Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 27 August 2021 2:58 am

  Gold Rises Amid Weaker Risk Appetite

  

  Gold prices rose on Thursday, because of the higher demand for safe-haven assets with a slump in risk appetite, as investors anticipate the upcoming speech by the U.S. Federal Reserve Chair Jerome Powell in an economic forum on Friday. The front-month gold futures added $4, or 0.22%, to finish at …

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• 27 August 2021 2:38 am

  GBP/USD Sees Worst Daily Loss in Week

  

  The British Pound (GBP) fell against the U.S. Dollar (USD) as the greenback rose across the board for the first time in five sessions. The Sterling registering its biggest loss to the USD since August 19. The GBP/USD pair declined by 0.47% to the level of 1.3699. The pair has …

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• 27 August 2021 2:23 am

  European Stocks Finish Lower Following ECB’s Meeting Accounts

  

  European stocks declined on Thursday, with investors anticipating more signs of recovery amid fears over the spread of the Coronavirus Delta variant. Earlier today, the European Central Bank’s meeting accounts showed a debate among board members about the forward guidance on interest rates. Similar to what we are expecting from …

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• 27 August 2021 1:25 am

  Fed’s Kaplan Preparing Markets for Tapering Decision in September

  

  The President of the Federal Reserve Bank of Dallas, Robert Kaplan, believes that U.S. central bank should take the decision on tapering next month. Kaplan’s remarks to CNBC came a day before the highly anticipated speech by the Federal Reserve Chairman, Jerome Powell, to the Jackson Hole economic conference. Kaplan …

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• 26 August 2021 10:53 pm

  USD Rises for First Time in Five Sessions Ahead of Jackson Hole Event

  

  The U.S. Dollar (USD) is close to registering its first rise this week, following four consecutive daily losses, with most investors turning their focus to tomorrow’s remarks by the Federal Reserve Chairman Jerome Powell in front of the Jackson Hole Economic Symposium. Earlier today, the United States Bureau of Economic …

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• 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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