Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 3 May 2021 2:21 pm

  Oil Prices Fall as The Pandemic Scatters Fuel Sales in India

  

  Oil prices plunged on Monday, as a catastrophic second wave of the Coronavirus pandemic in India undermined a recovery in fuel demand there, overshadowing optimism about a strong recovery in fuel demand in developed countries and China in the second half of the year. Brent crude for July delivery fell …

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• 3 May 2021 1:09 pm

  Cryptocurrency Ethereum Rises Above $3,100 Levels For The First Time in Its History

  

  Cryptocurrency Ethereum is rising about 5%, breaching $3100 levels for the first time in its history The currency has recorded gains of about 323% since the beginning of this year, bringing its market value to about $354 billion

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• 3 May 2021 1:08 pm

  Inflation in Turkey Exceeds 17%, Reaching Its Highest Level Since Mid-2019

  

  Today’s data showed that Turkey’s inflation rate rose to 17.14% year-on-year in April, touching its highest level since mid-2019, and continuing pressure on the central bank to maintain a hard-line policy. On a monthly basis, the Turkish Statistics Institute said consumer prices rose 1.68%, compared to a Reuters poll forecast …

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• 3 May 2021 12:58 pm

  European Stocks Rising Thanks to Optimism About Earnings And Hopes For a Recovery

  

  European stocks rose on Monday amid slight trading due to a bank holiday in Britain, while sentiment remained positive on hopes of a quick economic recovery and a strong earnings season. The pan-European STOXX 600 index rose 0.2% on its first trading day in May. The benchmark index closed up …

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• 3 May 2021 4:49 am

  Weekly Recap: 26-30 April

  

  The FOMC remained in dovish mode, despite promising US numbers. The UK economy is gradually reopening, but the eurozone is still hampered by a slow vaccine rollout. Here are the most prominent events and data affecting the markets over the past week U.S. dollar and Currencies The Bank of Canada …

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• 1 May 2021 3:26 am

  Dollar Rising After US Data, But Posting Biggest Monthly Decline Since December

  

  The dollar rose on Friday (April 30th), extending its gains after optimistic data on the income and spending of US consumers and the manufacturing sector in the Midwestern states. However, the dollar index ends April down 2.1, its biggest loss in one month since December. US data next week, including …

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• 1 May 2021 3:22 am

  Oil Prices Dropping From Their Highest in 6 Weeks Due to Fears of India’s Demand And Weak Japanese Imports

  

  Oil prices fell from six-week highs on Friday (April 30th) as investors scaled back their positions after weak data on Japan’s crude imports and concerns about fuel demand in India as coronavirus cases soar. West Texas Intermediate crude and Brent crude recorded the biggest one-day loss in more than three …

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• 1 May 2021 3:18 am

  Turkey’s Trade Deficit Shrank 14.9% Year-on-Year in March

  

  Data from the Turkish Statistics Institute on Friday showed that Turkey’s foreign trade deficit shrank by 14.9% year on year in March to $4.65 billion, according to the general trade system. The institute said that Turkey’s exports in March rose by 42.2% and imports increased by 25.6% compared to March …

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• 1 May 2021 3:17 am

  US Stocks Dropping Despite Huge Profits From Amazon And Dow Jones Down 200 Points

  

  The S&P 500 index fell 0.75%, while the Dow Jones Industrial Average declined 200 points, and the Nasdaq index fell 0.85%. And Amazon, the last of the Wall Street mega tech companies to publish their results, reported record profits in the first quarter of the year. The Seattle-based company said …

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April, 2021

• 30 April 2021 10:16 pm

  US Crude Oil Exports Fall to 2.7 Million Barrels Per Day in February

  

  The US Energy Information Administration said Friday, April 30 that US crude oil exports fell to 2.703 million barrels per day in February, from 3.165 million barrels per day in January. The government agency added in a monthly report that US gasoline exports fell to 687 thousand barrels per day …

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• 30 April 2021 10:15 pm

  EIA: US Oil Production Fell to 9.86 Million Barrels Per Day in February

  

  The US Energy Information Administration said Friday that crude oil production in the United States fell by 1.2 million barrels per day in February to 9.86 million barrels per day. The government agency revised, in a monthly report, oil production for January, down by 21,000 barrels per day to 11.06 …

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• 30 April 2021 10:13 pm

  US Consumer Spending And Income Recovered in March

  

  Consumer spending in the United States rebounded in March amid a rise in income, as families received additional aid money linked to the Covid-19 pandemic from the government, laying a solid foundation for a further acceleration in consumption in the second quarter. The Commerce Department said on Friday that consumer …

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• 30 April 2021 2:37 pm

  Eurozone Preliminary CPI Rises to 1.6% YoY in April

  

  According to Eurostat’s preliminary reading of the Eurozone CPI report, the annual figure came in at 1.6% in April, matching expectations of 1.6% while accelerating March’s 1.3%. The core figures eased to 0.8%% YoY in April when compared to 0.9% expectations and 0.9% booked in March.

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