Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 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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• 26 July 2021 12:47 pm

  Dollar And Yen Rise as Risk Appetite Declines Ahead of Fed Meeting

  

  The safe-haven yen and the US dollar started the week on the rise against more risky currencies such as the Australian dollar, as the rise in Covid-19 cases and the decline of stocks in Asia led to a state of caution ahead of the Federal Reserve (US Central Bank) meeting …

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• 26 July 2021 12:00 pm

  China Says The U.S. is The ‘inventor of coercive diplomacy’

  

  The United States is the “inventor of coercive diplomacy”, China’s vice foreign minister Xie Feng told U.S. Deputy Secretary of State Wendy Sherman on Monday, according to a statement on the foreign ministry website.

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• 26 July 2021 11:30 am

  Bitcoin Jumps After Amazon Headlines

  

  Cryptocurrencies rallied strongly today, with Bitcoin surge during the morning by more than 15%, on news that Amazon may be adding cryptocurrencies as a payment method. Elon Musk tweeted that this is the “big bang.” The e-commerce giant is reportedly hiring experts for blockchain and cryptocurrency payments among the latest …

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• 26 July 2021 11:05 am

  China Asks The US to Remove Restriction on Communist Party Members

  

  China asks the US to remove visa restrictions on Chinese communist party members, Xinhua News Agency reported, citing comments from the country’s Vice Foreign Minister Xie Feng following his meeting with the US Deputy Secretary of State Wendy Sherman.

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• 26 July 2021 10:30 am

  British MPs Report: The UK Will be Exposed to Financial Risks For Decades Due to The Cost of The Corona Pandemic

  

  Reports by British parliament members said that the government will be exposed to financial risks for decades as a result of spending 372 billion pounds on the Corona pandemic, adding that more than two billion pounds has been spent on unusable protection tools. The Parliament’s Public Accounts Committee said in …

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