Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 28 June 2021 11:58 pm

  Oil Down to Lowest Level in Week Ahead of OPEC Meetings

  

  Oil prices declined on Monday and closed at their lowest level in more than a week, with markets awaiting the outcomes of the coming OPEC+ meeting. Uncertainty regarding production policies coupled with concerns over the rising number of COVID-19 cases in some countries are weighing on energy markets. The OPEC+ …

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• 28 June 2021 11:28 pm

  Gold Closes Higher as USD Wanes

  

  Gold futures finished higher on Monday, as the U.S. Dollar (USD) showed a relatively weak performance at the beginning of the week. Markets are anticipating key economic data this week, with some analysts seeing the yellow metal possibly restoring the $1,800 level. Gold futures for August delivery gained $2.90, or …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 28 June 2021 12:24 pm

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

  

  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 …

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