Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 14 June 2021 2:42 pm

  Eurozone Industrial Production Grew Better Than Expected in April

  

  Today’s data showed that industrial production for the Eurozone exceeded expectations in April thanks to a more than doubled production of durable consumer goods compared to the previous year after economies reopened steadily. The European Union statistics office Eurostat said industrial production in the 19-country Eurozone rose 0.8% month-on-month and …

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• 14 June 2021 1:46 pm

  The Dollar Rises in an Important Week For The Markets

  

  The dollar maintained its gains today, after recording the largest weekly gain in six weeks, as traders cut bets on the currency’s decline ahead of the upcoming Federal Reserve meeting, which may indicate future changes in US monetary policy. The US central bank begins a two-day policy committee meeting tomorrow, …

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• 14 June 2021 1:12 pm

  Oil Rises With Improved Expectations of Demand And Tight Supplies

  

  Oil prices rose today, continuing the gains that lasted over three weeks, thanks to improved expectations for fuel demand, as Covid-19 vaccinations contributed to lifting travel restrictions, as well as tight supplies. Brent crude rose 51 cents, or 0.7%, to $73.20 a barrel, the highest level since May 2019. West …

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• 14 June 2021 12:27 pm

  Japanese Stocks Rise on Toshiba Crisis

  

  Japanese shares rose on Monday as cyclical stocks such as tire makers rose, while Toshiba advanced after the company announced that two board members would be retiring amid a crisis over its governance. The Nikkei index rose 0.74% to 2,9161.80, its highest closing level since May 10. The broader Topix …

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• 14 June 2021 4:29 am

  Weekly Recap: 7-11 June

  

  It was a week full of data, from the European Central Bank to US inflation figures and Lagarde comments. Here are the week’s highlights and data. Last week’s session observed the US dollar abandon its two-week indecisive phase and establish moderate gains. Gold ended weekly trading in an upward trend, …

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• 12 June 2021 1:04 am

  Wall Street Closes Higher with S&P 500 Hitting New Record High

  

  The main indices of the New York Stock Exchange (NYSE) finished higher on Friday, with Wall Street investors showing little concern over the recent surge in inflation, as it is likely to be temporary. The Dow Jones Industrial Average closed at 34,479.60 points, rising by 13.36 points, or 0.04%, failing …

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• 12 June 2021 12:46 am

  Oil Registers Third Straight Weekly Rise

  

  Oil prices finished higher on Friday, registering their third consecutive weekly rise, at fresh two-year high levels. Expectations for demand recovery continue to provide support for crude prices as the global economy shrugs off the effects of the coronavirus pandemic. Brent crude futures for August delivery rose by 17 cents, …

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• 11 June 2021 11:54 pm

  European Stocks Close Higher at New Record

  

  European stocks surged on Friday to close to a new record high, with markets digesting concerns about the surge in U.S. inflation as it is expected to be temporary. The STOXX Europe 600 index gained 0.68% to finish at 457.64 points, maintaining its rising trend for the sixth consecutive session. …

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• 11 June 2021 10:39 pm

  Gold Closes Lower and Turns to Weekly Losses

  

  Gold prices declined on Friday and finished at its lowest level in about a week, as the U.S. Dollar rose across the board. The USD’s rise and selling pressures due to profit making weighed on the yellow metal, which continues to signal strength and maintain most of its gains on …

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• 11 June 2021 9:25 pm

  EUR/USD Extends Losses as Dollar Strengthens

  

  The Euro (EUR) declined against the U.S. Dollar (USD) on Friday, losing multiple support levels as the greenback rose across the board. The European currency’s losses come after the European Central Bank (ECB) decided to maintain the current interest rates and committed to the current pace of asset purchases, with …

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• 11 June 2021 8:42 pm

  Dollar Soars to Highest Level in a Week

  

  The U.S. Dollar (USD) rose on Friday against major peers to its highest level in a week, supported by positive data and rising bond yields. The benchmark U.S. Treasury bond yield is showing rebounding signs, following strong drops. Meanwhile, data showed an improvement in the U.S. consumer sentiment this month, …

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• 11 June 2021 7:15 pm

  U.S. Consumer Sentiment Improves in June

  

  U.S. consumer confidence rose in early June, recovering most of its losses in May, data by the University of Michigan showed on Friday. The Index of Consumer Sentiment rose to 86.4 this month, from 82.9 in May, while the current economic conditions index rose to 90.6, compared with 89.4 last …

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• 11 June 2021 5:44 pm

  Car Sales in China Fell 3% in May, The First Decline in 14 Months

  

  Auto sales in China fell 3% in May compared to the corresponding month last year, data for the sector showed, ending a 13-month straight winning streak that began in April 2020. Data from the China Automobile Manufacturers Association showed that total sales in the world’s largest auto market amounted to …

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