Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 21 July 2021 12:22 pm

  Crude Oil Prices Fall on Unexpected Surge in US Stocks

  

  Oil prices fell after a sector report showed an unexpected increase in US crude stocks last week, stoking fears that a new surge in Covid-19 infections could reduce demand for fuel. Brent crude futures fell 36 cents, or 0.5 percent, to $ 68.98 a barrel at 0628 GMT, giving up …

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• 21 July 2021 11:37 am

  The US Dollar Approaching Annual Peaks, ECB In Sight

  

  The dollar stood within shouting distance of new record annual peaks on Wednesday, as fears of rising covid-19 infections capped gains from interest rate hike expectations. Meanwhile, investors are waiting to get signs from the European Central Bank on their next move. On Tuesday, the euro touched its lowest level …

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• 21 July 2021 10:56 am

  India Records Highest Daily Death Toll in a Month due to Covid-19

  

  India’s health ministry data showed that the country recorded 4,2015 new coronavirus cases in the last 24 hours, while the number of deaths jumped by 3,998, the highest daily toll since June 12. The data revealed that the total number of injuries reached 31.22 million cases, while the deaths amounted …

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• 21 July 2021 10:25 am

  Germany Records 2,203 New Infections With Coronavirus

  

  Data from the Robert Koch Institute for Infectious Diseases showed on Wednesday that the number of confirmed cases of coronavirus in Germany rose by 2,203 to 3,748,613. The data revealed that the country recorded 19 new deaths from the disease, bringing the total to 91,416.

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• 17 July 2021 7:04 am

  Weekly Recap: 12-16 July

  

  The second week of July was highlighted by the release of inflation data in many parts around the world led by the U.K., the U.S., and the European Union. The U.S. Consumer Price Index (CPI) jumped 5.4% in June, following a 5% increase in May, with core CPI also rising …

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• 17 July 2021 2:19 am

  NYSE Snaps Three-Week Rising Streak

  

  The New York Stock Exchange (NYSE) closed lower on Friday, erasing earlier gains after data showed increased fears over inflation reflecting negatively on consumer confidence. All the major indices finished the week in losses, ending a three-week rising streak that saw multiple record-breaking levels. The Dow Jones Industrial Average lost …

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• 17 July 2021 1:10 am

  Oil Edges Higher Recording Large Weekly Decline amid Uncertainty

  

  Oil prices saw a modest increase on Friday but to failed to recovery its large weekly losses, the biggest in about two months, which are mostly due to uncertainty about a new production policy agreement by the OPEC+ alliance, despite recent reports suggesting extending the current deal until the end …

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• 16 July 2021 11:45 pm

  Gold Closes Lower to Narrow Weekly Rise

  

  Gold prices decreased on Friday, limiting its fourth consecutive weekly rise, amid fluctuations by the U.S. (USD) that seem to be struggling for direction after the recent remarks by the Federal Reserve Chair Jerome Powell relatively eased concerns about the recent surges in inflation. Gold futures front-month contracts for July …

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• 16 July 2021 10:42 pm

  U.S. Rigs Increase for Third Straight Week

  

  The number of active oil and natural gas rigs in the United States increased for the third consecutive week, for the first time since May, despite the recent drop in crude prices, data by Baker Hughes showed on Friday. The total rig count rose by five to 484 in the …

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• 16 July 2021 9:36 pm

  European Stocks Finish the Week in Losses

  

  Europe’s stocks closed lower on Friday, nearly doubling their weekly losses amid concerns about the resurgence of the coronavirus pandemic with the spread of the Delta Variant. STOXX Europe 600 lost 1.46 points or 0.32% to close at 454.74, registering its third consecutive daily decline, down for the week by …

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• 16 July 2021 8:45 pm

  U.S. Business Inventories Rise in May

  

  Business inventories in the United States increased by 0.5% in May, according to official data. The increase came above the expected 0.1%, with businesses aiming to cope with the rising demand as the economy reopens and shows more signs of recovery from the coronavirus pandemic (COVID-19). Moreover, the ratio of …

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• 16 July 2021 7:45 pm

  Canada’s Wholesale Sales Rise in May to New Record

  

  Wholesale sales in Canada increased in May for the third consecutive month, setting a new record, according to data by Statistics Canada. The wholesale sales rose 0.5% in May to reach $72.2 billion, supported by the growing sales of food and machinery. Food sales leveled up 3.3% to $11.4 billion, …

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• 16 July 2021 5:44 pm

  The US Dollar Approaching Monthly Peaks Supported by Powell’s Comments

  

  The dollar, when tracked by the US dollar index DXY, expands optimism in the second half of the week and approaches monthly tops around 92.80, and the index advances for the second consecutive session and trades near the monthly peak located in the 92.80 / 85 range, always on the …

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