Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 5 April 2021 1:31 pm

  UAE’s DME Launches New Trading Platform to Attract More Participants

  

  Dubai Mercantile Exchange, which lists the Oman crude futures contract, has launched a new platform that allows the trading of several the Middle East crude grades in a bid to attract more participants — nearly a month after the UAE began trading flagship Murban crude futures on a new exchange. …

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• 5 April 2021 1:00 pm

  Japanese Stocks Closed Higher on Strong US Jobs Data

  

  Japanese stocks closed higher on Monday, April 5, as strong employment data in the United States reinforced optimism about the recovery of the world’s largest economy, prompting investors to buy index-heavy stocks such as Softbank Group and Fast Retailing, in addition to shares of companies linked to the chip industry. …

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• 5 April 2021 11:43 am

  ECB’s Visco Warns That Uneven Vaccination Pace Could Threaten Global Recovery

  

  The irregular pace at which countries are carrying out their vaccination campaigns against COVID-19 poses the biggest threat to a global economic recovery, the European Central Bank Governing Council member and Italian central bank chief Ignazio Visco warned in an interview with the Financial Times. “We need to maintain close …

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• 5 April 2021 11:17 am

  Gold Prices Fall as Bonds And Stocks Rise, Supported by US Jobs Data

  

  Gold prices fell on Monday, April 5, as US Treasury yields rose and global stocks rose after better-than-expected jobs data in the United States fueled optimism about a rapid economic recovery. Gold was down in spot trading 0.3% to $1723.16 an ounce. US gold futures settled at $1761.20 an ounce. …

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• 5 April 2021 10:38 am

  Oil Prices Drop After Earlier Gains Supported by OPEC+ Decision

  

  Oil prices fell on Monday, April 5, erasing strong gains made in the previous session, which were supported by OPEC+ decision to gradually ease some of its restrictions on production between May and July. Brent crude for June delivery fell 61 cents, equivalent to 0.9%, to $64.25 a barrel while …

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• 3 April 2021 3:34 am

  Ethereum Hits New All-Time High Above $2,100

  

  Ether, the cryptocurrency of the Ethereum blockchain platform, rose strongly on Friday reaching new record highs, supported by an increased demand for digital currencies. The second-largest digital currency in the world following Bitcoin, is trading at $2,136.14, extending its gains to about 8.27% over the past 24 hours, with weekly …

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• 3 April 2021 3:14 am

  Treasury Yields Rise on Positive Employment Data

  

  Strong jobs data and the subsequent decline in unemployment in the United States led to a rise in the U.S. Dollar (USD) and Treasury yields on Friday. The benchmark 10-year U.S. Treasury bond yield rose by about 3.5 basis points to 1.714%, but remained below its highest level in 14 …

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• 3 April 2021 3:06 am

  Bitcoin Record-Breaking Surge Increases Demand for Digital Yuan

  

  The recent surges in the price of Bitcoin has spurred increased demand for the Chinese digital Yuan, according to the Chinese central bank, CNBC reported. Many central banks around the world are contemplating the idea of issuing a digital version of their currencies amid an increased demand for digital and …

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• 2 April 2021 8:32 pm

  DXY Maintaining Marginal Rise

  

  The U.S. Dollar (USD) is showing a fluctuating performance on Friday, which is an official holiday for markets in the United States as it coincides with Good Friday. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.09% at …

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• 2 April 2021 7:17 pm

  U.S. Unemployment Rate Declines to 6% in March

  

  The Unemployment rate in the United States declined to 6% in March, from 6.2% in February, after the economy added 916,000 jobs last month, according to data by the U.S. Bureau of Labor Statistics. Taking into account those who are classified as employed but are absent from work, the unemployment …

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• 2 April 2021 5:26 pm

  US Average Hourly Income Declines in March

  

  The average per capita hourly income of all employees in the private non-farm sector in the United States decreased by 4 cents, or 0.1%, over the month to $29.96 in March of 2021, after an upwardly revised 0.3% increase in February, and against expectations. The market gained 0.1%. This is …

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• 2 April 2021 4:46 pm

  US Nonfarm Payrolls Surge by 916,000 in March

  

  Nonfarm Payrolls (NFP) in the US rose by 916,000 in March, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed February’s increase of 468,000 (revised from 379,000) and came in much better than the market expectation of 647,000.

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• 2 April 2021 4:24 pm

  Car Sales in Turkey Rose 93% Year-on-Year in March

  

  Turkey’s Auto Distributors Association said sales of passenger cars and light commercial vehicles in the country rose 92.8% year on year in March to 96,428 units. The association added that from January to March, sales increased 59.7% year on year. Errol Shaheen, director at EBS auto marketing consultancy, said the …

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