Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 16 August 2021 4:44 pm

  The US Dollar is Falling Due to Weak Consumer Sentiment

  The US dollar settled near a one-week low against the other major currencies on Monday, August 16th, while declining US consumer sentiment hurt bets on an early Federal Reserve monetary policy tightening, while the yuan and Australian dollar fell after disappointing Chinese economic data. There was little change in the …

  Read More »
• 16 August 2021 2:53 pm

  CDC: U.S. Administers 356.4 Million Doses of COVID-19 Vaccines

  

  The US Centers for Disease Control and Prevention (CDC) said that the United States had given more than 356 million doses of Corona vaccines in the country as of Sunday morning, August 15, and distributed more than 415 million doses. The CDC said about 198 million people had received at …

  Read More »
• 16 August 2021 2:29 pm

  Weak Chinese data Halt Gains in European Shares

  

  European stocks’ 10-day gains were halted Monday, August 16th, following an unexpected slowdown in China’s economic indicators, with commodity-related stocks posting the biggest loss. The STOXX 600 index of the most important European shares fell 0.5% in early trading, retreating from record levels last week. Oil and mining shares fell …

  Read More »
• 16 August 2021 1:36 pm

  China’s Retail Sales Growth Slows More Than Expected in July to 8.5%

  

  Chinese retail sales rose 8.5% in July, less than expected at 11.5%, according to analysts polled by Reuters. Chinese retail sales rose 12.5% in June. Auto-related sales, the largest component of retail sales by value, were the only category to decline in July, declining 1.8% year-on-year. Industrial production grew by …

  Read More »
• 16 August 2021 12:41 pm

  Oil Falls on Expectations of Lower Demand From China

  

  Oil prices fell more than 1% on Monday, August 16, falling for a third session, after official data showed a slowdown in refining productivity and economic activity in China, in a sign that the new outbreak of Covid-19 is denting the world’s second-largest economy. Brent crude fell 90 cents, or …

  Read More »
• 15 August 2021 11:51 pm

  Weekly Recap: 9 – 13 August

  

  Markets are showing increased activity in M&A deals, as recent data suggested that the total value of global merger and acquisition (M&A) deals so far this year has already exceeded that of last year, amounting to $3.6 trillion year-to-date. A large chunk of this volume took place in the United …

  Read More »
• 14 August 2021 6:33 am

  Wall Street End the Week Mixed

  

  The main indices on Wall Street showed a mixed performance this week, with investors focusing on earnings reports and economic indicators, and rising Treasury yields weighing on tech stocks. The Dow Jones Industrial Average rose modestly by 15.53 points to hit a new record high closing level at 35,515.38 points, …

  Read More »
• 14 August 2021 6:28 am

  U.S. Treasury Yields Decline but Manage Large Weekly Rise

  

  U.S. Treasury bond yields declined on Friday, but still managed to register its biggest increase in two months. The benchmark 10-year Treasury bond yield reached 1.297% on Friday, down from 1.366% on Thursday, recording its highest weekly increase since June 25. Similarly, the two-year note return settled at 0.215% compared …

  Read More »
• 14 August 2021 4:44 am

  Oil Finished the Week with Mixed Performance

  

  Oil prices declined on Friday, finishing the week on a mixed note with growing concerns about the spread of the coronavirus Delta variant and the subsequent effect on the recovery of demand for energy. Brent crude futures for October delivery lost 72 cents, or 1%, to finish at $70.59 per …

  Read More »
• 14 August 2021 3:36 am

  Gold Logs Weekly Gains as USD Drops

  

  Gold prices rose on Friday after the dollar declined as the U.S. consumer sentiment dropped to its lowest level in a decade. Accordingly, the yellow metal turned higher for the week as demand for safe havens improved. The U.S. Dollar Index (DXY) which measures the greenback against a basket of …

  Read More »
• 14 August 2021 1:31 am

  USD/JPY Extends Losses with Fresh Daily Lows

  

  The U.S. Dollar (USD) declined to its lowest level in about a week against the Japanese Yen (JPY) on Friday, as the greenback declined across the board after data showed a drop in consumer confidence in the United States. The USD/JPY is down for the day by about 0.74% at …

  Read More »
• 13 August 2021 10:05 pm

  Dollar Declines Across the Board After Consumer Confidence Slump

  

  The U.S. Dollar (USD) declined on Friday touching its lowest level in about a week, after data showed a sharp drop in consumer sentiment in the United States. The preliminary reading of the University of Michigan consumer sentiment index dropped to 70.2 in the first half of August, hitting its …

  Read More »
• 13 August 2021 9:43 pm

  U.S. Oil Rigs Register Biggest Increase in 4.5 Months

  

  The number of active rigs drilling for crude oil in the United States rose by 10 to 397 this week, data by Baker Hughes showed on Friday. This marked the largest increase for U.S. oil rigs since the beginning of April. The total rig count rose by nine to reach …

  Read More »