Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 11 May 2021 4:41 am

  Wall Street Closes Lower amid Tech Sell-Off

  

  The main indices of the New York Stock Exchange (NYSE) closed lower on Monday, due to increased selling pressures by Wall Street investors who projected concerns about a rise in inflation. After opening higher and shortly hitting a new intraday record high, the Dow Jones Industrial Average lost all of …

  Read More »
• 11 May 2021 4:26 am

  Oil Finishes Marginally Higher due to Pipeline Incident

  

  Oil prices finished Monday’s trading marginally higher, on the back of concerns about a cyberattack on the Colonial Pipeline in the United States. Brent crude futures for July delivery rose by 4 cents to settle at the level of $68.32 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures …

  Read More »
• 11 May 2021 4:19 am

  Gold Maintains Gains to Fresh Three-Month Highs

  

  Gold prices rose on Monday for the fourth consecutive session, supported by the decline of the U.S. Dollar (USD) and fears about a potential rise in inflation rates, which led to higher demand for safe havens. The yellow metal futures for June delivery gained $6.30, or 0.3%, to finish at …

  Read More »
• 11 May 2021 12:20 am

  Bitcoin Extends Losses amid Selling Pressures

  

  Bitcoin maintained a negative trajectory on Monday, moving within a downward trend due to selling pressures. The world’s largest cryptocurrency in terms of market capitalization fell by more than 5% over the past 24 hours, extending its losses over the past seven days to about 2.5%. Bitcoin is currently trading …

  Read More »
• 10 May 2021 11:59 pm

  USD Above 10-Week Lows as Treasury Yields Rise

  

  The U.S. Dollar (USD) is showing a mostly negative performance on Monday, amid concerns among investors about the prospects of a rise in inflation resulting from the economic recovery from the coronavirus pandemic. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies, is …

  Read More »
• 10 May 2021 11:15 pm

  European Stocks Inch Towards Another Record High

  

  European stocks finished Monday on a mixed note, opening the week with a fluctuating performance, as the markets witnessed hopes for recovery, as well as fears regarding a rise in inflation rates. The STOXX Europe 600 index closed higher by 0.11% at a new all-time record of 445.40 points. In …

  Read More »
• 10 May 2021 8:18 pm

  U.S. Consumers Expect Rise in Inflation Over the Coming Year

  

  Consumers in the United States expect a rise in inflation, amid the recovery from the coronavirus pandemic, resulting from higher housing prices, as shown by the results of a survey by the Federal Reserve Bank of New York on Monday. The April survey showed a median annual expectation for the …

  Read More »
• 10 May 2021 6:00 pm

  Wall Street Opens Week with Mixed Performance

  

  The main indices of the New York Stock Exchange (NYSE) opened the new week on a varied note, with Wall Street investors mostly optimistic about the prospects of a strong recovery. Rising commodity prices also provided support to energy and mining stocks. The Dow Jones Industrial Average opened at a …

  Read More »
• 10 May 2021 4:12 pm

  European Official: Increasing The Pace of Bond Purchases Still on The Table

  

  The European Central Bank chief economist, Philippe Lin, told a French newspaper that the European Central Bank could still increase bond purchases at its June meeting if such a step is needed to maintain favorable borrowing conditions. He also added that unemployment is not expected to return to its pre-pandemic …

  Read More »
• 10 May 2021 3:30 pm

  Eurozone Sentix Investor Confidence Jumps to 21.0 in May

  

  The latest data published by the Sentix research on Monday, showed that investor sentiment in the eurozone improved much more than expected in May. The gauge came in at 21.0 in May from -13.1 in April vs. a reading of 14.0 expected.  In the Eurozone, expectations rose to +36.8 points, all-time …

  Read More »
• 10 May 2021 3:05 pm

  Oil Rising After a Cyberattack Causing Major US Pipelines to Close

  

  Crude prices rose on Monday after a major cyberattack that shut down important fuel supply pipelines in the United States and underscored the fragility of its oil infrastructure. Prior to the opening of European markets, Brent crude rose 57 cents, equivalent to 0.8%, to $68.85 a barrel, after rising 1.5% …

  Read More »
• 10 May 2021 2:30 pm

  The US dollar Facing The Weak Jobs Data And Feds, Will it Continue to Decline?

  

  The dollar fell to its lowest level in more than two months against other major currencies today, Monday, after the disappointing jobs report in the United States, prompting investors to reduce their forecast of raising interest rates, while the focus turns to inflation data released this week. The United States …

  Read More »
• 10 May 2021 2:02 pm

  Ethereum Exceeds $4000

  

  The cryptocurrency Ethereum surpassed the level of four thousand dollars on Monday, reaching a new peak for the third consecutive session amid a bet on the possibility of a broadening of its use base, which supported other digital currencies as well. Bitcoin hit its highest level in three weeks, and …

  Read More »