Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 26 July 2021 3:12 pm

  A Sudden Drop in The IFO Business Climate Index in Germany

  

  A survey showed on Monday that the IFO index of business confidence recorded a surprise decline in July, as concerns about the supply chain persisted and amid a rise in Coronavirus infections. The Ifo institute said its business climate index fell to 100.8 from 101.7 after being revised in June. …

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• 26 July 2021 2:15 pm

  European Shares Drop From Their Highs

  

  European shares fell from their highest levels ever, after fears of regulation plunged into stock markets in Asia, while shares of automakers fell after a strong performance last week. The pan-European Stoxx 600 index fell 0.4%, with auto stocks leading losses. Porsche shares fell 4.5% as shares were traded without …

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• 26 July 2021 1:45 pm

  Oil Drops One Dollar a Barrel Due to Corona And Torrential Rains

  

  Oil prices fell nearly a dollar on Monday as concerns about demand caused by the spread of mutated strains of the Coronavirus, as well as torrential rains in China, dispelled expectations of tight supplies for the rest of the year. Brent crude futures for September delivery fell 95 cents, or …

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• 26 July 2021 1:15 pm

  Nikkei Follows Global Gains But Virus Fears Undermine Sentiment

  

  Japanese shares closed higher on Monday, tracking gains in global stock markets thanks to positive corporate results, but the gains were curbed by concerns about global Covid-19 cases that could weaken the country’s economic recovery further. The Nikkei rose 1.77% in early trading after a four-day weekend that saw the …

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• 26 July 2021 12:47 pm

  Dollar And Yen Rise as Risk Appetite Declines Ahead of Fed Meeting

  

  The safe-haven yen and the US dollar started the week on the rise against more risky currencies such as the Australian dollar, as the rise in Covid-19 cases and the decline of stocks in Asia led to a state of caution ahead of the Federal Reserve (US Central Bank) meeting …

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• 26 July 2021 12:00 pm

  China Says The U.S. is The ‘inventor of coercive diplomacy’

  

  The United States is the “inventor of coercive diplomacy”, China’s vice foreign minister Xie Feng told U.S. Deputy Secretary of State Wendy Sherman on Monday, according to a statement on the foreign ministry website.

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• 26 July 2021 11:30 am

  Bitcoin Jumps After Amazon Headlines

  

  Cryptocurrencies rallied strongly today, with Bitcoin surge during the morning by more than 15%, on news that Amazon may be adding cryptocurrencies as a payment method. Elon Musk tweeted that this is the “big bang.” The e-commerce giant is reportedly hiring experts for blockchain and cryptocurrency payments among the latest …

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• 26 July 2021 11:05 am

  China Asks The US to Remove Restriction on Communist Party Members

  

  China asks the US to remove visa restrictions on Chinese communist party members, Xinhua News Agency reported, citing comments from the country’s Vice Foreign Minister Xie Feng following his meeting with the US Deputy Secretary of State Wendy Sherman.

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• 26 July 2021 10:30 am

  British MPs Report: The UK Will be Exposed to Financial Risks For Decades Due to The Cost of The Corona Pandemic

  

  Reports by British parliament members said that the government will be exposed to financial risks for decades as a result of spending 372 billion pounds on the Corona pandemic, adding that more than two billion pounds has been spent on unusable protection tools. The Parliament’s Public Accounts Committee said in …

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• 24 July 2021 12:38 pm

  Weekly Recap: 19-23 July

  

  The World Health Organization has called upon all countries around the world to cooperate in finding out the origin of the novel coronavirus, despite the Chinese rejection of the proposed scope for the second phase of the investigation, as the scope includes inspecting the hypothesis that the virus could have …

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• 24 July 2021 7:29 am

  Silver Finishes Week with Large Losses

  

  Silver finished the week with large losses that are the biggest in five weeks, due to the diminishing demand for safe havens as reflation fears eased and risk appetite improved among investors. The silver metal has now maintained a downward trend for three consecutive weeks. Silver futures lost 14.70 cents …

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• 24 July 2021 3:14 am

  Oil Snaps Three-Week Declining Streak with Modest Gains

  

  Oil prices continued to rise on Friday for the fourth consecutive session, scoring their first weekly rise in four weeks, with investors shrugging off concerns about output policy and a slower than expected recovery from the coronavirus crisis. The global benchmark Brent crude futures for September delivery added 31 cents …

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• 24 July 2021 12:56 am

  Gold Snaps Four-Week Rising Streak Maintaining $1,800 Key Level

  

  Gold prices declined on Friday, extending their weekly decline that snapped a four-week rising streak, amid the rise of the U.S. Dollar (USD) and an improvement in risk appetite among investors, who seem to be less worried about reflation and slow recovery concerns. However, the yellow metal was supported by …

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