Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 6 April 2021 12:16 pm

  Oil Recovering Thanks to Strong Economic Data and Bargain Hunting

  

  Oil prices rose on Tuesday, April 6 as investors looked to chase bargains following a drop the previous day due to higher OPEC+ production, while prospects for recovery improved thanks to strong economic data from the United States and China. By 06:46 GMT, Brent crude futures rose 78 cents, or …

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• 6 April 2021 2:35 am

  Wall Street Closes at New Record Highs on Economic Data

  

  The New York Stock Exchange (NYSE) closed higher on Monday, with main indices reaching all-time record highs, supported by positive economic data. In the first session of the week, the Dow Jones Industrial Average and the S&P 500 indices closed at new record levels, due to the improved investors’ sentiment …

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• 6 April 2021 2:11 am

  Fed’s Mester Expects Strong Recovery in H2

  

  President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the outlook for the U.S. is improving, expecting the Fed to keep its current policies to support economic growth. “I’m thinking that we’ll see a very strong second half of the year, but we are still …

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• 6 April 2021 1:35 am

  Oil Closes Sharply Lower amid Expected Rise in Market Supplies

  

  Oil prices declined on Monday, amid expectations for an increase in market supplies, following the decision by the OPEC+ alliance to gradually ease output curbs starting next month. In addition, despite positive signs for a strong economic recovery as recent data suggests, investors are showing concerns regarding the third wave …

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• 6 April 2021 1:28 am

  Gold Finishes with Marginal Gains

  

  Gold prices showed a mixed performance on Monday, finishing the first session of the week on the positive side with marginal gains, recovering from earlier daily losses. Despite a decline in the demand for safe havens, amid an improved risk appetite among investors, supported by the recent economic data that …

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• 6 April 2021 1:19 am

  USD Declines as Risk Appetite Improves

  

  The U.S. Dollar (USD) declined on Monday against its major rivals, as positive economic data encouraged risk appetite and reduced demand for safe havens. Accordingly, the greenback turned to the negative side in favor of riskier assets. The Dollar Index (DXY), which measures the USD’s performance against a basket of …

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• 5 April 2021 9:56 pm

  Yellen Calls for Global Minimum Corporate Tax Rate

  

  The United States Treasury Secretary Janet Yellen has called upon G20 countries to coordinate tax policies. Yellen said on Monday that she is collaborating with G20 countries to reach an agreement on the minimum rate of corporate taxes globally, after a three-decade race to the bottom on corporate tax rates …

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• 5 April 2021 8:16 pm

  Wall Street’s Dow Jones and S&P 500 Surge to New Record Highs

  

  Major indices of the New York Stock Exchange (NYSE) surged in early Monday trade to new record highs, supported by the recent strong employment data and positive sentiment in Wall Street towards signs for recovery from the Coronavirus pandemic. The Dow Jones Industrial Average is up by about 402 points, …

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• 5 April 2021 8:04 pm

  U.S. Factory Orders Drop in February

  

  New orders for goods manufactured in the United States decline during February, data showed on Monday. Factory orders fell by 0.8% in February, following a 2.7% rise in January, according to the U.S. Department of Commerce. The cold weather, resulting from a recent winter storm that hit southern parts of …

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• 5 April 2021 7:58 pm

  U.S. Services PMI Expands in March – IHS Markit

  

  Business activity in the United States services sector showed a positive performance in March, according to recent Purchasing Managers’ Index (PMI) data by. The seasonally adjusted final IHS Markit U.S. Services PMI Business Activity Index registered 60.4 in March, up from 59.8 in February, recording an improved reading compared with …

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• 5 April 2021 7:51 pm

  ISM Non-Manufacturing Index Surges to All-Time High in March

  

  The activity of the services sector in the United States surged to a record high in March, supported by the growth of new orders, as the economy continues to recover from the impact of the Coronavirus pandemic. The ISM Non-Manufacturing Index rose to a reading of 63.7 last month, its …

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• 5 April 2021 4:48 pm

  Italy Records More Than 18 Thousand New Cases of Corona

  

  The Italian Ministry of Health said that it recorded 326 deaths from the Coronavirus today, Sunday, compared to 376 yesterday, while the daily number of new infections decreased to 18 thousand and 25 from 21 thousand and 261. Italy has recorded 111 thousand and 30 deaths from the virus since …

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• 5 April 2021 4:15 pm

  Oil Dropping Below $64 Under Pressure From Increased Production From OPEC+ And Iran

  

  Oil prices fell below $64 a barrel today, Monday, as the impact of rising supplies from OPEC+ and increasing Iranian production was overshadowed by signs of a strong economic recovery in the United States and broader expectations for a recovery in demand in 2021. The Organization of the Petroleum Exporting …

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