Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 20 August 2021 12:18 am

  Oil on Longest Declining Streak Since Before Pandemic

  

  Oil prices dropped again for the sixth consecutive session, falling to its lowest closing level in about three months. With concerns over economic recovery and the prospects of the U.S. Federal Reserve scaling back support measures, vowing to cut asset purchases soon, and the spread of the Coronavirus Delta variant, …

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• 19 August 2021 11:11 pm

  Gold Declines for Third Day in Row as USD Rises

  

  Gold prices finished lower on Thursday for the third consecutive session as the U.S. Dollar strengthened against major currencies, a day after the release of the Federal Reserve’s July meeting minutes. The yellow metal futures for December delivery lost $1.30, or 0.08%, to finish at $1,783.10 per ounce. The Dollar …

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• 19 August 2021 10:10 pm

  European Stocks React to Fed Minutes with Worst Losses in a Month

  

  Europe’s stock plunged on Thursday, with markets reacting to the release of the U.S. Federal Reserve’s July meeting minutes that showed plans to cut the massive asset purchases later this year or early the next. A drop in commodity prices also contributed to the losses of the mining sector, with …

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• 19 August 2021 7:43 pm

  U.S. Natural Gas Supplies Rises Above Market Expectations

  

  U.S. natural gas supplies increased by 46 billion cubic feet (bcf) for the week ending August 13, according to data by the United States Energy Information Administration reported (EIA) on Thursday. The EIA weekly report showed an adjustment stocks classification, reflecting an increase of 42 bcf to a total of …

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• 19 August 2021 7:17 pm

  USD/JPY Steadies Below 110.00

  

  USD/JPY rose to a one-week high of 110.22 on Thursday but is having trouble maintaining bullish momentum, the pair was little changed on a daily basis at 109.72. The sharp decline in the major European stock indices drove the demand for the Japanese yen on Thursday due to risk aversion …

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• 19 August 2021 6:30 pm

  Wall Street Opens Lower on Fears of Subsidy Cuts And Commodity Losses

  

  US stocks opened lower on Thursday on concerns that the Federal Reserve may begin to rein in its massive monetary stimulus program, while commodity-related stocks tumbled as oil and metals prices sank to a multi-month low. The Dow Jones Industrial Average fell 86.02 points, or 0.25 percent, to 34,874.67 points, …

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• 19 August 2021 5:43 pm

  US: Philadelphia Fed Manufacturing Index Drops to 19.4 in August

  

  The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey dropped to 19.4 in August from 21.9. This reading came in weaker than the market expectation of 23.

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• 19 August 2021 4:55 pm

  Canada: ADP Employment Increases by 221,300 in July

  

  Private sector employment in Canada rose by 221,300 jobs from June to July, the ADP Research Institute revealed in its monthly report on Thursday. This reading followed the previous print of -106,200 (revised from -294,200).

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• 19 August 2021 4:35 pm

  US: Weekly Initial Jobless Claims Decline to 348K

  

  There were 348,000 initial claims for unemployment benefits in the US during the week ending August 14, the data published by the US Department of Labor showed on Thursday. This reading followed the previous print of 377,000 and came in better than the market expectation of 363,000.

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• 19 August 2021 4:09 pm

  Moody’s Expects The Global Economy to Recover by 5.7% This Year

  

  Moody’s, the credit rating agency, expected in a research note issued today, Thursday, that the global economy is likely to recover by 5.7% this year, after it contracted by 3.6% last year, with the expansion of vaccinations with the Corona vaccine, despite the uneven economic recovery in many regions of …

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• 19 August 2021 3:21 pm

  Eurozone Current Account Surplus Jumps by More Than Half in June

  

  The eurozone’s current account surplus more than halved in June compared to the previous month, driven by an increase in the services trade surplus. According to data from the European Central Bank on Thursday, August 19, the bloc, which includes 19 countries that deal in the euro, recorded a current …

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• 19 August 2021 2:35 pm

  Oil Drops to $66, Lowest Since May on Demand Concerns

  

  Oil fell to $66 a barrel on Thursday, the lowest level since May, under the weight of fears of weak demand with an increase in Covid-19 cases, a rise in the US dollar, and a sudden jump in US gasoline stocks. The World Health Organization has warned of the spread …

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• 19 August 2021 2:15 pm

  The Dollar at a 9-Month High After The Release of The Minutes of the US Federal Reserve Meeting

  

  The dollar rose to a 9-month high on Thursday, as global markets fell after the minutes of the latest US Federal Reserve meeting revealed that policymakers expect to reduce the stimulus related to the Corona pandemic period before the end of the year. The dollar index, which measures the performance …

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