Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 11 May 2021 1:27 pm

  Inflation Worries Push European Stocks Lower

  

  European stocks fell from their peak on Tuesday, and technology, travel and mining stocks were among the biggest losers after concerns about high inflation in the United States drove US indexes down. The pan-European STOXX 600 index fell 1.6% after hitting a record high on Monday. Sentiment deteriorated globally after …

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• 11 May 2021 12:45 pm

  Oil Falling Due to Receding Fears of Pipeline Disruptions

  

  Oil prices declined today as fears of a long-term disruption to the Colonial Pipeline system of energy pipelines, the largest in the United States, diminished, while some US Gulf Coast refiners reduced production. US West Texas Intermediate crude futures fell 61 cents, equivalent to 0.94%, to $64.31 a barrel, after …

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• 11 May 2021 5:47 am

  Colonial Ransomware Attack Raises Questions about Cybersecurity

  

  A cyberattack on a major gasoline pipeline in the United States has been identified as a ransomware attack, which means that the aim of the attackers is likely to receive money and not perpetuating a political message or cause instability in the American energy sector. The attackers, a group called …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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