Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 8 April 2021 5:17 pm

  US: Weekly Initial Jobless Claims rise to 744K

  

  There were 744,000 initial claims for unemployment benefits in the US during the week ending April 3, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 728,000 (revised from 719,000) and came in worse than the market expectation of …

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• 8 April 2021 4:02 pm

  ECB Meeting Accounts: ECB to Maintain Accommodative Policy

  

  The European Central Bank’s (ECB) policymakers reassured that they will maintain an accommodative monetary policy for as long as necessary and saw no risk of overheating, the ECB’s March Monetary Policy Meeting Accounts showed on Thursday.

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• 8 April 2021 3:26 pm

  Currencies Overview: The Dollar Steady Near Lowest Level in Two Weeks

  

  During trading, the US dollar approached its lowest level in more than two weeks against the major counterpart currencies on Thursday, April 8th, to track low Treasury yields, after the minutes of the March Federal Reserve policy meeting did not provide new incentives to determine the market direction. The meeting …

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• 8 April 2021 2:49 pm

  ECB’s Lagarde: Euro Area Activity Should Pick Up

  

  Pandemic and related containment measures will continue to adversely affect Euro area economic activity in the short term, says the ECB President Christine Lagarde at the 43rd IMFC meeting. “Beyond the short term, Euro area activity should pick up.”“The risks surrounding the Euro area growth outlook have become more balanced.”“Underlying …

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• 8 April 2021 2:07 pm

  FAO: The Global Food Price Index Rose in March For The Tenth Month in a Row

  

  The Food and Agriculture Organization of the United Nations (FAO) stated that global food prices rose for the tenth consecutive month in March, reaching their highest levels since June 2014, led by jumps in the prices of vegetable oils, meat and dairy products. The FAO Food Price Index, which measures …

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• 8 April 2021 1:32 pm

  German Industrial Orders Rise on Strong Domestic Demand in February

  

  Data showed that German industrial orders rose for the second consecutive month in February, driven by strong domestic demand, in another indication that manufacturers are about to cushion the impact of the pandemic-related decline in production in general in the first quarter. But the growth prospects for Europe’s largest economy …

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• 8 April 2021 12:46 pm

  Oil Falling After US Gasoline Stocks Rose, Contrary to Expectations

  

  Oil prices fell on Thursday, April 8th, after official data revealed that US gasoline stocks rose significantly, raising concerns about weak demand in the world’s largest consumer of crude at a time when supplies rose around the world. Brent crude fell 51 cents, or 0.8%, to $ 62.65 a barrel. …

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• 8 April 2021 12:25 pm

  European Shares at All-Time High and Mining at Forefront

  

  European stocks hit record highs Thursday, April 8, thanks to optimism about a stimulus-driven global economic recovery after the US Federal Reserve pledged to keep monetary policy soft. The European Stoxx600 index rose 0.5%, to consolidate the gains it made this week when it wiped out all the losses driven …

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• 8 April 2021 11:40 am

  Germany Records 20,407 New Cases of Coronavirus

  

  Data from the Robert Koch Institute for Infectious Diseases on Thursday showed that the number of confirmed cases of Coronavirus in Germany has risen to two million and 930,852 cases after 20,407 new infections were recorded. The data also showed an increase in the number of deaths to 77,707, after …

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• 8 April 2021 11:36 am

  XAU/USD Near Two-Week Peaks

  

  Gold rose and reached peaks during the early European session today, with the bulls making a fresh attempt to break a strong barrier near $1.745-46. After falling yesterday, the yellow metal managed to regain some positive momentum on Thursday and the US dollar tried to take advantage of the modest …

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• 8 April 2021 11:30 am

  Japan Shares Drop Due to Coronavirus Fears

  

  Japanese shares fell on Thursday, April 8, as they came under pressure from a rise in domestic infections with the Coronavirus and the possible return of restrictions on economic activity. The Nikkei index fell 0.07% to 29,708.98 points, while the broader Topix index fell 0.79% to 1,951.86 points. The Tokyo …

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• 8 April 2021 10:50 am

  The Group of Twenty strengthens IMF reserves and extends the freeze on debt service payments

  

  According to a statement from the Group of Twenty, global financial leaders agreed on Wednesday (April 7) to increase the International Monetary Fund’s reserves of $ 650 billion and extend a freeze on debt service payments aimed at helping developing countries confront the Coronavirus pandemic. The group’s finance ministers and …

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• 8 April 2021 4:11 am

  USD and Wall Street Rise Following Fed’s Meeting Minutes

  

  The U.S. Dollar (USD) rebounded on Wednesday, following the release of the latest Federal Reserve meeting minutes, as Treasury bond yields rose. This led the greenback to recover from its lowest level in about two weeks and achieve daily gains. The Dollar Index (DXY), which measures the greenback’s performance against …

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