Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 21 April 2021 3:03 pm

  Russian Deputy Prime Minister: Russia May Discuss Fuel Exports Curbs

  

  Commenting on the bill passed by the US House Judiciary Committee that would open OPEC to antitrust lawsuits over production cuts, Russian Deputy Prime Minister Alexander Novak said that he sees no threat to OPEC+ for now, per Reuters.

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• 21 April 2021 2:19 pm

  Currencies Overview: Dollar Struggling to Recover From Lowest Level in 7 Weeks on US yields

  

  The dollar weakened on Wednesday April 21, hovering just above the lowest level in seven weeks in light of the decline in US bond yields, which reduced the demand for currency returns. The US currency, which is considered a safe haven, has received some support from the decline in global …

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• 21 April 2021 1:43 pm

  Oil Prices Decline, The Increase in Covid-19 Cases in India Weakens Demand Forecast

  

  Oil prices fell for a second day Wednesday, April 21, under pressure from fears that the rise in Covid-19 injuries in India will push demand for crude to fall in the third largest oil importer in the world. The price of Brent crude futures for June delivery fell 29 cents, …

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• 21 April 2021 1:00 pm

  Gold Gaining With Improved Appetite on Dollar and US Bond Yields

  

  Gold prices rose on Wednesday, April 21, hovering near their seven-week highs reached earlier this week, as demand for the safe-haven metal increased due to declining US Treasury revenues. Spot gold rose 0.5% to $1786.80 an ounce, after reaching $1789.77 on Monday, its highest level since February 25. US gold …

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• 21 April 2021 12:58 pm

  European Stocks Recovering On Technology

  

  European stocks recovered Wednesday, April 21 from the worst downturn this year as fears of a rapid increase in Covid-19 cases in some countries were met with optimism about a strong results season. Technology stocks recorded the biggest gains, rising about 2%, and semiconductor equipment company ASML jumped 5.4% after …

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• 21 April 2021 12:18 pm

  UK Inflation Rose to 0.7% in March From 0.4% in February

  

  Official figures showed that British consumer price inflation increased to 0.7% in March from 0.4% in February, due to the rise in fuel and clothing prices, slightly below the average forecast of 0.8% in a Reuters poll of economists. Food prices are down from a year ago. British inflation is …

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• 21 April 2021 3:14 am

  Powell: Fed Will Intervene if Inflation Overshoots

  

  The Chairman of the United States Federal Reserve, Jerome Powell, recently told a Senator that inflation would be a little higher in 2021, due to the economic recovery from the coronavirus pandemic. However, Powell has vowed in his letter to Rick Scott on April 8 to limit consumer prices overshooting, …

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• 21 April 2021 3:07 am

  Dogecoin Plummets from Record Highs

  

  Dogecoin fell on Tuesday after reaching new all-time record highs earlier in the day, which was prompted by many social media users posting on hashtags supporting the meme-based cryptocurrency. The digital currency is now down by roughly 16% for the day at $0.337. However, the price of the cryptocurrency remains …

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• 21 April 2021 2:26 am

  Wall Street Logs Losses for Second Day

  

  The New York Stock Exchange (NYSE) declined on Tuesday for the second consecutive session, due to concerns about the rising number of new coronavirus cases. Despite positive earnings reports by some of the Wall Street-listed companies. The Dow Jones Industrial Average lost 256.33 points, or 0.75%, to finish at 33,821.30 …

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• 21 April 2021 2:09 am

  U.S. Oil Stockpiles Rise 436,000 B in Week

  

  Crude oil inventories in the United States are estimated to have increased by 436,000 barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday. Gasoline stockpiles declined by 1.6 million barrels, while distillate inventories increased by 655,000 barrels, for the week ended April 16. Official …

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• 21 April 2021 2:06 am

  Oil Declines on Fears about COVID-19 and U.S. Antitrust Regulations

  

  Oil prices declined on Tuesday, as concerns about a new wave of the coronavirus pandemic resurfaced, following a large increase in new cases. Furthermore, the United States Congress is discussing a law that could allow suing the Organization of the Petroleum Exporting Countries (OPEC) on antitrust grounds due to their …

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• 21 April 2021 1:55 am

  Gold Finishes Higher as Stocks and Bond Yields Decline

  

  Gold prices rose on Tuesday, as demand for safe havens increased due to sharp declines in the stock market. However, the yellow metal could not recoup all of yesterday’s losses. Despite the rise by the U.S. Dollar (USD), the greenback remains down on a weekly and monthly basis, which provided …

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• 20 April 2021 10:00 pm

  European Stocks Drop on Pandemic’s Third Wave Concerns

  

  European stocks recorded its biggest losses year to data on Tuesday, falling from new record highs recorded earlier in the session, amid concerns about the rising number of Coronavirus cases. STOXX Europe 600 plunged by 1.9% in the pan-European index’s biggest daily decline since the beginning of the year. The …

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