Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 1 April 2021 2:37 pm

  Reuters: OPEC+ Hesitant Between Extending oil Production Cuts and Increasing Supplies

  

  Sources in OPEC + told Reuters that the group will discuss two main options for oil policy in May and after that, including an extension of existing cuts and a gradual increase in production. Two sources said the increase would not exceed 0.5 million barrels per day.

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• 1 April 2021 1:59 pm

  French Minister of Health: The Peak of Corona’s Infection May be Within 10 Days

  

  French Health Minister Olivier Ferrand told Radio France Inter that the country could reach the peak of the third wave of the Covid-19 pandemic within 7 to 10 days after President Emmanuel Macron announced on Wednesday new restrictions to combat the pandemic. Macron ordered the imposition of the third general …

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• 1 April 2021 1:27 pm

  Oil Gaining as OPEC+ Meets to Decide on Production Policy

  

  Oil prices rose on Thursday, April 1, to offset some of the losses incurred in the previous session, as hopes grew that OPEC and its allies, who will meet later today, will decide to continue curbing production in the face of a new rise in Covid-19 infections in some areas. …

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• 1 April 2021 12:52 pm

  Gold Recovering From a 3-Week Low as The Dollar’s Rise Has Been Halted

  

  Gold rose again Thursday, April 1, from a three-week low it reached in the previous session, as the US dollar and Treasury yields declined, while President Joe Biden’s plan of more than $2 trillion for jobs provided further support for the yellow metal’s appeal as a hedge against inflation. And …

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• 1 April 2021 12:33 pm

  European Stocks Enter a New Quarter With Limited Gains

  

  European stocks began the new quarter with limited gains Thursday, April 1, as concerns about another wave of Covid-19, with France imposing a third lockdown measure, overshadowed optimism about a new spending plan for the US government. The European Stoxx600 index rose 0.2% in early trade, hovering three points below …

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• 1 April 2021 12:21 pm

  Japan Stocks Rise on Tech Sector

  

  Japanese stocks rose Thursday, April 1st, as investors snapped up shares of semiconductor companies on the first day of the new fiscal year, thanks to hopes for strong corporate business results. The benchmark Nikkei index closed 0.72% higher at 29,388.87 points, while the broader Topix index increased 0.19% to 1,957.64 …

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• 1 April 2021 5:52 am

  Biden Presents $2.25 Trn Jobs Plan

  

  U.S. President Joe Biden proposed on Wednesday his plan to renovate American infrastructure with public expenditure exceeding $2.25 trillion, in what he calls “a once in a generation investment.” Following the passing of his $1.9 trillion stimulus package, named the American Rescue Plan, Biden presented the “American Jobs Plan” with …

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• 1 April 2021 2:59 am

  Wall Street Maintains Gains for Fourth Straight Quarter

  

  The New York Stock Exchange (NYSE) finished Wednesday’s trading session with a mixed performance, as the technology sector rebounded. Meanwhile, the main three indices on Wall Street closed March with the fourth consecutive quarterly gains, supported by an improved sentiment towards economic recovery. The Dow Jones Industrial Average lost 85.41 …

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• 1 April 2021 2:51 am

  USD Posts Best Quarterly Gains Since 2018

  

  The U.S. Dollar (USD) saw a mixed performance on Wednesday, but managed to finish March and the First Quarter (Q1) of the year with large gains. Today, the greenback reached its highest level against the Japanese Yen (JPY) in about a year, supported by improved sentiment about economic recovery, however, …

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• 1 April 2021 2:32 am

  U.S. Dollar’s Share in Currency Reserves Declines to 25-Year Low

  

  The U.S. Dollar (USD) share of global currency reserves declined to its lowest level since 1995 during the fourth quarter (Q4) of 2020, according to data by the International Monetary Fund (IMF) released on Wednesday. However, the USD continued to account for more than half of currency reserves, reaching a …

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• 1 April 2021 1:56 am

  Gold Ends Q1 with Worst Losses Since 2016

  

  Gold futures rose on Wednesday, supported by the decline of the U.S. Dollar (USD) across the board. Nevertheless, the yellow metal futures continue to be impacted by the strong USD and high Treasury bond yields, which reflected negatively on gold’s performance during the first quarter (Q1) of the year. Gold …

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• 1 April 2021 12:41 am

  Oil Declines Following U.S. Inventories Draw

  

  Oil prices fell on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies lowered their forecast for the growth of oil demand in 2021. Brent crude futures for May delivery lost $0.60, or 0.94%, to settle at $63.54 per barrel. Meanwhile, the U.S. West Texas Intermediate …

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• 1 April 2021 12:16 am

  USD Recovers Some Losses but Remains in Decline

  

  The U.S. Dollar (USD) recovered some of its earlier losses on Wednesday, but remained in the negative territory. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.09% at 93.21. Earlier today, the index declined as low as 92.99, …

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