Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 22 June 2021 10:54 pm

  Eurozone Consumer Confidence Improves in June

  

  Eurozone consumer confidence improved by 1.8 points in June compared with its previous monthly reading, according to data the European Commission released on Tuesday. A flash estimate of the consumer sentiment in the European bloc recorded -3.3 this month from -5.1 in May. On the broader level, consumer confidence across …

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• 22 June 2021 10:48 pm

  Richmond Fed Manufacturing Index Continues to Expand

  

  Manufacturing activity in the U.S. continued to show signs of improvement this month, as shown by survey data by the Federal Reserve Bank of Richmond on Tuesday. The Fifth District Survey of Manufacturing Activity’s Composite Index rose from 18 in May to 22 in June, maintaining a positive performance since …

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• 22 June 2021 10:42 pm

  Fed’s Powell Tells Congress Inflation Will Ease Over Time

  

  U.S. Federal Reserve Chairman Jerome Powell told lawmakers on Tuesday that the economy has notably improved amid recovery from the Coronavirus pandemic and that inflation will ease over time following the recent surge. Testifying for the second consecutive day before the House of Representatives Select Subcommittee on the Coronavirus Crisis, …

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• 22 June 2021 6:20 pm

  U.S. Home Sales Drop for Fourth Month in Row

  

  Home sales in the United States continued to decline for the fourth consecutive month during May, data showed on Tuesday. Existing home sales fell by 0.9% last month to a seasonally adjusted annual rate of 5.80 million units, according to the National Association of Realtors. Resale activity soared by 44.6% …

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• 22 June 2021 5:57 pm

  Switzerland: Current Account Surplus Widens in The First Quarter of 2021

  

  The Swiss National Bank announced today, Tuesday, that Switzerland achieved a current account surplus of 16 billion Swiss francs (17.40 billion dollars) in the first quarter of 2021, 6 billion francs more than it was in the previous quarter. The weakness of the Swiss franc against the dollar since the …

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• 22 June 2021 5:02 pm

  U.S: Philly Fed Nonmanufacturing Index Improves in June

  

  The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved decisively to 59.6 in June from 36.9 in May.

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• 22 June 2021 4:42 pm

  Bitcoin Plunges Below $30,000, Its Lowest Since Late January

  

  Bitcoin plunged 5.8% during the session, reaching its lowest level since late January to below $30,000 Cryptocurrency bitcoin plunged below $30,000 for the first time in nearly five months, weighed down by China’s recent crackdown on cryptocurrencies. The world’s largest cryptocurrency fell 6.4% to $29,614, its lowest since Jan. 27. …

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• 22 June 2021 3:31 pm

  Two Sources to Reuters: OPEC+ is Considering a Gradual Increase in Production From August

  

  Two sources with Reuters knowledge of the OPEC + group talks today, Tuesday, said that the group is considering another gradual increase in oil production from August as oil prices rise thanks to the recovery in demand, but it has not yet made a decision on the exact size. The …

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• 22 June 2021 3:00 pm

  Bitcoin Makes up For Some of Its Losses in Asia

  

  Bitcoin recouped some of its losses on Tuesday, a day after hitting a two-week low after the People’s Bank of China (the central bank) confirmed its crackdown on cryptocurrencies in the country and its restriction of its circulation channels among the population. The world’s largest cryptocurrency was last up 3% …

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• 22 June 2021 2:06 pm

  The Dollar Catches a Breath Before The Fed’s Testimony

  

  The US dollar paused for breath on Tuesday, as traders awaited testimony by Federal Reserve Chairman Jerome Powell for more guidance on the recent sudden shift in central bank policy expectations. The dollar has made significant gains since the Federal Reserve indicated last week to raise interest rates earlier than …

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• 22 June 2021 1:20 pm

  European Shares Rise And Recovery Hopes Lift Banks And Mining Sectors

  

  European shares rose to record levels today, as optimism about economic recovery from the Covid-19 pandemic led by the stimulus outweighed fears of global central banks tightening monetary policy earlier than expected. The pan-European STOXX 600 index rose 0.1%, with gains led by shares that are sensitive to the economy, …

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• 22 June 2021 12:44 pm

  Oil Rises on Optimism About a Quick Recovery in Global Demand

  

  Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained optimistic about a quick recovery in global oil demand and as concerns eased about an early return of Iranian crude. Brent crude futures for August delivery rose 29 …

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• 22 June 2021 12:25 pm

  Gold Rises Thanks to Weak Dollar Before Powell’s Testimony

  

  Gold rose today as the bullish trend of the US dollar stalled, which increased the attractiveness of the yellow metal ahead of Federal Reserve Chairman Jerome Powell’s testimony before Congress. Spot gold rose 0.3% to $1,787.80 an ounce), after rising 1% in the previous session. And the yellow metal rose …

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