Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 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 …

  Read More »
• 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 …

  Read More »
• 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, …

  Read More »

March, 2021

• 31 March 2021 9:17 pm

  European Stocks Close Lower but Maintain Monthly and Quarterly Rise

  

  European stocks finished lower on Wednesday, after a 30% decline by the debutant Deliveroo stock on the London Stock Exchange (LSE) weighed on the market. The STOXX Europe 600 index declined by 0.24% at 429.60 points, remaining near it all-time record closing level seen on February 19, 2020, at 433.90 …

  Read More »
• 31 March 2021 8:01 pm

  U.S. February Pending Home Sales Drop for Second Month

  

  Pending home sales in the United States declined in February for the second consecutive month, data by the National Association of Realtors showed on Wednesday. The Pending Home Sales Index declines by 10.6% last month compared with its level in January. On an annual basis, pending home sales decreased by …

  Read More »
• 31 March 2021 7:00 pm

  U.S. Private Payrolls Surge in March

  

  The private sector in the United States saw the largest hiring in six months during March, according to data by the ADP National Employment Report on Wednesday. The surge in employment, as reflected in the rise in private payrolls, comes amid increased rate of vaccination across the U.S. and a …

  Read More »
• 31 March 2021 6:28 pm

  Reuters: OPEC Oil Production Rises in March

  

  According to a Reuters survey, OPEC oil production rose in March, as an increase in supplies from Iran was matched by reductions from other members under an agreement with allies, and represents an obstacle to efforts to limit supplies if the increase by Tehran continues. The survey concluded that the …

  Read More »
• 31 March 2021 5:34 pm

  OPEC+ Oil Production Rise in March

  

  According to a Reuters survey, OPEC oil production rose in March, as an increase in supplies from Iran was matched by reductions from other members under an agreement with allies, representing an obstacle to efforts to limit supplies if the production increase by Tehran continues. The survey concluded that the …

  Read More »
• 31 March 2021 4:50 pm

  Chairman of the Suez Canal Authority: The canal is operating at full capacity around the clock

  

  The head of the Suez Canal Authority, Lieutenant General Osama Rabie, stated that the navigation traffic in the canal is working on a regular basis, as the navigation reports record, today, Wednesday, 81 ships crossing from both directions, with a total net tonnage of 4.8 million tons. A net amount …

  Read More »
• 31 March 2021 4:11 pm

  Reuters – Pfizer announces positive topline results of COVID-19 vaccine study in adolescents

  

  Pfizer-BioNTech announced on Wednesday that their COVID-19 demonstrated 100% efficacy and robust antibody responses in participants aged 12-15 years old, as reported by Reuters. “Companies plan to submit these data to the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) as soon as possible to request …

  Read More »
• 31 March 2021 3:36 pm

  OPEC+ Committee Lowers its Global Oil Demand Growth Forecasts

  

  A report issued from an OPEC + expert team committee reviewed by Reuters revealed that the cartel has lowered its forecast for global oil demand growth in 2021 by 300,000 barrels per day, indicating concerns about the market’s recovery in light of a new wave of lockdown measures to combat …

  Read More »
• 31 March 2021 2:32 pm

  Currencies Overview: US Dollar at Monthly Highs on Fiscal Stimulus Speculation

  

  The dollar hit a new year high against the yen and a multi-month high against other competitors on Wednesday (March 31st), as investors speculate that a massive fiscal stimulus package and an expanded vaccination campaign will help the United States lead the global pandemic recovery. Today, US President Joe Biden …

  Read More »
• 31 March 2021 1:53 pm

  Gold on Track For Its Worst Quarterly Performance Since The End of 2016

  

  Gold rose in volatile trading on Wednesday, March 31st, but the yellow metal is still heading for the biggest quarterly decline since December 2016, with the rise in US Treasury yields and the dollar undermining the charm of safe-haven status in gold. An increase of 0.1% to $ 1686.65/ounce in …

  Read More »