Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 13 April 2021 4:43 pm

  US Annual Core Inflation Rises to 1.6% in March

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in March from 0.4% in February. to be updated…

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• 13 April 2021 4:41 pm

  OPEC Raises 2021 World Oil Demand Growth Forecast

  

  In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth in 2021 to 5.95 million barrels per day from 5.89 million barrels per day in the previous report, per Reuters. “There have been sizeable drawdowns in global inventories since mid-2020 …

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• 13 April 2021 3:48 pm

  Currencies Overview: Dollar Rises From Nearly Three-week Low as Trader Brace For Inflation Data

  

  The dollar rose from a nearly three-week low against the major rivals on Tuesday, buoyed by a surge in US Treasury bond yields, as investors awaited closely watched US inflation data, which is scheduled for release later on Tuesday. The dollar had retreated, as did US bond yields this month, …

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• 13 April 2021 3:44 pm

  German ZEW Economic Sentiment Index Drops April

  

  The ZEW Institute for Economic Research said that investor sentiment in Germany recorded a sudden decline in April, pointing to growing concerns about the imposition of tougher isolation measures in Europe’s largest economy, reducing private consumption. The German ZEW headline numbers for April showed that the Economic Sentiment Index dropped …

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• 13 April 2021 3:41 pm

  US Recommends Pause For Johnson & Johnson COVID-19 Vaccines Over Clot Reports

  

  The US Food and Drug Administration said it is asking states to temporarily stop using Johnson & Johnson’s Covid-19 vaccine after 6 people in the United States developed a rare blood clotting disorder. The US Food and Drug Administration said the recommendation “results from an abundance of caution,” adding that …

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• 13 April 2021 2:32 pm

  Bitcoin Hits Record Highs

  

  It reached an unprecedented peak at $ 62,575, to continue its series of gains in 2021 and reach a new peak. The price of the largest cryptocurrencies in the world has more than doubled this year amid the growing acceptance of the traditional financial sector as an investment tool and …

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• 13 April 2021 2:15 pm

  Turkish Industrial Production Rose 8.8% in February, YoY

  

  Data showed that industrial production rose 8.8% on an annual basis in February, which is in line with expectations and indicates its growth for the ninth month in a row after it was affected last year as a result of measures to contain the Coronavirus pandemic. The Turkish Statistics Institute …

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• 13 April 2021 1:58 pm

  Oil Rising Supported by Strong Chinese Data

  

  Oil prices rose on Tuesday, April 13th, as data from China showed an increase in the growth of imports of the second-largest consumer of oil in the world. Brent crude futures were up 31 cents, equivalent to 0.5%, to $63.59 a barrel, while U.S. crude futures increased 28 cents, or …

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• 13 April 2021 1:35 pm

  Gold Settled as Market Awaits The US Inflation Data

  

  Gold prices stabilized on Tuesday, April 13th, as participants in market operations continued to refrain from trading ahead of the release of inflation data in the United States, which is expected to shed more light on the recovery in the world’s largest economies. Gold was little changed in spot transactions …

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• 13 April 2021 1:15 pm

  European Stocks Close to a Record High And All Eyes on US Inflation Data

  

  European stocks hovered just below their all-time high on Tuesday, April 13th, as strong export data from China boosted optimism about a faster global economic recovery, while investor interest shifted towards important US inflation data to be released later today. The European Stoxx600 index was up 0.1%, after hitting an …

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• 13 April 2021 12:51 pm

  Reuters: China’s Trade Surplus With The United States Fell to $21.37B in March

  

  Reuters calculations based on Chinese customs data concluded that China’s trade surplus with the United States reached $ 21.37 billion in March, down from $ 23.01 billion in February. US President Joe Biden said last month that his country does not seek a confrontation with China regarding disputes over trade, …

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• 13 April 2021 12:48 pm

  Britain’s Economy Grew 0.4% MoM in February

  

  Official data showed that Britain’s economy expanded 0.4% month over month in February. Economists had forecast a monthly growth of 0.6% in a Reuters poll.

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• 13 April 2021 12:47 pm

  Glass And Retailers Lift The Nikkei After Positive Results

  

  Japanese stocks rose on Tuesday, April 13th, led by gains in shares of glass products companies and retail stores, after recording strong results, but fears of an increase in local Coronavirus infections hit travel-related stocks. The Nikkei index rose 0.72% to 29751.61, settling above a major support level from the …

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