Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 19 April 2021 10:59 pm

  GBP/USD Surges to Highest Level in a Month

  

  The British Pound (GBP) is rising on Monday against the declining U.S. Dollar (USD), supported by improved expectations in the UK and the anticipation for upcoming economic data. The GBP/USD pair is trading higher for the day by 1.13% at 1.3988. The pair has exceeded its best level in over …

  Read More »
• 19 April 2021 10:39 pm

  Gold Closes Lower Following Large Weekly Gains

  

  Gold prices closed lower on Monday, after recording its best weekly performance since December 18 last week. The yellow metal’s decline comes despite the decline of the U.S. Dollar (USD) near its lowest level in about six weeks. Gold futures for June delivery decreased by $9.60, or 0.5%, to finish …

  Read More »
• 19 April 2021 10:00 pm

  European Stocks Finish Marginally Lower

  

  European stocks closed slightly lower on Monday, following surges to new record highs by the end of last week. Mixed signals and a decline in Wall Street seemingly left their toll on the European stock exchanges. The pan-European STOXX 600 index closed marginally lower by 0.15 points to finish nearly …

  Read More »
• 19 April 2021 7:11 pm

  USD Maintains Downward Trend

  

  The U.S. Dollar (USD) continued to decline on Monday, starting the week in a downward trend as the risk appetite among investors continue to improve. The Dollar Index (DXY) that measures the greenback against six currencies is down by 0.43% at 91.16. Earlier today, the index fell as low as …

  Read More »
• 19 April 2021 5:18 pm

  Canada’s Housing Starts Increase in March

  

  Housing starts in Canada increased to 273,664 units last month up from 252,636 units in February, data by Canada Mortgage and Housing Corporation (CMHC) showed on Monday. The standalone monthly seasonally adjusted annual rates (SAAR) of housing starts for all areas in Canada stood at 335,200 units in March, rising …

  Read More »
• 19 April 2021 4:04 pm

  Spain’s Health Ministry: Considering Delaying Second Dose of Moderna, Pfizer Shots

  

  Spain’s Health Ministry announced on Monday that it is considering delaying second doses of coronavirus vaccines developed by Pfizer and Moderna, El Mundo newspaper reported on Monday, citing an official document. The proposal is under consideration for under 80-year-olds to maximize the number of people who have received at least …

  Read More »
• 19 April 2021 4:03 pm

  Bitcoin Begins The Week With a Record Drop

  

  Bitcoin traded at around $ 57,350 on Monday, after dropping as much as 15% on Sunday on the back of a drop in shares associated with cryptocurrency trading or bitcoin mining the previous week. The losses came after Bitcoin on Wednesday jumped over $64,000 for the first time ever due …

  Read More »
• 19 April 2021 2:35 pm

  Currencies Overview: Dollar is Hovering Near Its Lowest Level in a Month as US Bond Yields Decline

  

  On Monday, the dollar settled near its lowest level in a month against other currencies, while US Treasury bond yields hovered near the lowest level in five weeks after the Federal Reserve confirmed its view that any increase in the rate of inflation is likely to be temporary. The US …

  Read More »
• 19 April 2021 2:26 pm

  The Eurozone Current Account Surplus Shrank in February

  

  The European Central Bank reported Monday that the euro zone’s current account surplus narrowed in February due to a decline in net exports of goods and services. The bloc, which includes 19 euro-trading nations, recorded a current account surplus of 25.9 billion euros in February, down from 34.7 billion in …

  Read More »
• 19 April 2021 1:41 pm

  Oil Falling as Demand Fears Increase Due to High Rate of Corona Cases

  

  Oil prices fell on Monday, as the increase in coronavirus cases in India and other countries raised fears of stronger measures to contain the pandemic that would affect economic activity and demand for basic commodities such as crude. Brent crude was down 23 cents, or 0.3%, to $ 66.54 a …

  Read More »
• 19 April 2021 1:39 pm

  European Stocks at an Unprecedented Peak Supported by The Auto Sector

  

  European stocks rose on Monday, extending their rise to unprecedented levels, as optimism about a strong start to the business results season offsets worries about a return to the global incidence of COVID-19 cases. The pan-European STOXX 600 index rose 0.1%, the fifth consecutive session of gains, while a euro-zone …

  Read More »
• 19 April 2021 12:55 pm

  Japan’s Exports Increased 16.1% in March YoY

  

  Data from Japan’s Finance Ministry showed on Monday that the country’s exports jumped 16.1% in March compared to the same period a year ago, as demand for goods recovered from low levels reached last year due to the pandemic. The reading compares with an 11.6 increase that economists had forecast …

  Read More »
• 19 April 2021 12:54 pm

  Gold Rises as Demand Increases Due to The Fall of The Dollar And Bond Yields

  

  The gold rose on Monday, hovering near a seven-week high it reached in the previous session, as prices were supported by the drop in the dollar and the decline in US Treasury bond yields. Spot gold rose 0.1% to $1777.65 an ounce, after hitting its highest level since February 25 …

  Read More »