Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 27 July 2021 12:26 pm

  China’s Industrial Profits Slow in June as Raw Material Prices Rise

  

  Earnings growth for industrial firms in China slowed for the fourth consecutive month, as higher raw material prices squeezed factory margins, suggesting some weakness in the world’s second-largest economy’s recovery. Profits of industrial companies rose 20% year on year in June to 791.8 billion yuan, or about $122.27 billion, according …

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• 27 July 2021 11:38 am

  Amazon Denies Accepting Bitcoin

  

  Amazon has denied reports that it accepts payments in cryptocurrency and bitcoin. There was news about the company opening jobs on blockchain development, accepting cryptocurrencies as a form of payment. The cryptocurrency rose strongly to the psychologically important level of $40,000, but the company quickly denied this news, dropping Bitcoin …

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• 27 July 2021 11:15 am

  Cadence Design: Revenue Beat Expectations in Q2

  

  Cadence Design’s second-quarter earnings report beat analyst expectations. The report was released on Monday and the company posted revenue that beat expectations. Earnings per share were $0.86 while revenue was $728.3M.

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• 27 July 2021 10:33 am

  Tesla: Revenue Beat Expectations in Q2

  

  Tesla Inc reported second-quarter earnings that beat analyst expectations. The report was released on Monday and the company posted revenue that beat expectations. Earnings per share were $1.45 while revenue was $11.96B. Market surveys from Investing.com had expected earnings per share of $0.9364 and earnings per share of $11.53B. Also, …

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• 27 July 2021 7:59 am

  Amazon Negates Bitcoin Rumors as Bezos Focuses on the Moon

  

  Amazon has reportedly denied on Monday recent news about a plan to begin accepting Bitcoin as payment by the end of 2021, according to Reuters. Now thought-to-be fake reports by British media regarding Bitcoin acceptance by Amazon led to a huge surge in cryptocurrency to levels not seen in about …

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• 27 July 2021 7:40 am

  Dollar on a Slide and Wall Street Rise Ahead of Fed Meeting

  

  The Dollar Index (DXY) finished Monday on a lower note, amid anticipation for the upcoming policy meeting by the U.S. Federal Reserve. The index, which measures the performance of the U.S. Dollar (USD) against a basket of six major international currencies settled at 92.649, losing 0.28% on a daily basis, …

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• 27 July 2021 5:57 am

  U.S. Plans to Keep Travel Restrictions due to Delta Variant Concerns

  

  The United States plans to maintain current travel restrictions due to concerns about the spread of the novel coronavirus (COVID-19) Delta variant with a rising number of cases, Reuters reported. The move that was reportedly confirmed by the White House on Monday could leave a negative impact on the airline …

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• 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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