Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 5 August 2021 3:26 pm

  Bank of England Leaves Policy Settings Unchanged as Expected

  

  The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% following the August policy meeting and kept the Asset Purchase Facility steady at £895 billion as widely expected.

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• 5 August 2021 3:00 pm

  US Stock Futures Continue to Rise Ahead of Wall Street Open

  

  Futures contracts linked to the major US stock indexes rose moderately in Thursday morning trading as Wall Street appeared to be improving in a mixed week. Waiting for the US labor market data, which is considered the latest and most prominent in the US market this week. At 9:31 AM …

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• 5 August 2021 2:01 pm

  Oil Gives up Early Gains on Corona Fears

  

  Oil prices fell on Thursday, giving up early gains, as more countries imposed restrictions on movement in light of the increase in cases of the Coronavirus and the rise in the dollar, although tension in the Middle East prevented further decline. On Thursday, Japan expanded emergency restrictions to include more …

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• 5 August 2021 1:19 pm

  Gold Loses Its Luster With The Rise of The Dollar After The Statements of The US Fed

  

  Gold prices came under pressure Thursday, August 5th, after comments from the US Federal Reserve boosted the dollar, while investors are now focusing on non-farm payrolls data for indications of a labor market recovery. And gold fell in spot transactions 0.1 percent to $ 1809.91 an ounce, while US gold …

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• 5 August 2021 12:17 pm

  German Industrial Orders Rebound on Strong Domestic Demand

  

  Thursday, August 5th data showed orders for German-made goods rose more than expected in June, driven by bookings of large industrial products primarily by domestic customers. Data published by the Federal Statistics Office showed that orders for “made in Germany” goods jumped 4.1% month-on-month, after adjusting for seasonal factors. This …

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• 5 August 2021 11:29 am

  The Turkish lira touches its lowest level in a week

  

  On Thursday, August 5th, the Turkish lira touched its lowest level against the US dollar in a week on concerns about monetary policy after Turkish President Recep Tayyip Erdogan said interest rates would fall. The lira hit 8.55 against the dollar, down from a close of 8.48 on Wednesday. And …

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• 5 August 2021 10:51 am

  Uber’s Results Beat Expectations in Q2

  

  Uber announced its results for the second quarter of this year, which came in better than expected. Earnings per share: 58 cents versus an expected loss of 51 cents. Revenues: $3.93 billion, compared to an expected $3.75 billion. Uber reported a net profit of $1.1 billion for the quarter. This …

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• 5 August 2021 4:23 am

  U.S. to Require Foreign Visitors be Fully Vaccinated

  

  The United States Senate is developing a plan that will require foreign visitors to be fully vaccinated against the coronavirus (COVID-19), Reuters reported on Wednesday, citing a White House official. The move comes in line with the preventive measures taken with the expected easing of travel restrictions. The CDC recently …

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• 5 August 2021 4:11 am

  Wall Street Finishes Mostly Lower

  

  The New York Stock Exchange (NYSE) closed mostly lower on Wednesday, with Wall Street investors reacting to a weaker than expected jobs data and remarks by the Federal Reserve Vice Chairman Richard Clarida on recovery from the pandemic. The Dow Jones Industrial Average lost 323.73 points, or 0.9%, to close …

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• 5 August 2021 4:00 am

  Oil Prices Register Third Consecutive Daily Loss

  

  Oil prices extended losses on Wednesday for the third consecutive session, after data showed an increase in crude inventories in the United States against market expectations, coupled with a weaker than expected ADP jobs report. Pandemic-related concerns and fears surrounding demand recovery from the coronavirus crisis with the spread of …

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• 5 August 2021 3:15 am

  Gold Closes with Modest Gains

  

  Gold futures finished nearly unchanged on Wednesday amid a rebound by the U.S. Dollar (USD) and an improved investors’ sentiment. The yellow metal maintained modest gains, with front month futures gaining 40 cents, or 0.02%, to close at $1,810.50 per ounce. A weaker than expected ADP jobs report in the …

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• 4 August 2021 11:59 pm

  Yellen Warns Against Neglecting Biden’s Spending Plans

  

  The United States Secretary of the Treasury, Janet Yellen, is warning against partisan disagreements over the huge infrastructure investment plan, proposed by President Joe Biden. A copy of Yellen’s remarks was obtained earlier today by CNBC, ahead of a speech that she will give on Wednesday in Atlanta. Yellen reportedly …

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• 4 August 2021 10:30 pm

  European Stocks Finish at New Record High

  

  Europe’s stocks logged another all-time high closing level on Wednesday, supported by an improved investors’ sentiment pushed by the recent positive earnings reports. Pandemic-related concerns with the spread of the Delta variant had a lesser impact on European exchanges today, with positive economic data easing worries about economic recovery. Business …

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