Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 18 August 2021 2:20 pm

  UK Inflation Slows More Than Expected in July

  

  British inflation slowed faster than expected in July, according to official data released on Wednesday, August 18, to 2% on an annual basis, compared to 2.5% in June. Economists polled by Reuters had expected inflation for July to be 2.3%. Official data showed that the rate of inflation in Britain …

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• 18 August 2021 1:40 pm

  Oil Prices Settled and Uncertainty Surrounds The Prospects For Demand due to The Outbreak of Delta Variant

  

  Oil prices stabilized on Wednesday, August 18, after four days of decline, while investors were still concerned about the prospects for strengthening the demand for fuel, as the use of railways, aircraft, and other forms of transportation remained restricted in light of the high incidence of Covid-19 around the world. …

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• 18 August 2021 1:00 pm

  Gold Rises 0.4% Due to The Demand For Safe Havens on Delta Fears

  

  Gold prices rose on Wednesday, August 18, to approach a two-week high, as demand for the yellow metal, which is considered a safe haven, was boosted by growing concerns about the fast-spreading delta strain of Covid-19 and its economic impact. Spot gold rose 0.4% to $1,792.42 an ounce, after hitting …

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• 18 August 2021 12:30 pm

  Nikkei Rises 0.59%, Ending a 4-day Losing Streak

  

  Japanese stocks rebounded Wednesday, August 18th, led by gains in FUJIFILM and other defensive stocks, while the benchmark Nikkei index ended a four-day losing streak, but concerns about the delta strain kept investors on guard. The Nikkei index rose 0.59% to 27,585.91 points, reversing losses incurred earlier when it reached …

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• 18 August 2021 6:58 am

  Yellen Defends Biden’s Massive Spending Plans, Again!

  

  The United States Treasury Secretary, Janet Yellen, remains the strongest defender of the current economic policies by the Biden administration, even among cabinet members. Given her credibility as former Chair of the Federal Reserve, and the first female to hold this post, she is repeatedly voicing her support for the …

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• 18 August 2021 5:29 am

  Fed’s Kashkari: Cryptocurrencies are GARBAGE Coins!

  The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has criticized cryptocurrencies led by Bitcoin, saying that what he saw in crypto assets so far is 95% fraud, hype, noise, and confusion. The Fed official said that he was more optimistic about crypto and Bitcoin five or six …

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• 18 August 2021 3:50 am

  USD Sees Largest Daily Gains in Two Months

  

  The U.S. Dollar (USD) rose on Tuesday for the second consecutive session and registered its biggest gains against major currencies since mid-June to settle at its highest closing level since November 4, 2020. The Dollar Index (DXY) measures the greenback’s performance against a basket of six major international currencies increased …

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• 18 August 2021 1:08 am

  Fed’s Kashkari: Delta Variant Might Slow Recovery

  

  Minneapolis Fed President Neel Kashkari is seeing a lot of slack on the sidelines of the economy, with the U.S. labor market yet to recover, noting that the spread of the Coronavirus Delta variant could possibly slow the rebound. Speaking in an event in Montana on Tuesday, Kashkari reportedly said …

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• 18 August 2021 12:30 am

  Fed’s Powell: COVID Likely to Continue for a While

  

  The United States Federal Reserve Chairman, Jerome Powell, said on Tuesday that the coronavirus (COVID-19) pandemic is still with us and will likely continue for a while. Powell noted that people and businesses have improvised and learned how to adapt and live their lives despite COVID in what he described …

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• 17 August 2021 10:29 pm

  Gold Declines as USD Strengthens Across the Board

  

  Gold prices declined on Tuesday, registering its biggest loss since the beginning of last week, as the U.S. Dollar (USD) rose against major peers. Markets are seemingly not paying the usual attention to today’s remarks by the Chairman of the United States Federal Reserve, who spoke in an academic virtual …

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• 17 August 2021 10:13 pm

  European Stocks Close with Modest Gains

  

  European stocks returned to gains on Tuesday, closing marginally higher with investors closely following recent economic data that renewed concerns over the pace of recovery with the spread of the Coronavirus Delta variant. The STOXX Europe 600 index added 0.33 points, or 0.07%, to close at 473.78 points. The healthcare …

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• 17 August 2021 9:05 pm

  U.S. Business Inventories Rise in June

  

  Business inventories in the United States registered a large increase in June, the U.S. Department of Commerce reported on Tuesday. With a monthly increase of 0.8%, business inventories exceeded the 0.6% growth seen in May. On an annual level, business inventories rose by 6.6%. Retail inventories also leveled up by …

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• 17 August 2021 7:48 pm

  U.S. Housing Market Index at Lowest Level in a Year

  

  The United States Housing Market Index declined by 5 points to 75 in August, according to data by the National Association of Home Builders (NAHB) and Wells Fargo released on Tuesday. Although the reading remains positive as it is above the 50-point mark, the index has reached its lowest level …

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