Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 30 July 2021 11:18 am

  France: Economic Growth in Q2 Better Than Forecast

  

  French Finance Minister Bruno Le Maire said that the second-quarter economic performance was ‘exceptional’ after the economy expanded 0.9% QoQ in Q2 vs. 0.8% expectations. “Q2 French economic performance puts France on track to meet its 6% growth target for whole of 2021.”

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• 30 July 2021 10:42 am

  Oil Prices Falling, But on The Path to Achieving a Significant Weekly Gain

  

  Oil prices fell but were still on track to achieve significant weekly gains, with demand growing at a faster pace than supply, while vaccinations are expected to mitigate the impact of a new rise in Covid-19 cases around the world. Brent crude futures for September delivery, which expire on Friday, …

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• 30 July 2021 3:48 am

  Wall Street Rally Ignores Economic Data

  

  The main indices of the New York Stock Exchange (NYSE) finished Thursday higher, despite a weaker than expected GDP growth numbers registered in the second quarter, as Wall Street investors seemed more optimistic about the Federal Reserve vowing to maintain the low-interest rates for the time being. Accordingly, the Dow …

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• 30 July 2021 3:01 am

  USD/CAD at Lowest Level in Three Weeks as Oil Prices Surge

  

  The Canadian Dollar (CAD) capitalized on the decline of the U.S. Dollar (USD) across the board and the surge in crude oil prices to rise to its highest level in about three weeks. The USD/CAD pair declined by about 0.64% and reached the level of 1.2448 by the end of …

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• 30 July 2021 2:50 am

  Oil Settles at Two-Week High

  

  Oil prices rose registered their largest rise in a week, joining an upward trend by most commodities amid a decline by the U.S. Dollar (USD). Crude oil futures also continued to be supported by the weekly decline in U.S. inventories, as official data showed on Wednesday, easing recent concerns about …

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• 30 July 2021 2:28 am

  Swiss Franc Rises on the Back of Dollar Woes

  

  The Swiss Franc (CHF) surged against the declining U.S. Dollar (USD) on Thursday, amid a broad decline by the greenback that followed the release of the Federal Reserve policy statement. The Fed vowed to maintain its current accommodative policy, keeping interest rates and asset purchases unchanged, and expecting to hold …

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• 30 July 2021 2:07 am

  Gold Scores Large Gains as USD Declines

  

  Gold prices surged on Thursday, scoring its biggest daily rise in about five months, as the U.S. Dollar (USD) plunged across the board after the Federal Reserve vowed to maintain its accommodative policies until the economy recovers from the coronavirus crisis with a recovery in the labor market. The yellow …

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• 30 July 2021 12:17 am

  USD Extends Losses and Nears Six-Week Low

  

  A day after the U.S. Federal Reserve decided to maintain its current policy unchanged in support of economic recovery, the U.S. Dollar (USD) continues to hit multiple-week fresh lows against major currencies on Thursday. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies …

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• 29 July 2021 10:00 pm

  European Stocks Set Another Record High

  

  European stocks logged another record-high closing level on Thursday for the second consecutive session. A number of positive earnings reports helped further push investors’ sentiment and risk appetite. The STOXX Europe 600 index added 2.14 points, or 0.46%, to close at a new all-time closing high of 463.84 points, as …

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• 29 July 2021 8:00 pm

  U.S. Natural Gas Inventories Rise in Week

  

  Natural gas inventories in the United States increased by 36 billion cubic feet for the week ending July 23, the U.S. Energy Information Administration (EIA) reported on Thursday. The increase came below market expectations of a 40 bcf rise. Total natural gas stockpiles reached 2.714 trillion cubic feet, down by …

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• 29 July 2021 7:37 pm

  U.S. Pending Home Sales Drop in June

  

  U.S. pending home sales declined in June by 1.9%, according to data by the National Association for Realtors released on Thursday. The decline came against market expectations of an increase amid a tight supply in the housing market. Meanwhile, May’s reading was revised upwards to show an increase of 8.3% …

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• 29 July 2021 6:02 pm

  Currencies Overview: The US Dollar Falls to a Month Low, The Pound at a Month High

  

  The dollar fell to a one-month low on Thursday after the Federal Reserve reassured that a rate hike was still a long way off, giving a major boost to most other currencies from the Australian dollar to the Chinese yuan. China’s efforts to calm stock market jitters precipitated by its …

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• 29 July 2021 5:30 pm

  U.S: Weekly Initial Jobless Claims Decline to 400K

  

  There were 400,000 initial claims for unemployment benefits in the US during the week ending July 24, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 424,000 (revised from 419,000) and came in worse than the market expectation of …

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