Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 21 June 2021 5:12 pm

  US: Chicago Fed National Activity Index Improves to 0.29 in May

  

  The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) improved to 0.29 in May from -0.09 (revised from 0.24) in April.

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• 21 June 2021 5:04 pm

  As Demand Accelerates, BofA Expects Oil to Reach $100/bbl Next Year

  

  Bank of America Global Research raised expectations for the price of Brent crude for the current and next year, saying that an increase in the balance between supply and demand in 2022 may raise the price of oil to one hundred dollars a barrel for a short period. The bank …

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• 21 June 2021 3:56 pm

  The European Union Will Impose Sanctions on 86 Belarusian Officials And Companies

  

  The European Union will impose sanctions, including travel bans and asset freezes, on 86 Belarusian officials and companies on Monday, but will leave it to leaders to decide when to impose economic sanctions, EU foreign policy chief Josep Borrell said. Diplomats said that the sanctions include 76 individuals, including the …

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• 21 June 2021 2:51 pm

  The Dollar Settled After Jumping 1.9% Last Week After The Fed’s Surprise

  

  The dollar held on to last week’s gains on Monday after the Federal Reserve surprisingly appeared to be leaning toward monetary tightening, while Bitcoin tumbled as China stepped up its crackdown on cryptocurrency mining. The dollar index was little changed after jumping 1.9% last week – the largest increase since …

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• 21 June 2021 2:06 pm

  Gold is About to Stop a 6-day Series of Losses as US Bond Yields Decline

  

  Gold prices rose on Monday, after suffering losses over six sessions, as falling US Treasury yields boosted the attractiveness of the non-yielding metal. And gold rose in spot transactions 0.7%to $ 1776.10 an ounce, while US gold futures increased 0.4% to $ 1775.55 an ounce. The US Treasury yield fell …

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• 21 June 2021 1:40 pm

  Oil Prices Rise as Iran Talks Stall And Amid Strong Summer Demand

  

  Oil prices rose on Monday, boosted by strong summer demand and a pause in talks to revive the nuclear deal, which could signal a delay in the resumption of supplies to OPEC member Iran. By the closing of Asian markets, Brent crude for August delivery was up 23 cents, or …

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• 21 June 2021 1:26 pm

  Japan Shares Suffer Biggest Daily Loss in 4 Months After Fed Official’s Comments

  

  Japanese stocks suffered their biggest loss in four months on Monday, tracking Wall Street’s plunge last week after a Federal Reserve official said the US central bank may raise interest rates sooner than expected. All sectors witnessed intense sales, and all sub-indices of the 33 sectors in the stock market …

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• 21 June 2021 12:45 pm

  European Shares Fall as The Mining And Banking Sectors Are Hit by The Fed’s Hawkish Tone

  

  European shares fell on Monday, as mining and banking stocks bore the brunt of an abrupt shift in the US Federal Reserve’s stance on monetary policy last week. The pan-European Stoxx 600 index fell 0.6% to its lowest level in more than two weeks. On Friday, the index halted a …

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• 21 June 2021 12:20 pm

  Cryptocurrencies Plummet as Chinese Crackdown on Bitcoin Mining

  

  Cryptocurrencies tumbled Monday as China’s crackdown on bitcoin mining activity spilled over into Sichuan Province. Bitcoin fell to as much as 32,288 dollars for the first time since June 8, and it was in the latest trading, down 7.9% at about 32,781 dollars. Its smaller peer, Ethereum, fell below $2,000 …

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• 21 June 2021 2:30 am

  Weekly Recap: 14-18 June

  

  Last week witnessed an event that had been anticipated by markets for some time, as the Federal Reserve policy meeting surprisingly saw a hawkish change in tone with the Federal Open Market Committee (FOMC) seeing interest rate hikes sooner than previously expected. The Fed is now expecting raising interest rates …

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• 19 June 2021 3:14 am

  Fed Officials Express Varied Opinions on Rate Hikes

  

  The President of the Federal Reserve Bank of St. Louis, James Bullard, is expecting an interest rate hike in 2022, due to the rise in inflation rate above the 2% target. “We were expecting a good year, but this is a bigger year than we were expecting, more inflation than …

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• 19 June 2021 2:19 am

  Wall Street Record Weekly Losses on Fed’s Hawkish Tone

  

  The main indices of the New York Stock Exchange (NYSE) closed lower on Friday, amid concerns about the hawkish tone by the Federal Reserve, with Wall Street worrying about raising interest rated sooner than expected. The Dow Jones Industrial Average declined by 533.37 points, or 1.58%, and closed at 33,290 …

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• 19 June 2021 12:13 am

  Oil Maintains Gains for Fourth Week in Row

  

  Oil prices rebounded on Friday, with crude futures recovering on the back of positive expectations for demand recovery despite the U.S. Dollar (USD) surge after the hawkish change in tone by the Federal Reserve. Brent crude futures for August delivery increased by 43 cents, or 0.6%, and closed at the …

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