Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 1 September 2021 4:04 am

  Canada’s Economic Drop Could Impact Elections

  

  The Canadian economy’s performance during the second quarter of the year came against most market expectations, showing a contraction amid a drop in home sales and exporting activity. A decline in the number of coronavirus cases and lifting the lockdown and preventive measures was not enough for a strong rebound …

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• 1 September 2021 3:15 am

  Wall Street Marginally Lower but Higher for Month

  

  The main indices of Wall Street closed marginally lower on Tuesday with anticipation for major economic data, but finished higher for the month The Dow Jones Industrial Average lost 39.11 or 0.11% to close August at 35,360.73, higher by 1.2%. The S&P 500 decreased by 6.11, or 0.13%, to end …

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• 1 September 2021 3:01 am

  Oil Sees Worst Losses in 10 Months

  

  Oil prices declined on Tuesday, amid increases selling pressures, to end the month with the worst losses since last October. Brent futures for October delivery finished lower by 42 cents or 0.57% at $72.99 per barrel. For the month, Brent futures lost $3.34 per barrel or 4.38% in its worst …

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• 1 September 2021 2:31 am

  SNB Vice Chair Expects Low Rates Will Continue

  

  The Vice Chairman of the Swiss National Bank (SNB), Fritz Zurbruegg, said on Tuesday that he expects global interest rates will remain low, Reuters reported. “It is to be expected that the global low interest rate environment will remain unchanged for some time to come.” “Such policy continues to be …

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• 1 September 2021 1:45 am

  UN Expects Better Growth in Latin America This Year

  

  The United Nations has revised its expectations for economic growth in Latin America in 2021, according to the latest data by the Economic Commission for Latin America and the Caribbean (ECLAC). The region is now expected to register a growth rate of 5.9%, amid recovery from the Coronavirus crisis, with …

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• 1 September 2021 1:04 am

  Silver Down for Third Month

  

  Silver futures closed nearly unchanged on Tuesday, finishing their third consecutive month in losses and the biggest drop since June. Silver futures lost 6.14% in August, as it closed at $23.960 per ounce. Over the last three months, silver declined by about 14.41%, in the worst losing streak since November …

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• 1 September 2021 12:26 am

  Gold Scores Second Consecutive Monthly Rise

  

  Gold prices rose on Tuesday, maintaining modest monthly gains for the second month in a row. The yellow metal front-month futures added $6, or 0.33%, to close at $1,815 per ounce. Gold futures added about 0.13% for the month, extending their gains over the two months to 2.5%. However, gold …

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August, 2021

• 31 August 2021 11:00 pm

  European Stocks Rise for Seventh Straight Month

  

  European stocks finished lower on Tuesday, following the release of the August reading of the Consumer Price Index (CPI). The STOXX Europe 600 Index declined by 1.80 points or 0.38% to close at 470.88 points. For the month, the pan-European index gained 1.98%, in its best monthly performance since May. …

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• 31 August 2021 10:00 pm

  USD Rebounds Despite Drop in Consumer Sentiment

  

  The U.S. Dollar (USD) is rebounding, after spending most of Tuesday in the negative territory, as investors are adjusting their positions, thus easing selling pressures. In addition, Treasury bond yields leveled up, providing support for the greenback. The Dollar Index (DXY) is now marginally higher for the day by 0.03% …

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• 31 August 2021 5:57 pm

  Canada: Real GDP Expands by 0.7% in June

  

  Canada’s Real Gross Domestic Product (GDP) expanded at a monthly rate of 0.7% in June, the data published by Statistics Canada showed on Tuesday. This reading came in line with the market expectation.

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• 31 August 2021 5:06 pm

  US: Housing Price Index Rises by 1.6% in June

  

  The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1.6% in June following May’s increase of 1.8%. This reading fell short of the market expectation of 2.1%.

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• 31 August 2021 3:56 pm

  The Dollar at Lowest Level in 3 Weeks

  The dollar approached a 3-week low against a basket of currencies on Tuesday, August 31, as investors looked to this week’s US jobs data for clues about the timing of stimulus cuts. The dollar has been on the decline since US Federal Reserve Chairman Jerome Powell’s statement at Jackson Hole …

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• 31 August 2021 2:30 pm

  Gold Rises Again to a One-Month Peak as Dollar And Bond Yields Fall

  

  Gold rose on Tuesday to a four-week high hit in the previous session, supported by a weak dollar and falling US Treasury yields, as investors awaited the US non-farm payrolls data due later this week. Gold in the spot market rose 0.3% to $ 1815.11 an ounce by 0848 GMT, …

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