This is the lowest closing level for the yellow metal most …

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• 12 April 2021 11:03 pm

  U.S. Budget Deficit Hits New Record High

  

  The United States registered a record public deficit at $660 billion last month, data by the U.S. Department of the Treasury showed on Monday. In March, the deficit recorded a new record high on the monthly level after revenues reaching $268 billion and expenditure at $927 billion and both reaching …

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• 12 April 2021 10:56 pm

  Fed’s Rosengren Sees Way for Strong Recovery in 2021

  

  President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Monday that the United States economy could recover strongly this year due to the Fed’s policies and the increased government stimulus. “With labor-market slack still significant, and inflation still below the Federal Reserve’s 2% target, my perspective is …

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• 12 April 2021 9:13 pm

  European Stocks Close Lower for Profit Making

  

  European stocks declined on Monday, after a recent rally brought it to its all-time highs, amid profit making and losses by the technology sectors and major indices. The STOXX Europe 600 index fell by 0.4%, as the technology sector lost 1.3% to lead the market losses. The French CAC40 index …

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• 12 April 2021 7:50 pm

  U.S. Consumers Expect Rise in Inflation

  

  Inflation expectations by consumers in the United States rose last month, with more optimism about the labor market, as shown by a recent survey by the Federal Reserve Bank of New York. The New York Fed’s report showed on Monday that consumers’ short and medium-term inflation expectations reached their highest …

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• 12 April 2021 7:00 pm

  Bank of Canada’s Business Outlook Survey Show Recovery Signs

  

  A recent survey by the Bank of Canada (BoC) showed on Monday that business sentiment in Canada improved with the economy showing signs of recovery from the negative impacts caused by the Coronavirus pandemic. Roughly two thirds of Canadian businesses reported their sales returning to their levels prior to the …

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• 12 April 2021 6:14 pm

  Wall Street Opens Lower, Focus on Earnings And Data

  

  Wall Street’s main indexes fell on Monday, while the S&P 500 retreated from record highs, as investors brace themselves to start the earnings season and the release of a major inflation report this week. The Dow Jones Industrial Average fell 25.54 points, or 0.08%, to 33,775.06 points. The Standard & …

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• 12 April 2021 5:43 pm

  Iraq Raises Selling Prices of Basrah Light And Medium Crude Oil to Asia in May

  

  On Monday, a pricing document showed that Iraq raised the official selling price of Basra Light crude in May shipments to Asia to a premium of $1.40 per barrel to DME Oman futures, an increase of $0.10 over the previous month. According to Reuters. The official selling price of Basra …

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• 12 April 2021 4:50 pm

  Bitcoin Hits Record Highs

  

  Bitcoin rose to 61,234 on Monday to reach a record high at 61,781 USD on March 13th as the largest American cryptocurrency exchange Coinbase Global Inc will begin trading on the Nasdaq Stock Exchange on April 14th. The digital currency rose nearly nine-fold in the past year, driven by institutional …

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• 12 April 2021 4:46 pm

  Germany’s Merkel: Current COVID-19 Infection Rate is Much Too High

  

  German Chancellor Angela Merkel said on Monday that the current coronavirus infection rate is “much too high” and added that the third wave may be the toughest yet.  “Vaccine production capacity must be increased significantly, both in Europe and in Germany,” Merkel noted.

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