Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 10 August 2021 6:57 am

  Eyes on U.S. Inflation Reading Despite Focus on Jobs Numbers

  

  The July reading of the U.S. Consumer Price Index (CPI) is set to be released on Wednesday, with expectations for another surge in the inflation rate. A recent survey by the Wall Street Journal expects that the reading of the CPI will register a monthly increase of 0.5% with core …

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• 10 August 2021 6:40 am

  NYSE Retreats from Record Highs to Close Mostly Lower

  

  The main indices of the New York Stock Exchange (NYSE) finished mostly lower on Monday, amid concerns about the spread of the coronavirus Delta variant, with some countries returning to lockdown and preventive measures, casting shadows on the prospects for a strong global economic rebound. The Dow Jones Industrial Average …

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• 10 August 2021 4:26 am

  Oil Finishes at Three-Week Low on Pandemic Fears

  

  Oil prices declined on Monday for the second consecutive session to reach their lowest level in about three weeks. The decline comes amid a rise by the U.S. Dollar (USD) and concerns over the spread of the Delta variant of the Coronavirus, with some Asian countries restoring lockdowns and other …

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• 10 August 2021 2:12 am

  Gold Pushes Lower for Third Straight Session

  

  Gains by the U.S. Dollar (USD) pushed gold prices into a third consecutive decline on Monday, with the yellow metal opening the week on a lower note, amid a weakened demand for safe-haven assets and an improvement in investors’ sentiment. Gold front-month futures declined by $36.60, or 2.08%, and finished …

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• 10 August 2021 2:07 am

  European Stocks Open Week at Another Record High

  

  European stocks finished Monday at another record-high closing level with investors closely monitoring economic indicators and earnings reports. The STOXX Europe 600 index gained 0.71 points, or 0.15%, to close at an all-time high of 470.68 points. The pan-European index has maintained an upwards trend for six consecutive trading sessions, …

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• 10 August 2021 12:30 am

  Fed’s Bostic Thinks Tapering Could Begin After Another Strong Jobs Report

  

  The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Monday that the Fed should begin tapering the massive asset purchases following two consecutive months of strong job creation. He believes moving from the current accommodative stance to a more normal policy should be faster than previously …

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• 9 August 2021 9:24 pm

  Dollar Turns Positive Following JOLTS New Record Level

  

  The U.S. Dollar (USD) extended gains on Monday, after data showed another surge in job openings in the United States, giving more positive signs of a recovery in the labor market. Data by the U.S. Department of Labor showed that the number of available jobs increased to 10.1 million in …

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• 9 August 2021 8:28 pm

  Bitcoin at Highest in Nearly Three Months

  

  Bitcoin continued its rally on Monday, surging to its highest level in about three months. Recent news has reassured investors in crypto-assets and improved their appetite for digital currencies, allowing Bitcoin to recover some of its recent losses. The world’s largest cryptocurrency in terms of market capitalization is up for …

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• 9 August 2021 5:52 pm

  The US Dollar Reaches Its Highest Level in Two Weeks

  The US dollar index managed to maintain the rising pace that it started at the end of the last week’s trading following the release of US labor market data during the month of July, which came in a very strong way better than the market expectations and pushed the US …

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• 9 August 2021 5:06 pm

  Yellen Urges Congress to Raise US Debt Ceiling

  

  US Treasury Secretary Janet Yellen stressed her call for Congress to raise the US debt ceiling through a bipartisan move in Congress, with the federal government’s ability to borrow imminently running out. Such a move would not raise government spending or pave the way for future spending, she said in …

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• 9 August 2021 4:11 pm

  China’s Central Bank Intends to Maintain Flexible And Accommodative Monetary Policy

  

  China’s central bank said it will maintain a flexible and accommodative prudent monetary policy while prioritizing stability. In its monetary policy implementation report for the second quarter of the year, the People’s Bank of China said it will keep liquidity reasonably plentiful and boost support for technology innovation, small businesses, …

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• 9 August 2021 3:20 pm

  Oil Plunges 4% on China’s COVID-19 restrictions And Climate Warnings

  

  Oil prices tumbled 4% on Monday, continuing their sharp losses incurred last week against the backdrop of the rise in the US dollar and fears that the global recovery in fuel demand may slow due to new restrictions to confront the pandemic in Asia, especially in China. The sentiment was …

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• 9 August 2021 2:31 pm

  Eurozone Sentix Investor Confidence Drops to 22.2 in August

  

  Eurozone’s investor sentiment snapped its uptrend and dropped more than expected in August, the latest data published by the Sentix research group showed on Monday. The gauge dropped to 22.2 in August from 29.8 in July vs. a reading of 29.0 expected. The index ended its fifth straight month of …

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