Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 9 August 2021 5:06 pm

  Yellen Urges Congress to Raise US Debt Ceiling

  

  US Treasury Secretary Janet Yellen stressed her call for Congress to raise the US debt ceiling through a bipartisan move in Congress, with the federal government’s ability to borrow imminently running out. Such a move would not raise government spending or pave the way for future spending, she said in …

  Read More »
• 9 August 2021 4:11 pm

  China’s Central Bank Intends to Maintain Flexible And Accommodative Monetary Policy

  

  China’s central bank said it will maintain a flexible and accommodative prudent monetary policy while prioritizing stability. In its monetary policy implementation report for the second quarter of the year, the People’s Bank of China said it will keep liquidity reasonably plentiful and boost support for technology innovation, small businesses, …

  Read More »
• 9 August 2021 3:20 pm

  Oil Plunges 4% on China’s COVID-19 restrictions And Climate Warnings

  

  Oil prices tumbled 4% on Monday, continuing their sharp losses incurred last week against the backdrop of the rise in the US dollar and fears that the global recovery in fuel demand may slow due to new restrictions to confront the pandemic in Asia, especially in China. The sentiment was …

  Read More »
• 9 August 2021 2:31 pm

  Eurozone Sentix Investor Confidence Drops to 22.2 in August

  

  Eurozone’s investor sentiment snapped its uptrend and dropped more than expected in August, the latest data published by the Sentix research group showed on Monday. The gauge dropped to 22.2 in August from 29.8 in July vs. a reading of 29.0 expected. The index ended its fifth straight month of …

  Read More »
• 9 August 2021 1:50 pm

  Oil Falls due to COVID-19 Restrictions in China And The Dollar rises

  

  Oil prices fell more than 2% on Monday, extending their heavy losses incurred last week on the back of the rise in the US dollar and fears that the global recovery in fuel demand may be set back due to new restrictions to confront the pandemic in Asia, especially in …

  Read More »
• 9 August 2021 1:25 pm

  European Shares Mixed With The Decline in Commodity Prices

  

  The performance of European stocks varied in early trading, as the leading British stock index was affected by the decline in commodity prices, while other indices in the region stabilized near their recent high levels with the end of the corporate earnings season. Shares of oil companies Royal Dutch Shell, …

  Read More »
• 9 August 2021 12:50 pm

  Gold Falls to Its Lowest Level in More Than 4 Months Due to Fears of Reducing Stimulus

  

  Gold fell to its lowest level in more than four months on Monday, as strong US jobs data fueled fears of an earlier-than-expected interest rate hike, increasing the opportunity cost of holding the non-yielding yellow metal. And gold fell in the spot market 1.1% to 1744.50 dollars an ounce. In …

  Read More »
• 9 August 2021 12:20 pm

  German Exports Jump 1.3% Despite Industry Supply Bottlenecks

  

  German exports rose more than expected in June, data showed on Monday, August 9th, despite continued Bottlenecks in manufacturing supplies, pointing to a strong recovery in Europe’s largest economy. The Federal Statistics Office said that seasonally-adjusted exports increased 1.3% month-on-month after rising by a slightly revised 0.4% in May. Imports …

  Read More »
• 9 August 2021 3:16 am

  Weekly Recap: 2 – 6 August

  

  Some negative factors pushed the US dollar lower at the end of the week, but the dollar managed to recover after better than expected US jobs data. The US Dollar Index, which measures the greenback’s strength against a basket of major currencies, ended the week flat at 92.78 versus 92.08 …

  Read More »
• 7 August 2021 7:08 am

  Dollar Maintains Weekly Gains on Strong Jobs Report

  

  The U.S. Dollar (USD) surged on Friday, supported by the positive economic data that showed a surge in new jobs created within the U.S. economy during July and a decline in the unemployment rate that exceeded market expectations. The Dollar Index (DXY) that measures the greenback against a basket of …

  Read More »
• 7 August 2021 6:39 am

  Wall Street Finish at New Record Highs

  

  Wall Street continued to break new record highs, with two of the main indices on the New York Stock Exchange (NYSE) finishing Friday at new all-time highs after data showed a huge surge in U.S. employment during July. Data provided support for expectations of a strong economic recovery and an …

  Read More »
• 7 August 2021 6:19 am

  Oil Scores Large Weekly Loss on Pandemic Concerns

  

  Oil prices declined on Friday amid concerns about the spread of the Coronavirus Delta variant and a strong surge but the U.S. Dollar (USD) that followed the release of a strong jobs data for July. Oil futures extended their weekly losses and snapped a two-week rising streak. The spread of …

  Read More »
• 7 August 2021 2:14 am

  Gold Extends Weekly Losses and Finish at Lowest in about Four Months

  

  Gold prices finished lower on Friday, as the U.S. Dollar (USD) surged following the release of last month’s strong jobs report. Gold front month futures declined by $45.10, or 2.50%, to close at $1,760 per ounce, losing the key 1,800 level and finishing at its lowest level since April 14. …

  Read More »