Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 20 August 2021 1:49 pm

  Oil is Rising, But it is on Track to Incur a Weekly Loss of 5%

  

  Oil prices stabilized today, moving away from 3-month lows, but still on track for a weekly loss of more than five percent as new lockdowns in countries facing increasing cases of the mutated delta strain of coronavirus dampened the outlook for fuel demand. Investors’ aversion to risks in general also …

  Read More »
• 20 August 2021 1:10 pm

  European Shares Set For Worst Week in 6 Months on Virus And Growth Fears

  

  European shares halted their decline today, but their main index is still on track to record the worst week since February, due to signs of slowing growth, rising Covid-19 infections, and fears of reducing monetary stimulus earlier than expected. The pan-European Stoxx 600 index rose 0.1 percent, after falling 1.5 …

  Read More »
• 20 August 2021 12:38 pm

  Nikkei Falls to 8-Month Low on Toyota

  

  The Japanese Nikkei index closed at its lowest level in nearly eight months on Friday, led by the decline in shares of automakers and related sectors due to growing concern about the recovery after Toyota cut its global production. The Nikkei index fell 0.98 percent to close at 27,013.25 points, …

  Read More »
• 20 August 2021 4:47 am

  Could Ethereum Be The No.1 Cryptocurrency?

  

  Bitcoin was the first cryptocurrency and remains the biggest in terms of market capitalization, however, some market experts now believe that Ethereum (Ether) with its recent surge could one day overtake the number one spot. Ethereum will continue to outperform Bitcoin, said Nigel Green the head of a financial institution, …

  Read More »
• 20 August 2021 4:11 am

  GBP/USD Logs Worst Loss in Two Months Settles at Lowest Level in a Month

  

  The British Pound (GBP) declined on Thursday for the fourth consecutive day, maintaining a negative performance against the U.S. Dollar (USD) since the beginning of the week. The GBP/USD lost 0.82%, its biggest daily loss since June 18, to reach 1.3641, its lowest level since July. Month-to-date the pair is …

  Read More »
• 20 August 2021 4:04 am

  Norway to Raise Interest Rates Next Month

  

  The Central Bank of Norway plans to begin tightening its monetary policy as soon as next month. The Norges Bank plans to raise interest rates in September after the Norwegian economy showed more signs of a rebound with the ease of coronavirus lockdown restrictions. As the bank decided to maintain …

  Read More »
• 20 August 2021 3:04 am

  Three U.S. Senators Test Positive for COVID

  

  Three members of the United States Senate have reportedly tested positive for coronavirus (COVID-19), Bloomberg reported. Roger Wicker (R) of Mississippi, Angus King (I) of Maine, and John Hickenlooper (D) of Colorado announced the test results on Thursday. The three Senators are said to have all been vaccinated against the …

  Read More »
• 20 August 2021 2:55 am

  Wall Street Mixed with Investors Reacting to Fed Minutes

  

  The main indices of the New York Stock Exchange (NYSE) finished Thursday with a mixed performance. Despite a rebound by tech stocks, with the decline in Treasury bond yields, Wall Street remained negatively impacted by the Federal Reserve’s July meeting minutes that indicated plans to scale asset purchases sooner than …

  Read More »
• 20 August 2021 12:18 am

  Oil on Longest Declining Streak Since Before Pandemic

  

  Oil prices dropped again for the sixth consecutive session, falling to its lowest closing level in about three months. With concerns over economic recovery and the prospects of the U.S. Federal Reserve scaling back support measures, vowing to cut asset purchases soon, and the spread of the Coronavirus Delta variant, …

  Read More »
• 19 August 2021 11:11 pm

  Gold Declines for Third Day in Row as USD Rises

  

  Gold prices finished lower on Thursday for the third consecutive session as the U.S. Dollar strengthened against major currencies, a day after the release of the Federal Reserve’s July meeting minutes. The yellow metal futures for December delivery lost $1.30, or 0.08%, to finish at $1,783.10 per ounce. The Dollar …

  Read More »
• 19 August 2021 10:10 pm

  European Stocks React to Fed Minutes with Worst Losses in a Month

  

  Europe’s stock plunged on Thursday, with markets reacting to the release of the U.S. Federal Reserve’s July meeting minutes that showed plans to cut the massive asset purchases later this year or early the next. A drop in commodity prices also contributed to the losses of the mining sector, with …

  Read More »
• 19 August 2021 7:43 pm

  U.S. Natural Gas Supplies Rises Above Market Expectations

  

  U.S. natural gas supplies increased by 46 billion cubic feet (bcf) for the week ending August 13, according to data by the United States Energy Information Administration reported (EIA) on Thursday. The EIA weekly report showed an adjustment stocks classification, reflecting an increase of 42 bcf to a total of …

  Read More »
• 19 August 2021 7:17 pm

  USD/JPY Steadies Below 110.00

  

  USD/JPY rose to a one-week high of 110.22 on Thursday but is having trouble maintaining bullish momentum, the pair was little changed on a daily basis at 109.72. The sharp decline in the major European stock indices drove the demand for the Japanese yen on Thursday due to risk aversion …

  Read More »