Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 22 July 2021 7:11 pm

  US: Existing Home Sales Rise Slightly in June

  

  After dropping for four consecutive months, US home sales rebounded modestly in June, with prices continuing to rise and inventories low. The National Association of Realtors said Thursday that existing home sales rose 1.4% in June after declining 1.2% in May. It rose 22.9 percent year on year in June. …

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• 22 July 2021 6:28 pm

  UK Johnson’s spokesman: No Solutions Can Be Found Within The Northern Ireland Protocol

  

  Earlier today, a spokesperson for British Prime Minister Boris Johnson said that Johnson had urged the European Union to seriously consider proposals related to the Northern Ireland Protocol during his discussion with EU Commission chief von der Leyen. “Our position remains that we are looking forward to significant changes in …

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• 22 July 2021 6:03 pm

  US Stocks Opened Mixed, Crude Oil Prices Rise

  

  The US major stock indices opened mixed, close to Wednesday’s closing levels. Looking at the major indices, the S&P 500 is down 0.1% today, almost unchanged at 4,354, the Dow Jones Industrial Average is down slightly by 0.33% at 34,683, and the Nasdaq Composite opened slightly higher by 0.25% at …

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• 22 July 2021 5:42 pm

  ECB Announces New Monetary Policy Targets

  

  The European Central Bank’s meeting today, Thursday, July 22, was quiet but announced new monetary policy targets that suggest extending support for a longer time to the eurozone economy while boosting inflation, which has been low for nearly a decade from its 2% target. The bank said it expects interest …

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• 22 July 2021 4:57 pm

  US Jobless Claims Surge, Dollar Trading Flat

  

  Data released by the US Labor Department on Thursday showed that there were 419k initial claims for unemployment benefits in the US during the week ending July 17. The previous month’s reading was 368k and market expectations were optimistic at 350k. The advance figure for the seasonally adjusted unemployment rate …

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• 22 July 2021 3:56 pm

  ECB Leaves Monetary Policy Unchanged

  

  The European Central Bank decided to keep its monetary policy unchanged as widely expected in today’s meeting. The ECB left the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility unchanged at 0.00%, 0.25%, and -0.50%. EUR/USD remained close to the 1.1800 handle, unaffected …

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• 22 July 2021 3:02 pm

  Germany’s Merkel Expresses Concern Over The High Covid-19 Infection Rate

  

  German Chancellor Angela Merkel has expressed concerns over the alarming rise in coronavirus cases in the country and stressed the importance of vaccinations. Merkel said infection numbers are rising at an alarming rate and that the vaccination protects not just yourself but also people you care about. She also said …

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• 22 July 2021 1:43 pm

  Oil Prices Fall After US Crude Oil Stocks Rise

  

  Oil prices fell on Thursday after a sudden increase in US crude inventories and amid growing Covid-19 infections that threaten demand. Still, prices maintained most of the previous session’s gains due to expectations of continued tight supplies until the end of the year. At 06:44 GMT, Brent crude was down …

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• 22 July 2021 12:58 pm

  European Shares Rise on Earnings Expectations, Monetary Policy

  

  European stocks extended gains for the third consecutive session Thursday, July 22nd, with market sentiment boosted by signs of a strong earnings season and expectations that the European Central Bank will not deviate from its monetary easing policy. The STOXX Europe 600 Index rose 0.5% by 07:14 GMT. The index …

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• 22 July 2021 12:23 pm

  Gold Near Its Lowest Level in a Week on Rising Risk Appetite

  

  Gold prices fell on Thursday, July 22nd, to near the lowest level in more than a week, under pressure from a stronger dollar and rising risk appetite, while investors awaited the European Central Bank’s meeting scheduled for today. By 05:14 GMT, the spot price of gold was down 0.2% to …

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• 22 July 2021 11:40 am

  China Rejects WHO Plan to Re-investigate Origins of COVID-19

  

  A senior health official said that China has rejected the World Health Organization’s plan to conduct the second stage of investigation into the origin of the Coronavirus, which includes the hypothesis that it may have leaked from a Chinese laboratory. The World Health Organization this month proposed conducting a second …

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• 22 July 2021 10:59 am

  Asian Stocks Maintain Their Strength

  

  Asian stock markets followed Wall Street’s lead, rising on Thursday’s trading, amid positive corporate earnings and optimism about the US economic recovery. The Hang Seng Index led the gains, jumping more than 1.5%, on reports that China will continue to open its financial sector and improve rules for foreign banks …

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• 22 July 2021 10:39 am

  Ethereum Jumps After Elon Musk Confirms He Owns The Cryptocurrency

  

  The price of Ethereum soared Wednesday, July 21, after Tesla and SpaceX CEO Elon Musk said he owns the cryptocurrency at The B Word, an event hosted by the Crypto Council on Innovation. Ethereum, which was already rising on the day, reached its session highs after Musk’s comments. Musk also …

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