Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 10 June 2021 1:15 pm

  Car And Oil Companies Press on European Shares Before The ECB meeting

  

  European shares fell Thursday, June 10 as energy and auto stocks fell, as investors focused on the European Central Bank meeting later in the day. The European Stoxx600 index was down 0.1%, ending a four-day winning streak. Eurozone shares fell 0.2% ahead of the European Central Bank’s policy decision and …

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• 10 June 2021 12:28 pm

  Oil Falls as The Start of The Flight Season in America Fails to Increase Fuel Demand

  

  Brent crude futures fell 36 cents, or 0.5%, to $71.86 a barrel, while US oil futures fell 35 cents, or 0.5%, to $69.61 a barrel. The US Energy Information Administration said on Wednesday that US crude oil stocks, which include strategic petroleum reserves, fell for the eleventh consecutive week as …

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• 10 June 2021 6:19 am

  U.S. Inflation Likely to Register Highest Rise Since 2008

  

  Markets are anticipating the release of the U.S. consumer price index (CPI) reading for May on Thursday, with expectations of a surge in the inflation rate. Data by the United States Bureau of Labor Statistics are likely to show that an inflation reading of 4.7% last month, with core inflation …

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• 10 June 2021 4:03 am

  Wall Street Declines Ahead of Inflation Data

  

  The main indices of the New York Stock (NYSE) closed lower on Wednesday, to erase earlier gains, with Wall Street investors anxiously awaiting the release of inflation data and reacting to the drop in Treasury bond yields. The Dow Jones Industrial Average lost 152.68, or 0.44%, to close at 34,447.14 …

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• 10 June 2021 3:56 am

  Oil Prices Stabilize Following U.S. Inventory Report

  

  Oil prices showed a mixed performance on Wednesday, after the weekly inventories report in the U.S. showed a huge surge in gasoline stockpiles. The U.S. crude benchmark futures declined, while the global benchmark settled nearly unchanged, despite a decline in crude inventories in the United States. The rise in gasoline …

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• 10 June 2021 3:25 am

  Gold Closes Higher as Treasury Yields Retreat

  

  Gold prices finished higher on Wednesday with small gains, amid a decline by the U.S. Dollar (USD) and Treasury bond yields. Nevertheless, the yellow metal’s most active contracts failed to regain the $1,900 key level. Gold futures for August delivery gained $1.1 to close at $1,895.50 per ounce. Markets are …

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• 10 June 2021 2:51 am

  European Stocks Close Mixed ahead of ECB Meeting

  

  European stocks showed a mixed performance on Wednesday, with investors awaiting the decision of the European Central Bank (ECB) regarding the future of the Pandemic Emergency Purchase Programme (PEPP). The pan-European STOXX 600 index rose marginally by a little less than 0.1% at 454.44 points. The benchmark index in France, …

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• 10 June 2021 2:38 am

  GBP/USD Scores Daily Gains in Absence of Data

  

  The British Pound (GBP) rose against the U.S. Dollar (USD) and managed to finish Wednesday’s trading higher on the back of a the latter’s decline. The GBP/USD finished at 1.4173, higher for the day by about 0.11%, after closing on Tuesday at 1.4157. Markets are anticipating the release of May’s …

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• 10 June 2021 1:00 am

  EUR/USD Erases Daily Gains to Settle Near Daily Low

  

  The Euro (EUR) erased most of its gains against the U.S. Dollar (USD) on Wednesday, moving towards a marginal rise near its closing level in the previous session. Earlier today, the EUR/USD pair was trading as high as 1.2218, due to the brief plunge by the Dollar, after falling U.S. …

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• 9 June 2021 9:14 pm

  U.S. Wholesale Inventories Rise in April

  

  Wholesale inventories in the United States registered a relatively large rise in April, data showed on Wednesday. According to the most recent data by the U.S. Department of Commerce, wholesale inventories grew by 0.8%. The reading follows a 1.2% rise in March. The growth in wholesale inventories has been attributed …

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• 9 June 2021 7:53 pm

  DXY Rises Marginally to Recover from Steep Drop!

  

  The U.S. Dollar (USD) rose on Wednesday against major peers, with markets anticipating the release of last month’s inflation data. The May reading of the Consumer Price Index (CPI) is due to be released tomorrow by the U.S. Bureau of Labor Statistics. The Dollar Index (DXY), which measures the greenback’s …

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• 9 June 2021 7:33 pm

  Bitcoin Tests a High After El Salvador

  

  Bitcoin has now recovered and it has managed to reach the end of a journey of struggle, after passing the $34,000 levels and breaking the $35,000 threshold. The recent Bitcoin uprising came today, Wednesday, after the historic approval of the Parliament of El Salvador on a law making Bitcoin the …

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• 9 June 2021 7:02 pm

  EIA: US Crude Oil Stocks Decrease by 5.2 Million Barrels

  

  Crude Oil Stocks Change in the US was -5.2 million barrels in the week ending June 4, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. Analysts’ estimate was for a decrease of 2 million barrels.

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