Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 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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• 25 August 2021 11:55 pm

  Gold Closes Lower with Anticipation for Jackson Hole Fed Remarks

  

  Gold prices declined on Wednesday for the first time in four sessions, despite fluctuations by the U.S. Dollar (USD) that was in the positive territory during the European session and for most of the American session. The yellow metal’s drop that snapped a three-session rising streak comes amid expectations for …

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• 25 August 2021 9:37 pm

  Europe’s Stocks Close Little Changed Following German Data

  

  European stocks finished Wednesday marginally higher, with mixed factors impacting the markets, as data showed that the manufacturing sector in Germany remained impacted by supply chain disruptions and bottlenecks. Germany’s IFO Business Climate Index remained positive but declined to 99.4 in August, while the gauge of Current Economic Assessment increased …

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• 25 August 2021 8:01 pm

  U.S. Oil Inventories Down 3M Barrels in Week: EIA

  

  Crude oil inventories in the United States declined by three million barrels last week, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). The decline, which exceeded market expectations, brought oil supplies to 432.6 million barrels, nearly 6% below the five-year average. In the week …

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• 25 August 2021 5:37 pm

  US Capital Goods Orders Stable in July

  

  New orders for key US-made capital goods held steady in July, but accelerating shipments suggest that business investment in equipment could offset an expected slowdown in consumer spending and keep the economy on a solid growth path in the third quarter. The US Commerce Department said on Wednesday that the …

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• 25 August 2021 3:54 pm

  Gold Falls Due to The Rise of The Dollar And The Appetite For Risk

  

  Gold prices fell on Wednesday, August 25, pressured by the dollar’s rise and risk appetite, while investors awaited a speech by Federal Reserve Chairman Jerome Powell this week for indications on the US Federal Reserve’s plans to reduce stimulus. And gold fell in spot transactions by about 0.5% to $ …

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• 25 August 2021 3:06 pm

  European Shares Rise Ahead of Data

  

  European stocks rose Wednesday, August 25th, and travel stocks rose for the fourth day in a row, while markets globally moved within a narrow range ahead of a policy update from the US Federal Reserve at the end of the week. The STOXX 600 index of European shares rose 0.1% …

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• 25 August 2021 1:53 pm

  German Business Confidence Drops Due to Increase in COVID-19 Cases

  

  German business confidence declined in August for the second month in a row, according to a survey published on Wednesday, August 25, as business expectations became more pessimistic about the coming months in Europe’s largest economy due to an increase in COVID-19 infections and supply bottlenecks. The Ifo institute said …

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• 25 August 2021 1:13 pm

  Dollar Near a Week Low as Delta Worries Ease Ahead of Jackson Hole

  The dollar hit its lowest level in nearly a week on Wednesday, August 25th against major counterparts, as concerns eased that the highly contagious delta strain of the Coronavirus may derail the global economic recovery. Risk appetite has improved in global markets since the US Food and Drug Administration granted …

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