Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 15 August 2021 11:51 pm

  Weekly Recap: 9 – 13 August

  

  Markets are showing increased activity in M&A deals, as recent data suggested that the total value of global merger and acquisition (M&A) deals so far this year has already exceeded that of last year, amounting to $3.6 trillion year-to-date. A large chunk of this volume took place in the United …

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• 14 August 2021 6:33 am

  Wall Street End the Week Mixed

  

  The main indices on Wall Street showed a mixed performance this week, with investors focusing on earnings reports and economic indicators, and rising Treasury yields weighing on tech stocks. The Dow Jones Industrial Average rose modestly by 15.53 points to hit a new record high closing level at 35,515.38 points, …

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• 14 August 2021 6:28 am

  U.S. Treasury Yields Decline but Manage Large Weekly Rise

  

  U.S. Treasury bond yields declined on Friday, but still managed to register its biggest increase in two months. The benchmark 10-year Treasury bond yield reached 1.297% on Friday, down from 1.366% on Thursday, recording its highest weekly increase since June 25. Similarly, the two-year note return settled at 0.215% compared …

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• 14 August 2021 4:44 am

  Oil Finished the Week with Mixed Performance

  

  Oil prices declined on Friday, finishing the week on a mixed note with growing concerns about the spread of the coronavirus Delta variant and the subsequent effect on the recovery of demand for energy. Brent crude futures for October delivery lost 72 cents, or 1%, to finish at $70.59 per …

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• 14 August 2021 3:36 am

  Gold Logs Weekly Gains as USD Drops

  

  Gold prices rose on Friday after the dollar declined as the U.S. consumer sentiment dropped to its lowest level in a decade. Accordingly, the yellow metal turned higher for the week as demand for safe havens improved. The U.S. Dollar Index (DXY) which measures the greenback against a basket of …

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• 14 August 2021 1:31 am

  USD/JPY Extends Losses with Fresh Daily Lows

  

  The U.S. Dollar (USD) declined to its lowest level in about a week against the Japanese Yen (JPY) on Friday, as the greenback declined across the board after data showed a drop in consumer confidence in the United States. The USD/JPY is down for the day by about 0.74% at …

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• 13 August 2021 10:05 pm

  Dollar Declines Across the Board After Consumer Confidence Slump

  

  The U.S. Dollar (USD) declined on Friday touching its lowest level in about a week, after data showed a sharp drop in consumer sentiment in the United States. The preliminary reading of the University of Michigan consumer sentiment index dropped to 70.2 in the first half of August, hitting its …

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• 13 August 2021 9:43 pm

  U.S. Oil Rigs Register Biggest Increase in 4.5 Months

  

  The number of active rigs drilling for crude oil in the United States rose by 10 to 397 this week, data by Baker Hughes showed on Friday. This marked the largest increase for U.S. oil rigs since the beginning of April. The total rig count rose by nine to reach …

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• 13 August 2021 7:53 pm

  U.S. Consumer Sentiment Drops Sharply – UoM

  

  Consumer sentiment in the United States declined this month, registering its biggest drop since the beginning of the coronavirus pandemic. More people in the U.S. are concerned about the rising inflation and the slow pace of the labor market recovery. The University of Michigan consumer sentiment index dropped to a …

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• 13 August 2021 4:22 pm

  Gold Rises on Concern About The Virus, But is Heading Towards a Weekly Decline

  

  Gold prices rose on Friday, August 13, supported by concerns about an increase in infections with the Coronavirus, but the strength of the dollar kept the yellow metal on the path of recording the second consecutive weekly decline. Spot gold rose 0.2% to $1,756.61 an ounce. And gold is down …

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• 13 August 2021 3:34 pm

  The Dollar is Heading For a Second Weekly Gain, Thanks to Expectations That The Fed Will Cut Its Asset Purchases

  The US dollar rose on Friday, August 13th, and is on track for a second consecutive week of gains against its major rivals, as investors assess the possibility of the Federal Reserve announcing its plans to cut stimulus in the coming weeks. Data on Thursday showed that US producer prices …

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• 13 August 2021 2:51 pm

  Eurostat: Eurozone Trade Surplus Rises in June

  

  Data published by the European Union statistics office Eurostat on Friday, August 13th showed that the eurozone recorded a significant rise in its trade surplus with the rest of the world in June compared to May, as exports grew faster than imports during the month. Eurostat said the 19-nation eurozone …

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• 13 August 2021 1:50 pm

  European Shares Set For Fourth Week of Gains

  

  European shares hit new highs on Friday, August 13th, and are on track to achieve gains for the fourth consecutive week, thanks to optimism about a strong corporate earnings season and a steady recovery from the economic downturn caused by the pandemic. The pan-European Stoxx 600 index rose 0.1%, to …

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