Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 26 August 2021 8:08 pm

  Tenth District Manufacturing Activity Index Falls in August

  

  The Kansas Fed Manufacturing Activity declined in August to a reading of 29 from 30 in July. Despite the decrease, the index remained higher than market expectations. The production index dropped to 22 from 41, while the volume of shipments index decreased to 25 from 37 in July. Meanwhile, the …

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• 26 August 2021 5:30 pm

  US: Real GDP Expands by 6.6% in Q2

  

  The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.6% in the second quarter, the US Bureau of Economic Analysis reported on Thursday. This reading matched the previous estimate and the market consensus. the US Bureau of Economic Analysis (BEA) second estimate showed on Thursday. …

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• 26 August 2021 4:48 pm

  US: Weekly Initial Jobless Claims Rise to 353K

  

  There were 353,000 initial claims for unemployment benefits in the United States during the week ending August 21, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 349,000 and came in slightly worse than the market expectation of 350,000.

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• 26 August 2021 3:55 pm

  US Bond Yields Almost Flat Today

  

  US Treasury yields were mixed on Thursday, ahead of the Federal Reserve’s Jackson Hole symposium, in addition to the release of economic data, the yield on the benchmark 10-year Treasury bond rose less than a basis point to 1.347%, and the yield on the 30-year Treasury fell less than a …

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• 26 August 2021 3:06 pm

  The Dollar is Facing a Difficult Test

  

  The dollar rose slightly in early European trade on Thursday but remained near a one-week low amid good risk appetite ahead of the Federal Reserve’s Jackson Hole keynote. the US Dollar Index, which measures the greenback against a basket of six other currencies, was up 0.1% at 92.930, after falling …

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• 26 August 2021 1:48 pm

  Gold Falls as The Dollar Rises, Ahead of Jackson Hole

  

  Gold prices fell, as the dollar rose ahead of a scheduled speech by US Federal Reserve Chairman Jerome Powell this week, while investors awaited signs of reducing economic stimulus. And gold fell in spot transactions 0.3% to $ 1784.82 an ounce) by 0705 GMT, while US futures fell 0.3% to …

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• 26 August 2021 1:11 pm

  European Shares Fall on Virus And Policy Concerns

  

  European shares rebounded after data showed German consumer morale deteriorating with the rise in Covid-19 cases, while the atmosphere was also negatively affected by concern about the prospects for monetary policy. The pan-European Stoxx 600 index fell 0.6%, with retail and mining stocks among the biggest losers. Investors remain anxious …

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• 26 August 2021 12:40 pm

  Nikkei Rises, Caution Prevails Ahead of Jackson Hole

  

  Japan’s Nikkei index rose in choppy trading, supported by transport stocks and Wall Street moves overnight, but gains were limited as market participants refrained from making big bets ahead of the US Federal Reserve’s Jackson Hole seminar this week. The Nikkei index rose 0.06% to close at 27742.29 points, after …

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• 26 August 2021 5:44 am

  What to Look For in the Jackson Hole Conference?

  

  Markets are eagerly anticipating the Chairman of the United States Federal Reserve, Jerome Powell, Friday’s speech at the Jackson Hole Economic Policy Symposium. The event, sponsored by the Federal Reserve Bank of Kansas City, has been limited to a virtual online setting, instead of having it in-person at the resort …

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• 26 August 2021 4:50 am

  U.S. Natural Gas Inventories Expected to Add 41 BCF

  

  U.S. natural gas inventories are expected to have increased by about 41 billion cubic feet, according to estimates Dow Jones. The working supply data are due on Thursday by Energy Information Administration reported (EIA). Last week, EIA reported an increase of about 46 billion cubic feet for the week ending …

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• 26 August 2021 3:34 am

  Did You Know Messi is Getting Paid in Crypto?

  

  Argentinian football player Lionel Messi, who recently completed a move to Paris Saint Germain, is partially paid in cryptocurrency, according to media reports. The French capital club has agreed a two-year deal with the former captain of FC Barcelona with an annual salary of $41 million, a sum that could …

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• 26 August 2021 2:56 am

  Wall Street Maintains Gains and Sets New Record Highs

  

  The main indices of the New York Stock Exchange (NYSE) closed higher on Wednesday, as Wall Street continued with its rally as S&P 500 and Nasdaq closing at new record highs, while Dow Jones rose for the fourth consecutive session. Positive earnings reports for the second quarter of the year …

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• 26 August 2021 12:22 am

  Oil Scores Third Consecutive Rise for First Time in August After U.S. Inventory Draw

  

  Oil prices closed higher on Wednesday, maintaining a rising trend for the third consecutive session, supported by the drop in American crude inventories last week, despite it being below market expectations. The United States Energy Information Administration (EIA) reported that crude inventories decreased by three million barrels in the week …

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