Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 6 April 2021 11:49 pm

  Oil Settles 1% Higher on Positive Recovery Signs

  

  Crude oil prices rose on Tuesday, supported by signs of economic recovery and positive expectations for the global economy this year. Recent economic data in the U.S. and China, the biggest two economic in the world, signaled a recovery from the negative impacts from the pandemic. In addition, the International …

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• 6 April 2021 11:01 pm

  Gold Settles at Five-Week High

  

  Gold prices rose on Tuesday for the fourth consecutive session, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields, nearing a return to the $1,750 level and closing at its best level in about five weeks. The yellow metal futures for June delivery gained $14.20, or …

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• 6 April 2021 9:58 pm

  European Stocks Hit New Record High

  

  European stocks finished at a record high on Tuesday, as trading resumed following the Easter holiday, supported by an improved sentiment for recovery from the Coronavirus pandemic and recent positive economic data. The STOXX Europe 600 index surged to a new all-time high of 435.26 points, ending the session about …

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• 6 April 2021 9:45 pm

  Growing U.S. Public Debt not Sign for Concern: IMF

  

  Chief Economist at the International Monetary Fund (IMF), Gita Gopinath, said on Tuesday that the growing public debt in the United States, due to increased spending is not a sign for major concern, Reuters reported. Gopinath told reporters that the U.S. is in a better position to deal with the …

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• 6 April 2021 9:30 pm

  Global Economy to Recover with Best Growth since 1970s: IMF

  

  Developed economies are recovering from the pandemic at a better pace than previously estimated, according to the International Monetary Fund (IMF). The unprecedented high levels of public expenditure to combat the coronavirus pandemic is pushing the global economy towards a strong recovery. The IMF expects the global economy will grow …

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• 6 April 2021 9:16 pm

  USD Continues to Decline Abolishing Earlier Gains

  

  The U.S. Dollar (USD) continued to decline on Tuesday since the beginning of today’s American session, after registering some gains and fluctuations during the Asian and European trading hours. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.21% …

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• 6 April 2021 8:02 pm

  Yellen Warns Against Withdrawing Economic Support Too Quickly

  

  The United States Treasury Secretary, Janet Yellen, said on Tuesday that a strong economic recovery in the U.S. would help overall global growth, Reuters reported. More work is needed to deal with the vulnerabilities that the pandemic has shown, especially in the non-banking financial sector, as well as the global …

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• 6 April 2021 6:22 pm

  US: JOLTS Job Openings Rise to 7.4 Million in February

  

  The number of job openings on the last business day of February was 7.4 million, the US Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This reading came in higher than the market expectation of 6.9 million.

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• 6 April 2021 6:02 pm

  NZD/USD Trimmed Gains

  

  The New Zealand Dollar (NZD) witnessed huge losses on Monday, as the US Dollar (USD) rebounded as Investors are turning to safety. After rising to its higher level in a year and a half by the end of last week, the NZD/USD pair erased its gains earlier today. This is …

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• 6 April 2021 4:54 pm

  IMF Raises Global Growth Outlook to 6% in 2021

  

  The International Monetary Fund announced Tuesday that it raised its outlook for global economic growth to 6% this year from 5.5% in January’s forecasts, as reported by Reuters. “IMF 2021 forecast would mark fastest global growth pace since 1976 led by strong US rebound.”“IMF raises US 2021 growth outlook by …

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• 6 April 2021 4:08 pm

  The British Government Gives The Green Light to Open Parts of The Economy on April 12th

  

  As planned by the British government, parts of the country’s economy will reopen next Monday, the 12th of April, while vaccination operations will continue. Prime Minister Boris Johnson said that the government has given the green light to reopen non-essential stores, gyms, outdoor hospitality venues, and hair salons for the …

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• 6 April 2021 3:01 pm

  Eurozone: Unemployment Rate Beats Expectations

  

  The seasonally adjusted unemployment rate in the euro area came at 8.3% in February 2021, higher than market expectations of 8.1% and higher than 7.3% the previous year. The number of unemployed increased by 48,000 compared to the previous month to 13.571 million. The youth unemployment rate, which measures job …

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• 6 April 2021 2:10 pm

  RBA Keeps OCR Steady at a Record Low of 0.10% in April

  

  Following the conclusion of its April monetary policy meeting, the Reserve Bank of Australia board members decided to keep the official cash rate (OCR) unadjusted at a record low of 0.10%. The RBA maintained its target of 10 basis points for yield on a 3-year Australian government bond. The central …

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