Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 26 August 2021 3:06 pm

  The Dollar is Facing a Difficult Test

  

  The dollar rose slightly in early European trade on Thursday but remained near a one-week low amid good risk appetite ahead of the Federal Reserve’s Jackson Hole keynote. the US Dollar Index, which measures the greenback against a basket of six other currencies, was up 0.1% at 92.930, after falling …

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• 26 August 2021 1:48 pm

  Gold Falls as The Dollar Rises, Ahead of Jackson Hole

  

  Gold prices fell, as the dollar rose ahead of a scheduled speech by US Federal Reserve Chairman Jerome Powell this week, while investors awaited signs of reducing economic stimulus. And gold fell in spot transactions 0.3% to $ 1784.82 an ounce) by 0705 GMT, while US futures fell 0.3% to …

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• 26 August 2021 1:11 pm

  European Shares Fall on Virus And Policy Concerns

  

  European shares rebounded after data showed German consumer morale deteriorating with the rise in Covid-19 cases, while the atmosphere was also negatively affected by concern about the prospects for monetary policy. The pan-European Stoxx 600 index fell 0.6%, with retail and mining stocks among the biggest losers. Investors remain anxious …

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• 26 August 2021 12:40 pm

  Nikkei Rises, Caution Prevails Ahead of Jackson Hole

  

  Japan’s Nikkei index rose in choppy trading, supported by transport stocks and Wall Street moves overnight, but gains were limited as market participants refrained from making big bets ahead of the US Federal Reserve’s Jackson Hole seminar this week. The Nikkei index rose 0.06% to close at 27742.29 points, after …

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• 26 August 2021 5:44 am

  What to Look For in the Jackson Hole Conference?

  

  Markets are eagerly anticipating the Chairman of the United States Federal Reserve, Jerome Powell, Friday’s speech at the Jackson Hole Economic Policy Symposium. The event, sponsored by the Federal Reserve Bank of Kansas City, has been limited to a virtual online setting, instead of having it in-person at the resort …

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• 26 August 2021 4:50 am

  U.S. Natural Gas Inventories Expected to Add 41 BCF

  

  U.S. natural gas inventories are expected to have increased by about 41 billion cubic feet, according to estimates Dow Jones. The working supply data are due on Thursday by Energy Information Administration reported (EIA). Last week, EIA reported an increase of about 46 billion cubic feet for the week ending …

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• 26 August 2021 3:34 am

  Did You Know Messi is Getting Paid in Crypto?

  

  Argentinian football player Lionel Messi, who recently completed a move to Paris Saint Germain, is partially paid in cryptocurrency, according to media reports. The French capital club has agreed a two-year deal with the former captain of FC Barcelona with an annual salary of $41 million, a sum that could …

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• 26 August 2021 2:56 am

  Wall Street Maintains Gains and Sets New Record Highs

  

  The main indices of the New York Stock Exchange (NYSE) closed higher on Wednesday, as Wall Street continued with its rally as S&P 500 and Nasdaq closing at new record highs, while Dow Jones rose for the fourth consecutive session. Positive earnings reports for the second quarter of the year …

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• 26 August 2021 12:22 am

  Oil Scores Third Consecutive Rise for First Time in August After U.S. Inventory Draw

  

  Oil prices closed higher on Wednesday, maintaining a rising trend for the third consecutive session, supported by the drop in American crude inventories last week, despite it being below market expectations. The United States Energy Information Administration (EIA) reported that crude inventories decreased by three million barrels in the week …

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• 25 August 2021 11:55 pm

  Gold Closes Lower with Anticipation for Jackson Hole Fed Remarks

  

  Gold prices declined on Wednesday for the first time in four sessions, despite fluctuations by the U.S. Dollar (USD) that was in the positive territory during the European session and for most of the American session. The yellow metal’s drop that snapped a three-session rising streak comes amid expectations for …

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• 25 August 2021 9:37 pm

  Europe’s Stocks Close Little Changed Following German Data

  

  European stocks finished Wednesday marginally higher, with mixed factors impacting the markets, as data showed that the manufacturing sector in Germany remained impacted by supply chain disruptions and bottlenecks. Germany’s IFO Business Climate Index remained positive but declined to 99.4 in August, while the gauge of Current Economic Assessment increased …

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• 25 August 2021 8:01 pm

  U.S. Oil Inventories Down 3M Barrels in Week: EIA

  

  Crude oil inventories in the United States declined by three million barrels last week, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). The decline, which exceeded market expectations, brought oil supplies to 432.6 million barrels, nearly 6% below the five-year average. In the week …

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• 25 August 2021 5:37 pm

  US Capital Goods Orders Stable in July

  

  New orders for key US-made capital goods held steady in July, but accelerating shipments suggest that business investment in equipment could offset an expected slowdown in consumer spending and keep the economy on a solid growth path in the third quarter. The US Commerce Department said on Wednesday that the …

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