Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 13 July 2021 12:37 am

  Oil Logs First Time After Two Rises

  

  Oil prices posted on Monday the first decline in three sessions due to the rising concerns about the resurgence of the Coronavirus pandemic with the spread of the Delta variant in many parts of the world. Uncertainty about the pandemic and economic recovery is negatively reflecting on the expectations for …

  Read More »
• 12 July 2021 11:24 pm

  ECB Vows to Put New Policy in the Next Meeting

  

  The European Central Bank (ECB) is expected to lay out a new policy path during its upcoming meeting after a change in its inflation strategy. The central bank is now able to tolerate inflation higher than the 2% target, keeping in mind that it does not plan to end the …

  Read More »
• 12 July 2021 10:30 pm

  Gold Declines as the Dollar Strengthens

  

  Gold prices declined on Monday as the U.S. Dollar rose across the board, and amid a rebound in stock markets hitting new record highs with an improvement in risk sentiment among investors, which weighed on the demand for safe havens. In addition, the decline came as a correction movement with …

  Read More »
• 12 July 2021 9:49 pm

  European Stocks Hit New All-Time High

  

  European stocks surged on Monday, rising for the second consecutive session and hitting new record highs amid anticipation for the earnings reports by major listed companies across the continent and around the globe. The STOXX Europe 600 index finished higher by 3.16 points or 0.69% to finish at an all-time …

  Read More »
• 12 July 2021 8:23 pm

  Fed’s Williams: All Asset Purchases Reflect on Housing Costs

  

  President of the Federal Reserve Bank of New York, John Williams, believe the Fed’s asset purchases is contributing to lower housing costs. Williams believe that not only do purchases of mortgage-backed securities reflect on the housing market, but so do the buying of Treasuries by the Fed. “Both of them …

  Read More »
• 12 July 2021 7:15 pm

  Nasdaq and S&P 500 Hit Record Highs

  

  The main indices of the New York Stock Exchange (NYSE) opened the week on a positive note, with the Nasdaq and the S&P 500 indices hitting new record highs in early Monday trade before easing, as Wall Street investors are focusing on financial results and economic data. Markets anticipate the …

  Read More »
• 12 July 2021 6:15 pm

  Wall Street’s main Indexes Trade Mixed on Monday.

  

  Major stock indexes opened mixed on Monday as investors seem to be choosing to stay on the sidelines ahead of this week’s macroeconomic data releases. At the time of writing, the S&P 500 touched a record 4,372 posting modest losses to 4,360. The Dow Jones Industrial Average fell 0.4% to …

  Read More »
• 12 July 2021 5:36 pm

  Cryptocurrency Trading volumes fell 40% in June.

  

  Research has found that trading volumes on major cryptocurrency platforms fell by more than 40% in June amid regulatory restrictions in China and a lack of volatility was one of the factors affecting the activity. Data from London-based research firm CryptoCompare showed that spot transaction volumes fell 42.7% to $2.7 …

  Read More »
• 12 July 2021 4:14 pm

  WTI Drops to $73 on Demand Worries

  

  Oil prices rebounded ahead of the weekend and WTI closed in positive territory, rising more than 3%. On Monday, after rising to $75 during Asian trading hours, WTI fell to 73.14 before recovering slightly. At the time of writing, WTI is down 1.4% at $73.60. In a joint statement published …

  Read More »
• 12 July 2021 3:22 pm

  The US Yields Near Five-Month Lows

  

  The yield on the US 10-year Treasury fell to 1.33% in the third week of July, near levels not seen since February, amid concerns that the peak of the economic recovery has passed and growth slowing both in the US and abroad. Investors’ attention now turns to the Q2 earnings …

  Read More »
• 12 July 2021 2:13 pm

  The Dollar Stable Amid Pandemic Fears Ahead of Important Inflation Data

  

  The dollar stabilized against most currencies on Monday, as investors were cautiously overwhelmed by pandemic concerns, while they also awaited more indications of a global economic recovery before taking their next steps. With the market highly sensitive to any talk of an early easing of stimulus, US inflation data will …

  Read More »
• 12 July 2021 1:19 pm

  The Attractiveness of Gold is Declining Due to The Recovery of The Dollar and Stocks

  

  Gold prices fell and are heading to record the largest decline in nearly two weeks, with the decline in the metal’s attractiveness due to the recovery of the dollar and stocks. And gold fell in spot transactions 0.4% to $ 1800.96 an ounce. And US gold futures fell 0.6% to …

  Read More »
• 12 July 2021 1:00 pm

  Oil Falls as Economic Fears Overshadow Tight Supplies

  

  Oil futures fell on fears of a slowdown in global growth, tipping the scales against a possible tightening of supplies after talks between major producers faltered to increase production in the coming months. Brent crude for September delivery fell 35 cents, or 0.5%, to $75.20 a barrel, and West Texas …

  Read More »