Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 24 August 2021 3:25 pm

  The Pound Maintains Its Gains Against The Dollar Despite Selling Pressures

  The British pound maintained its gains against the US dollar and the euro, although it fell slightly in early trading on Tuesday. It maintained its gains that exceeded 1% during Monday’s trading, in conjunction with the recovery of risk appetite in global markets and the recovery witnessed in stock markets …

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• 24 August 2021 2:35 pm

  Gold Falls, Hovers Above $1,800 on Virus Fears

  

  Gold prices fell on Tuesday, August 24th but hovered above the psychologically important $1800 level, as the growing threat from increased delta cases fueled expectations that the Federal Reserve may delay easing its accommodative stance. Spot gold fell 0.1% to $1,803.53 an ounce, after jumping about 1.4% on Monday. And …

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• 24 August 2021 1:58 pm

  European Stocks Continue to Recover

  

  European shares continued to recover on Tuesday, August 24, after a full US approval of a vaccine to prevent Covid-19 boosted Wall Street to record highs, while the latest data showed a stronger-than-expected economic recovery in Germany. The STOXX 600 index of European shares rose 0.3% by 07:11 GMT, after …

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• 24 August 2021 1:13 pm

  Oil Rises as Demand Hopes Grow After Full US Approval For a Covid-19 Vaccine

  

  Oil prices rose on Tuesday, August 24 after the US Food and Drug Administration granted full approval for the use of the Pfizer-BioNTech vaccine against Covid-19, raising investors’ hopes of higher fuel demand due to a possible increase in US vaccination rates. Brent crude futures rose 46 cents, or 0.7%, …

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• 24 August 2021 12:28 pm

  Stronger-Than-Expected Recovery For Germany’s Economy in The Second Quarter Thanks to Consumers And Government Spending

  

  The German Federal Statistics Office said in a revision of an earlier estimate that private consumption and government spending led to a stronger-than-expected economic recovery in Germany in the second quarter, following the easing of anti-Covid-19 restrictions. The bureau added that gross domestic product grew 1.6% in the April-June quarter, …

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• 24 August 2021 4:06 am

  Wall Street Rebounds with Nasdaq Hitting New Record High

  

  The main indices of the New York Stock Exchange (NYSE) finished higher on Monday, with the Nasdaq hitting a new all-time closing high and the S&P 500 nearing its record high. Meanwhile, Wall Street investors seemed more optimistic about efforts to combat the coronavirus pandemic, after the Food and Drug …

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• 24 August 2021 3:41 am

  GBP/USD Rebounds to Snap Two-Day Losing Streak

  

  The British Pound (GBP) rose on Monday against the U.S. Dollar (USD) recovering some of its recent losses last week. The GBP/USD pair gained 0.70% to reach 1.3722, in its biggest rise in a single session since July 9. The Sterling was able to snap a two-session losing streak, but …

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• 24 August 2021 2:55 am

  Oil Scores Highest Gains Since Late March

  

  Oil prices closed higher on Monday with their best performance in five months, recovering most of their losses last week, despite lingering concerns over the spread of the Coronavirus Delta variant. Today’s rebound, the highest since March 24, snaps a seven-session declining streak for oil futures, which brought them to …

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• 24 August 2021 1:06 am

  Gold Extends Gains as Dollar Retreats to Restore $1,800 Level

  

  Gold prices rose for the second straight session on Monday, building on the U.S. Dollar’s (USD) decline across the board against major currencies amid selling pressures following its surge to a nine-month high by the end of last week. Gold’s front-month futures added $22.20, or 1.25%, to finish at $1803.2 …

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• 24 August 2021 12:52 am

  European Stocks Close Higher for Second Day

  

  European stocks continued to rebound for the second consecutive session on Monday, starting the week with a positive performance to recoup some of its recent losses. The STOXX Europe 600 index rose by 3.08 points or 0.66% to finish at 471.88 points. Today marked the biggest daily gain for the …

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• 23 August 2021 9:35 pm

  Euro Trading Higher Despite Consumer Confidence Decline

  

  The Euro (EUR) is trading higher on Monday, opening the week with a positive performance amid a decline by the U.S. (USD) that is seeing increased selling pressures for profit-making after surging to a nine-month high last week. The European currency’s rise comes despite a recent slump in Eurozone consumer …

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• 23 August 2021 7:42 pm

  U.S. Existing Home Sales Up for Second Month in July

  

  Home sales in the United States continued to rise for the second consecutive month against market expectations, data by the National Association of Realtors showed on Monday. U.S. existing home sales rose by 2% to a seasonally adjusted annual rate of 5.99 million units in July from 5.87 million units …

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• 23 August 2021 5:44 pm

  Bitcoin Breaks 50k Barrier, Cardano Making Its Way up Fast

  

  For the first time since the beginning of last May, Bitcoin, the largest cryptocurrency by value, succeeded in surpassing the $50,000 levels, which served as an important psychological resistance point for the bulls. According to analysts, testing the levels of $50,000 establishes new support levels above the $48,000 in an …

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