Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 27 August 2021 6:46 pm

  Breaking: Powell Endorses Tapering Before Year-End

  

  U.S. Federal Reserve Chairman Jerome Powell said on Friday that it is likely that scaling back the asset purchases will begin before the end of the year. He did, however, rule out raising interest rates in the near future. Powell was speaking earlier at the annual Jackson Hole Economic Symposium, …

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• 27 August 2021 4:57 pm

  US: Personal Income Rises by 1.1% in July

  

  The US Bureau of Economic Analysis (BEA) reported on Friday that Personal Income expanded by 1.1% in July. This reading came in better than the market expectation of 0.2%.  Further details of the report revealed that Personal Spending, which increased by 1.1% in June, rose by 0.3% in the same …

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• 27 August 2021 4:03 pm

  The Dollar Stabilizes Amid Anticipation of Powell’s Speech at Jackson Hole Symposium

  The dollar stabilized as investors awaited a highly anticipated speech by US Federal Reserve Chairman Jerome Powell, while analysts now doubt that the central bank chief will hint at a possible date to start reducing asset purchases. The focus of the market this week is on the signals that the …

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• 27 August 2021 2:47 pm

  Gold Rises Above $ 1800 Due to The Decline in The Dollar And Demand For Safe Havens

  

  Gold prices rose above the psychologically important level of 1,800 dollars on Friday, supported by demand for safe havens and the decline of the dollar, before a speech by the President of the US Central Bank will be examined for indications of reducing stimulus. Spot gold rose 0.6% to $1,802.39 …

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• 27 August 2021 1:16 pm

  Powell’s Jackson Hole Speech: Powell Unlikely to Fire Starting Pistol For Tapering

  

  The Kansas City Fed announced it would host its 2021 Economic Policy Symposium, “Macroeconomic Policy in an Uneven Economy,” virtually on Friday, Aug. 27. The Federal Reserve Bank of Kansas City’s Economic Policy Symposium in Jackson Hole, Wyo., is one of the longest-standing central banking conferences in the world. The …

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• 27 August 2021 12:51 pm

  European Shares Decline Ahead of a Speech by The President of The US Federal Reserve

  

  European shares fell ahead of a speech due to be delivered by Federal Reserve Chairman Jerome Powell. The pan-European STOXX 600 index fell 0.2% in early trading, with the travel and leisure and banking sectors leading the declines, after they achieved gains for most of the week. Investors are focused …

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• 27 August 2021 12:18 pm

  Warnings of Storm Ida and some oil Producer Stop Their Business

  

  Tropical Storm Ida formed in the Caribbean Sea and is expected to threaten the northern Gulf Coast of the United States as a major hurricane by the end of this week, the US National Hurricane Center (NHC) said, adding that there is a possibility of hurricane-force winds, heavy rain and …

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• 27 August 2021 11:25 am

  Nikkei Trails Wall Street Lower With Caution

  

  Japan’s Nikkei index fell on Friday, in line with Wall Street’s decline Thursday night, on caution about the prospects of an earlier-than-expected reduction in the US Federal Reserve’s stimulus. The Nikkei fell 0.36% to close at 27651.51 points, but it moved away from the low level it had recorded in …

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• 27 August 2021 10:31 am

  Oil Gains Halts Due to Increase in Covid-19 And Return of Mexican Supplies

  

  Oil settled lower on Thursday, August 26, halting a three-day streak of gains amid renewed demand concerns due to rising coronavirus cases and with Mexico restoring some production after a fire disrupted supplies. The losses were limited due to the possibility of further disruptions to the supply side. Energy companies …

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• 27 August 2021 6:54 am

  Wall Street Down Ahead of Powell’s Anticipated Speech

  

  The benchmark indices of the New York Stock Exchange (NYSE) closed lower on Thursday, as Wall Street was impacted by the decline in risk appetite, ahead of a speech by the Federal Reserve Chairman Jerome Powell at the Jackson Hole economic symposium. This ended five and four consecutive sessions of …

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• 27 August 2021 2:58 am

  Gold Rises Amid Weaker Risk Appetite

  

  Gold prices rose on Thursday, because of the higher demand for safe-haven assets with a slump in risk appetite, as investors anticipate the upcoming speech by the U.S. Federal Reserve Chair Jerome Powell in an economic forum on Friday. The front-month gold futures added $4, or 0.22%, to finish at …

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• 27 August 2021 2:38 am

  GBP/USD Sees Worst Daily Loss in Week

  

  The British Pound (GBP) fell against the U.S. Dollar (USD) as the greenback rose across the board for the first time in five sessions. The Sterling registering its biggest loss to the USD since August 19. The GBP/USD pair declined by 0.47% to the level of 1.3699. The pair has …

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• 27 August 2021 2:23 am

  European Stocks Finish Lower Following ECB’s Meeting Accounts

  

  European stocks declined on Thursday, with investors anticipating more signs of recovery amid fears over the spread of the Coronavirus Delta variant. Earlier today, the European Central Bank’s meeting accounts showed a debate among board members about the forward guidance on interest rates. Similar to what we are expecting from …

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