Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 11 June 2021 2:03 pm

  Oil is Falling But Heading For a Third Weekly Rise

  

  Oil prices fell on Friday, June 11, but are heading to rise for a third week, thanks to expectations of a recovery in fuel demand in Europe, China, and the United States, as increased vaccination rates lead to easing restrictions imposed due to the Corona pandemic. Brent crude futures were …

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• 11 June 2021 1:21 pm

  European Shares Extend Gains For The Sixth Day

  

  European shares extended gains for the sixth session Friday, June 11, supported by hopes that major central banks will continue to pursue an accommodative monetary policy despite signs of rising inflation, while gains in mining and travel companies lent support to indexes in the region. The Stoxx600 index of European …

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• 11 June 2021 12:45 pm

  Gold Exceeds $1,900 as The Dollar And US Bond Yields Drop

  

  Gold prices rose above $1,900 an ounce Friday, June 11th, supported by a weaker dollar and lower Treasury yields, after data showing high inflation in the United States was deemed insufficient for the US Federal Reserve to change its monetary policy. And gold rose in spot transactions 0.1% to $ …

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• 11 June 2021 12:30 pm

  Japan Shares Close Lower as Sectors of The Economic Cycle Decline And Toshiba Falls

  

  Japanese stocks closed slightly lower Friday, June 11th as losses incurred by cyclical stocks, as well as banks and real estate companies offset gains made by the technical heavyweights in the market. The Nikkei index fell 0.03% to 28,948.73 points, while the broader Topix index fell 0.14% to 1954.02 points. …

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• 11 June 2021 9:02 am

  Inflation Surge Unlikely to Force Fed to Change Lanes

  

  The recent surge in consumer inflation in the United States is likely to be temporary, as recent remarks by the Federal Reserve officials indicated prior to the release of last month’s reading of the consumer price index (CPI) which rose 5% on an annual level. The inflation rate, which exceeded …

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• 11 June 2021 5:56 am

  Wall Street Closes Higher Despite Surge in Inflation

  

  The New York Stock Exchange (NYSE) finished higher on Thursday, with the S&P 500 closing at a new record high, with Wall Street investors seemingly showing no concern over the surge in inflation that was shown by the consumer price data for last month. The Dow Jones Industrial Average rose …

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• 11 June 2021 3:08 am

  EUR/USD Stabilizes Following Inflation Data and ECB Rate Decision

  

  The Euro (EUR) registered marginal losses against the U.S. Dollar (USD) on Thursday, erasing most of its gains on Wednesday. The EUR/USD pair declined by about 0.02% to reach the 1.2177 level, following a series of fluctuations due to various factors affecting the market. On one hand, the European Central …

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• 11 June 2021 2:57 am

  GBP/USD Maintains Downward Trend After BoE Remarks and U.S. Inflation Data

  

  The British Pound (GBP) declined against the U.S. Dollar (USD) on Thursday, after data showed a surge in the inflation rate in the United States. The GBP/USD pair maintained its downward trend for the third consecutive day, failing by about 0.17% to 1.4094. The Sterling rose earlier in the session …

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• 11 June 2021 12:05 am

  Oil Settles Higher and Restores Two-Year Highs

  

  Oil prices closed higher on Thursday to recover from yesterday’s losses that followed the large surge in gasoline inventories in the U.S, and restore its highest level in more than two years. Brent crude futures for August delivery rose by 30 cents, or 0.4%, to close at $72.52 per barrel, …

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• 10 June 2021 10:36 pm

  Gold Finishes Higher Following U.S. Inflation Surge

  

  Gold prices rose slightly on Thursday, with the U.S. Dollar (USD) fluctuating and investors reacting to the large surge in inflation in the U.S., as shown by the most reading of the consumer price index (CPI) that rose by 5% in May. The reading marked the biggest increase in U.S. …

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• 10 June 2021 9:35 pm

  European Stocks Finish Mixed Following ECB Decision

  

  European stocks closed Thursday on a mixed note, following the European Central Bank’s (ECB) decision to maintain interest rates unchanged. The STOXX Europe 600 index finished marginally higher by a little less than 0.1% to close at a new record high. The UK’s FTSE100 index also gained 0.10% to finish …

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• 10 June 2021 7:06 pm

  Wall Street Rises After Inflation Data and S&P 500 Hits Record High

  

  The main indices of the New York Stock Exchange (NYSE) rose on Thursday in early trades, despite today’s data showing a surge in inflation to its highest level since 2008, with the S&P 500 index hitting a new record high. Wall Street investors are awaiting whether the 5% rise in …

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• 10 June 2021 6:47 pm

  OPEC Maintains Positive Expectations for Demand Growth

  

  The Organization of the Petroleum Exporting Countries (OPEC) has maintained its forecast for demand growth this year. The global demand for crude oil is expected to rise by 6 million barrels per day, reaching 96.58 million barrels a day, according to OPEC’s monthly report released on Thursday. The forecasted demand …

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