Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 17 June 2021 3:31 pm

  Turkey: CBRT Leaves Policy Rate Unchanged at 19%

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 19% as expected. Investor sentiment was hit by news that Turkish President Recep Tayyip Erdogan told President Biden that Turkey would not change its stance on the Russian …

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• 17 June 2021 2:53 pm

  Bitcoin Drops After World Bank Slap

  

  It seems that the impact of the US Federal Reserve yesterday, Wednesday, reached the cryptocurrency market after it hit gold. To make matters worse, however, El Salvador received an expected slap from the World Bank over the country’s adoption of Bitcoin as an official tender. Bitcoin fell during trading today, …

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• 17 June 2021 2:02 pm

  Britain is Considering Easing Travel Restrictions For Those Who Have Received The Corona Vaccine

  

  Britain is considering easing travel restrictions for those who have received the two doses of the Covid-19 vaccine, in a move to placate airlines that threaten legal action against the government’s stringent restrictions on travel abroad. Pressure is mounting on the aviation sector, as companies seek to ease restrictions before …

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• 17 June 2021 1:32 pm

  Eurozone Final CPI Revised Down to 0.3% MoM in May

  

  According to Eurostat’s final reading of the Eurozone CPI report for May, the consumer prices came in at 2.0% on a yearly basis, meeting the flash estimate of 2.0% and 2.0% expectations. While the core figures rose to 1.0%, beating the 0.9% consensus forecasts.

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• 17 June 2021 1:04 pm

  Switzerland: GDP Growing Sharply in The Short Term

  

  The Swiss National Bank (SNB) gave an optimistic view of the economy in its Financial Stability Report (FSR) published on Thursday. The report indicated that in Switzerland, GDP is growing strongly in the near term and unemployment is declining.” The production capacity has also been untapped for some time.

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• 17 June 2021 12:05 pm

  Oil Prices Fall Due to The Rise of The US Dollar

  

  Crude oil prices fell on Thursday as the US dollar rose after the Federal Reserve hinted that it may raise interest rates faster than expected, but losses were limited thanks to a significant drop in US crude inventories. Brent crude futures fell 42 cents, or 0.6%, to $73.97 a barrel, …

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• 17 June 2021 11:44 am

  Japanese Shares Close Lower Due to The Fed’s Tendency to Tighten Policy

  

  Japanese shares closed lower on Thursday, June 17, as investors sold shares of technology companies and the drugmaker after a weak close on Wall Street after the US Federal Reserve signaled earlier-than-expected interest rate increases, while the financial sector shone with a rise in US Treasury yields. The Nikkei index …

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• 17 June 2021 11:07 am

  Britain Records The Highest Daily Death From Corona Cases Since February

  

  Britain recorded the highest daily number of new cases of Coronavirus since February, which increases indications of the spread of a new, highly contagious mutation first discovered in India. The government recorded 9,055 cases of infection, which is the largest number since February 25, and more than a fifth of …

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• 17 June 2021 10:35 am

  Gold Rises After Heavy Sales Due to The Tendency of The Fed to Tighten Monetary

  

  Gold prices rose on Thursday, recovering some of the losses incurred in the previous session after the US Federal Reserve hinted that it may raise interest rates earlier than expected. And gold rose in spot transactions 0.5% to $ 1820.34 an ounce (an ounce). US gold futures fell 2.1% to …

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• 17 June 2021 5:23 am

  SEC Delays Decision on Bitcoin ETF

  

  The U.S. Securities and Exchange Commission (SEC) has delayed for the second time its decision on the first Bitcoin exchange-traded fund (ETF). VanEck, an ETF and mutual fund manager, proposed an ETF for the world’s largest cryptocurrency and an SEC approval was delayed in April. The SEC reportedly wants to …

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• 17 June 2021 3:22 am

  Fed on Road for Taper Talk and Expects Two Interest Rate Hikes in 2023

  

  The two-day Federal Reserve policy meeting concluded on Wednesday with most outcomes falling in line with expectations, as the Federal Open Market Committee (FOMC) decided to keep the current interest rate range near 0% and the pace of asset purchases at $120 billion a month. The central bank reiterated its …

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• 17 June 2021 1:40 am

  EUR/USD Logs Biggest Daily Loss in 15 Months

  

  The Euro (EUR) declined against the U.S. Dollar (USD) on Wednesday, following the U.S. Federal Reserve’s policy meeting, in which the central bank decided to maintain its current policy, expecting rising inflation and seeing two rate hikes in 2023. Today, the EUR/USD pair lost about 1.08%, falling below 1.2 and …

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• 17 June 2021 1:15 am

  GBP/USD Declines Following Fed’s Decision

  

  The British Pound (GBP) declined on Wednesday against the U.S. Dollar (USD) for the second consecutive day, after the Federal Reserve decided to maintain its current policy and expected two rate hikes in 2023. The GBP/USD pair lost about 0.7% to reach the level of 1.3987. This market the largest …

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