Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 7 April 2021 9:00 pm

  U.S. Mortgage Applications Decline for Second Week

  

  Applications for new loans to purchase houses in the United States declined by 4.6% last week, data by the Mortgage Bankers Association (MBA) showed on Wednesday. This is the second consecutive weekly decline for U.S. mortgage applications. The fixed-rate for the 30-year mortgage rose to its highest level in about …

  Read More »
• 7 April 2021 8:23 pm

  U.S. Oil Stockpiles Rise by 3.5 M Barrel in Week

  

  Crude oil inventories in the United States declined by 3.5 million barrels last week, data by the Energy Information Administration (EIA) showed on Wednesday. Oil stockpiles reached 501.8 million barrels for the week ended on April 2, according to the EIA’s weekly report. Meanwhile, gasoline inventories increased by 4 million …

  Read More »
• 7 April 2021 7:25 pm

  U.S. Trade Deficit Hits New High in February

  

  Trade in the United States rose to a new record high in February, data showed on Wednesday. The U.S. Department of Commerce reported that the balance of trade recorded a 4.8% surge in deficit to a new record level of $71.1 billion in February. American exports decreased by 2.6% to …

  Read More »
• 7 April 2021 6:41 pm

  Canada: International Trade Surplus Narrows to $1.04 Billion

  

  Canada’s merchandise trade surplus with the world narrowed to $ 1,04 billion in February from $ 1.2 billion in January, the monthly data published by Statistics Canada revealed on Wednesday. This reading came in slightly better than analysts’ estimate for a surplus of $ 1 billion.

  Read More »
• 7 April 2021 5:21 pm

  US: Goods and services Trade Deficit Widens to $71.1 Billion

  

  The goods and services deficit of the US widened by $3.3 billion to $71.1 billion in February, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.

  Read More »
• 7 April 2021 5:09 pm

  Record Levels of Electric And Hybrid Vehicle Sales in The UK

  

  In a sign of the accelerating shift towards electric cars in Britain, last March recorded sales of 13.9 percent of total car sales in the country, a record high compared to March 2020, when sector sales recorded only 7.3 percent According to the Association of Car Manufacturers and Dealers in …

  Read More »
• 7 April 2021 4:38 pm

  IMF: Global Economy to Grow by 6% in 2021

  

  After the major economic challenges the world faced last year due to the Covid-19 pandemic, the International Monetary Fund (IMF) announced that the global economy recovery will be greater than expected in the years 2021 and 2022, driven by strong growth in the United States. The IMF is currently taking …

  Read More »
• 7 April 2021 4:01 pm

  Erdogan Pledges to Reduce The Interest Rate to Less Than 10%, Turkish Lira Declining

  

  The Turkish lira lost about 13% of its value within two weeks due to the dismissal of the Turkish President, Recep Tayyip Erdogan, to the former central bank governor, Naji Iqbal, after the latter raised the interest to 19%, with the aim of tightening monetary policy, controlling inflation rates, and …

  Read More »
• 7 April 2021 3:12 pm

  Eurozone: Business Activity Returns to Growth in March

  

  A survey published today, Wednesday, April 7 showed that business activities in the Eurozone returned to growth last month, supported by a record expansion in the manufacturing sector, and that the services sector is facing new lockdown measures better than expected. Europe is fighting a third wave of the spread …

  Read More »
• 7 April 2021 2:37 pm

  Currencies Overview: The US Dollar Near Its Lowest Level in Two Weeks

  

  The dollar hovered near its lowest level in two weeks after the US Treasury bond yields retreated from their recent high levels, while market participants await the US Federal Reserve meeting minutes, which will be released later during the session, to determine the future course of the US currency. The …

  Read More »
• 7 April 2021 1:44 pm

  UAE Appoints a New Governor For The Central Bank

  

  The official Emirates News Agency (WAM), citing a decree, stated that the President of the United Arab Emirates, Sheikh Khalifa bin Zayed, appointed Khaled Al Tamimi as Governor of the Emirates Central Bank. Al-Tamimi, who previously served as deputy governor of the Central Bank, will replace Abdul Hamid Saeed Al-Ahmadi. …

  Read More »
• 7 April 2021 1:36 pm

  European Shares Hovering Near a Record High

  

  European stocks hovered near record highs on Wednesday, April 7, as investors awaited data on service sector activity in the region, while British stocks outperformed the rest of the market, supported by optimism about rapid vaccination campaigns and a weak sterling pound. The pan-European STOXX 600 index fell 0.2% after …

  Read More »
• 7 April 2021 12:58 pm

  Oil Prices Rising on Stronger Economic Outlook and Declining US Inventories

  

  Oil prices rose Wednesday, April 7, thanks to the possibility of stronger global economic growth in light of an increase in vaccinations and a report stating that crude stocks in the United States, the largest consumer of fuel in the world, fell. But optimism about talks between the United States …

  Read More »