Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 19 April 2021 2:26 pm

  The Eurozone Current Account Surplus Shrank in February

  

  The European Central Bank reported Monday that the euro zone’s current account surplus narrowed in February due to a decline in net exports of goods and services. The bloc, which includes 19 euro-trading nations, recorded a current account surplus of 25.9 billion euros in February, down from 34.7 billion in …

  Read More »
• 19 April 2021 1:41 pm

  Oil Falling as Demand Fears Increase Due to High Rate of Corona Cases

  

  Oil prices fell on Monday, as the increase in coronavirus cases in India and other countries raised fears of stronger measures to contain the pandemic that would affect economic activity and demand for basic commodities such as crude. Brent crude was down 23 cents, or 0.3%, to $ 66.54 a …

  Read More »
• 19 April 2021 1:39 pm

  European Stocks at an Unprecedented Peak Supported by The Auto Sector

  

  European stocks rose on Monday, extending their rise to unprecedented levels, as optimism about a strong start to the business results season offsets worries about a return to the global incidence of COVID-19 cases. The pan-European STOXX 600 index rose 0.1%, the fifth consecutive session of gains, while a euro-zone …

  Read More »
• 19 April 2021 12:55 pm

  Japan’s Exports Increased 16.1% in March YoY

  

  Data from Japan’s Finance Ministry showed on Monday that the country’s exports jumped 16.1% in March compared to the same period a year ago, as demand for goods recovered from low levels reached last year due to the pandemic. The reading compares with an 11.6 increase that economists had forecast …

  Read More »
• 19 April 2021 12:54 pm

  Gold Rises as Demand Increases Due to The Fall of The Dollar And Bond Yields

  

  The gold rose on Monday, hovering near a seven-week high it reached in the previous session, as prices were supported by the drop in the dollar and the decline in US Treasury bond yields. Spot gold rose 0.1% to $1777.65 an ounce, after hitting its highest level since February 25 …

  Read More »
• 19 April 2021 12:52 pm

  Japan’s Topix Closes Lower as Corona Worries Overshadow Gains in Chip Stocks

  

  Japan’s TOPIX reversed direction to close lower on Monday, while the Nikkei was little changed on concerns about mounting COVID-19 infections, overshadowing gains in chip-related stocks. The broader TOPIX index fell 0.22% to close at 1956.56 points, while the Nikkei index trimmed its gains to close, up 0.01% to 29,685.37 …

  Read More »
• 17 April 2021 3:34 am

  Weekly Recap: 12-16 April

  

  The second week of April was highlighted by strong economic data that showed increased signs of a global recovery from the negative impacts of the coronavirus pandemic. Such recovery signs helped improve risk appetite among investors, which reflected positively on many assets. On the other hand, rising tensions between the …

  Read More »
• 17 April 2021 2:00 am

  Fed’s Waller Echoes Powell’s Inflation Forecasts

  

  The United States Federal Reserve Governor Christopher Waller, the newest member to join the Fed’s board, said on Friday the U.S. economy will see strong performance this year as the economy reopens and more people gets vaccinated. “I think the economy is ready to rip. Everyone is getting a lot …

  Read More »
• 17 April 2021 1:54 am

  Oil Logs Best Weekly Rise in a Month

  

  Oil prices declined on Friday falling to keep a perfect score this week after rising for four consecutive sessions, thus limiting their weekly gains. Brent crude futures for June delivery lost 17 cents, or 0.3%, to finish at $66.77 per barrel, registering a weekly rise of 6.1%. Meanwhile, the West …

  Read More »
• 17 April 2021 1:18 am

  Gold Futures Post Best Weekly Gains in 2021

  

  Gold prices rose on Friday for the second consecutive session to expand their strong weekly gains. A fluctuating performance by the U.S. Dollar (USD) and a decline in Treasury bond yields helped the yellow metal notch its biggest weekly rise since the beginning of the year. Gold futures for June …

  Read More »
• 17 April 2021 12:29 am

  European Stocks Achieve Longest Weekly Gains Streak in Three Years

  

  European stocks maintained its rally on Friday to new record highs, finishing the week with another positive performance on the back of strong economic data and recovery signs. The STOXX Europe 600 index rose by 0.9% to settle at a new all-time high of 442.20 points. The auto sector, which …

  Read More »
• 16 April 2021 11:30 pm

  U.S. Oil Rigs Rise by Seven This Week

  

  The number of active rigs drilling for crude oil in the United States increased by seven to reach a total count of 344 this week, according to data by Baker Hughes reported on Friday. With natural gas rigs unchanged, the total rig count went up by seven rigs to 439.

  Read More »
• 16 April 2021 6:40 pm

  U.S. Consumer Sentiment Improves in April

  

  The U.S. Index of Consumer Sentiment rose by 1.9% this month to 86.5 from 84.9 in March, and by 20.5% on an annual basis compared with its level in April 2020, data by the University of Michigan showed on Friday. The Current Economic Conditions Index also increased by 4.5% to …

  Read More »