Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 6 August 2021 12:27 pm

  Gold falls due to the rise of the dollar before the US jobs report

  

  Gold fell on Friday, August 6, to stay near the important level of $1800 an ounce, as it came under pressure from the stronger dollar as investors awaited the US jobs report for indications on the Federal Reserve’s stance on policy. And gold fell in immediate transactions 0.3% to $ …

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• 6 August 2021 10:44 am

  Italy Records 27 Deaths From The Coronavirus And 7230 New Cases

  

  Italy recorded 27 new deaths linked to the Coronavirus today, down from 21 the previous day, while the total of new cases rose to 7,230 from 6,596, the Ministry of Health said. Italy has recorded 128,163 deaths related to Covid-19 since the pandemic emerged in the country in February last …

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• 6 August 2021 4:14 am

  Wall Street Closes at Record Highs on Employment Data

  

  The New York Stock Exchange (NYSE) continued to break record highs on Thursdays, with Wall Street investors reacting to the decline in jobless claims and ahead of the release of July’s employment data. The initial claims for unemployment benefits in the U.S. fell by 14,000 to 385,000 last week and …

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• 6 August 2021 3:53 am

  Fed’s Waller Denounces Digital Dollar

  

  The U.S. Federal Reserve Board Governor Christopher Waller is against recent moves to explore the establishment of a digital Dollar. Waller acknowledged the growing interest from central banks towards digital currencies but said that he remains skeptical that a digital Dollar would solve any major problem confronting the U.S. payment …

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• 6 August 2021 2:38 am

  Dollar Nearly Unchanged for the Day

  

  The U.S. Dollar (USD) finished Thursday nearly unchanged after fluctuations earlier in the session, following hawkish comments from the Federal Reserve. Recent remarks by Fed Governor Christopher Waller and Vice Chairman Richard Clarida suggested that the central bank could begin scaling back the accommodative policies and move to normalization in …

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• 6 August 2021 2:28 am

  Oil Closes Higher for First Time in Four Days

  

  Oil snapped a three-session losing streak to close higher on Thursday, amid concerns about the spread of the Delta variant of the coronavirus. Brent crude futures for October delivery added 54 cents, or 0.8%, to close at $70.92 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for September …

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• 6 August 2021 12:30 am

  Fed’s Waller Sees Tapering Sooner than Expected

  

  U.S. Federal Reserve Governor Christopher Waller said on Thursday that economic recovery is progressing with the labor market showing improvement signs, which could lead to scaling back the accommodative monetary policy soon. Speaking to the American Enterprise Institute, Weller said that he is sure the U.S. economy will recover. “We …

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• 6 August 2021 12:00 am

  Gold Closes at Lowest in a Week

  

  Gold prices declined on Thursday for the second time in three sessions, despite the U.S. Dollar (USD) fluctuating against major currencies. The yellow metal has been under some selling pressures due to profit making and a relative improvement in risk sentiment that provided support for stock markets, with investors monitoring …

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• 5 August 2021 10:51 pm

  European Stocks Close at Another Record High

  

  European stocks continued to push higher into new record levels on Thursday, with investors monitoring economic data and earnings reports. The STOXX Europe 600 index added 1.74 points, or 0.37%, to close at 469.96 points. The pan-European index has maintained a rising trend for four consecutive sessions, breaking multiple record …

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• 5 August 2021 8:06 pm

  U.S. Natural Gas Supplies Increased Last Week: EIA

  

  Natural gas inventories in the United States increased by 13 billion cubic feet for the week ending July 30, according to estimates by the U.S. Energy Information Administration (EIA) released on Thursday. Total natural gas stockpiles reached 2.727 trillion cubic feet, down by 542 billion cubic feet compared with the …

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• 5 August 2021 5:31 pm

  US: Weekly Initial Jobless Claims Decline to 385K

  

  There were 385,000 initial claims for unemployment benefits in the US during the week ending July 31, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 399,000 (revised from 400,000) and came in slightly above the market expectation of …

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• 5 August 2021 4:28 pm

  Bailey Speech: Useful to Have a Predictable Path For Reversing QE

  

  “Remarkable how little headline news there has been on UK economic activity since May.” “Our view is inflation pressures will reduce.” “We don’t see a spike in unemployment when furlough ends.” “Number of unemployed people will be about 250,000 higher than before pandemic.” “Should economy grows as expected, some modest …

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• 5 August 2021 3:28 pm

  BoE Press Conference: Governor Bailey speech live stream – August 5

  

  Following the Bank of England’s (BoE) decision to leave the policy rate and the Asset Purchase Facility unchanged at 0.1% and £895B, BoE Governor Andrew Bailey will deliver his remarks on the policy outlook.

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