Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 18 June 2021 5:28 pm

  Sources to Reuters: OPEC Has Been Informed That it Expects Limited Growth in US Oil Production at Present

  

  OPEC sources said that OPEC officials have heard from industry experts that US oil production growth will likely remain limited in 2021 despite higher prices, giving the organization more leverage to manage the market in the short term before a possible strong increase in shale crude production in 2022. Officials …

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• 18 June 2021 4:48 pm

  Gold Makes Up For Some of Its Losses On Dollar

  

  Gold prices rose today, Friday, by 1%, as the pause in the dollar’s rise to catch its breath compensated for some of its large losses driven by the US Federal Reserve’s shift towards a monetary tightening tone. Spot gold rose 1.1% to $1,792 an ounce but fell 4.5% for the …

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• 18 June 2021 3:54 pm

  Britain Records a Significant Increase in Infections With the Delta Variant

  

  Data from the Public Health Authority in Britain revealed a significant new increase in weekly infections with the Delta strain of the Coronavirus after Prime Minister Boris Johnson decided to postpone the final lifting of the restrictions on the general closure. The Public Health Authority detected 33,630 new infections with …

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• 18 June 2021 2:57 pm

  Oil Falls on Dollar Strength, But Demand Picture is Still Positive

  

  Oil prices fell for the second session in a row Friday, June 18, as the US dollar rose thanks to the possibility of an increase in interest rates in the United States, but crude is on track to conclude the week with little change and just below its highest levels …

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• 18 June 2021 2:25 pm

  Eurozone Current Account Surplus Widened in April

  

  Data from the European Central Bank showed that the Eurozone’s current account surplus widened in April thanks to an increase in the trade surplus and primary income, which includes profits from foreign investment. The 19-nation Euro bloc posted a revised current account surplus of 22.8 billion euros in April, up …

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• 18 June 2021 1:56 pm

  Gold is Heading For The Worst Week in 15 Months Due to The US Federal Reserve’s Tendency to Tighten Monetary

  

  Gold prices rose on Friday, June 18, but are heading towards recording the worst weekly performance since March 2020 after the US Federal Reserve’s shift towards a monetary tightening tone caused the dollar to rise and negatively affected the attractiveness of the yellow metal. And gold rose in spot transactions …

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• 18 June 2021 1:20 pm

  The Dollar is Heading For Big Weekly Gains in Light of The US Federal Reserve’s Shift

  

  Friday, June 18th, the dollar is set to record its best weekly performance in nearly 9 months as investors raced to consider an end to US monetary stimulus sooner than expected in the days following a sudden shift in the US Federal Reserve’s tone. Since Wednesday, when US central bank …

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• 18 June 2021 12:48 pm

  Germany Allows Entry to Travelers From Outside The European Union

  

  The German Interior Ministry said today, Thursday, that it will allow entry to people from outside the European Union from June 25, provided that they receive the full dose of the vaccine against the Coronavirus unless their countries are included in the list of regions where new strains of the …

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• 18 June 2021 12:20 pm

  The US House of Representatives Voted to Repeal The President’s War Authorization

  

  The US House of Representatives on Thursday voted to repeal the president’s 2002 authorization for the use of military force that authorized the war in Iraq. As voting continued, the number of votes in favor of cancellation reached 265, against 162. Almost all Democrats support repealing the mandate, while most …

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• 18 June 2021 3:09 am

  U.S. Plans Huge Investment in COVID Medicines

  

  The United States government on Thursday announced a plan to invest more than $3 billion in the research, development, and production of antiviral medicines that could be used to treat the novel coronavirus disease (COVID-19). The plan will reportedly be funded from the American Rescue Plan, which was proposed by …

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• 18 June 2021 1:58 am

  USD Declines Against JPY Despite Rising Across the Board

  

  The U.S. Dollar (USD) declined against the Japanese Yen (JPY) on Thursday, despite rising against most of its major peers. The USD/JPY pair fell by 0.43% to 110.24, registering its biggest daily loss since June 4. The pair has now declined in two out of the past three sessions, and …

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• 18 June 2021 1:25 am

  GBP Declines for Third Day in Row Against USD

  

  The British Pound (GBP) maintained its downwards trend against the U.S. Dollar (USD) for the third consecutive session on Thursday. A surprise hawkish change in tone by the U.S. Federal Reserve provided support for the greenback, while the Sterling remains impacted by uncertainty regarding easing lockdown measures in the U.K. …

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• 18 June 2021 1:16 am

  EUR Extends Losses Against USD

  

  The Euro (EUR) extended its losses against the U.S. Dollar (USD) on Thursday for the second consecutive day. This comes as the USD rose across the board following the U.S. Federal Reserve’s change in tone, expecting rising inflation and two rate hikes in 2023, sooner than previously expected. The EUR/USD …

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