Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 27 July 2021 5:51 am

  Oil Recovers from Most Losses amid Positive Expectations

  

  Oil prices recovered from most of its earlier losses on Monday, but showed a mixed performance, with continuous concerns about recovery and the sustainability of production policies. However, most expectations are leaning towards a tight supply until the end of the year. In addition, markets are focusing on the coming …

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• 27 July 2021 1:26 am

  U.S. Treasury Bond Yields Stabilize Ahead of Fed Meeting

  

  Treasury bond yields on the United States stabilized on Monday, amid anticipation fort the upcoming Federal Open Market Committee (FOMC) meeting by the U.S. Federal Reserve. The monetary policy meeting takes place on Tuesday and Wednesday. Todays’ stability in Treasury yields after last week’s fluctuations, is due to relatively reduced …

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• 27 July 2021 1:15 am

  Gold Finishes at Lowest Level in Three Weeks

  

  Gold prices finished below $1,800 and fell to its lowest level in about three weeks, amid anticipation fort the upcoming Federal Open Market Committee (FOMC) meeting by the U.S. Federal Reserve. The policy statement, which is set to be released on Wednesday, will set the tone for markets in terms …

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• 26 July 2021 10:09 pm

  Europe’s Stocks Close with Mostly Marginal Losses

  

  European stocks finished Monday lower, opening the last week of July with small losses with more investors focusing on tracking the resurgence of the coronavirus with the spread of the Delta variant. The STOXX Europe 600 index leveled down by 0.08% to settle at 461.14, nearly its all-time record high …

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• 26 July 2021 8:56 pm

  Dallas Fed Manufacturing Index Expands in July

  

  The manufacturing production in the city of Texas maintained a strong performance in July, data by the Federal Reserve Bank of Dallas showed on Monday. The Dallas Fed manufacturing production index rose to 31.0 in July from 29.4 in June, as shown by the results of the Texas Manufacturing Outlook …

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• 26 July 2021 7:23 pm

  U.S. New Home Sales Drop in June

  

  The sales of new single-family homes in the United States declined last month, data showed on Monday. New home sales fell by 6.6% to a seasonally adjusted annual rate of 676,000 units in June, according to the U.S. Department of Commerce. In addition, May’s reading was revised downwards to 724,000 …

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• 26 July 2021 5:27 pm

  Earning Reports From Household Names This Week

  

  Markets are about to enter another turbulent week, the turmoil will be utterly dependent on the performance of household names in the second quarter according to the earnings report and whether these reports indicate a bad performance – which is expected – or come on the positive side, which drives …

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• 26 July 2021 5:01 pm

  US Treasury Yield Back to Lowest Level in Five Months

  

  The benchmark 10-year US Treasury yield fell to 1.23% on Monday, returning to a 5-month low. Investors await the Federal Open Market Committee’s meeting later in the week for more clues on the Fed’s next moves, stimulus, and the economic outlook. Concerns about the rapid spread of the delta variant …

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• 26 July 2021 3:40 pm

  Gold Rising Supported by Lower Yields And Virus Fears

  

  Gold prices surged, boosted by lower US bond yields and worries about higher delta infections, as investors look ahead to this week’s fed meeting. Spot gold rose 0.3% to $1,806.80 an ounce. And US gold futures rose 0.3% to $ 1806.70. The rise in Covid-19 infections continued at the weekend, …

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• 26 July 2021 3:12 pm

  A Sudden Drop in The IFO Business Climate Index in Germany

  

  A survey showed on Monday that the IFO index of business confidence recorded a surprise decline in July, as concerns about the supply chain persisted and amid a rise in Coronavirus infections. The Ifo institute said its business climate index fell to 100.8 from 101.7 after being revised in June. …

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• 26 July 2021 2:15 pm

  European Shares Drop From Their Highs

  

  European shares fell from their highest levels ever, after fears of regulation plunged into stock markets in Asia, while shares of automakers fell after a strong performance last week. The pan-European Stoxx 600 index fell 0.4%, with auto stocks leading losses. Porsche shares fell 4.5% as shares were traded without …

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• 26 July 2021 1:45 pm

  Oil Drops One Dollar a Barrel Due to Corona And Torrential Rains

  

  Oil prices fell nearly a dollar on Monday as concerns about demand caused by the spread of mutated strains of the Coronavirus, as well as torrential rains in China, dispelled expectations of tight supplies for the rest of the year. Brent crude futures for September delivery fell 95 cents, or …

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• 26 July 2021 1:15 pm

  Nikkei Follows Global Gains But Virus Fears Undermine Sentiment

  

  Japanese shares closed higher on Monday, tracking gains in global stock markets thanks to positive corporate results, but the gains were curbed by concerns about global Covid-19 cases that could weaken the country’s economic recovery further. The Nikkei rose 1.77% in early trading after a four-day weekend that saw the …

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