Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 14 July 2021 1:59 am

  Dollar Registers Biggest Rise in About a Month Following Inflation Surge

  

  The U.S. Dollar (USD) rose on Tuesday across the board, following the release of June’s inflation reading that showed an increase in consumer prices that exceeded market expectations. The Consumer Price Index (CPI) jumped by 5.4% on an annual basis last month, compared with a 5% increase in May, according …

  Read More »
• 14 July 2021 12:59 am

  U.S. Oil Inventories Expected to Register Eighth Consecutive Weekly Drop

  

  Crude oil inventories in the United States are expected to further drop, with official data due on Wednesday by the U.S. Department of Energy’s Energy Information Administration (EIA). Last week, data showed that U.S. oil stockpiles declined for the seventh consecutive week by 6.866 million barrels. A drop that exceeded …

  Read More »
• 14 July 2021 12:09 am

  Oil Closes Higher with Nymex at Highest Since October 2018

  

  Oil prices rose on Tuesday, despite concerns about the coronavirus Delta variant and uncertainty about the OPEC+ output policy, mainly amid expectations of another drop in crude inventories in the United States. Brent crude for September delivery rose by $1.33, or 1.77%, to settle at $76.49 per barrel, registering its …

  Read More »
• 13 July 2021 11:05 pm

  Gold Rebounds After Surge in Inflation

  

  Gold prices rose on Tuesday, supported by the surge in U.S. inflation and concerns about the resurgence of the coronavirus (COVID-19) pandemic with the spread of the Delta variant. Today’s gains came despite a mostly positive performance by the U.S. Dollar (USD) with more investors hedging against the rising consumer …

  Read More »
• 13 July 2021 10:07 pm

  European Stocks Stabilize Maintain Record Highs

  

  Europe’s stock markets closed mostly unchanged on Tuesday but maintained an upward trend for the third consecutive session. The STOXX Europe 600 index finished higher by 0.13 points, or 0.03%, at a new record high of 460.96 points. Over the past three sessions, the pan-European index recovered its earlier losses …

  Read More »
• 13 July 2021 8:03 pm

  Wall Street Mixed Following Inflation Data

  

  The main indices of the New York Stock Exchange (NYSE) that all logged new record highs by the end of the week’s first session are showing a mixed performance on Tuesday, with Wall Street reacting to the release of inflation data. The Dow Jones Industrial Average is marginally down by …

  Read More »
• 13 July 2021 5:30 pm

  US annual CPI Inflation jumps to 5.4% in June

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), jumped to 5.4% on a yearly basis in June from 5% in May, the data published by the US Bureau of Labor Statistics revealed on Tuesday. Excluding volatile food and energy prices, the core CPI rose 4.5%, the …

  Read More »
• 13 July 2021 4:45 pm

  Goldman Sachs Reports Earnings Per Share of $15.02 in Q2, 2021

  

  Goldman Sachs Group reported Tuesday, July 13th, a rise in second-quarter 2021 earnings, as the largest Wall Street investment bank benefited from record dealmaking activity globally. Net profit attributable to common shareholders increased to $5.35 billion in the three months ended June 30, compared to $2.25 billion a year earlier. …

  Read More »
• 13 July 2021 3:35 pm

  Gold Rises Before Today’s Data

  

  Gold rose in Tuesday morning trading in Asia, settling to a one-week low hit during the previous session. While the dollar weakened ahead of US inflation data that could indicate when the US Federal Reserve is likely to start declining assets. Gold futures were also up 0.24 at $1,810.15, dropping …

  Read More »
• 13 July 2021 2:44 pm

  France Fines Google 500 Million Euros For Intellectual Property Rights

  

  France’s antitrust watchdog has fined Google 500 million euros ($593 million) for failing to fully comply with interim orders in a dispute with news publishers in France. The US tech giant must come up with suggestions within the next two months on how to compensate news organizations and other publishers …

  Read More »
• 13 July 2021 1:48 pm

  Crypto Assets Saw an Outflow of Capital at The Beginning of H2

  

  Data from digital asset management Coinshares showed on Monday that crypto funds and products saw an outflow of capital at the start of the second half of the year, with an atmosphere of caution continuing amid a summer slump in trading. There were net inflows of $4 million from digital …

  Read More »
• 13 July 2021 1:28 pm

  IEA: Stalled Talks in OPEC+ May Lead to a Price War in Light of High Demand

  

  Stalled talks among major oil producers about pumping more supplies could deteriorate into a “price war”, the International Energy Agency said Tuesday, July 13, as COVID-19 vaccines drive up crude demand. The agency added that the possibility of a battle for market share threatens markets, even if it is a …

  Read More »
• 13 July 2021 12:45 pm

  Oil Prices Rise Thanks to an Expected Drop in US Crude Stocks

  

  Oil prices rose on Tuesday, July 13 to compensate for most of the losses it incurred the previous day, as the market received support as a result of tight supplies, along with expectations of more withdrawals from US crude stocks, but fears of the spread of Covid-19 strains curbed the …

  Read More »