Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 29 June 2021 4:56 pm

  Germany: Annual HICP Declines to 2.1% in June

  

  Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.4% (preliminary) on a monthly basis in June from 0.5% in May, the data published by Destatist showed on Tuesday. On a yearly basis, the CPI declined to 2.3% from 2.5%. Both of these readings came …

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• 29 June 2021 3:40 pm

  Travel Ban in Britain Due to The Outbreak of The New Strain of Corona

  

  The health authorities in the United Kingdom announced the highest rate of infection with the Corona virus since January 30, as the authorities recorded about 22,868 new confirmed cases of the Coronavirus in just one day. This sudden rise in new cases of Coronavirus in the United Kingdom is due …

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• 29 June 2021 2:33 pm

  Dollar Hovers Below Two-Month High Ahead of USJobs Report

  

  The dollar rose on Tuesday, June 29, approaching a two-month high against major currencies, with many traders largely reluctant to bet before an important US jobs report could change the timing of the Federal Reserve’s halt to stimulus programs. The dollar index, which tracks the dollar’s movement against six major …

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• 29 June 2021 1:51 pm

  Gold Falls Due to The Strength of The Dollar and The Tendency of US Fed to Raise Interest Rates

  

  Gold prices fell on Tuesday, June 29, hovering near the lowest level in a week, which it reached in the previous session, as it was pressured by the rise of the dollar and fears that the US Federal Reserve will tighten its monetary policy earlier than expected. Spot gold fell …

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• 29 June 2021 12:54 pm

  Japan Shares Fall on Delta Concerns

  

  Japanese stocks fell on Tuesday, June 29, as losses in cyclical stocks outpaced gains in technology companies, as the outbreak of the most contagious delta strain of Covid-19 raised fears of derailing the global economic recovery. The Nikkei index fell 0.81% to 288212.61 points, while the broader Topix index lost …

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• 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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