Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 22 July 2021 10:59 am

  Asian Stocks Maintain Their Strength

  

  Asian stock markets followed Wall Street’s lead, rising on Thursday’s trading, amid positive corporate earnings and optimism about the US economic recovery. The Hang Seng Index led the gains, jumping more than 1.5%, on reports that China will continue to open its financial sector and improve rules for foreign banks …

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• 22 July 2021 10:39 am

  Ethereum Jumps After Elon Musk Confirms He Owns The Cryptocurrency

  

  The price of Ethereum soared Wednesday, July 21, after Tesla and SpaceX CEO Elon Musk said he owns the cryptocurrency at The B Word, an event hosted by the Crypto Council on Innovation. Ethereum, which was already rising on the day, reached its session highs after Musk’s comments. Musk also …

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• 22 July 2021 8:39 am

  What You Need to Know About the Digital Euro Project

  

  Financial technology has led to huge developments in the industry over the past decades, and one area in particular that is currently attracting growing interest from central banks around the world is digital currencies. The European Central Bank (ECB) has already launched a project to create a digital version of …

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• 22 July 2021 2:40 am

  Dollar Drops as Risk Sentiment Improves

  

  The U.S. Dollar (USD) declined on Wednesday, dropping across the board, amid an improvement in the risk appetite among investors. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies is down by 0.24% at 92.75, after fluctuating throughout the day between 92.726 and …

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• 22 July 2021 1:14 am

  Oil Scores Gains Above 4% for First Time in Three Months

  

  Oil prices surged on Wednesday, maintaining a rising trend for the second consecutive session, following a huge drop at the beginning of the week, despite data showing another increase in crude inventories in the U.S., with markets witnessing a broader improvement in risk appetite among investors. Brent crude futures for …

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• 21 July 2021 11:52 pm

  Bitcoin Recovers from Lowest Level in a Month

  

  Cryptocurrencies rebounded on Wednesday, recovering from a recent sell-off wave, as Bitcoin restored its level above $30,000. The world’s largest cryptocurrency in terms of market capitalization rose as high as $32,765 earlier today, on the back of improved risk sentiment among investors. Bitcoin is up by about 6.5% trading at …

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• 21 July 2021 10:56 pm

  Gold Registers Biggest Daily Drop in Two Weeks

  

  Gold prices resumed losses on Wednesday, falling for the third time in four sessions, despite a mixed performance by the U.S. Dollar (USD) with lower demand for safe havens as stock markets surged to recover from earlier declines. The yellow metal’s front-month futures Gold for July delivery lost $8.00, or …

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• 21 July 2021 10:02 pm

  European Union Rejects British Call for New Northern Ireland Deal

  

  The European Union has reportedly rejected a proposal by the United Kingdom to discuss a new post-Brexit trade deal, regulating Northern Ireland, Reuters reported. Last year, an arrangement has already been reached regarding the issue after four years of negotiations between the two parties. However, businesses in Northern Ireland are …

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• 21 July 2021 9:35 pm

  European Stocks Log Highest Daily Gain in 12 Weeks

  

  European stocks finished higher on Wednesday for the second consecutive session, amid an improvement in investors’ sentiment, despite concerns about the Delta variant of the coronavirus (COVID-19). The STOXX Europe 600 index surged by 7.36 points or 1.65% to close at 453.97 points, supported by large gains by blue chips, …

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• 21 July 2021 8:01 pm

  U.S. Oil Inventories Rise for Ninth Week in Row

  

  Crude oil inventories in the United States continued to increase for the ninth consecutive week, adding 2.1 million barrels in the week ending July 16, according to official figures released on Wednesday. The U.S. Energy Information Administration (EIA) reported a decline in gasoline stockpiles by 100,000 barrels, while distillate inventories …

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• 21 July 2021 7:10 pm

  Georgieva: The IMF Keeps its Forecast for Global Growth at 6% in 2021

  

  International Monetary Fund Managing Director Kristalina Georgieva said Wednesday, July 20, that the IMF’s estimates this month indicate that global growth in 2021 will be about 6 percent, the same as the forecast issued in April, but with some countries growing at a faster pace and some at a slower …

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• 21 July 2021 6:37 pm

  Wall Street Opens Higher After Strong Results

  

  Major US stock indexes opened higher on Wednesday, with renewed optimism about the health of the US corporate sector after strong quarterly results from companies such as Johnson & Johnson and Coca-Cola. The Dow Jones Industrial Average rose 45 points, or 0.13 percent, to 34,556.96 points, the S&P 500 index …

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• 21 July 2021 6:11 pm

  IMF: Global Economy Suffers Losses of $ 15 trillion due to Covid-19

  

  First Deputy Managing Director of the International Monetary Fund, Jeffrey Okamoto, expected that the global economy would lose about 15 trillion dollars from 2020 to 2024 due to the Coronavirus pandemic. According to an article published on the IMF’s website, Okamoto said that since March 2020, governments have spent $16 …

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