Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 6 August 2021 12:30 am

  Fed’s Waller Sees Tapering Sooner than Expected

  

  U.S. Federal Reserve Governor Christopher Waller said on Thursday that economic recovery is progressing with the labor market showing improvement signs, which could lead to scaling back the accommodative monetary policy soon. Speaking to the American Enterprise Institute, Weller said that he is sure the U.S. economy will recover. “We …

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• 6 August 2021 12:00 am

  Gold Closes at Lowest in a Week

  

  Gold prices declined on Thursday for the second time in three sessions, despite the U.S. Dollar (USD) fluctuating against major currencies. The yellow metal has been under some selling pressures due to profit making and a relative improvement in risk sentiment that provided support for stock markets, with investors monitoring …

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• 5 August 2021 10:51 pm

  European Stocks Close at Another Record High

  

  European stocks continued to push higher into new record levels on Thursday, with investors monitoring economic data and earnings reports. The STOXX Europe 600 index added 1.74 points, or 0.37%, to close at 469.96 points. The pan-European index has maintained a rising trend for four consecutive sessions, breaking multiple record …

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• 5 August 2021 8:06 pm

  U.S. Natural Gas Supplies Increased Last Week: EIA

  

  Natural gas inventories in the United States increased by 13 billion cubic feet for the week ending July 30, according to estimates by the U.S. Energy Information Administration (EIA) released on Thursday. Total natural gas stockpiles reached 2.727 trillion cubic feet, down by 542 billion cubic feet compared with the …

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• 5 August 2021 5:31 pm

  US: Weekly Initial Jobless Claims Decline to 385K

  

  There were 385,000 initial claims for unemployment benefits in the US during the week ending July 31, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 399,000 (revised from 400,000) and came in slightly above the market expectation of …

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• 5 August 2021 4:28 pm

  Bailey Speech: Useful to Have a Predictable Path For Reversing QE

  

  “Remarkable how little headline news there has been on UK economic activity since May.” “Our view is inflation pressures will reduce.” “We don’t see a spike in unemployment when furlough ends.” “Number of unemployed people will be about 250,000 higher than before pandemic.” “Should economy grows as expected, some modest …

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• 5 August 2021 3:28 pm

  BoE Press Conference: Governor Bailey speech live stream – August 5

  

  Following the Bank of England’s (BoE) decision to leave the policy rate and the Asset Purchase Facility unchanged at 0.1% and £895B, BoE Governor Andrew Bailey will deliver his remarks on the policy outlook.

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• 5 August 2021 3:26 pm

  Bank of England Leaves Policy Settings Unchanged as Expected

  

  The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% following the August policy meeting and kept the Asset Purchase Facility steady at £895 billion as widely expected.

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• 5 August 2021 3:00 pm

  US Stock Futures Continue to Rise Ahead of Wall Street Open

  

  Futures contracts linked to the major US stock indexes rose moderately in Thursday morning trading as Wall Street appeared to be improving in a mixed week. Waiting for the US labor market data, which is considered the latest and most prominent in the US market this week. At 9:31 AM …

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• 5 August 2021 2:01 pm

  Oil Gives up Early Gains on Corona Fears

  

  Oil prices fell on Thursday, giving up early gains, as more countries imposed restrictions on movement in light of the increase in cases of the Coronavirus and the rise in the dollar, although tension in the Middle East prevented further decline. On Thursday, Japan expanded emergency restrictions to include more …

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• 5 August 2021 1:19 pm

  Gold Loses Its Luster With The Rise of The Dollar After The Statements of The US Fed

  

  Gold prices came under pressure Thursday, August 5th, after comments from the US Federal Reserve boosted the dollar, while investors are now focusing on non-farm payrolls data for indications of a labor market recovery. And gold fell in spot transactions 0.1 percent to $ 1809.91 an ounce, while US gold …

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• 5 August 2021 12:17 pm

  German Industrial Orders Rebound on Strong Domestic Demand

  

  Thursday, August 5th data showed orders for German-made goods rose more than expected in June, driven by bookings of large industrial products primarily by domestic customers. Data published by the Federal Statistics Office showed that orders for “made in Germany” goods jumped 4.1% month-on-month, after adjusting for seasonal factors. This …

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• 5 August 2021 11:29 am

  The Turkish lira touches its lowest level in a week

  

  On Thursday, August 5th, the Turkish lira touched its lowest level against the US dollar in a week on concerns about monetary policy after Turkish President Recep Tayyip Erdogan said interest rates would fall. The lira hit 8.55 against the dollar, down from a close of 8.48 on Wednesday. And …

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