Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 29 June 2021 12:53 pm

  Oil’s Rally Faltering, Where is the Crude Oil Heading??

  

  Oil prices fell for a second session on Tuesday, June 29, on concerns about slowing growth in fuel demand, as the outbreak of the most contagious delta from Covid-19 imposes new restrictions on movement around the world. Brent crude futures were down 26 cents, or 0.4%, at $74.42 a barrel, …

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• 29 June 2021 3:42 am

  Fed Officials Express Views on Recovery, Housing Market, and Digital Currencies

  

  Federal Reserve Bank of Richmond President Thomas Barkin believes the Fed has achieved substantial further progress toward its inflation target, signaling his view that tapering asset purchases should begin soon. “It’s pretty clear to me we have had substantial further progress against our inflation goal.” Barkin also explained that he …

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• 29 June 2021 2:24 am

  Crypto Assets Face Scrutiny in U.K. and Japan

  

  With cryptocurrencies, led by Bitcoin, still impacted by the crackdown by the Chinese government against mining and trading due to concerns over high energy consumption and financial risks, other crackdowns are leading to more concerns over crypto asset. In the United Kingdom (U.K.), market regulators are putting increases scrutiny on …

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• 29 June 2021 1:05 am

  S&P 500 and Nasdaq Log New Records as Tech Stocks Surge

  

  The New York Stock Exchange (NYSE) finished mostly higher on Monday with the S&P 500 and Nasdaq indices finishing at new record highs, while the Dow declined. Technology companies showed a positive performance with Facebook exceeding a valuation of $1 trillion for the first time, following the dismissal of an …

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• 28 June 2021 11:58 pm

  Oil Down to Lowest Level in Week Ahead of OPEC Meetings

  

  Oil prices declined on Monday and closed at their lowest level in more than a week, with markets awaiting the outcomes of the coming OPEC+ meeting. Uncertainty regarding production policies coupled with concerns over the rising number of COVID-19 cases in some countries are weighing on energy markets. The OPEC+ …

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• 28 June 2021 11:28 pm

  Gold Closes Higher as USD Wanes

  

  Gold futures finished higher on Monday, as the U.S. Dollar (USD) showed a relatively weak performance at the beginning of the week. Markets are anticipating key economic data this week, with some analysts seeing the yellow metal possibly restoring the $1,800 level. Gold futures for August delivery gained $2.90, or …

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• 28 June 2021 11:05 pm

  USD/CAD Rises as Oil Prices Decline

  

  The U.S. Dollar (USD) rose against its Canadian counterpart (CAD) on Monday, with the latter falling on the decline in crude oil prices. The USD/CAD pair is trading higher for the day by about 0.37% at 1.2337. The pair has been moving in a mostly rising trend today, in a …

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• 28 June 2021 9:54 pm

  European Stocks Finish Lower on COVID-19 Concerns

  

  European stocks closed lower on Monday, amid concerns about the rising number of coronavirus (COVID-19) cases in a number of countries. The Stoxx Europe 600 index declined by 0.59% to finish at 454.94 points. Travel and leisure stocks took a strong hit and dropped by 4.3% over concerns about the …

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• 28 June 2021 8:26 pm

  Wall Street Opens Mixed and Nasdaq Hits New Record

  

  The main indices of the New York Stock Exchange (NYSE) opened higher on Monday, with Wall Street beginning the week with a positive performance and the Nasdaq hitting a new all-time high, on the back of gains by tech stocks. Concerns about the rising number of coronavirus cases in Asia …

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• 28 June 2021 7:28 pm

  Dallas Fed Manufacturing Index Accelerates in June

  

  Factory activity in Texas expanded at a faster pace this month, according to data by the Federal Reserve Bank of Dallas. The Texas factory production index, a key measure of state manufacturing conditions, increased in June by 14 points to 29.4, according to the results of the Texas Manufacturing Outlook …

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• 28 June 2021 4:43 pm

  U.S Cut Production of Shale Oil Until Crude Prices Rise

  

  Despite the trend of oil prices to reach about $ 75 a barrel, shale oil producers in the United States are fulfilling their pledges to maintain the current level of spending and production stability, unlike what happened during previous booms. In the past, the rise in crude oil prices, as …

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• 28 June 2021 3:23 pm

  Dollar Index Steady as Attention Turns to US Jobs Data

  

  The dollar was largely stabilized as global markets began to be in a state of caution at the start of the week, while currency markets’ attention turned to US jobs data due out on Friday. Some analysts attributed the lack of momentum during trading in Asia to an increase in …

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• 28 June 2021 2:32 pm

  The Times: Merkel Wants to Classify Britain as a “Country of Concern” Because of The “Delta” Variant

  

  Germany will try to ban British travelers from entering the European Union, regardless of whether they have received a COVID-19 vaccine or not, the Times newspaper said. The newspaper added that German Chancellor Angela Merkel wants to classify Britain as a “country of concern” due to the large spread of …

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