Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 10 June 2021 6:47 pm

  OPEC Maintains Positive Expectations for Demand Growth

  

  The Organization of the Petroleum Exporting Countries (OPEC) has maintained its forecast for demand growth this year. The global demand for crude oil is expected to rise by 6 million barrels per day, reaching 96.58 million barrels a day, according to OPEC’s monthly report released on Thursday. The forecasted demand …

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• 10 June 2021 5:46 pm

  Lagarde speech: We Are Somewhat More Optimistic About The Outlook Than 3 Months Ago

  

  Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her comments on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June. Here are the most important quotes from her speech. “We are somewhat more optimistic about the …

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• 10 June 2021 4:58 pm

  Lagarde speech: We Expect Growth to Improve Strength in The Second Half of The Year

  

  Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her comments on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June. Here are the most important quotes from her speech “We expect growth to improve strongly in …

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• 10 June 2021 4:49 pm

  US Annual CPI Inflation Jumps to 5% in May

  

  There were 376,000 initial claims for unemployment benefits in the US during the week ending June 5, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in weaker than the market expectation of 370,000 and followed the previous print of 385,000.

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• 10 June 2021 4:40 pm

  US: Weekly Initial Jobless Claims Decline to 376K

  

  There were 376,000 initial claims for unemployment benefits in the US during the week ending June 5, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in weaker than the market expectation of 370,000 and followed the previous print of 385,000.

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• 10 June 2021 4:15 pm

  Oil Rebounds After a Hit From US Travel Season Data

  

  Oil prices rose Thursday, June 10, a day after falling due to data indicating weak demand for fuel in the American driving season, while investors awaited upcoming US economic data. Brent crude futures rose 18 cents, or 0.25%, to $72.40 a barrel, close to a peak not seen since May …

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• 10 June 2021 3:47 pm

  ECB Leaves Key Rates And PEPP Unchanged

  

  The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. ECB will continue to conduct net asset purchases under PEPP with a total envelope of €1,850 billion …

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• 10 June 2021 3:26 pm

  The Turkish Lira And US Data, What is to Come?

  

  For the second day in a row, the Turkish lira is trying to rise against the US dollar, after Turkey announced the discovery of a natural gas field. Natural gas discoveries raise the Turkish lira because they contribute to creating a balance in the balance of payments and reduce imports. …

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• 10 June 2021 2:39 pm

  European Central Bank Meeting: Forecasts From 5 Major Banks

  

  The European Central Bank is expected to leave its PEPP unchanged at a total of EUR1.85 trillion. The ECB releases its decision at 11:45 GMT while ECB President Christine Lagarde begins her press conference at 12:30 GMT. Danske Bank “The ECB meeting will focus on the financing conditions, PEPP implementation …

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• 10 June 2021 1:53 pm

  Markets Await ECB Decision And US Inflation Figures, What’s to Come?

  

  The European Central Bank will announce its decision at 11:45 GMT, and if it does not cut back on purchases, the Euro may fall. The press conference begins at 12:30 GMT, on the other hand, the US will release CPI data and unsurprising inflation numbers may lead to a rebound …

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• 10 June 2021 1:17 pm

  ECB to Plot Next Phase of Pandemic Bond-Buying

  

  According to the economists surveyed by Bloomberg, the European Central Bank (ECB) is expected to maintain the current pace of the bond-buying programme while upgrading the outlook for growth and inflation.

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• 10 June 2021 1:15 pm

  Car And Oil Companies Press on European Shares Before The ECB meeting

  

  European shares fell Thursday, June 10 as energy and auto stocks fell, as investors focused on the European Central Bank meeting later in the day. The European Stoxx600 index was down 0.1%, ending a four-day winning streak. Eurozone shares fell 0.2% ahead of the European Central Bank’s policy decision and …

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• 10 June 2021 12:28 pm

  Oil Falls as The Start of The Flight Season in America Fails to Increase Fuel Demand

  

  Brent crude futures fell 36 cents, or 0.5%, to $71.86 a barrel, while US oil futures fell 35 cents, or 0.5%, to $69.61 a barrel. The US Energy Information Administration said on Wednesday that US crude oil stocks, which include strategic petroleum reserves, fell for the eleventh consecutive week as …

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