Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 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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• 23 April 2021 11:17 pm

  DXY Continues to Decline Despite Positive Data

  

  The U.S. Dollar (USD) is declining on Friday, nearing another weekly loss, despite data showing more progress in the economic recovery from the impacts of the coronavirus pandemic. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies is down by 0.52% at 90.86. …

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• 23 April 2021 10:30 pm

  U.S. Oil Rigs Decline for First Time Since March

  

  The number of active rigs drilling for crude oil in the United States declined this week, for the first time since March, despite rising oil prices encouraging a rise in production. Oil rigs decreased by a single rig to reach 343, while natural gas rigs maintained their level of last …

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• 23 April 2021 4:17 pm

  Currencies Overview: Bitcoin Falling And Dollar Stumbling as Dealers Reassess Timing of Reducing Bond Purchases

  

  The dollar was confined to a tight trading range near a multi-week low against the major counterpart currencies Friday, April 23rd, as traders contemplate the next steps of major central banks ahead of a meeting of the US Federal Reserve next week. And the euro incurred losses after Christine Lagarde, …

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• 23 April 2021 3:15 pm

  Egypt And Russia Agree to Resume Air Traffic, Including Hurghada And Sharm El-Sheikh

  

  The Egyptian presidency said in a statement that Egypt and Russia agreed to resume all flights between the two countries during a call between President Abdel Fattah El-Sisi and Vladimir Putin. “It was agreed to resume full air traffic between the airports of the two countries, including Hurghada and Sharm …

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• 23 April 2021 2:41 pm

  Eurozone Recovery Accelerates in April as Services Return to Growth

  

  A survey revealed that the eurozone’s recovery from the pandemic-induced economic downturn was much stronger than expected in April as the bloc’s dominant service sector ignored renewed lockdowns and saw a sudden return to growth. As the continent faces a new wave of infections with the Coronavirus, governments have re-imposed …

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