Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 25 June 2021 9:40 pm

  U.S. Rig Count Stabilizes This Week

  

  The number of rigs drilling for crude oil and natural gas in the United States remained unchanged this week, data showed on Friday. The rig count stood at 470 for the week ending June 25, according to the weekly report by Baker Hughes. The number of oil rigs decreased by …

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• 25 June 2021 8:26 pm

  AUD/USD Maintains Some Gains Below 0.76

  

  The Australian Dollar (AUD) rose on Friday against its U.S. counterpart, as the U.S. Dollar (USD) continues to fluctuate with markets yet to clearly understand the future path of inflation and the the subsequent changes in interest rates and the broader monetary policy. The AUD/USD pair rose in earlier trades …

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• 25 June 2021 7:32 pm

  Michigan Consumer Sentiment Index Eases in June

  

  U.S. consumer confidence declined in late June, according to data by the University of Michigan released on Friday. The Index of Consumer Sentiment eased to 85.5 from an initial reading of 86.4 earlier this month. Compared with its reading in May at 82.9, consumer sentiment maintained an improvement.               The current …

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• 25 June 2021 4:38 pm

  US Annual Core PCE Inflation Rises to 3.4% in May

  

  Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, was 0.4% in May, the US Bureau of Economic Analysis reported on Friday. On a yearly basis, the PCE Price Index edged higher to 3.9% from 3.6%, compared to analysts’ estimate of 4%. Stock market futures …

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• 25 June 2021 4:24 pm

  ECB: Eurozone Will Recover Faster Than Expected, But Support is Still Needed

  

  European Central Bank President Christine Lagarde told European Union leaders that the Eurozone is recovering faster than previously expected, but still needs continued fiscal and monetary support so that the coronavirus pandemic does not leave a permanent scar. “Continued support of fiscal and monetary policy will be needed to avoid …

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• 25 June 2021 3:24 pm

  The Dollar is Worried Before Inflation Data

  

  The dollar retracted in Asia Friday, June 25 as a deal on infrastructure spending in the US boosted appetite for riskier currencies, but the cautious mood ahead of key US inflation data kept losses to a minimum. The risk-sensitive Australian and New Zealand dollars rose slightly, while the euro gained …

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• 25 June 2021 2:23 pm

  The US Food And Drug Administration Approves Actemra to Treat Corona in Hospitals

  

  The US Food and Drug Administration said it has authorized emergency use of Actemra to treat adult and pediatric COVID-19 patients in hospitals, and an emergency use authorization has been issued to Genentech, a unit of Roche Holdings Inc. The Food and Drug Administration said the drug could be used …

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• 25 June 2021 1:44 pm

  German Consumer Sentiment Rises More Than Expected

  

  A survey showed that German consumer sentiment improved more than expected as July approached as consumers became more optimistic and wanted to buy after Europe’s largest economy lifted public isolation measures amid a significant drop in coronavirus infections. The GFK institute said its consumer sentiment index, based on a survey …

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• 25 June 2021 1:05 pm

  European Shares Near a Record High

  

  European shares approached record highs Friday, June 25, as construction-related shares tracked a jump on Wall Street on the back of a bill on infrastructure spending, while Credit Suisse rose after Reuters reported that the bank is considering a possible merger with UBS. Shares of the scandal-hit Swiss bank surged …

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• 25 June 2021 12:32 pm

  Japan Shares Rise at The End of The Week, Tracking The Strong Closing of Wall Street

  

  Japanese stocks closed higher on Friday, June 25, as cyclical and technology-related stocks followed the strong shutdown of Wall Street, but gains were capped by concerns about the country’s economic recovery as well as a cautious outlook for US stocks. The benchmark Nikkei index rose 0.66% to 29,066.18 points, while …

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• 25 June 2021 4:44 am

  Biden: We Have a Deal on Infrastructure

  

  U.S. President Joe Biden announced that a bipartisan deal has been reached on the infrastructure plan with a vote on the draft bill expected this summer. The five-year mega plan includes huge government spending and investments of about $1 trillion, with the aim of revitalizing the job market, and overhaul …

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• 25 June 2021 1:25 am

  Wall Street Scores Gains on Biden’s Infrastructure Plan

  

  The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday, with Wall Street investors optimistic about the recent agreement on a new infrastructure plan promising increased work for a number of listed companies. The Dow Jones Industrial Average closed at 34,196.82, rising by 322.58 points, or …

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• 24 June 2021 11:35 pm

  Natural Gas Futures Log Biggest Rise in Two Weeks

  

  Natural gas futures on the New York Mercantile Exchange (NYMEX) registered on Thursday its largest rise in about two weeks, maintaining an upward trend for three consecutive sessions, amid expectations for a recovery in the global energy demand. July futures gained 8.50 cents, or 2.55%, to settle at $3.4180 per …

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