Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 27 July 2021 4:57 pm

  U.S: Durable Goods Orders Rise by 0.8% in June vs. 2.1% Expected

  

  Durable Goods Orders in the United States rose by 0.8%, or $2.1 billion, to $257.6 billion in June, the data published by the US Census Bureau revealed on Tuesday. This reading came in weaker than the market expectation for an increase of 2.1% and followed May’s 3.2% expansion.

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• 27 July 2021 3:38 pm

  UK: Slight Slowdown in Retail Sales in July

  

  Data for the retail sector showed that British retailers slowed slightly in July after sales growth hit its highest level in nearly three years in June, the first full month after the reopening of non-essential stores that were closed due to the Coronavirus. The CBI sales volume index fell compared …

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• 27 July 2021 2:44 pm

  The Dollar’s Upside Stops Before The Fed Meeting

  

  The dollar’s march towards a 3-1/2-month high was halted on Tuesday, July 27th as risk appetite weakened, while the Australian dollar suffered from further tightening of regulation in China. The dollar index recorded 92.73, approaching the highest level since early April, 93.19, which is recorded on July 21. The dollar …

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• 27 July 2021 1:51 pm

  Oil Prices Stabilize Amid Tight Supply And High COVID-19 Cases

  

  Oil prices stabilized on Tuesday, July 27, as investors bet that tight supply and growing vaccination rates would ease demand from the rise in Covid-19 cases around the world. Brent crude futures were up one cent at $74.51 a barrel. And US intermediate crude contracts fell eight cents, or 0.1%, …

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• 27 July 2021 1:16 pm

  Hong Kong’s Hang Seng Down 4% as Chinese Technology Stocks Continue to Fall

  

  Shares in the Asia-Pacific region were mixed in trading Tuesday, July 27, as several major Chinese technology stocks in Hong Kong remained under pressure after falling on Monday. Hong Kong’s Hang Seng fell 4.64% in afternoon trade, after falling more than 4% on Monday on the back of regulatory concerns …

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• 27 July 2021 12:26 pm

  China’s Industrial Profits Slow in June as Raw Material Prices Rise

  

  Earnings growth for industrial firms in China slowed for the fourth consecutive month, as higher raw material prices squeezed factory margins, suggesting some weakness in the world’s second-largest economy’s recovery. Profits of industrial companies rose 20% year on year in June to 791.8 billion yuan, or about $122.27 billion, according …

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• 27 July 2021 11:38 am

  Amazon Denies Accepting Bitcoin

  

  Amazon has denied reports that it accepts payments in cryptocurrency and bitcoin. There was news about the company opening jobs on blockchain development, accepting cryptocurrencies as a form of payment. The cryptocurrency rose strongly to the psychologically important level of $40,000, but the company quickly denied this news, dropping Bitcoin …

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• 27 July 2021 11:15 am

  Cadence Design: Revenue Beat Expectations in Q2

  

  Cadence Design’s second-quarter earnings report beat analyst expectations. The report was released on Monday and the company posted revenue that beat expectations. Earnings per share were $0.86 while revenue was $728.3M.

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• 27 July 2021 10:33 am

  Tesla: Revenue Beat Expectations in Q2

  

  Tesla Inc reported second-quarter earnings that beat analyst expectations. The report was released on Monday and the company posted revenue that beat expectations. Earnings per share were $1.45 while revenue was $11.96B. Market surveys from Investing.com had expected earnings per share of $0.9364 and earnings per share of $11.53B. Also, …

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• 27 July 2021 7:59 am

  Amazon Negates Bitcoin Rumors as Bezos Focuses on the Moon

  

  Amazon has reportedly denied on Monday recent news about a plan to begin accepting Bitcoin as payment by the end of 2021, according to Reuters. Now thought-to-be fake reports by British media regarding Bitcoin acceptance by Amazon led to a huge surge in cryptocurrency to levels not seen in about …

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• 27 July 2021 7:40 am

  Dollar on a Slide and Wall Street Rise Ahead of Fed Meeting

  

  The Dollar Index (DXY) finished Monday on a lower note, amid anticipation for the upcoming policy meeting by the U.S. Federal Reserve. The index, which measures the performance of the U.S. Dollar (USD) against a basket of six major international currencies settled at 92.649, losing 0.28% on a daily basis, …

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• 27 July 2021 5:57 am

  U.S. Plans to Keep Travel Restrictions due to Delta Variant Concerns

  

  The United States plans to maintain current travel restrictions due to concerns about the spread of the novel coronavirus (COVID-19) Delta variant with a rising number of cases, Reuters reported. The move that was reportedly confirmed by the White House on Monday could leave a negative impact on the airline …

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• 27 July 2021 5:51 am

  Oil Recovers from Most Losses amid Positive Expectations

  

  Oil prices recovered from most of its earlier losses on Monday, but showed a mixed performance, with continuous concerns about recovery and the sustainability of production policies. However, most expectations are leaning towards a tight supply until the end of the year. In addition, markets are focusing on the coming …

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