Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 18 June 2021 2:25 pm

  Eurozone Current Account Surplus Widened in April

  

  Data from the European Central Bank showed that the Eurozone’s current account surplus widened in April thanks to an increase in the trade surplus and primary income, which includes profits from foreign investment. The 19-nation Euro bloc posted a revised current account surplus of 22.8 billion euros in April, up …

  Read More »
• 18 June 2021 1:56 pm

  Gold is Heading For The Worst Week in 15 Months Due to The US Federal Reserve’s Tendency to Tighten Monetary

  

  Gold prices rose on Friday, June 18, but are heading towards recording the worst weekly performance since March 2020 after the US Federal Reserve’s shift towards a monetary tightening tone caused the dollar to rise and negatively affected the attractiveness of the yellow metal. And gold rose in spot transactions …

  Read More »
• 18 June 2021 1:20 pm

  The Dollar is Heading For Big Weekly Gains in Light of The US Federal Reserve’s Shift

  

  Friday, June 18th, the dollar is set to record its best weekly performance in nearly 9 months as investors raced to consider an end to US monetary stimulus sooner than expected in the days following a sudden shift in the US Federal Reserve’s tone. Since Wednesday, when US central bank …

  Read More »
• 18 June 2021 12:48 pm

  Germany Allows Entry to Travelers From Outside The European Union

  

  The German Interior Ministry said today, Thursday, that it will allow entry to people from outside the European Union from June 25, provided that they receive the full dose of the vaccine against the Coronavirus unless their countries are included in the list of regions where new strains of the …

  Read More »
• 18 June 2021 12:20 pm

  The US House of Representatives Voted to Repeal The President’s War Authorization

  

  The US House of Representatives on Thursday voted to repeal the president’s 2002 authorization for the use of military force that authorized the war in Iraq. As voting continued, the number of votes in favor of cancellation reached 265, against 162. Almost all Democrats support repealing the mandate, while most …

  Read More »
• 18 June 2021 3:09 am

  U.S. Plans Huge Investment in COVID Medicines

  

  The United States government on Thursday announced a plan to invest more than $3 billion in the research, development, and production of antiviral medicines that could be used to treat the novel coronavirus disease (COVID-19). The plan will reportedly be funded from the American Rescue Plan, which was proposed by …

  Read More »
• 18 June 2021 1:58 am

  USD Declines Against JPY Despite Rising Across the Board

  

  The U.S. Dollar (USD) declined against the Japanese Yen (JPY) on Thursday, despite rising against most of its major peers. The USD/JPY pair fell by 0.43% to 110.24, registering its biggest daily loss since June 4. The pair has now declined in two out of the past three sessions, and …

  Read More »
• 18 June 2021 1:25 am

  GBP Declines for Third Day in Row Against USD

  

  The British Pound (GBP) maintained its downwards trend against the U.S. Dollar (USD) for the third consecutive session on Thursday. A surprise hawkish change in tone by the U.S. Federal Reserve provided support for the greenback, while the Sterling remains impacted by uncertainty regarding easing lockdown measures in the U.K. …

  Read More »
• 18 June 2021 1:16 am

  EUR Extends Losses Against USD

  

  The Euro (EUR) extended its losses against the U.S. Dollar (USD) on Thursday for the second consecutive day. This comes as the USD rose across the board following the U.S. Federal Reserve’s change in tone, expecting rising inflation and two rate hikes in 2023, sooner than previously expected. The EUR/USD …

  Read More »
• 18 June 2021 12:04 am

  Wall Street Closes Mixed as Nasdaq Finishes Higher

  

  The New York Stock Exchange (NYSE) showed a mixed performance on Thursday, with Wall Street investors reacting to the recent changes indicated in the U.S. Federal Reserve policy statement, from raising inflation forecasts to expecting two rate hikes in 2023. The Fed maintained the current main interest rate near 0% …

  Read More »
• 17 June 2021 11:09 pm

  Oil Plunges as USD Surges Following Fed’s Hawkish Tone

  

  Oil prices declined on Thursday, as the U.S. Dollar (USD) surged across the board after the Federal Reserve pointed to plans to raise interest rates sooner the previously expected, in a surprise change in tone. However, the drop in crude prices was relatively limited compared with other commodities amid expectations …

  Read More »
• 17 June 2021 9:58 pm

  Gold Drops as USD Surges Following Fed’s Change in Tone

  

  Gold prices declined on Thursday and registered their largest drop in about seven months due to the strong surge by the U.S. Dollar (USD). The yellow metal futures for June delivery lost $85.70, or 4.61%, to close at $1,773.80 per ounce, its lowest closing level for gold’s most active contract …

  Read More »
• 17 June 2021 8:25 pm

  European Stocks Close Mostly Lower

  

  European stocks closed lower on Thursday, with markets reacting to the relatively hawkish expressed by the U.S. Federal Reserve as it now expects to raise interest rates earlier than expected. The STOXX Europe 600 index declined by 0.12% to close at 459.33 points, after rising for nine consecutive sessions and …

  Read More »