Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 8 April 2021 10:50 am

  The Group of Twenty strengthens IMF reserves and extends the freeze on debt service payments

  

  According to a statement from the Group of Twenty, global financial leaders agreed on Wednesday (April 7) to increase the International Monetary Fund’s reserves of $ 650 billion and extend a freeze on debt service payments aimed at helping developing countries confront the Coronavirus pandemic. The group’s finance ministers and …

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• 8 April 2021 4:11 am

  USD and Wall Street Rise Following Fed’s Meeting Minutes

  

  The U.S. Dollar (USD) rebounded on Wednesday, following the release of the latest Federal Reserve meeting minutes, as Treasury bond yields rose. This led the greenback to recover from its lowest level in about two weeks and achieve daily gains. The Dollar Index (DXY), which measures the greenback’s performance against …

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• 8 April 2021 12:45 am

  Yellen: New Tax Code Could be Fairer for All Americans

  

  The United States Treasury Secretary Janet Yellen said on Wednesday that the proposals of President Joe Biden to raise corporate tax rates would be fair for the country and would push more companies to invest in the American economy, by abolishing incentives shifting investments and profit abroad. The new tax …

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• 8 April 2021 12:30 am

  Biden Says his Plans is Needed to Compete with China

  

  U.S. President Joe Biden opened the door on Wednesday for negotiations about the tax increases necessary to finance his proposed $2.25 plan for developing infrastructure. However, Biden once again pointed to the competition between the United States and China on the global stage, urging support for what he says are …

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• 8 April 2021 12:07 am

  Minutes Show Fed Maintains Policy with Possible Changes Sooner than Expected

  

  The United States Federal Reserve Board remains committed to supporting the economy until it completes the recovery but it is still concerned about the risks resulting from the coronavirus pandemic, according to the minutes of its most recent meeting. Members of the Federal Open Market Committee (FOMC) agreed that the …

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• 7 April 2021 11:03 pm

  Oil Finishes on Mixed Note

  

  Oil prices showed a mixed performance on Wednesday, as the global benchmark crude futures rose amid positive expectations for economic recovery around the world, while the U.S. oil futures declined following a surge in fuel stockpiles. Brent crude futures for May delivery rose by 42 cents, or 0.67%, to $63.16 …

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• 7 April 2021 10:26 pm

  European Stocks Finish Lower but FTSE100 Surges

  

  European stocks closed marginally lower on Wednesday, a day after logging a new record high, as healthcare stocks led the declining sectors. The pan-European STOXX 600 index finished lower by 0.14%, with the healthcare sector declining by 0.9%, while the insurance sector rose by 0.6%. The German benchmark index (DAX) …

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• 7 April 2021 9:45 pm

  Fed’s Evans Welcomes 3% Inflation Rate

  

  President of the Federal Reserve Bank of Chicago, Charles Evans, on Wednesday expressed a positive sentiment towards a stronger economic growth in 2021. “I am optimistic that the economy is poised for strong growth later this year.” Evans said the U.S. Federal Reserve must witness sustainable progress in achieving its …

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• 7 April 2021 9:00 pm

  U.S. Mortgage Applications Decline for Second Week

  

  Applications for new loans to purchase houses in the United States declined by 4.6% last week, data by the Mortgage Bankers Association (MBA) showed on Wednesday. This is the second consecutive weekly decline for U.S. mortgage applications. The fixed-rate for the 30-year mortgage rose to its highest level in about …

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• 7 April 2021 8:23 pm

  U.S. Oil Stockpiles Rise by 3.5 M Barrel in Week

  

  Crude oil inventories in the United States declined by 3.5 million barrels last week, data by the Energy Information Administration (EIA) showed on Wednesday. Oil stockpiles reached 501.8 million barrels for the week ended on April 2, according to the EIA’s weekly report. Meanwhile, gasoline inventories increased by 4 million …

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• 7 April 2021 7:25 pm

  U.S. Trade Deficit Hits New High in February

  

  Trade in the United States rose to a new record high in February, data showed on Wednesday. The U.S. Department of Commerce reported that the balance of trade recorded a 4.8% surge in deficit to a new record level of $71.1 billion in February. American exports decreased by 2.6% to …

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• 7 April 2021 6:41 pm

  Canada: International Trade Surplus Narrows to $1.04 Billion

  

  Canada’s merchandise trade surplus with the world narrowed to $ 1,04 billion in February from $ 1.2 billion in January, the monthly data published by Statistics Canada revealed on Wednesday. This reading came in slightly better than analysts’ estimate for a surplus of $ 1 billion.

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• 7 April 2021 5:21 pm

  US: Goods and services Trade Deficit Widens to $71.1 Billion

  

  The goods and services deficit of the US widened by $3.3 billion to $71.1 billion in February, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.

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