Open Demo Account

Market Analysis

August, 2021

  • 6 August 2021 12:00 am

    Gold Closes at Lowest in a Week

    Gold prices declined on Thursday for the second time in three sessions, despite the U.S. Dollar (USD) fluctuating against major currencies. The yellow metal has been under some selling pressures due to profit making and a relative improvement in risk sentiment that provided support for stock markets, with investors monitoring …

    Read More »
  • 5 August 2021 10:51 pm

    European Stocks Close at Another Record High

    European stocks continued to push higher into new record levels on Thursday, with investors monitoring economic data and earnings reports. The STOXX Europe 600 index added 1.74 points, or 0.37%, to close at 469.96 points. The pan-European index has maintained a rising trend for four consecutive sessions, breaking multiple record …

    Read More »
  • 5 August 2021 8:06 pm

    U.S. Natural Gas Supplies Increased Last Week: EIA

    Natural gas inventories in the United States increased by 13 billion cubic feet for the week ending July 30, according to estimates by the U.S. Energy Information Administration (EIA) released on Thursday. Total natural gas stockpiles reached 2.727 trillion cubic feet, down by 542 billion cubic feet compared with the …

    Read More »
  • 5 August 2021 5:31 pm

    US: Weekly Initial Jobless Claims Decline to 385K

    There were 385,000 initial claims for unemployment benefits in the US during the week ending July 31, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 399,000 (revised from 400,000) and came in slightly above the market expectation of …

    Read More »
  • 5 August 2021 4:28 pm

    Bailey Speech: Useful to Have a Predictable Path For Reversing QE

    “Remarkable how little headline news there has been on UK economic activity since May.” “Our view is inflation pressures will reduce.” “We don’t see a spike in unemployment when furlough ends.” “Number of unemployed people will be about 250,000 higher than before pandemic.” “Should economy grows as expected, some modest …

    Read More »
  • 5 August 2021 3:28 pm

    BoE Press Conference: Governor Bailey speech live stream – August 5

    Following the Bank of England’s (BoE) decision to leave the policy rate and the Asset Purchase Facility unchanged at 0.1% and £895B, BoE Governor Andrew Bailey will deliver his remarks on the policy outlook.

    Read More »
  • 5 August 2021 3:26 pm

    Bank of England Leaves Policy Settings Unchanged as Expected

    BoE

    The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% following the August policy meeting and kept the Asset Purchase Facility steady at £895 billion as widely expected.

    Read More »
  • 5 August 2021 3:00 pm

    US Stock Futures Continue to Rise Ahead of Wall Street Open

    Futures contracts linked to the major US stock indexes rose moderately in Thursday morning trading as Wall Street appeared to be improving in a mixed week. Waiting for the US labor market data, which is considered the latest and most prominent in the US market this week. At 9:31 AM …

    Read More »
  • 5 August 2021 2:01 pm

    Oil Gives up Early Gains on Corona Fears

    Oil prices fell on Thursday, giving up early gains, as more countries imposed restrictions on movement in light of the increase in cases of the Coronavirus and the rise in the dollar, although tension in the Middle East prevented further decline. On Thursday, Japan expanded emergency restrictions to include more …

    Read More »
  • 5 August 2021 1:19 pm

    Gold Loses Its Luster With The Rise of The Dollar After The Statements of The US Fed

    Gold prices came under pressure Thursday, August 5th, after comments from the US Federal Reserve boosted the dollar, while investors are now focusing on non-farm payrolls data for indications of a labor market recovery. And gold fell in spot transactions 0.1 percent to $ 1809.91 an ounce, while US gold …

    Read More »
  • 5 August 2021 12:17 pm

    German Industrial Orders Rebound on Strong Domestic Demand

    Thursday, August 5th data showed orders for German-made goods rose more than expected in June, driven by bookings of large industrial products primarily by domestic customers. Data published by the Federal Statistics Office showed that orders for “made in Germany” goods jumped 4.1% month-on-month, after adjusting for seasonal factors. This …

    Read More »
  • 5 August 2021 11:29 am

    The Turkish lira touches its lowest level in a week

    On Thursday, August 5th, the Turkish lira touched its lowest level against the US dollar in a week on concerns about monetary policy after Turkish President Recep Tayyip Erdogan said interest rates would fall. The lira hit 8.55 against the dollar, down from a close of 8.48 on Wednesday. And …

    Read More »
  • 5 August 2021 10:51 am

    Uber’s Results Beat Expectations in Q2

    Uber announced its results for the second quarter of this year, which came in better than expected. Earnings per share: 58 cents versus an expected loss of 51 cents. Revenues: $3.93 billion, compared to an expected $3.75 billion. Uber reported a net profit of $1.1 billion for the quarter. This …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends