Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 5 July 2021 1:14 pm

  Turkey: CBRT Leaves Policy Rate Unchanged at 19%

  

  Turkey’s annual inflation jumped to a two-year high of 17.53% in June, beating expectations of 17% and extending a long rise after a brief decline, potentially delaying any interest rate cut this year.The monthly consumer price reading was also higher than expected, up 1.94 percent, according to the Turkish Statistical …

  Read More »
• 5 July 2021 12:05 pm

  Virus Fears Keep European Shares Below Record Levels

  

  European shares were stuck below all-time highs, as the global spread of the mutated Delta strain of the Corona virus raised fears of an economic stumble, but Morrisons shares jumped as the battle for the British company intensified.The pan-European Stoxx 600 index fell 0.11 percent, and the shares of travel …

  Read More »
• 5 July 2021 10:23 am

  French Health Minister Warns of a Fourth Wave of The Coronavirus

  

  French Health Minister Olivier Veran urged Sunday, July 4, as many French people as possible to get the Corona vaccine, warning that France may be heading towards a fourth wave of the epidemic by the end of this month due to the highly contagious delta strain. “For five days the …

  Read More »
• 4 July 2021 11:35 pm

  Market Recap: June 28 – July 2

  

  Many markets around the globe are lifting lockdowns and preventive measures against the coronavirus (COVID-19), but the global pandemic continues to raise uncertainty after the recent increase in the number of new cases infected with the Delta variant. Some vaccines are reportedly effective against the variant, including J&J and Moderna, …

  Read More »
• 3 July 2021 3:44 am

  Fed’s Daly Expects Tapering in Late 2021 or Early 2022

  

  The President of the Federal Reserve Bank of San Francisco, Mary Daly, expects the Federal Reserve will begin tapering before the end of 2021, since the economy is really shaping up nicely. Speaking to the Associated Press on Friday, Daily said that “it is appropriate to consider tapering asset purchases …

  Read More »
• 3 July 2021 12:39 am

  Oil Closes Mixed but Maintains Weekly Gains

  

  Oil prices showed a mixed performance on Friday, amid with markets awaiting the outcomes of the OPEC+ summit. The OPEC+ alliance could not agree on Friday on a decision regarding output policy for August and beyond. Discussions are expected to resume on Monday, according to recent media reports. Brent crude …

  Read More »
• 2 July 2021 11:31 pm

  Gold Maintains Gains for Second Straight Week

  

  Gold maintained a positive performance for the third session in a row on Friday to finish the week on a rise for the second consecutive week. The yellow metal futures for August delivery gained $5.60, or 0.38%, to finish at $1,783.30 per ounce, its highest since June 23. Gold gained …

  Read More »
• 2 July 2021 10:43 pm

  Reports Show Improved Growth Forecasts for U.S. Economy

  

  The United States economy is expected to achieve a better than previously expected growth this year, as shown by the most recent forecasts. Containing the coronavirus pandemic with the rollout of vaccines, reopening business, demand recovery helped by the massive stimulus and support measures are providing the base for recovery …

  Read More »
• 2 July 2021 10:00 pm

  European Stocks Narrow Weekly Losses

  

  European stocks closed higher on Friday for the second consecutive session, supported by a positive performance by leisure and travel stocks, despite losses by the banking stocks, which limited gained amid concerns about the Delta variant of the Coronavirus. The STOXX Europe 600 Index gained 1.18 points or 0.26% and …

  Read More »
• 2 July 2021 9:20 pm

  USD/CAD Drops Following Slew of Economic Data

  

  The U.S. Dollar (USD) dropped against its Canadian counterpart (CAD), sliding into the negative territory with the beginning of the American session, after moving earlier in a relatively tight range around its highest level in about two weeks near 1.24. The greenback has declined across the board following the release …

  Read More »
• 2 July 2021 7:48 pm

  U.S. Factory Orders Rebound in May

  

  New factory orders in the United States rebounded in May, following a decline that exceeded expectations in April, data showed on Friday. Factory orders increased by 1.7%, following a 0.1% decline in April, according to the U.S. Department of Commerce. On an annual basis, factory orders surged by 17.2% compared …

  Read More »
• 2 July 2021 6:07 pm

  Canada: Markit Manufacturing PMI Decline to 56.5 in June

  

  The business activity in Canada’s manufacturing sector continued to expand in June, albeit at a softer pace than it did in June, with the Markit Manufacturing PMI edging lower to 56.5 from 57 in May.

  Read More »
• 2 July 2021 5:43 pm

  Canada: International Trade Deficit of C$1.4B in May

  

  Canada’s international merchandise trade deficit came in at C$1.4 billion in May as data published by Statistics Canada showed on Friday, worse than market expectations of C$0.37 billion. “In May, Canada’s merchandise imports increased 2.1%, while exports fell 1.6%,” the publication read. “In May, the average value of the Canadian …

  Read More »