Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 14 July 2021 1:42 pm

  Gold is Rising Due to The Decline in USD And US Bond Yields Before Powell’s Speech

  

  Gold prices rose on Wednesday, July 14th, after receiving a boost from falling US Treasury yields and the dollar, while the focus is now on US Federal Reserve Chairman Jerome Powell’s speech to Congress later today after the strong rise in consumer prices. And gold rose in the spot market …

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• 14 July 2021 1:15 pm

  The Dollar is at a 3-Month High Against The Euro

  

  The US dollar rose Wednesday, July 14 to touch a three-month high against the euro and hit a one-week high against the Japanese yen, after rising US inflation spurred bets for a faster monetary tightening than Fed officials have indicated so far. The New Zealand dollar jumped more than 1% …

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• 14 July 2021 12:40 pm

  UK Inflation Jumps to 2.5% in June

  

  Official data showed that the rate of inflation in Britain rose more than the rate targeted by the Bank of England in June to reach 2.5%, compared to 2.1% in May. Economists polled by Reuters had expected the consumer price index to stand at 2.2% in the 13 months to …

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• 14 July 2021 2:18 am

  Wall Street Closes Lower After Inflation Surge

  

  The New York Stock Exchange (NYSE) closed lower on Tuesday, after logging new record highs yesterday, as Wall Street investors responded to the huge surge in inflation. June’s reading of the Consumer Price Index (CPI) showed a 5.2% surge, exceeding market expectations. The Dow Jones Industrial Average declined by 0.31% …

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• 14 July 2021 1:59 am

  Dollar Registers Biggest Rise in About a Month Following Inflation Surge

  

  The U.S. Dollar (USD) rose on Tuesday across the board, following the release of June’s inflation reading that showed an increase in consumer prices that exceeded market expectations. The Consumer Price Index (CPI) jumped by 5.4% on an annual basis last month, compared with a 5% increase in May, according …

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• 14 July 2021 12:59 am

  U.S. Oil Inventories Expected to Register Eighth Consecutive Weekly Drop

  

  Crude oil inventories in the United States are expected to further drop, with official data due on Wednesday by the U.S. Department of Energy’s Energy Information Administration (EIA). Last week, data showed that U.S. oil stockpiles declined for the seventh consecutive week by 6.866 million barrels. A drop that exceeded …

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• 14 July 2021 12:09 am

  Oil Closes Higher with Nymex at Highest Since October 2018

  

  Oil prices rose on Tuesday, despite concerns about the coronavirus Delta variant and uncertainty about the OPEC+ output policy, mainly amid expectations of another drop in crude inventories in the United States. Brent crude for September delivery rose by $1.33, or 1.77%, to settle at $76.49 per barrel, registering its …

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• 13 July 2021 11:05 pm

  Gold Rebounds After Surge in Inflation

  

  Gold prices rose on Tuesday, supported by the surge in U.S. inflation and concerns about the resurgence of the coronavirus (COVID-19) pandemic with the spread of the Delta variant. Today’s gains came despite a mostly positive performance by the U.S. Dollar (USD) with more investors hedging against the rising consumer …

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• 13 July 2021 10:07 pm

  European Stocks Stabilize Maintain Record Highs

  

  Europe’s stock markets closed mostly unchanged on Tuesday but maintained an upward trend for the third consecutive session. The STOXX Europe 600 index finished higher by 0.13 points, or 0.03%, at a new record high of 460.96 points. Over the past three sessions, the pan-European index recovered its earlier losses …

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• 13 July 2021 8:03 pm

  Wall Street Mixed Following Inflation Data

  

  The main indices of the New York Stock Exchange (NYSE) that all logged new record highs by the end of the week’s first session are showing a mixed performance on Tuesday, with Wall Street reacting to the release of inflation data. The Dow Jones Industrial Average is marginally down by …

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• 13 July 2021 5:30 pm

  US annual CPI Inflation jumps to 5.4% in June

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), jumped to 5.4% on a yearly basis in June from 5% in May, the data published by the US Bureau of Labor Statistics revealed on Tuesday. Excluding volatile food and energy prices, the core CPI rose 4.5%, the …

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• 13 July 2021 4:45 pm

  Goldman Sachs Reports Earnings Per Share of $15.02 in Q2, 2021

  

  Goldman Sachs Group reported Tuesday, July 13th, a rise in second-quarter 2021 earnings, as the largest Wall Street investment bank benefited from record dealmaking activity globally. Net profit attributable to common shareholders increased to $5.35 billion in the three months ended June 30, compared to $2.25 billion a year earlier. …

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• 13 July 2021 3:35 pm

  Gold Rises Before Today’s Data

  

  Gold rose in Tuesday morning trading in Asia, settling to a one-week low hit during the previous session. While the dollar weakened ahead of US inflation data that could indicate when the US Federal Reserve is likely to start declining assets. Gold futures were also up 0.24 at $1,810.15, dropping …

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