Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 12 June 2021 12:46 am

  Oil Registers Third Straight Weekly Rise

  

  Oil prices finished higher on Friday, registering their third consecutive weekly rise, at fresh two-year high levels. Expectations for demand recovery continue to provide support for crude prices as the global economy shrugs off the effects of the coronavirus pandemic. Brent crude futures for August delivery rose by 17 cents, …

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• 11 June 2021 11:54 pm

  European Stocks Close Higher at New Record

  

  European stocks surged on Friday to close to a new record high, with markets digesting concerns about the surge in U.S. inflation as it is expected to be temporary. The STOXX Europe 600 index gained 0.68% to finish at 457.64 points, maintaining its rising trend for the sixth consecutive session. …

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• 11 June 2021 10:39 pm

  Gold Closes Lower and Turns to Weekly Losses

  

  Gold prices declined on Friday and finished at its lowest level in about a week, as the U.S. Dollar rose across the board. The USD’s rise and selling pressures due to profit making weighed on the yellow metal, which continues to signal strength and maintain most of its gains on …

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• 11 June 2021 9:25 pm

  EUR/USD Extends Losses as Dollar Strengthens

  

  The Euro (EUR) declined against the U.S. Dollar (USD) on Friday, losing multiple support levels as the greenback rose across the board. The European currency’s losses come after the European Central Bank (ECB) decided to maintain the current interest rates and committed to the current pace of asset purchases, with …

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• 11 June 2021 8:42 pm

  Dollar Soars to Highest Level in a Week

  

  The U.S. Dollar (USD) rose on Friday against major peers to its highest level in a week, supported by positive data and rising bond yields. The benchmark U.S. Treasury bond yield is showing rebounding signs, following strong drops. Meanwhile, data showed an improvement in the U.S. consumer sentiment this month, …

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• 11 June 2021 7:15 pm

  U.S. Consumer Sentiment Improves in June

  

  U.S. consumer confidence rose in early June, recovering most of its losses in May, data by the University of Michigan showed on Friday. The Index of Consumer Sentiment rose to 86.4 this month, from 82.9 in May, while the current economic conditions index rose to 90.6, compared with 89.4 last …

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• 11 June 2021 5:44 pm

  Car Sales in China Fell 3% in May, The First Decline in 14 Months

  

  Auto sales in China fell 3% in May compared to the corresponding month last year, data for the sector showed, ending a 13-month straight winning streak that began in April 2020. Data from the China Automobile Manufacturers Association showed that total sales in the world’s largest auto market amounted to …

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• 11 June 2021 4:53 pm

  EU Eases Cross-Border Travel Restrictions During Summer

  

  European Union countries have agreed to ease travel restrictions during the summer, allowing tourists who have received full vaccinations to avoid examinations or quarantine, as well as expanding the list of European Union regions from which it is safe to travel. Portugal, the current president of the European Union, said …

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• 11 June 2021 4:16 pm

  Breaking: The Euro Settles Below The 1.2170 Support Level And Continues to Decline

  

  After the moves of the European Central Bank and the rise of the US dollar, the euro settles below the 1.2170 support level and continues to decline To be updated…

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• 11 June 2021 3:34 pm

  Central Bank of Russia Hikes Policy Rate by 50 Basis Points to 5.5% in June

  

  Russia’s central bank announced on Friday that it hiked its policy rate by 50 basis point to 5.5% following its June policy meeting.

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• 11 June 2021 3:02 pm

  Investors Turn a Blind Eye to Inflation Figures And ECB is Dovish

  

  After a week of anxious waiting, the markets received the high US inflation number they had been dreading, then shrugged it off and moved on, leaving the USD under pressure and most of the major currencies stuck in tight ranges. In early trading in the Asian session, the dollar incurred …

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• 11 June 2021 2:03 pm

  Oil is Falling But Heading For a Third Weekly Rise

  

  Oil prices fell on Friday, June 11, but are heading to rise for a third week, thanks to expectations of a recovery in fuel demand in Europe, China, and the United States, as increased vaccination rates lead to easing restrictions imposed due to the Corona pandemic. Brent crude futures were …

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• 11 June 2021 1:21 pm

  European Shares Extend Gains For The Sixth Day

  

  European shares extended gains for the sixth session Friday, June 11, supported by hopes that major central banks will continue to pursue an accommodative monetary policy despite signs of rising inflation, while gains in mining and travel companies lent support to indexes in the region. The Stoxx600 index of European …

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