Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 23 August 2021 3:23 pm

  Oil Rises 3% After a Week of Losses Thanks to The Decline in USD

  

  Oil prices jumped more than 3% Monday, August 23, after a seven-day losing streak driven by a weaker dollar, despite demand concerns fueled by an increase in cases of the mutated delta strain of the coronavirus. Brent crude rose $2.17, or 3.2%, to $67.35 a barrel by 09:01 GMT, after …

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• 23 August 2021 1:57 pm

  Eurozone Business Activity Continues to Boom in August

  

  Monday’s survey showed that the strength of business activity in the eurozone continued this month, but down from the highest pace in two decades recorded in July, as the pace of vaccination campaigns allowed more companies to open their doors and customers venture out of their homes. Activities could have …

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• 23 August 2021 1:14 pm

  European Shares Rise After a Hard Week

  

  European shares rose after their Asian counterparts rose on Monday, August 23 after a brutal sell-off last week on worries about global growth, while investors awaited a series of business data. The STOXX 600 index of European shares rose 0.6% by 07:14 GMT after fears of rising Covid-19 cases and …

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• 23 August 2021 12:37 pm

  Nikkei Rises From 8-month Low

  

  Japan’s Nikkei index jumped Monday, August 23, after falling to an eight-month low in the previous session, as auto stocks rebounded from losses after Toyota Motor announced a 40% cut in global production next month. Nikkei climbed 1.78% to 27,494.24 thanks to bargain hunting, after hitting its lowest level since …

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• 21 August 2021 5:36 am

  Weekly Recap: 16 – 20 August

  

  The third week of August was highlighted by the release of the United States Federal Reserve’s July meeting minutes, which revealed that most of the FOMC members see the beginning of tapering asset purchases later this year. With the Fed moving towards policy normalization, the U.S. Dollar (USD) managed to …

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• 21 August 2021 3:46 am

  Fed’s Kaplan First to Take a Step Back on Tapering

  

  Dallas Fed President Robert Kaplan said on Friday that he could change his mind on scaling back the asset purchases soon due to the spread of the Coronavirus Delta variant, which might slow the economic rebound. So far, it is not having a material effect but it could be having …

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• 21 August 2021 2:54 am

  Wall Street Rebounds but Scores Weekly Loses

  

  The main indices of the New York Stock Exchange (NYSE) rebounded on Friday but Wall Street could not recoup their recent losses to finish the week down after the U.S. Federal Reserve signaled plans to scale back asset purchases possibly before the end of the year. Most market sectors showed …

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• 21 August 2021 2:28 am

  Oil Finishes Third Week in Losses

  

  Oil prices declined on Friday, keeping a downward trend that has so far lasted for seven straight sessions, with the rise of the U.S. Dollar (USD) and fears about the spread of the Coronavirus Delta variant and a possible negative impact on demand recovery. Despite the USD edging lower on …

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• 20 August 2021 11:04 pm

  Gold Maintains Upward Trend for Second Week with Modest Gains

  

  Gold prices settled marginally higher on Friday, maintaining their second consecutive weekly rise despite the U.S. Dollar (USD) maintaining a mostly upward trend with some fluctuations. Gold front-month future contracts for August delivery rose by 80 cents or 0.04% to settle at $1781 an ounce. This marked the first rise …

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• 20 August 2021 10:54 pm

  Europe’s Stocks Log Worst Weekly Performance in Six Months

  

  European stocks rose on Friday but failed to recover from its biggest weekly losses since late February. The STOXX Europe 600 Index added 1.56 points, or 0.33%, in its biggest daily rise since August 11, to close at 468.80 points, snapping a four-week rising streak with a weekly loss of …

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• 20 August 2021 8:34 pm

  Cryptocurrencies Extend Gains amid Higher Demand

  

  Cryptocurrencies are rising across the board with increased investors’ demand and news about investment inflows from institutions. Coinsbase reportedly plans to invest $500 million in cryptocurrencies and invest future returns in a portfolio of crypto assets. The world’s biggest and most famous cryptocurrency, Bitcoin, rose by about $3,228 or 7% …

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• 20 August 2021 7:27 pm

  Wall Street Opens Higher ahead of Weekend

  

  Wall Street opened higher on Friday, showing signs of a rebound after taper talks in the Fed July meeting minutes weighed on investor’s sentiment. In addition, a hawkish tone by Dallas Fed President Robert Kaplan calmed market fears over scaling back asset purchases too soon. Kaplan told Fox News earlier …

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• 20 August 2021 5:44 pm

  Oil Heads For 7% Weekly Decline as Delta Spreads

  

  Oil prices fell on Friday for the seventh consecutive session, approaching their lowest level in three months, and heading towards a weekly decline of more than seven percent, as new closures in countries facing increasing cases of the mutated delta strain of the Coronavirus weakened expectations for fuel demand. Investors …

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