Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 28 April 2021 1:39 pm

  Saudi Crown Prince: The Kingdom in Talks to Sell 1% of Aramco

  

  The Saudi Crown Prince Mohammed bin Salman, in televised remarks on Tuesday, that the kingdom is in discussions to sell one percent of Saudi Aramco to a global energy company. Prince Mohammed added that Aramco, the world’s largest oil company that was listed on the Saudi Stock Exchange in 2019, …

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• 28 April 2021 1:28 pm

  Currencies Overview: Dollar Pinned Hopes on The Federal Reserve and Biden to End a Month of Decline

  

  The dollar rose slightly on Wednesday as all eyes turned to the US Federal Reserve’s policy statement and a speech by President Joe Biden later on Wednesday regarding trends in hopes that this will increase the scope for the currency’s recovery after a month of decline. The dollar index recorded …

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• 28 April 2021 12:55 pm

  Gold Hits Its Lowest Level in a Week With Higher Yields Ahead of Fed

  

  Gold prices fell to their lowest level in a week on Wednesday, April 28, with US Treasury yields rising ahead of the US Federal Reserve’s monetary policy statement due for release later today. And the price of gold in the spot market fell 0.5% to $1767.66 an ounce after it …

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• 28 April 2021 12:35 pm

  Deutsche Bank Reports Its Best Quarterly Earnings Since 2014

  

  Deutsche Bank announced a profit of 908 million euros, equivalent to about $ 1.1 billion in Q1, supported by continued strong performance in the investment banking sector. The bank largely exceeded analysts’ forecasts for a net income of 642.95 million euros, according to Refinitiv, and showed a marked improvement from …

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• 28 April 2021 12:15 pm

  Japan Shares Closing slightly Higher And Corporate Outlook Fears Limit Gains

  

  Japanese stocks closed slightly higher on Wednesday, April 28, led by technology stocks, but concerns about corporate expectations limited the gains, even as investors awaited a decision from the US Federal Reserve. The Nikkei index rose 0.21% to close at 2,9053.97 points, while the broader TOPIX index increased 0.29% to …

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• 28 April 2021 3:04 am

  NYSE Closes Mostly Lower Amid Anticipation for Fed Policy Meeting

  

  The New York Stock Exchange (NYSE) closed mostly lower on Tuesday, following a surge by two major indices, namely the S&P 500 and Nasdaq Composite, to new record closing highs. The Dow Jones Industrial Average closed marginally higher by 3.36 points, or 0.01%, at 33,984.93 points. The S&P 500 index, …

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• 27 April 2021 11:45 pm

  U.S. Treasury Bond Yields Surge to Two-Week High

  

  Treasury bond yields in the United States rose on Tuesday to their highest level in about two weeks, amid anticipation for the outcomes of the Federal Reserve meeting. It is expected that U.S. monetary policymakers will maintain the current policy and signal a commitment to the current interest rates and …

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• 27 April 2021 11:40 pm

  Oil Finishes at Week-High Following Surprise OPEC+ Meeting

  

  Oil prices rose on Tuesday to close at their highest level in about a week, following a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to extend its production policy. In an early meeting, held ahead of schedule, which surprised the market, the OPEC+ alliance …

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• 27 April 2021 11:09 pm

  Gold Finishes on Modest Losses

  

  Gold prices finished lower on Tuesday, amid anticipation for the outcomes of the Federal Reserve policy meeting. Positive performance by the U.S. Dollar (USD), supported by a surge in consumer confidence to a 14-month high, led to lower demand for safe-havens. Gold futures for June delivery closed lower by $1.30, …

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• 27 April 2021 10:28 pm

  Ethereum Hits New Record High

  

  Ethereum surged on Tuesday to a new record high near $2,684. The second-biggest cryptocurrency in the world, after Bitcoin, is now up by around 7.3% on a daily basis at 2,645, extending its gains over the past seven days to about 14.10%. Recent news suggested that JPMorgan Chase plans to launch …

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• 27 April 2021 10:06 pm

  European Stocks Close Marginally Lower

  

  European stocks finished lower on Tuesday, as markets remain affected by the Archegos Capital Management losses that exceeded $10 billion, according to media reports. Meanwhile, travel and leisure stocks surged by about 3% on optimism about recovery from the pandemic, while basic resources declined by 1.2%. The STOXX Europe 600 …

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• 27 April 2021 8:16 pm

  Richmond Fed Manufacturing Index Steady in April

  

  The Fifth District Survey of Manufacturing Activity’s Composite Index remained unchanged at 17 this month, maintaining its reading from March, according to data by the Federal Reserve Bank of Richmond. The index continued to indicate growth, as all its main components, namely shipments, new orders, and employment, remained positive, signaling …

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• 27 April 2021 6:28 pm

  U.S. Consumer Confidence Improves in April

  

  The United States Consumer Confidence Index surged in April, maintaining a positive trend after a strong rise last month, data by the Conference Board indicated on Tuesday. The Conference Board Consumer Confidence Index rose to 121.7 this month, compared with 109.0 in March. The Present Situation Index increased from 110.1 …

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