Open Demo Account

Market Analysis

June, 2021

  • 28 June 2021 11:05 pm

    USD/CAD Rises as Oil Prices Decline

    The U.S. Dollar (USD) rose against its Canadian counterpart (CAD) on Monday, with the latter falling on the decline in crude oil prices. The USD/CAD pair is trading higher for the day by about 0.37% at 1.2337. The pair has been moving in a mostly rising trend today, in a …

    Read More »
  • 28 June 2021 9:54 pm

    European Stocks Finish Lower on COVID-19 Concerns

    European stocks closed lower on Monday, amid concerns about the rising number of coronavirus (COVID-19) cases in a number of countries. The Stoxx Europe 600 index declined by 0.59% to finish at 454.94 points. Travel and leisure stocks took a strong hit and dropped by 4.3% over concerns about the …

    Read More »
  • 28 June 2021 8:26 pm

    Wall Street Opens Mixed and Nasdaq Hits New Record

    The main indices of the New York Stock Exchange (NYSE) opened higher on Monday, with Wall Street beginning the week with a positive performance and the Nasdaq hitting a new all-time high, on the back of gains by tech stocks. Concerns about the rising number of coronavirus cases in Asia …

    Read More »
  • 28 June 2021 7:28 pm

    Dallas Fed Manufacturing Index Accelerates in June

    Factory activity in Texas expanded at a faster pace this month, according to data by the Federal Reserve Bank of Dallas. The Texas factory production index, a key measure of state manufacturing conditions, increased in June by 14 points to 29.4, according to the results of the Texas Manufacturing Outlook …

    Read More »
  • 28 June 2021 4:43 pm

    U.S Cut Production of Shale Oil Until Crude Prices Rise

    Despite the trend of oil prices to reach about $ 75 a barrel, shale oil producers in the United States are fulfilling their pledges to maintain the current level of spending and production stability, unlike what happened during previous booms. In the past, the rise in crude oil prices, as …

    Read More »
  • 28 June 2021 3:23 pm

    Dollar Index Steady as Attention Turns to US Jobs Data

    The dollar was largely stabilized as global markets began to be in a state of caution at the start of the week, while currency markets’ attention turned to US jobs data due out on Friday. Some analysts attributed the lack of momentum during trading in Asia to an increase in …

    Read More »
  • 28 June 2021 2:32 pm

    The Times: Merkel Wants to Classify Britain as a “Country of Concern” Because of The “Delta” Variant

    Germany will try to ban British travelers from entering the European Union, regardless of whether they have received a COVID-19 vaccine or not, the Times newspaper said. The newspaper added that German Chancellor Angela Merkel wants to classify Britain as a “country of concern” due to the large spread of …

    Read More »
  • 28 June 2021 1:53 pm

    Oil Near The Peak of 2018 Before The OPEC+ Meeting

    Oil prices touched high levels not recorded since October 2018, and then fell from them, at a time when investors focus on the OPEC meeting this week, while the differences between the United States and Iran over the revival of the nuclear agreement continue, delaying the increase in Iranian oil …

    Read More »
  • 28 June 2021 1:22 pm

    Weekly Recap: 21-25 June

    It’s been an eventful week, from Powell’s testimony, BoE decision, inflation data, and PMI. Here’s a look at the highlights of the past week. Dollar Since the opening of the US session on Friday, the dollar has struggled to maintain the bullish trend after the emergence of the second consecutive …

    Read More »
  • 28 June 2021 1:11 pm

    Inflation Woes Keep European Shares Below All-Time Highs

    European shares remained below their all-time highs on Monday, as investors continued to worry that a jump in inflation would lead to a sudden cut in monetary policy loosening globally, while travel stocks tumbled on a spike in coronavirus cases across Asia. The pan-European Stoxx 600 index fell 0.1%, and …

    Read More »
  • 28 June 2021 12:24 pm

    Japan’s Nikkei Closes Flat as Investors Caution Ahead of US Data

    Japan

    Japan’s Nikkei index closed flat on Monday, with chip-related stocks tracking the Nasdaq’s decline in the previous session, while investors were also cautious ahead of important US economic data later this week. The Nikkei settled at 28,084.02 points at the close, while the broader Topix index rose 0.15% to 1965.67 …

    Read More »
  • 26 June 2021 3:10 am

    Wall Street Closes Mostly Higher and Registers Weekly Gains

    The New York Stock Exchange (NYSE) closed mostly higher on Friday, with Wall Street investors’ risk sentiment improving on the back of positive economic data. The Dow Jones Industrial Average gained 237.02, or 0.69%, to close at 34,433.84 points. The S&P 500 index finished at a new record high of …

    Read More »
  • 26 June 2021 2:50 am

    CAD/USD Maintains Gains Below Eight-Day High

    The Canadian Dollar (CAD) rose against its U.S. counterpart on Friday, supported by the U.S. Dollar’s (USD) decline across the board. The USD/CAD pair declined by 0.20% to reach 1.2299. In the early trading hours of the trading session, around 10:30 AM Eastern Time, the pair was trading at 1.2272, …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends