Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 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% …

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• 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 …

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• 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 …

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• 10 May 2021 1:30 pm

  European Shares Hit New Highs Thanks to Mining Gains

  

  European stocks continued to rise to unprecedented levels today, Monday, thanks to optimism about the resumption of economic activities, while the policy of monetary easing contributed to the rise of sectors linked to the economic cycle, including the shares of mining companies and the financial sector.. The pan-European STOXX 600 …

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• 10 May 2021 12:59 pm

  Japan Shares Closing Higher as Attention Shifts to Corporate Earnings

  

  Japanese stocks gained on Monday, as the strong closure of Wall Street last week boosted risk appetite, while investors awaited the results of the businesses of carmakers and other major companies for signs of progress in the economy hit by the pandemic. The Nikkei index rose 0.55% to close at …

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• 10 May 2021 12:30 pm

  Gold Approaching a 3-Month High With Enhanced Prospects For Keeping Interest Rates Low

  

  Gold prices rose on Monday, approaching a three-month high they reached last week, after weaker-than-expected job data in the United States supported hopes that interest rates would remain low for some time, which boosted appetite for the metal. By the close of the Tokyo Stock Exchange, spot gold rose 0.2% …

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• 10 May 2021 8:08 am

  Weekly Recap: 3-7 May

  

  Last week was full of Data and statements. The US dollar’s decline in favor of risk assets has dominated the markets last week after economic data and monetary policy decisions. US Dollar The week was full of events that led to a noticeable decline in the price of the US …

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• 8 May 2021 12:15 am

  Oil Futures Register Weekly Gains

  

  Oil prices rose on Friday, on the back of positive expectations about demand recovery, despite the weaker than expected April jobs report in the United States. The surging number of new cases of the coronavirus (COVID-19) in India, a major importer of crude oil, are being balanced by easing travel …

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• 7 May 2021 11:45 pm

  Gold Settles at Three-Month High Following Jobs Report

  

  Gold prices rose on Friday, reaching their highest closing level in nearly three months, amid increased demand for safe-haven assets following the release of a relatively disappointing jobs report in the United States. In addition, the U.S. Dollar’s (USD) decline provided more support to the yellow metal. Gold futures for …

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• 7 May 2021 11:00 pm

  Goldman Sachs is Trading Bitcoin Derivatives

  

  Goldman Sachs is reportedly creating a new cryptocurrency trading desk, according to an internal memo first cited by CNBC. The desk has successfully traded two Bitcoin-linked derivatives, as per the cited memo, which was distributed on Thursday to the bank’s markets staff. The idea has been considered since 2017, when …

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• 7 May 2021 10:07 pm

  European Stocks Close Friday at New Record High

  

  European stocks finished higher on Friday, supported by an improved investors’ sentiment due to positive economic data and earnings reports. The STOXX Europe 600 index rose by 0.9%, closing the week at a new record high of 444.93 points, as the tech sector gained 2.1%. For the week, the pan-European …

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• 7 May 2021 9:10 pm

  U.S. Rig Count Reaches Highest Level in a Year

  

  The number of active rigs drilling for crude oil and natural gas in the United States increase for the second consecutive week, according to data by Baker Hughes released on Friday. The total rig count rose by eight to 448 during the week ended May 7, reaching its highest level …

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• 7 May 2021 8:00 pm

  Canada’s Ivey PMI Slows in April

  

  Economic activity in Canada continued to expand during April but a slower pace compared with its highest level in 10 years, which was recorded in March, data showed on Friday. The seasonally adjusted Ivey Purchasing Managers Index (PMI) retreated to a 60.6 in April from a reading of 72.9 in …

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