Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 30 June 2021 1:46 pm

  Gold on Record The Path of The Largest Monthly Decline in Nearly 5 Years

  

  Gold hovered around a two-month low on Wednesday, June 30, as investors awaited US jobs data for greater clarity on the US Federal Reserve’s stance on policy, while the yellow metal headed for its worst monthly decline since November 2016. And gold fell in spot transactions 0.2% to $ 1757.76 …

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• 30 June 2021 3:01 am

  When Should ECB Scale Back Asset Purchases?

  

  Germany’s Jens Weidmann, a member of the European Central Bank (ECB) board, believes that scaling back the massive stimulus needs to be step-by-step after reopening and achieving recovery. These are the two prerequisites for reducing the monetary easing policies, according to the governor of the Deutsche Bundesbank, who was speaking …

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• 30 June 2021 1:43 am

  EUR/USD Declines for Second Day in Row

  

  The Euro (EUR) declined on Tuesday as the U.S. Dollar (USD) rose across the board with Treasury bond yields rebounding ahead of the jobs data. The EUR/USD pair lost 0.21% to reach 1.1899, its biggest loss and lowest level since June 18. This is the second consecutive daily loss for …

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• 30 June 2021 1:19 am

  GBP/USD Closes at Lowest Level Since June 18

  

  The British Pound (GBP) resumed losses against a stronger U.S. Dollar (USD), with the latter rising on the back of a rebound by Treasury bond yields. In addition, the Sterling remains impacted by the uncertainty surrounding plans to reopen the U.K. despite concerns about the coronavirus Delta variant. Today, the …

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• 30 June 2021 12:34 am

  Wall Street Close with Modest Gains and New Records

  

  The New York Stock Exchange (NYSE) closed modestly higher on Tuesday, with the technology stocks leading the gains in Wall Street and investors awaiting economic data, especially the upcoming jobs report, to asses the possible impact on monetary policy and interest rates. The S&P 500 and the Nasdaq Composite continued …

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• 29 June 2021 11:14 pm

  Oil Settles Higher After Choppy Trading

  

  Oil prices fluctuated on Tuesday, recovering from losses before giving up some of its daily gains, but managed to close higher with markets anticipating the coming OPEC+ decision on production policy. Concerns over the rising number of coronavirus (COVID-19) cases in a number of countries continue to limit the effect …

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• 29 June 2021 10:39 pm

  Gold Plunges to Lowest Level Since April

  

  Gold prices finished lower on Tuesday, as the U.S Dollar (USD) and Treasury bond yields rebounded from recent declines. However, the yellow metal was able to recover from session lows but still closed at its lowest level since April 14. Front Month Gold futures for July delivery lost $17, or …

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• 29 June 2021 10:15 pm

  European Stocks Finish Higher on Improved Sentiment

  

  European stocks closed higher on Tuesday after data showed economic sentiment in the Eurozone rose to its highest level in about 21 years. The pan-European STOXX 600 index gained 0.31% to close at 456.37 points. The blue-chip EURO STOXX 50 index added 0.43% to finish at 4,107.51 points. The French …

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• 29 June 2021 8:45 pm

  Moderna Says COVID-19 Vaccine Effective Against Delta Variant

  

  Moderna said that its coronavirus (COVID-19) vaccine is showing promising results against the Delta variant. Tests reportedly showed the vaccine led to an antibody response against all the studies variants, the company announced on Tuesday. The Delta variant was first discovered in India and appeared in many countries, leading to …

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• 29 June 2021 7:26 pm

  U.S. Consumer Confidence Improves in June

  

  U.S. consumer confidence improved this month, reaching a new fresh high since the beginning of the pandemic, data showed on Tuesday. The Consumer Confidence index rose to 127.3 from a revised reading of 120 in May, according to the Conference Board. More consumers are showing upbeat expectations for economic recovery …

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• 29 June 2021 6:03 pm

  US: Housing Price Index Edges Higher to 1.8% in April

  

  The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) rose by 1.8% on a monthly basis in April following March’s increase of 1.6%. Meanwhile, the annual S&P/Case-Shiller Home Price Indices arrived at 14.9% in February and surpassed the market expectation of 14.5%.

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• 29 June 2021 4:56 pm

  Germany: Annual HICP Declines to 2.1% in June

  

  Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.4% (preliminary) on a monthly basis in June from 0.5% in May, the data published by Destatist showed on Tuesday. On a yearly basis, the CPI declined to 2.3% from 2.5%. Both of these readings came …

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• 29 June 2021 3:40 pm

  Travel Ban in Britain Due to The Outbreak of The New Strain of Corona

  

  The health authorities in the United Kingdom announced the highest rate of infection with the Corona virus since January 30, as the authorities recorded about 22,868 new confirmed cases of the Coronavirus in just one day. This sudden rise in new cases of Coronavirus in the United Kingdom is due …

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