Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 14 April 2021 12:29 pm

  Oil Continues to Rising But Virus Fears Dampen Gains

  

  Crude oil rose on Wednesday, April 14, after data in the sector showed that US inventories fell more than expected, while OPEC raised expectations for crude demand, but concerns about the Coronavirus and increasing supplies curbed the gains. Brent crude futures rose 85 cents, equivalent to 1.3%, to $64.52 a …

  Read More »
• 14 April 2021 12:28 pm

  Gold Stabilizing After an Early Increase as Rising US Bond Yields Offset Falling Dollar

  

  Gold prices stabilized after a rally in early trading on Wednesday, April 14th, as some increase in US Treasury yields offset the fall of the US dollar due to rising inflation. Gold settled in spot transactions at $1743.54 an ounce, after rising by as much as 0.3%. US gold futures …

  Read More »
• 14 April 2021 1:57 am

  Stocks Close Mixed Following Inflation Data

  

  The New York Stock Exchange (NYSE) closed Tuesday on a mixed note, following the release of the March reading of the U.S. inflation rate, which led to a rise in technology stocks. Treasury bond yields declined, with the benchmark 10-year U.S. Treasury bond yield falling by 5.6 basis points to …

  Read More »
• 14 April 2021 1:24 am

  Oil Gains on Outlook Recovery Expectations

  

  Oil prices rose on Tuesday, supported by the improved demand forecasts for 2021, by the Organization of the Petroleum Exporting Countries (OPEC). In addition, positive economic data in the United States and China prompted optimism about the recovery of the global economy and the demand for energy sources. The West …

  Read More »
• 13 April 2021 11:18 pm

  Gold Rises for First Time in Three Sessions

  

  Gold prices rose on Tuesday, following two consecutive daily declines, as the U.S. Dollar (USD) retreated following the release of inflation data. The yellow metal futures for June delivery gained $14.90, or 0.9%, to close at $1,747.60 per ounce. Yesterday, gold futures dropped by 0.7% to settle at their lowest …

  Read More »
• 13 April 2021 11:00 pm

  European Stocks Return to Gains Approaching Record Highs

  

  European stocks closed higher on Tuesday, near their all-time highs, amid anticipation for major economic data and earnings reports. The STOXX Europe 600 index gained 0.13% to finish at 435.80 points. Retail stocks led the gains, adding 1.6%, while the banking sector topped the losses and fell by 0.6%. The …

  Read More »
• 13 April 2021 7:36 pm

  Wall Street Mixed Following Inflation Data and Vaccine News

  

  The New York Stock Exchange (NYSE) is showing a mixed performance on Tuesday, following the release of inflation data for March and halting the distribution of the Johnson & Johnson coronavirus single-dose vaccine. The Dow Jones Industrial Average gave up a record high ad decline by around 0.26% to 33,660 …

  Read More »
• 13 April 2021 6:02 pm

  U.S. to Halt Johnson & Johnson’s vaccine

  

  Health authorities in the United States on Tuesday recommended stopping the use of the Johnson & Johnson’s coronavirus vaccine, Reuters reported. Hopes were high for the single-dose vaccine, however, it was recently reported that six females under the age of 50 years developed rare blood clots after receiving the shot. …

  Read More »
• 13 April 2021 5:32 pm

  Dollar Drops Following Inflation Data

  

  The U.S. Dollar (USD) turned to the negative side on Tuesday, following the release of the consumer price index (CPI) March reading. The CPI increased by more than expected last month, rising by 0.6% on a monthly basis and by 2.6% on an annual level. A surge in gasoline prices …

  Read More »
• 13 April 2021 4:43 pm

  US Annual Core Inflation Rises to 1.6% in March

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in March from 0.4% in February. to be updated…

  Read More »
• 13 April 2021 4:41 pm

  OPEC Raises 2021 World Oil Demand Growth Forecast

  

  In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth in 2021 to 5.95 million barrels per day from 5.89 million barrels per day in the previous report, per Reuters. “There have been sizeable drawdowns in global inventories since mid-2020 …

  Read More »
• 13 April 2021 3:48 pm

  Currencies Overview: Dollar Rises From Nearly Three-week Low as Trader Brace For Inflation Data

  

  The dollar rose from a nearly three-week low against the major rivals on Tuesday, buoyed by a surge in US Treasury bond yields, as investors awaited closely watched US inflation data, which is scheduled for release later on Tuesday. The dollar had retreated, as did US bond yields this month, …

  Read More »
• 13 April 2021 3:44 pm

  German ZEW Economic Sentiment Index Drops April

  

  The ZEW Institute for Economic Research said that investor sentiment in Germany recorded a sudden decline in April, pointing to growing concerns about the imposition of tougher isolation measures in Europe’s largest economy, reducing private consumption. The German ZEW headline numbers for April showed that the Economic Sentiment Index dropped …

  Read More »