Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 18 August 2021 8:28 pm

  U.S. Oil Inventories at Lowest Since January 2020

  

  Crude oil inventories in the United States declined last week to their lowest level since January 2020. Inventories dropped by 3.2 million barrels in the week ending August 13, reaching 435.5 million barrels, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). The decline in …

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• 18 August 2021 6:42 pm

  FOMC: Markets Are Afraid of The “Black Swan” Scenario

  

  At the FOMC meeting on July 28, the question about monetary policy was posed very straightforwardly; Is the US economy, especially the labor market, improving fast enough to begin discussing QE tapering? Looking at the Fed members’ statements since the last meeting of FOMC, we see that it tends to …

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• 18 August 2021 5:35 pm

  US: Housing Starts Decline by 7% in July

  

  Housing Starts in the US declined by 7% on a monthly basis in July after increasing by 3.5% in June, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.

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• 18 August 2021 5:10 pm

  Canada: Annual CPI Rises to 3.7% in July

  

  Annual inflation in Canada, as measured by the Consumer Price Index (CPI), advanced to 3.7% in July from 3.1% in June, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.4%. On a monthly basis, the CPI rose to 0.6% …

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• 18 August 2021 4:31 pm

  The Dollar is Falling in Europe But Remains at High Levels

  The dollar fell in Europe on Wednesday but remained at elevated levels as global growth concerns, caused by the ongoing outbreak of the Delta virus, prompted traders to reduce their positions on riskier currencies. At 07:55 GMT, the dollar index, which measures the greenback against a basket of six other …

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• 18 August 2021 3:12 pm

  Eurozone Final CPI Revised Lower in July

  

  According to Eurostat’s final reading of the Eurozone CPI report for July, the consumer prices came in at 2.2% on a yearly basis, meeting 2.2% expectations. While the core figures rose by 0.7%. Month-on-month inflation in the region fell 0.1%, in line with the median forecast of economists polled by …

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• 18 August 2021 2:20 pm

  UK Inflation Slows More Than Expected in July

  

  British inflation slowed faster than expected in July, according to official data released on Wednesday, August 18, to 2% on an annual basis, compared to 2.5% in June. Economists polled by Reuters had expected inflation for July to be 2.3%. Official data showed that the rate of inflation in Britain …

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• 18 August 2021 1:40 pm

  Oil Prices Settled and Uncertainty Surrounds The Prospects For Demand due to The Outbreak of Delta Variant

  

  Oil prices stabilized on Wednesday, August 18, after four days of decline, while investors were still concerned about the prospects for strengthening the demand for fuel, as the use of railways, aircraft, and other forms of transportation remained restricted in light of the high incidence of Covid-19 around the world. …

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• 18 August 2021 1:00 pm

  Gold Rises 0.4% Due to The Demand For Safe Havens on Delta Fears

  

  Gold prices rose on Wednesday, August 18, to approach a two-week high, as demand for the yellow metal, which is considered a safe haven, was boosted by growing concerns about the fast-spreading delta strain of Covid-19 and its economic impact. Spot gold rose 0.4% to $1,792.42 an ounce, after hitting …

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• 18 August 2021 12:30 pm

  Nikkei Rises 0.59%, Ending a 4-day Losing Streak

  

  Japanese stocks rebounded Wednesday, August 18th, led by gains in FUJIFILM and other defensive stocks, while the benchmark Nikkei index ended a four-day losing streak, but concerns about the delta strain kept investors on guard. The Nikkei index rose 0.59% to 27,585.91 points, reversing losses incurred earlier when it reached …

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• 18 August 2021 6:58 am

  Yellen Defends Biden’s Massive Spending Plans, Again!

  

  The United States Treasury Secretary, Janet Yellen, remains the strongest defender of the current economic policies by the Biden administration, even among cabinet members. Given her credibility as former Chair of the Federal Reserve, and the first female to hold this post, she is repeatedly voicing her support for the …

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• 18 August 2021 5:29 am

  Fed’s Kashkari: Cryptocurrencies are GARBAGE Coins!

  The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has criticized cryptocurrencies led by Bitcoin, saying that what he saw in crypto assets so far is 95% fraud, hype, noise, and confusion. The Fed official said that he was more optimistic about crypto and Bitcoin five or six …

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• 18 August 2021 3:50 am

  USD Sees Largest Daily Gains in Two Months

  

  The U.S. Dollar (USD) rose on Tuesday for the second consecutive session and registered its biggest gains against major currencies since mid-June to settle at its highest closing level since November 4, 2020. The Dollar Index (DXY) measures the greenback’s performance against a basket of six major international currencies increased …

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