Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 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, …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 11 June 2021 4:53 pm

  EU Eases Cross-Border Travel Restrictions During Summer

  

  European Union countries have agreed to ease travel restrictions during the summer, allowing tourists who have received full vaccinations to avoid examinations or quarantine, as well as expanding the list of European Union regions from which it is safe to travel. Portugal, the current president of the European Union, said …

  Read More »
• 11 June 2021 4:16 pm

  Breaking: The Euro Settles Below The 1.2170 Support Level And Continues to Decline

  

  After the moves of the European Central Bank and the rise of the US dollar, the euro settles below the 1.2170 support level and continues to decline To be updated…

  Read More »
• 11 June 2021 3:34 pm

  Central Bank of Russia Hikes Policy Rate by 50 Basis Points to 5.5% in June

  

  Russia’s central bank announced on Friday that it hiked its policy rate by 50 basis point to 5.5% following its June policy meeting.

  Read More »
• 11 June 2021 3:02 pm

  Investors Turn a Blind Eye to Inflation Figures And ECB is Dovish

  

  After a week of anxious waiting, the markets received the high US inflation number they had been dreading, then shrugged it off and moved on, leaving the USD under pressure and most of the major currencies stuck in tight ranges. In early trading in the Asian session, the dollar incurred …

  Read More »
• 11 June 2021 2:03 pm

  Oil is Falling But Heading For a Third Weekly Rise

  

  Oil prices fell on Friday, June 11, but are heading to rise for a third week, thanks to expectations of a recovery in fuel demand in Europe, China, and the United States, as increased vaccination rates lead to easing restrictions imposed due to the Corona pandemic. Brent crude futures were …

  Read More »
• 11 June 2021 1:21 pm

  European Shares Extend Gains For The Sixth Day

  

  European shares extended gains for the sixth session Friday, June 11, supported by hopes that major central banks will continue to pursue an accommodative monetary policy despite signs of rising inflation, while gains in mining and travel companies lent support to indexes in the region. The Stoxx600 index of European …

  Read More »
• 11 June 2021 12:45 pm

  Gold Exceeds $1,900 as The Dollar And US Bond Yields Drop

  

  Gold prices rose above $1,900 an ounce Friday, June 11th, supported by a weaker dollar and lower Treasury yields, after data showing high inflation in the United States was deemed insufficient for the US Federal Reserve to change its monetary policy. And gold rose in spot transactions 0.1% to $ …

  Read More »
• 11 June 2021 12:30 pm

  Japan Shares Close Lower as Sectors of The Economic Cycle Decline And Toshiba Falls

  

  Japanese stocks closed slightly lower Friday, June 11th as losses incurred by cyclical stocks, as well as banks and real estate companies offset gains made by the technical heavyweights in the market. The Nikkei index fell 0.03% to 28,948.73 points, while the broader Topix index fell 0.14% to 1954.02 points. …

  Read More »
• 11 June 2021 9:02 am

  Inflation Surge Unlikely to Force Fed to Change Lanes

  

  The recent surge in consumer inflation in the United States is likely to be temporary, as recent remarks by the Federal Reserve officials indicated prior to the release of last month’s reading of the consumer price index (CPI) which rose 5% on an annual level. The inflation rate, which exceeded …

  Read More »
• 11 June 2021 5:56 am

  Wall Street Closes Higher Despite Surge in Inflation

  

  The New York Stock Exchange (NYSE) finished higher on Thursday, with the S&P 500 closing at a new record high, with Wall Street investors seemingly showing no concern over the surge in inflation that was shown by the consumer price data for last month. The Dow Jones Industrial Average rose …

  Read More »