Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 18 May 2021 1:18 pm

  Brent Crude Oil Above $70 a Barrel For The First Time Since March 5

  

  Brent crude futures rose above the level of $70 a barrel for the first time since last March, as hopes for a strong recovery in fuel demand after the resumption of economic activities in the United States and Europe were offset by concerns about the spread of Covid-19 cases in …

  Read More »
• 18 May 2021 3:10 am

  How is Elon Musk Impacting the Cryptocurrencies Scene?

  

  Bitcoin rebounded on Monday, recovering from the lowest level for the cryptocurrency in about three months, after recent steep declines. The largest cryptocurrency in the world in terms of market capitalization was hit hard by the decision of Tesla, owned by billionaire and major supporter of digital currencies Elon Musk, …

  Read More »
• 17 May 2021 11:42 pm

  U.S. Treasury Bond Yields Rise but Little Changed

  

  Treasury bond yields in the United States stabilized on Monday, as expectations of rising interest rates were cooled down by recent remarks by Federal Reserve officials. This comes following a surge in the return on the long-term debt instrument, which was the largest in nearly two months. Markets are anticipating …

  Read More »
• 17 May 2021 11:39 pm

  Oil Futures Rebound as Recovery Hopes Emerge

  

  Oil prices rose on Monday, opening the week with a strong performance amid expectations for recovery from the coronavirus pandemic. Recent media reports suggested that the Indian Prime Minister, Narendra Modi, is going forward with a new construction project named the Central Vista Redevelopment Project, which includes establishing new buildings …

  Read More »
• 17 May 2021 11:15 pm

  Gold Settles Near Four-Month Highs

  

  Gold prices rose on Monday to reach a new level that is their highest in about four months, amid a decline in global stock markets and a subsequent increase in the demand for safe haven assets. In addition, a decline in the U.S. Dollar (USD) amid mixed expectations about interest …

  Read More »
• 17 May 2021 10:10 pm

  European Stocks Close Marginally Lower

  

  European stocks finished lower on Monday, opening the third week of May with a negative performance, as stock markets remain impacted by concerns over the surge in consumer inflation in the United States, which led to expectations of the Federal Reserve raising interest rates. The pan-European STOXX 600 index finished …

  Read More »
• 17 May 2021 8:16 pm

  Fed’s Clarida Says Economy is Yet to Achieve Substantial Further Progress

  

  The United States Federal Reserve Vice Chair, Richard Clarida, said on Monday that economic growth could exceed 6% and reach 7% in 2021, as he spoke to an event organized by the Federal Reserve Bank of Atlanta. The Fed’s Vice Chair believes the rise in inflation is temporary and that …

  Read More »
• 17 May 2021 7:26 pm

  Wall Street Opens Lower as Sell-Off Continues

  

  The New York Stock Exchange (NYSE) opened lower on Monday, beginning the week with a relatively negative performance, following last week’s performance that was the worst in Wall Street in about three months. Recent selling pressures due to fears about the rise in inflation rates have negatively impacted stock prices. …

  Read More »
• 17 May 2021 6:47 pm

  U.S. Home Builders Confidence Maintains High Reading

  

  The confidence of homebuilders in the United States stabilized, supported by the low-interest rates amid increasing construction costs due to the rising inflation rates. The home builders’ confidence index registered a reading of 83 this month, according to data by the National Association of Home Builders (NAHB) released on Monday. …

  Read More »
• 17 May 2021 6:35 pm

  Canada’s Housing Starts Fall About 20% in April

  

  Housing starts in Canada declined by 19.8% in April, compared with their level in March, data showed on Monday. The decline comes due to the drop in building activity in urban areas, according to the Canadian Mortgage and Housing Corporation (CMHC). The seasonally adjusted annualized rate of housing starts reached …

  Read More »
• 17 May 2021 12:11 pm

  Canada’s Home Sales Down 12.5% in April

  

  Home sales in Canada declined by 12.5% last month, according to data released by the Canadian Real Estate Association (CREA) on Monday. Meanwhile, the average selling price decreased by 2.9% in April on a monthly basis, reaching CAD 696,000. On the other hand, the average selling price rose by 41.9% …

  Read More »
• 17 May 2021 10:31 am

  Oil in a Limited Range And COVID-19 Restrictions in Asia Affecting Sentiment

  

  Oil prices moved within a limited range today, Monday, after concerns about supplies subsided to support the recovery of a major US pipeline network, but the imposition of new restrictions in Asia amid the escalation of Covid-19 cases affected sentiment. The gasoline shortage plaguing the east coast of the United …

  Read More »
• 17 May 2021 10:15 am

  China’s Factory Output Slows And Retail Sales Below Expectations

  

  Chinese factory production growth slowed in April from the jump in the previous month, while retail sales fell below analysts’ expectations, indicating that the recovery in consumption is coming under more pressure. Data from the National Bureau of Statistics on Monday showed that industrial production grew 9.8% in April compared …

  Read More »