Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 6 April 2021 4:54 pm

  IMF Raises Global Growth Outlook to 6% in 2021

  

  The International Monetary Fund announced Tuesday that it raised its outlook for global economic growth to 6% this year from 5.5% in January’s forecasts, as reported by Reuters. “IMF 2021 forecast would mark fastest global growth pace since 1976 led by strong US rebound.”“IMF raises US 2021 growth outlook by …

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• 6 April 2021 4:08 pm

  The British Government Gives The Green Light to Open Parts of The Economy on April 12th

  

  As planned by the British government, parts of the country’s economy will reopen next Monday, the 12th of April, while vaccination operations will continue. Prime Minister Boris Johnson said that the government has given the green light to reopen non-essential stores, gyms, outdoor hospitality venues, and hair salons for the …

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• 6 April 2021 3:01 pm

  Eurozone: Unemployment Rate Beats Expectations

  

  The seasonally adjusted unemployment rate in the euro area came at 8.3% in February 2021, higher than market expectations of 8.1% and higher than 7.3% the previous year. The number of unemployed increased by 48,000 compared to the previous month to 13.571 million. The youth unemployment rate, which measures job …

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• 6 April 2021 2:10 pm

  RBA Keeps OCR Steady at a Record Low of 0.10% in April

  

  Following the conclusion of its April monetary policy meeting, the Reserve Bank of Australia board members decided to keep the official cash rate (OCR) unadjusted at a record low of 0.10%. The RBA maintained its target of 10 basis points for yield on a 3-year Australian government bond. The central …

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• 6 April 2021 1:26 pm

  Currencies Overview: The Dollar Falling With The Decline in US Bond Yields

  

  The dollar settled near its lowest level in nearly two weeks against a basket of counterpart currencies, tracking the decline in US Treasury bond yields from their recent peak, despite signs of a strong economic recovery in the United States. The dollar index fell to 92.527 in the Asian session, …

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• 6 April 2021 12:53 pm

  European Stoxx600 Index Reaches a Record High on Optimism For Global Recovery

  

  The European index reached a record high on Tuesday, April 6, to compensate for all the losses incurred by the pandemic as investors bet on a rapid global economic recovery, stimulated by massive stimulus spending and immunization campaigns against Covid-19. European dealers returned to the market after a long holiday …

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• 6 April 2021 12:32 pm

  The World Bank President Expects G20 to Extend Its Initiative to Freeze Debt Payments Until End of 2021

  

  World Bank President David Malpass said Monday that he expects China, the United States, and other major economies in the Group of Twenty to extend the freeze on bilateral debt service payments until the end of 2021 when it meets next week. Malpass told reporters that the G20 initiative to …

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• 6 April 2021 12:16 pm

  Oil Recovering Thanks to Strong Economic Data and Bargain Hunting

  

  Oil prices rose on Tuesday, April 6 as investors looked to chase bargains following a drop the previous day due to higher OPEC+ production, while prospects for recovery improved thanks to strong economic data from the United States and China. By 06:46 GMT, Brent crude futures rose 78 cents, or …

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• 6 April 2021 2:35 am

  Wall Street Closes at New Record Highs on Economic Data

  

  The New York Stock Exchange (NYSE) closed higher on Monday, with main indices reaching all-time record highs, supported by positive economic data. In the first session of the week, the Dow Jones Industrial Average and the S&P 500 indices closed at new record levels, due to the improved investors’ sentiment …

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• 6 April 2021 2:11 am

  Fed’s Mester Expects Strong Recovery in H2

  

  President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the outlook for the U.S. is improving, expecting the Fed to keep its current policies to support economic growth. “I’m thinking that we’ll see a very strong second half of the year, but we are still …

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• 6 April 2021 1:35 am

  Oil Closes Sharply Lower amid Expected Rise in Market Supplies

  

  Oil prices declined on Monday, amid expectations for an increase in market supplies, following the decision by the OPEC+ alliance to gradually ease output curbs starting next month. In addition, despite positive signs for a strong economic recovery as recent data suggests, investors are showing concerns regarding the third wave …

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• 6 April 2021 1:28 am

  Gold Finishes with Marginal Gains

  

  Gold prices showed a mixed performance on Monday, finishing the first session of the week on the positive side with marginal gains, recovering from earlier daily losses. Despite a decline in the demand for safe havens, amid an improved risk appetite among investors, supported by the recent economic data that …

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• 6 April 2021 1:19 am

  USD Declines as Risk Appetite Improves

  

  The U.S. Dollar (USD) declined on Monday against its major rivals, as positive economic data encouraged risk appetite and reduced demand for safe havens. Accordingly, the greenback turned to the negative side in favor of riskier assets. The Dollar Index (DXY), which measures the USD’s performance against a basket of …

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