Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 15 April 2021 12:00 am

  NYSE Mixed at Close but S&P 500 Scores Another Record High

  

  The New York Stock Exchange (NYSE) finished Wednesday trading session on a mixed note. A rise in Treasury bond yields and the release of the Federal Reserve’s Beige Book, which lowered expectations for economic growth this spring, pressured stocks, especially the tech sector. Moreover, the Beige Book expected a rise …

  Read More »
• 14 April 2021 11:45 pm

  Oil Closes at Highest Level in a Month

  

  Oil prices continued to rise in Wednesday, supported by the improved outlook demand from the International Energy Agency (IEA), which raised expectations for global demand for crude this year by 230,000. The IEA expects a 5.7 million-barrel a day growth in the global demand for oil in 2021 compared with …

  Read More »
• 14 April 2021 11:30 pm

  Germany’s Economic Growth Forecasts to Be Revised Lower

  

  Forecasts for Germany’s economic growth for this year are expected to be revised lower to 3.7% from 4.7%, Reuters reported citing sources in German economic institutes. The move comes amid preventive measures against the coronavirus pandemic and lockdowns taking longer than previously expected. Meanwhile, the estimated growth rate for 2022 …

  Read More »
• 14 April 2021 11:15 pm

  Russian Central Bank Expecting Easing Inflation

  

  The Central Bank of Russia said on Wednesday that it expects inflation rate to gradually decline from its 5.8% peak this month. Last month, consumer prices in Russia recorded their biggest increase since 2016. Accordingly, the Russian central bank decided in March to raise its main interest rate to 4.5%.

  Read More »
• 14 April 2021 11:00 pm

  Gold Closes Lower Pressured by Treasury Yields

  

  Gold prices finished lower on Wednesday, due to a rise in U.S. Treasury bond yields, abolishing all of yesterday’s gains and settling below $1,740 an ounce. A decline by the U.S. Dollar (USD) across the board might have limited the yellow metal’s losses, which might have expanded as Bitcoin exceeded …

  Read More »
• 14 April 2021 10:49 pm

  European Stocks Close Mostly Lower on Positive Earnings Reports

  

  European stocks closed mostly higher on Wednesday, amid investors’ optimism about earnings reports. The STOXX Europe 600 index rose by 0.22% to close at 436.71 points. Meanwhile, the UK’s FTSE100 finished higher by 0.71% with expectations for easing lockdowns. In France, the benchmark index CAC40 rose by 0.40%. On the …

  Read More »
• 14 April 2021 7:51 pm

  Coinbase Foresees Strong Stock Market Debut

  

  Coinbase Global Inc witnessed a strong debut on the stock market on Wednesday, reaching a valuation of around $91 billion. Today marked the Cryptocurrency exchange debut on the Nasdaq, which indicated to open at a share price of $350-355, compared with a a reference price of $250. Listing the company …

  Read More »
• 14 April 2021 6:15 pm

  Fed’s Kaplan: Full Employment Will Need Some Time

  

  President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Wednesday that it will be a while before the United States reaches full employment. However, Kaplan said that the Fed should start reducing what he sees as extraordinary measures, “at the first opportunity once we’ve reached, and are …

  Read More »
• 14 April 2021 4:40 pm

  U.S. Records Higher Prices of Imports and Exports in March

  

  Import prices in the United States increased by 1.2% during March, signaling another rise in inflation rates, data by the U.S. Department of Labor showed on Wednesday. This marker the fifth consecutive monthly rise in import prices, which increased by 6.9% on an annual basis, recording its biggest increase since …

  Read More »
• 14 April 2021 3:39 pm

  Currencies Overview: Dollar Near Its Lowest Level in a Month

  

  The dollar settled near its lowest level in a month on Wednesday as strong demand in a US bond auction led to a broad drop in Treasury yields and curtailed the interest rate advantage that the greenback enjoyed against other major currencies. In early trading in London, the dollar rose …

  Read More »
• 14 April 2021 3:37 pm

  Dogecoin Reaches an All-Time High

  

  The coin that has made the cryptocurrency market so hype thanks to the tweets of auto giant Tesla founder appears to have usually woken up. Like all other digital currencies that benefit from the upcoming offering of Coinbase today on the Nasdaq market, however, the matter was very interesting with …

  Read More »
• 14 April 2021 2:06 pm

  EU Commission Unveils Plan to Raise up to EUR800 Billion to Fund The Recovery

  

  The European Union (EU) Budget Commissioner Johannes Hahn unveiled on Wednesday, a strategy to raise up to EUR800 billion in debt for recovery fund, which is expected to be repaid by 2058. “EU to use a diversified funding strategy to raise as much as EUR800 billion until 2026.” “Borrowing to …

  Read More »
• 14 April 2021 2:05 pm

  Eurozone Industrial Production Drops by 1% in February

  

  Eurozone’s Industrial Production in Germany showed a lesser-than-expected decrease in February, the official data published by Eurostat showed on Wednesday, suggesting that the recovery in the manufacturing sector is far from gaining traction. The industrial output in the bloc arrived at -1.0% MoM vs. a 1.1% drop expected and 0.8% …

  Read More »