Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 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 …

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• 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 …

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• 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 …

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• 17 June 2021 7:25 pm

  U.S. Natural Gas Storage Rises in Week

  

  Working natural gas in storage in the United States rose by 16 billion cubic feet (bcf) last week, according to estimates by the U.S. Energy Information Administration (EIA). The implied flow for the week is an increase of 67 bcf to working gas stocks, the weekly report indicated. The EIA …

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• 17 June 2021 5:40 pm

  Canada: ADP Employment Change Arrives at +101.6K in May

  

  Private sector employment in Canada increased by 101,600 jobs from April to May, the ADP Research Institute revealed in its monthly report on Thursday. This reading followed the previous print of 101,300 (revised from 351,300).

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• 17 June 2021 5:12 pm

  U.S: Weekly Initial Jobless Claims Rise to 412K

  

  There were 412,000 initial claims for unemployment benefits in the United States during the week ending June 12. The data published by the US Department of Labor showed on Thursday. This reading came in weaker than the market estimate of 359,000 and followed the previous print of 375,000.

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• 17 June 2021 4:11 pm

  Gold tumbles under $1,800

  

  Gold tumbles under $1,800 in the wake of the hawkish Fed decision to be updated …

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• 17 June 2021 3:31 pm

  Turkey: CBRT Leaves Policy Rate Unchanged at 19%

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 19% as expected. Investor sentiment was hit by news that Turkish President Recep Tayyip Erdogan told President Biden that Turkey would not change its stance on the Russian …

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• 17 June 2021 2:53 pm

  Bitcoin Drops After World Bank Slap

  

  It seems that the impact of the US Federal Reserve yesterday, Wednesday, reached the cryptocurrency market after it hit gold. To make matters worse, however, El Salvador received an expected slap from the World Bank over the country’s adoption of Bitcoin as an official tender. Bitcoin fell during trading today, …

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• 17 June 2021 2:02 pm

  Britain is Considering Easing Travel Restrictions For Those Who Have Received The Corona Vaccine

  

  Britain is considering easing travel restrictions for those who have received the two doses of the Covid-19 vaccine, in a move to placate airlines that threaten legal action against the government’s stringent restrictions on travel abroad. Pressure is mounting on the aviation sector, as companies seek to ease restrictions before …

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• 17 June 2021 1:32 pm

  Eurozone Final CPI Revised Down to 0.3% MoM in May

  

  According to Eurostat’s final reading of the Eurozone CPI report for May, the consumer prices came in at 2.0% on a yearly basis, meeting the flash estimate of 2.0% and 2.0% expectations. While the core figures rose to 1.0%, beating the 0.9% consensus forecasts.

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• 17 June 2021 1:04 pm

  Switzerland: GDP Growing Sharply in The Short Term

  

  The Swiss National Bank (SNB) gave an optimistic view of the economy in its Financial Stability Report (FSR) published on Thursday. The report indicated that in Switzerland, GDP is growing strongly in the near term and unemployment is declining.” The production capacity has also been untapped for some time.

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• 17 June 2021 12:05 pm

  Oil Prices Fall Due to The Rise of The US Dollar

  

  Crude oil prices fell on Thursday as the US dollar rose after the Federal Reserve hinted that it may raise interest rates faster than expected, but losses were limited thanks to a significant drop in US crude inventories. Brent crude futures fell 42 cents, or 0.6%, to $73.97 a barrel, …

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