Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 29 July 2021 4:41 am

  Oil Finishes at Highest Level in Two Weeks After U.S. Inventories Draw

  

  Oil prices rose on Wednesday to their highest level in about two weeks, on the back of positive expectations following the drop in crude inventories in the United States. The inventories draw eased concerns over a slump in demand resulting from the spread of the coronavirus Delta variant. Brent crude …

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• 29 July 2021 3:52 am

  Gold Reverses its Losses Following Powell’s Press Conference

  

  Gold prices finished Wednesday down ahead of the U.S. Federal Reserve rate decision and moved lower after the release of the Fed’s policy statement amid a brief rise for the U.S. Dollar (USD). Taper talks had an immediate impact on the zero-yielding yellow metal, which remains relatively supported by inflation …

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• 29 July 2021 3:39 am

  How the USD Responded to the Fed Decision and Policy Statement

  

  The U.S. Dollar (USD) showed a fluctuating performance on Wednesday, with the markets focusing on the Federal Reserve policy decision and statement. The greenback began moving downwards in early trades in the American session, erasing most of its daily gains during the European session that also saw some fluctuations, but …

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• 29 July 2021 1:24 am

  Powell Stands his Ground After FOMC Statement Offers Clues on How Tapering Could Work

  

  The United States Federal Reserve announced on Wednesday that it has decided to maintain interest rates unchanged at a 0% to 0.25% range, pointing to positive recovery signs by the economy despite the risks and concerns due to the coronavirus pandemic. As the Federal Reserve Open Market Committee (FOMC) concluded …

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• 28 July 2021 10:08 pm

  Federal Reserve Maintains Interest Rates and Level of Asset Purchases

  

  The United States Federal Reserve announced on Wednesday that it has decided to maintain interest rates unchanged at a 0-0.25% range, and the current pace of asset purchases at $120 billion a month. The Fed will continue to increase its holdings of Treasury securities by $80 billion per month and …

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• 28 July 2021 9:54 pm

  European Stocks Finish at New Record High Ahead of Fed Statement

  

  European stocks finished higher on Wednesday, after declining for two days in a row, to hit a new record-high closing level, supported by positive earnings reports. The STOXX Europe 600 index added 0.66% to close at a record 461.70 points. The tech sector rebounded and led the gains, adding about …

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• 28 July 2021 9:28 pm

  USD Moving Downwards Ahead of Fed Statement

  

  The U.S. Dollar (USD) is on a downwards trend ahead of the release of the Federal Reserve policy statement, as the Federal Open Market Committee (FOMC) meeting concludes. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies remains in the positive territory but …

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• 28 July 2021 7:35 pm

  Oil Trading Higher After EIA Reports Drop in U.S. Inventories

  

  Oil prices rose on Wednesday after official data showed a decline in crude inventories in the United States last week. Crude inventories declined by 4.1 million barrels for the week ended July 23, according to the U.S. Energy Information Administration (EIA). Gasoline stockpiles fell by 2.3 million barrels and distillate …

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• 28 July 2021 5:34 pm

  Canada: Annual CPI Declines to 3.1% in June

  

  Annual inflation in Canada, as measured by the Consumer Price Index (CPI), declined to 3.1% in June from 3.6% in May, the data published by Statistics Canada revealed on Wednesday. This reading came in lower than the market expectation of 3.2%. On a monthly basis, the CPI edged lower to …

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• 28 July 2021 4:52 pm

  U.S: International Trade Deficit Widens to $91.2B in June

  

  The data published by the US Census Bureau revealed on Wednesday that the international trade deficit increased by $3 billion in June to $91.2 billion from $88.2 billion in May.

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• 28 July 2021 4:15 pm

  Boeing Reports First profit Since Q3 2019

  

  Boeing announced Wednesday, July 28, that it recorded its first quarterly profit in nearly two years, buoyed by an increase in commercial aircraft deliveries after the world’s airlines began to recover from the effects of the pandemic. Boeing recorded a net income of $567 million, with adjusted earnings per share …

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• 28 July 2021 3:00 pm

  Oil Prices Rise After US Fuel Stocks Fall

  

  Oil prices rose on Wednesday, July 28, after industry data showed inventories of US crude and products fell more than expected last week, fueling speculation that demand will outpace supply growth even as COVID-19 cases grow. Brent crude futures were up 38 cents, or 0.5%, at $ 74.86 a barrel, …

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• 28 July 2021 2:07 pm

  Gold Rises on Decline in Dollar and Stocks Ahead of Fed Decision

  

  Gold prices rose on Wednesday, drawing support from the decline in stocks and the dollar, but the gains were limited while the market cautiously awaits what the US Federal Reserve’s assessments of inflation and economic growth will reveal. The spot price of gold was up 0.3% at $1804.69 an ounce. …

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