Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 5 July 2021 6:04 pm

  ECB: Bought Net €13.17 Billion of Assets Last Week

  

  The European Central Bank (ECB) announced on Monday that it bought a net 13.17 billion euros of assets last week as part of its quantitative easing program, compared to 31.9 billion euros a week earlier, as reported by Reuters. “ECB bought a net 453 mln euros of corporate bonds in …

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• 5 July 2021 5:09 pm

  The US Dollar Trading Negative on Rate Hike Fears

  

  The dollar fell against a basket of major currencies during Monday’s trading, after hitting a rapid rally when a batch of mixed US business data last week led to investors’ worries about a faster end to monetary stimulus. While the headline jobs figures for June beat expectations, unemployment rates rose …

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• 5 July 2021 3:51 pm

  Turkish Inflation Reaches a Two-Year Peak With a Sudden Jump to 17.5%

  

  Turkey’s annual inflation jumped to a two-year high of 17.53% in June, beating expectations of 17% and extending a long rise after a brief decline, potentially delaying an interest rate cut this year. The monthly consumer price reading was also higher than expected, up 1.94%, according to the Turkish Statistical …

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• 5 July 2021 3:07 pm

  Cryptocurrency Plummets After Digital Dollar Headlines

  

  Bitcoin, the largest digital currency, fell at these moments of trading on Monday, and during 24 hours, by about 3.7%, to $34.2. While the second-largest digital currency, Ethereum, ETH/USD, fell by about 2.7% to levels of $2.27 thousand, while its market value is about $264.8 billion. DOGE/USD is down about …

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• 5 July 2021 2:02 pm

  Sentix: Investor Confidence Improves Thanks to Services Sector

  

  A survey showed that investor confidence in the eurozone increased for the fifth consecutive month in July, to its highest level since February 2018, thanks to the reopening of restaurants and retail stores, as well as tourism, with the decline in Covid-19 infections. The Sentix index for the eurozone rose …

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• 5 July 2021 1:14 pm

  Turkey: CBRT Leaves Policy Rate Unchanged at 19%

  

  Turkey’s annual inflation jumped to a two-year high of 17.53% in June, beating expectations of 17% and extending a long rise after a brief decline, potentially delaying any interest rate cut this year.The monthly consumer price reading was also higher than expected, up 1.94 percent, according to the Turkish Statistical …

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• 5 July 2021 12:05 pm

  Virus Fears Keep European Shares Below Record Levels

  

  European shares were stuck below all-time highs, as the global spread of the mutated Delta strain of the Corona virus raised fears of an economic stumble, but Morrisons shares jumped as the battle for the British company intensified.The pan-European Stoxx 600 index fell 0.11 percent, and the shares of travel …

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• 5 July 2021 10:23 am

  French Health Minister Warns of a Fourth Wave of The Coronavirus

  

  French Health Minister Olivier Veran urged Sunday, July 4, as many French people as possible to get the Corona vaccine, warning that France may be heading towards a fourth wave of the epidemic by the end of this month due to the highly contagious delta strain. “For five days the …

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• 4 July 2021 11:35 pm

  Market Recap: June 28 – July 2

  

  Many markets around the globe are lifting lockdowns and preventive measures against the coronavirus (COVID-19), but the global pandemic continues to raise uncertainty after the recent increase in the number of new cases infected with the Delta variant. Some vaccines are reportedly effective against the variant, including J&J and Moderna, …

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• 3 July 2021 3:44 am

  Fed’s Daly Expects Tapering in Late 2021 or Early 2022

  

  The President of the Federal Reserve Bank of San Francisco, Mary Daly, expects the Federal Reserve will begin tapering before the end of 2021, since the economy is really shaping up nicely. Speaking to the Associated Press on Friday, Daily said that “it is appropriate to consider tapering asset purchases …

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• 3 July 2021 12:39 am

  Oil Closes Mixed but Maintains Weekly Gains

  

  Oil prices showed a mixed performance on Friday, amid with markets awaiting the outcomes of the OPEC+ summit. The OPEC+ alliance could not agree on Friday on a decision regarding output policy for August and beyond. Discussions are expected to resume on Monday, according to recent media reports. Brent crude …

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• 2 July 2021 11:31 pm

  Gold Maintains Gains for Second Straight Week

  

  Gold maintained a positive performance for the third session in a row on Friday to finish the week on a rise for the second consecutive week. The yellow metal futures for August delivery gained $5.60, or 0.38%, to finish at $1,783.30 per ounce, its highest since June 23. Gold gained …

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• 2 July 2021 10:43 pm

  Reports Show Improved Growth Forecasts for U.S. Economy

  

  The United States economy is expected to achieve a better than previously expected growth this year, as shown by the most recent forecasts. Containing the coronavirus pandemic with the rollout of vaccines, reopening business, demand recovery helped by the massive stimulus and support measures are providing the base for recovery …

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