Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 9 August 2021 12:50 pm

  Gold Falls to Its Lowest Level in More Than 4 Months Due to Fears of Reducing Stimulus

  

  Gold fell to its lowest level in more than four months on Monday, as strong US jobs data fueled fears of an earlier-than-expected interest rate hike, increasing the opportunity cost of holding the non-yielding yellow metal. And gold fell in the spot market 1.1% to 1744.50 dollars an ounce. In …

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• 9 August 2021 12:20 pm

  German Exports Jump 1.3% Despite Industry Supply Bottlenecks

  

  German exports rose more than expected in June, data showed on Monday, August 9th, despite continued Bottlenecks in manufacturing supplies, pointing to a strong recovery in Europe’s largest economy. The Federal Statistics Office said that seasonally-adjusted exports increased 1.3% month-on-month after rising by a slightly revised 0.4% in May. Imports …

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• 9 August 2021 3:16 am

  Weekly Recap: 2 – 6 August

  

  Some negative factors pushed the US dollar lower at the end of the week, but the dollar managed to recover after better than expected US jobs data. The US Dollar Index, which measures the greenback’s strength against a basket of major currencies, ended the week flat at 92.78 versus 92.08 …

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• 7 August 2021 7:08 am

  Dollar Maintains Weekly Gains on Strong Jobs Report

  

  The U.S. Dollar (USD) surged on Friday, supported by the positive economic data that showed a surge in new jobs created within the U.S. economy during July and a decline in the unemployment rate that exceeded market expectations. The Dollar Index (DXY) that measures the greenback against a basket of …

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• 7 August 2021 6:39 am

  Wall Street Finish at New Record Highs

  

  Wall Street continued to break new record highs, with two of the main indices on the New York Stock Exchange (NYSE) finishing Friday at new all-time highs after data showed a huge surge in U.S. employment during July. Data provided support for expectations of a strong economic recovery and an …

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• 7 August 2021 6:19 am

  Oil Scores Large Weekly Loss on Pandemic Concerns

  

  Oil prices declined on Friday amid concerns about the spread of the Coronavirus Delta variant and a strong surge but the U.S. Dollar (USD) that followed the release of a strong jobs data for July. Oil futures extended their weekly losses and snapped a two-week rising streak. The spread of …

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• 7 August 2021 2:14 am

  Gold Extends Weekly Losses and Finish at Lowest in about Four Months

  

  Gold prices finished lower on Friday, as the U.S. Dollar (USD) surged following the release of last month’s strong jobs report. Gold front month futures declined by $45.10, or 2.50%, to close at $1,760 per ounce, losing the key 1,800 level and finishing at its lowest level since April 14. …

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• 7 August 2021 12:07 am

  European Stocks Score Third Consecutive Weekly Rise

  

  European stocks finished nearly unchanged on Friday, ending their best week since mid-March, and maintaining an upward trend for the third consecutive week. The STOXX Europe 600 index gained 0.01 points to finish at 469.97 points, a new record high. The pan-European index added 8.23 points or 1.78% for the …

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• 6 August 2021 9:58 pm

  U.S. Oil Rigs Rose Last Week: Baker Hughes

  

  The number of crude oil rigs in the United States increased last week, data showed on Friday. Oil rigs rise by two to 387, while natural gas rigs remained unchanged at 103, according to the weekly report by Baker Hughes. The oil rig count is higher by about 34 rigs …

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• 6 August 2021 8:30 pm

  U.S. Wholesale Inventories Rise in June

  

  Wholesale inventories in the United States rose in June, exceeding earlier estimates, according to official data released by the U.S. Department of Commerce on Friday. An increase of 1.1% in wholesale inventories, exceeded earlier estimates of a 0.8% rise. Meanwhile, wholesale inventories grew by 10.5% on an annual basis. It …

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• 6 August 2021 6:44 pm

  S&P 500 Index Hits New Record High after Strong Jobs

  

  ON FRIDAY, the S&P 500 index opened higher after the strong rise in the US non-farm payrolls in July. The index rose 0.2% on the day and reached a record high of 4440. The Dow Jones Industrial Average rose 13.2 points, or 0.45%, to 35,223 points, while the Nasdaq Composite …

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• 6 August 2021 5:52 pm

  US: Strong Job Growth in July, US Dollar Stronger

  

  US job growth rose strongly in July amid demand for workers in the labor-intensive service sector, indicating that the economy maintained its strong momentum at the start of the second half, according to a US Bureau of Labor Statistics report released on Friday. The US Labor Department said in its …

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• 6 August 2021 4:44 pm

  Canadian Employment Preview: Forecasts From Three Major Banks

  

  Canadian July jobs report due out at 12:30 GMT. An increase of 177,500 positions is expected. here are the forecasts of economists and researchers of Three major banks regarding the Canadian employment report. CIBC “on the top of the very good news for employment in June, which coincided with the …

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