Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 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 …

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• 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.

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• 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.

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• 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. …

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• 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. …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 24 April 2021 1:50 am

  U.S. Treasury Bond Yields Rebound from Recent Lows

  

  Treasury bond yields in the United States rose on Friday, amid an improvement in risk appetite among investors due to positive economic data signaling recovery from the negative impacts of the coronavirus pandemic in the U.S. and Europe. The benchmark 10-year Treasury bond yield increased by 1.2 basis points to …

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• 24 April 2021 1:45 am

  Oil Futures Close Higher to Limit Weekly Decline

  

  Oil prices rose on Friday, limiting their weekly decline that resulted mostly because of concerns about demand recovery amid a resurgence of the coronavirus with a rising number of new cases, especially in India. Brent crude futures for June delivery gained 71 cents, or 1.1%, to close at $66.11 per …

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• 24 April 2021 1:19 am

  Gold Futures Turn to Modest Weekly Losses

  

  Gold prices declined on Friday, turning to a weekly loss, despite the fall of the U.S. Dollar (USD). The prospects for economic recovery, as evident by recent economic data, reduced demand for safe havens and led to better risk appetite. Gold futures for June delivery finished lower by $4.20, or …

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• 24 April 2021 12:43 am

  European Stocks Log First Weekly Loss in Two Months

  

  European stocks declined on Friday, registering their first weekly loss in eight weeks, as the market reacted to concerns about the rising number of new coronavirus cases amid a new wave of the pandemic. The STOXX Europe 600 index closed lower by 0.2%, expanding its losses to 0.8% for the …

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