Open Demo Account

Market Analysis

April, 2021

  • 5 April 2021 11:17 am

    Gold Prices Fall as Bonds And Stocks Rise, Supported by US Jobs Data

    Gold prices fell on Monday, April 5, as US Treasury yields rose and global stocks rose after better-than-expected jobs data in the United States fueled optimism about a rapid economic recovery. Gold was down in spot trading 0.3% to $1723.16 an ounce. US gold futures settled at $1761.20 an ounce. …

    Read More »
  • 5 April 2021 10:38 am

    Oil Prices Drop After Earlier Gains Supported by OPEC+ Decision

    US Oil (

    Oil prices fell on Monday, April 5, erasing strong gains made in the previous session, which were supported by OPEC+ decision to gradually ease some of its restrictions on production between May and July. Brent crude for June delivery fell 61 cents, equivalent to 0.9%, to $64.25 a barrel while …

    Read More »
  • 3 April 2021 3:34 am

    Ethereum Hits New All-Time High Above $2,100

    Ether, the cryptocurrency of the Ethereum blockchain platform, rose strongly on Friday reaching new record highs, supported by an increased demand for digital currencies. The second-largest digital currency in the world following Bitcoin, is trading at $2,136.14, extending its gains to about 8.27% over the past 24 hours, with weekly …

    Read More »
  • 3 April 2021 3:14 am

    Treasury Yields Rise on Positive Employment Data

    Strong jobs data and the subsequent decline in unemployment in the United States led to a rise in the U.S. Dollar (USD) and Treasury yields on Friday. The benchmark 10-year U.S. Treasury bond yield rose by about 3.5 basis points to 1.714%, but remained below its highest level in 14 …

    Read More »
  • 3 April 2021 3:06 am

    Bitcoin Record-Breaking Surge Increases Demand for Digital Yuan

    The recent surges in the price of Bitcoin has spurred increased demand for the Chinese digital Yuan, according to the Chinese central bank, CNBC reported. Many central banks around the world are contemplating the idea of issuing a digital version of their currencies amid an increased demand for digital and …

    Read More »
  • 2 April 2021 8:32 pm

    DXY Maintaining Marginal Rise

    The U.S. Dollar (USD) is showing a fluctuating performance on Friday, which is an official holiday for markets in the United States as it coincides with Good Friday. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.09% at …

    Read More »
  • 2 April 2021 7:17 pm

    U.S. Unemployment Rate Declines to 6% in March

    The Unemployment rate in the United States declined to 6% in March, from 6.2% in February, after the economy added 916,000 jobs last month, according to data by the U.S. Bureau of Labor Statistics. Taking into account those who are classified as employed but are absent from work, the unemployment …

    Read More »
  • 2 April 2021 5:26 pm

    US Average Hourly Income Declines in March

    The average per capita hourly income of all employees in the private non-farm sector in the United States decreased by 4 cents, or 0.1%, over the month to $29.96 in March of 2021, after an upwardly revised 0.3% increase in February, and against expectations. The market gained 0.1%. This is …

    Read More »
  • 2 April 2021 4:46 pm

    US Nonfarm Payrolls Surge by 916,000 in March

    Nonfarm Payrolls (NFP) in the US rose by 916,000 in March, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed February’s increase of 468,000 (revised from 379,000) and came in much better than the market expectation of 647,000.

    Read More »
  • 2 April 2021 4:24 pm

    Car Sales in Turkey Rose 93% Year-on-Year in March

    Turkey’s Auto Distributors Association said sales of passenger cars and light commercial vehicles in the country rose 92.8% year on year in March to 96,428 units. The association added that from January to March, sales increased 59.7% year on year. Errol Shaheen, director at EBS auto marketing consultancy, said the …

    Read More »
  • 2 April 2021 3:18 pm

    Italy Posted a Deficit of 5.2% of GDP in Q4

    The Italian National Institute of Statistics said that Italy’s budget balance has shifted to recording a deficit of 5.2% of GDP in the Q4 of last year, compared to a surplus of 1.9% in the same period of 2019. The institute stated that over the whole year, the deficit recorded …

    Read More »
  • 2 April 2021 2:37 pm

    Russian Ruble Rises 0.3% Against US Dollar After OPEC+ Decision

    Russia

    The Russian ruble rose to 76 against the dollar in tepid trading on Friday, recovering from its lowest level in a week reached the previous day, after the OPEC+ group, which includes the world’s major oil producers, agreed to ease production cuts. The ruble rose 0.3% against the dollar to …

    Read More »
  • 2 April 2021 1:39 pm

    Bloomberg – Russian Oil Production Rises in March

    Russia’s output of crude and condensate rose to 43.34 million tons in March, thanks to the more generous OPEC and its allies (OPEC+) quota, Bloomberg reports, citing preliminary data from the Energy Ministry’s CDU-TEK unit.

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends