Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 4 August 2021 4:56 am

  Robinhood Surges After Start Slow on Wall Street

  

  The stock of Robinhood, the U.S.-based financial services company that pioneered commission-free trading and became famous on the back of meme trading, is witnessing a strong beginning days after its debut on Wall Street. The initial public offering of Robinhood was completed on Thursday, and the company’s stock was listed …

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• 4 August 2021 4:23 am

  U.S. Oil Stocks Down 879K Barrels in Week – API

  

  Crude oil inventories in the United States fell by 879,000 barrels last week, according to estimates by the American Petroleum Institute (API) released late Tuesday. Meanwhile, the stockpiles of gasoline and distillates declined by 5.8 million and 717,000 barrels, respectively. Official inventory data by the Energy Information Administration (EIA) is …

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• 4 August 2021 4:15 am

  Wall Street Rebounds and S&P 500 Logs New Record High

  

  The New York Stock Exchange (NYSE) closed higher on Tuesday, recovering from yesterday’s losses after struggling for direction earlier in the session, due to pressures on the tech sector. However, Wall Street investors showed more focus towards earnings reports, with an improved sentiment driving the S&P index to a new …

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• 4 August 2021 1:44 am

  Oil Closes Lower for Second Straight Day

  

  Increasing concerns about the resurgence of the coronavirus pandemic with an increased number of new infections with the Delta variant led oil prices to a second consecutive daily loss on Tuesday. Pandemic-related concerns are leading to mixed expectations about demand recovery as the economic rebound from the coronavirus crisis remains …

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• 4 August 2021 12:30 am

  Silver Maintains Rising Trend for Second Day

  

  Silver prices rose on Tuesday, for the second consecutive session, amid improved demand from investors. Silver front-month contracts added less than a cent, or 0.04%, to finish at $25.566 per ounce. Silver modest gains come despite another decline by gold futures, amid an increase by the U.S. Dollar (USD) and …

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• 3 August 2021 11:12 pm

  Gold Settles Lower as Dollar Edges Higher

  

  Gold prices finished lower on Thursday, amid a fluctuating performance by the U.S. Dollar (USD) that edged higher into the positive territory. The yellow metal’s front-month futures lost $8, or 0.44%, to $1,810.10 per ounce. Since the beginning of the year, gold’s contract has declined by about $83.00 or 4.38%. …

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• 3 August 2021 10:08 pm

  European Stocks Close at New Record High

  

  European stocks managed to close higher on Tuesday, with the release of some positive earnings reports by major companies, to log yet another record high closing level. The STOXX Europe 600 Index edged higher by 0.20% to finish at 465.38 points. The French CAC40 index rose by 47.91 points or …

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• 3 August 2021 7:44 pm

  U.S. Factory Orders Rise 1.5% in June

  

  Factory orders in the United States increased by 1.5% in June, official data by the U.S. Department of Commerce showed on Tuesday. Orders for durable goods rose 0.9%, while nondurable goods orders grew by 2.1%. Capital goods orders, excluding aircraft and military equipment, went up by 0.7% in June. The …

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• 3 August 2021 5:19 pm

  The US Yields Near Six-Month Lows

  

  The yield on the benchmark 10-year Treasuries traded near 1.18% after dropping to 1.15%, the lowest in nearly 6 months amid weak data and as investors remain concerned about a spike in COVID-19 cases.

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• 3 August 2021 4:09 pm

  Survey Shows US Employment Slowed in July

  

  UKG said employee growth within the US, across a wide range of industries, grew by 1.1% from mid-June to mid-July, coinciding with the period in which the Federal Government Employment Survey was conducted. That was about half of the 2% growth rate seen between May and June before the massive …

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• 3 August 2021 3:05 pm

  Currencies Overview: New Zealand And Australian Dollars Jump on Central Banks

  New Zealand and Australian dollars made the biggest gains among the major currencies on Tuesday, supported by comments from the two countries’ central banks, while the US dollar fell against the Japanese yen and the Swiss franc amid some risk aversion in the markets. The Australian dollar rose strongly after …

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• 3 August 2021 3:01 pm

  Tech Put Pressure on European Shares And BP Jumps

  

  Technology shares and concerns about the spread of a global delta dynasty continued to pressure European shares on Tuesday, despite encouraging results updates from companies including BP and automaker Stellantis. The pan-European Stoxx 600 index fell 0.1%, after hitting a record high in the previous session. Most Asian stocks also …

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• 3 August 2021 1:28 pm

  Oil Prices Fall as Recovery Momentum Runs out on Demand Fears

  

  Crude oil prices reversed course after an early recovery, as concerns about coronavirus restrictions combined with slowing factory activities in key markets weighed on sentiment. Brent crude futures were down 26 cents, or 0.4%, at $72.63 a barrel by 0645 GMT. US West Texas Intermediate crude fell 16 cents, or …

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