Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 24 May 2021 11:39 pm

  Gold Resumes Gains to Finish at Highest Level Since January

  

  Gold prices rose on Monday, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields. An improved risk sentiment might have limited the yellow metal’s gains, as it failed to reach the $1,900 an ounce level. However, gold futures still managed to close at their highest level …

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• 24 May 2021 11:00 pm

  USD Declines and Nears Lowest Level in Four Months

  

  The U.S. Dollar (USD) declined on Monday, beginning the week with a relatively weak performance, following a rebound by the end of the previous week. An improved investors’ sentiment across global markets on expectations for economic recovery helped riskier assets and currencies rise, which weighed down on the greenback. The …

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• 24 May 2021 10:00 pm

  European Stocks Close Higher Near All-Time High

  

  European stocks finished higher on Monday, starting the last week of May with a positive performance, amid an improved risk sentiment on the back of positive earnings reports by major listed companies. The STOXX Europe 600 index finished higher by about 0.72% at 445.07 points, very close to its record …

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• 24 May 2021 9:02 pm

  BoE’s Bailey Warns Against Cryptocurrencies

  

  The Bank of England (BoE) Governor Andrew Bailey has expressed concerns about getting carried away in financial technology and innovation. His remarks came in a speech to the British Parliament’s Treasury Committee on Monday. “I do not want to be seen as a Luddite. I’m skeptical about crypto assets frankly …

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• 24 May 2021 7:28 pm

  BoE’s Bailey Expects Limited Impact from Rising Inflation

  

  The Bank of England (BoE) Governor Andrew Bailey is not expecting long-term impacts from thw recent surge in consumer prices. The inflation rate in the United Kingdom (UK) rose last month to 1.5%, compared with 0.7% in March, as the economy recovers from the coronavirus pandemic, and amid rising energy …

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• 24 May 2021 6:45 pm

  U.S. Business Borrowing Rises 19% in April

  

  Borrowing for capital investments by companies in the United States amounted to $9.8 billion in April, increasing by 19% on an annual basis, according to data by the Equipment Leasing and Finance Association (ELFA) released on Tuesday. The surge in borrowing by U.S. companies came amid the recovery from the …

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• 24 May 2021 5:38 pm

  Dollar Stuck Near 3-Month Low, And Bitcoin Facing Difficulties

  

  The dollar settled near its lowest level in three months against a basket of major currencies on Monday, with riskier currencies continuing to benefit from bets on a strong recovery in the global economy. The dollar index hovered around the 90 level, down 0.2% and close to its three-month low …

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• 24 May 2021 5:09 pm

  US: Chicago Fed National Activity Index Drops to 0.24 in April

  

  The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) declined to 0.24 in April from 1.71 in March.

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• 24 May 2021 4:27 pm

  Gold Stabilizing Near a Multi-Month High

  

  Gold stabilized today, Monday, consolidating near the peak of four and a half months, supported by the decline of the dollar and a wave of selling of cryptocurrencies, while investors await the release of important economic data this week. The spot price of gold was little changed at $1881.40 an …

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• 24 May 2021 3:11 pm

  After a Sharp Sell-off, Bitcoin is Fighting Back

  

  Cryptocurrencies resisted today, Monday, and were able to offset some of the losses they suffered after a wave of selling at the weekend sparked by more indications that China is taking further scaling measures for the emerging sector. Bitcoin rose to $ 37,391, after falling 7.5% in the previous session. …

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• 24 May 2021 2:35 pm

  Goldman Sachs Expects Oil to Reach $ 80 a Barrel

  

  Goldman Sachs signed that oil prices rise to $80 a barrel in the fourth quarter of this year, explaining that the market has not improved the estimate of recovery in demand, even despite the possible resumption of Iranian crude supplies. “The case for higher oil prices, therefore, remains intact given …

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• 24 May 2021 1:52 pm

  Bitcoin Down About 50% From Its Highest Level in 2021

  

  Bitcoin fell 13% on Sunday, May 23, after the world’s largest and most popular cryptocurrency was subjected to further selling which led to a 50% drop from its highest level in a year. Bitcoin fell to levels of $32,601 during trading, and Ethereum, which is linked to the Ethereum blockchain, …

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• 24 May 2021 1:25 pm

  Oil Prices Are Offsetting Some of Their Losses Due to a Potential Obstacle to the Iran Talks

  

  Oil prices today recovered some of last week’s losses, as a potential obstacle to reviving the 2015 nuclear deal with Iran loomed over the horizon, which could add more oil supplies, while indirect talks between Washington and Tehran are due to resume this week. Brent crude futures for March delivery …

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