Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 26 April 2021 11:33 pm

  USD Fluctuating Across the Board

  

  The U.S. Dollar (USD) showed a fluctuating performance on Monday, opening the week on a mixed note, amid the absence of major indicators and data on today’s economic calendar. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.06% …

  Read More »
• 26 April 2021 6:00 pm

  Texas Manufacturing Output Maintains Expansion Despite Decline

  

  Texas manufacturing activity maintained a positive trend during April, according to data by the Federal Reserve Bank of Dallas released on Monday. The production index declined to 34 in April, down from its all-time record high of 48 in March, as shown by the Texas Manufacturing Outlook Survey results. The …

  Read More »
• 26 April 2021 3:57 pm

  German Government to Lift 2021 GDP Growth Forecast

  

  According to Reuters, the German government is expected to revise its GDP forecast to 3.5% from 3% in January. The German government believes that the economy will expand by 3.6% in 2022, and the government reportedly believes that the better-than-expected growth dynamics seen in the fourth quarter of 2020 justify …

  Read More »
• 26 April 2021 3:16 pm

  Bitcoin Jumps 8% And Heads to End a Series of 5 Sessions of Losses

  

  On Monday, Bitcoin jumped by as much as 8% and is heading to end a five-session losing streak, but the cryptocurrency is about a fifth below the all-time high it reached earlier this month. Bitcoin was in the latest transactions, up 6.7% to 52,452 dollars, after touching its lowest level …

  Read More »
• 26 April 2021 2:36 pm

  Currencies Overview: Dollar Falling to 8-Week Low

  

  The dollar fell to a nearly eight-week low against other major currencies on Monday, amid speculation that US Federal Reserve Chairman Jerome Powell will avoid talks on easing bond purchases at this week’s meeting. The dollar reached 107.71 yen, close to the lowest level since the fourth of March. The …

  Read More »
• 26 April 2021 1:52 pm

  Kremlin: Putin-Biden Meeting Dates And Place Yet to be Chosen

  

  Kremlin said in a statement on Monday, dates and place are yet to be chosen when asked about a possible meeting between Russian President Vladimir Putin and his American counterpart Joe Biden.

  Read More »
• 26 April 2021 1:43 pm

  German IFO Index Drop to 99.5 in April

  

  The headline German IFO Business Climate Index came a bit higher at 96.8 in April compared to last month’s 96.6, missing the expectations of 97.8.

  Read More »
• 26 April 2021 1:22 pm

  European Stocks Are Stable as Losses in Auto Stocks Erase Gains

  

  European stocks were largely flat on Monday, as car maker losses erased the gains of mining companies, while investors awaited a week full of corporate results and economic data. The pan-European STOXX 600 index rose 0.02% n early trade, after recording its first weekly loss in eight weeks on Friday. …

  Read More »
• 26 April 2021 1:02 pm

  Japan Shares Closed Higher, Led by Travel Stocks

  

  Japanese shares closed higher on Monday as travel-related stocks recovered from losses stemming from concerns over coronavirus restrictions, and after ANA forecast losses lower than expected for the full year. The Nikkei index rose 0.36% to close at 29,126.23 points, while the broader Topix index rose 0.17 to 1918.15 points. …

  Read More »
• 26 April 2021 12:42 pm

  Gold Rising as Virus Cases Increase And The Dollar’s Decline Reinforces Its Safe-Haven Appeal

  

  Gold won today, Monday, as the increase in the incidence of Covid-19 cases strengthened its appeal as a safe haven, and this reinforced the weakness of the dollar before the meeting of the Federal Reserve (US Central Bank) this week, while the palladium, which is used in the auto industry …

  Read More »
• 26 April 2021 12:31 pm

  Oil Falls Amid Concerns About The Impact of Increased Covid-19 Cases in India on Fuel Demand

  

  Oil prices fell on Monday, on the back of fears that the escalation of Covid-19 infections in India will lower the demand for fuel in the world’s third-largest oil importer, and with investors shifting positions ahead of a planned increase in OPEC+ oil production from May. Brent crude futures fell …

  Read More »
• 25 April 2021 2:40 am

  Weekly Recap: 19-23 April

  

  In the third week of April, the main market movers were concerns about the resurgence of the coronavirus pandemic especially in Asia, as well as economic data, most of which signaled recovery from the negative impacts of the coronavirus in the United States, Eurozone, and China. In addition, media reports …

  Read More »
• 24 April 2021 3:18 am

  Wall Street Recovers from Most Weekly Losses

  

  The New York Stock Exchange (NYSE) finished higher on Friday, amid increased optimism among Wall Street investors about the recovery from the impacts of the coronavirus pandemic, signaled by positive economic data. However, today’s gains did not erase weekly losses, which resulted from concerns about a new wave of the …

  Read More »