Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 30 August 2021 2:13 pm

  Gold Prices Drop After The Federal Reserve

  

  Gold prices fell on Monday, August 30, as risk appetite improved after US Federal Reserve Chairman Jerome Powell calmed market fears of a rapid withdrawal of stimulus applied to mitigate the impact of the Coronavirus pandemic, reducing the yellow metal’s safe-haven appeal. Spot gold fell 0.2% to $1,813.76 an ounce …

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• 30 August 2021 1:32 pm

  Japan Shares Close Higher Thanks to Wall Street Gains

  

  Japanese stocks rose on Monday, August 30, due to a rebound on Wall Street, after US Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole forum eased market concerns about a rapid withdrawal of stimulus measures due to the epidemic. The broader TOPIX index rose near the close to …

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• 30 August 2021 12:51 pm

  European Shares Consolidate Near Record Highs

  

  European shares rose on Monday, August 30, to consolidate near record highs reached earlier this month, as hopes that continued central bank support will maintain the economic recovery dispelled the impact of fears surrounding the delta strain of the Coronavirus. The STOXX 600 index of the broader European shares rose …

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• 30 August 2021 4:44 am

  Weekly Recap: 23 – 27 August

  

  In his prepared remarks for delivery at the Jackson Hole Economic Symposium titled “Macroeconomic Policy in an Uneven Economy,” FOMC Chairman Jerome Powell said that there has been clear progress towards full employment and that he believes that if the US economy develops as expected, “it may be appropriate to …

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• 28 August 2021 5:44 am

  Summary of Today’s Fed Officials Remarks

  

  As investors are closely monitoring developments in the U.S. monetary policy, the Federal Reserve is gradually preparing markets for the beginning of tapering and the move from easing towards policy normalization. The first sign was when the Fed said that it would halt purchases of corporate bonds, then a clearer …

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• 28 August 2021 1:27 am

  Gold Scores Third Straight Weekly Gain and Biggest in Three Months

  

  Gold prices rose on Friday to finish their best week since late May after remarks by the Federal Reserve Chairman Jerome Powell only assured what we know from the FOMC July meeting minutes that the central bank sees tapering before the end of the year. The yellow metal’s front-month contracts …

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• 28 August 2021 12:25 am

  European Stocks Extend Weekly Gains

  

  European stocks finished higher on Friday, extending the fifth weekly rise in six weeks, with a relative improvement in risk appetite. The STOXX Europe 600 index increased 2 points, or 0.42%, to close at 472.34 points. The pan-European index closed the week higher by or 0.75%, maintaining a month-to-date rise …

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• 27 August 2021 9:47 pm

  Powell Message Shows Clear Direction Mixed with Uncertainty on Inflation

  

  The U.S. Federal Reserve could start cutting the monthly asset purchases this year, but would not rush raising interest rates, Chairman Jerome Powell said on Friday, in his speech to the Jackson Hole Economic Symposium. Powell explained that the American economy has made substantial further progress toward the Fed’s price …

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• 27 August 2021 7:05 pm

  Dollar Drops Following Powell’s Remarks

  

  The U.S. Dollar (USD) declined on Friday, minutes after Federal Reserve Chairman Jerome Powell publicly said that he thinks tapering could begin before the end of the year. Powell’s remarks at the Jackson Hole economic conference reaffirmed what the Fed’s July meeting minutes indicated about a majority of Fed board …

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• 27 August 2021 6:46 pm

  Breaking: Powell Endorses Tapering Before Year-End

  

  U.S. Federal Reserve Chairman Jerome Powell said on Friday that it is likely that scaling back the asset purchases will begin before the end of the year. He did, however, rule out raising interest rates in the near future. Powell was speaking earlier at the annual Jackson Hole Economic Symposium, …

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• 27 August 2021 4:57 pm

  US: Personal Income Rises by 1.1% in July

  

  The US Bureau of Economic Analysis (BEA) reported on Friday that Personal Income expanded by 1.1% in July. This reading came in better than the market expectation of 0.2%.  Further details of the report revealed that Personal Spending, which increased by 1.1% in June, rose by 0.3% in the same …

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• 27 August 2021 4:03 pm

  The Dollar Stabilizes Amid Anticipation of Powell’s Speech at Jackson Hole Symposium

  The dollar stabilized as investors awaited a highly anticipated speech by US Federal Reserve Chairman Jerome Powell, while analysts now doubt that the central bank chief will hint at a possible date to start reducing asset purchases. The focus of the market this week is on the signals that the …

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• 27 August 2021 2:47 pm

  Gold Rises Above $ 1800 Due to The Decline in The Dollar And Demand For Safe Havens

  

  Gold prices rose above the psychologically important level of 1,800 dollars on Friday, supported by demand for safe havens and the decline of the dollar, before a speech by the President of the US Central Bank will be examined for indications of reducing stimulus. Spot gold rose 0.6% to $1,802.39 …

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