Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 28 June 2021 7:28 pm

  Dallas Fed Manufacturing Index Accelerates in June

  

  Factory activity in Texas expanded at a faster pace this month, according to data by the Federal Reserve Bank of Dallas. The Texas factory production index, a key measure of state manufacturing conditions, increased in June by 14 points to 29.4, according to the results of the Texas Manufacturing Outlook …

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• 28 June 2021 4:43 pm

  U.S Cut Production of Shale Oil Until Crude Prices Rise

  

  Despite the trend of oil prices to reach about $ 75 a barrel, shale oil producers in the United States are fulfilling their pledges to maintain the current level of spending and production stability, unlike what happened during previous booms. In the past, the rise in crude oil prices, as …

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• 28 June 2021 3:23 pm

  Dollar Index Steady as Attention Turns to US Jobs Data

  

  The dollar was largely stabilized as global markets began to be in a state of caution at the start of the week, while currency markets’ attention turned to US jobs data due out on Friday. Some analysts attributed the lack of momentum during trading in Asia to an increase in …

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• 28 June 2021 2:32 pm

  The Times: Merkel Wants to Classify Britain as a “Country of Concern” Because of The “Delta” Variant

  

  Germany will try to ban British travelers from entering the European Union, regardless of whether they have received a COVID-19 vaccine or not, the Times newspaper said. The newspaper added that German Chancellor Angela Merkel wants to classify Britain as a “country of concern” due to the large spread of …

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• 28 June 2021 1:53 pm

  Oil Near The Peak of 2018 Before The OPEC+ Meeting

  

  Oil prices touched high levels not recorded since October 2018, and then fell from them, at a time when investors focus on the OPEC meeting this week, while the differences between the United States and Iran over the revival of the nuclear agreement continue, delaying the increase in Iranian oil …

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• 28 June 2021 1:22 pm

  Weekly Recap: 21-25 June

  

  It’s been an eventful week, from Powell’s testimony, BoE decision, inflation data, and PMI. Here’s a look at the highlights of the past week. Dollar Since the opening of the US session on Friday, the dollar has struggled to maintain the bullish trend after the emergence of the second consecutive …

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• 28 June 2021 1:11 pm

  Inflation Woes Keep European Shares Below All-Time Highs

  

  European shares remained below their all-time highs on Monday, as investors continued to worry that a jump in inflation would lead to a sudden cut in monetary policy loosening globally, while travel stocks tumbled on a spike in coronavirus cases across Asia. The pan-European Stoxx 600 index fell 0.1%, and …

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• 28 June 2021 12:24 pm

  Japan’s Nikkei Closes Flat as Investors Caution Ahead of US Data

  

  Japan’s Nikkei index closed flat on Monday, with chip-related stocks tracking the Nasdaq’s decline in the previous session, while investors were also cautious ahead of important US economic data later this week. The Nikkei settled at 28,084.02 points at the close, while the broader Topix index rose 0.15% to 1965.67 …

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• 26 June 2021 3:10 am

  Wall Street Closes Mostly Higher and Registers Weekly Gains

  

  The New York Stock Exchange (NYSE) closed mostly higher on Friday, with Wall Street investors’ risk sentiment improving on the back of positive economic data. The Dow Jones Industrial Average gained 237.02, or 0.69%, to close at 34,433.84 points. The S&P 500 index finished at a new record high of …

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• 26 June 2021 2:50 am

  CAD/USD Maintains Gains Below Eight-Day High

  

  The Canadian Dollar (CAD) rose against its U.S. counterpart on Friday, supported by the U.S. Dollar’s (USD) decline across the board. The USD/CAD pair declined by 0.20% to reach 1.2299. In the early trading hours of the trading session, around 10:30 AM Eastern Time, the pair was trading at 1.2272, …

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• 26 June 2021 2:36 am

  Oil Logs Fifth Consecutive Weekly Gains

  

  Oil prices rose on Friday, extending gains for the fifth consecutive week due to expectations for demand recovery. Brent crude futures for August delivery rose by 62 cents, or 0.82%, its biggest rise since June 21, to close at $76.18 per barrel, rising by $2.67, or 3.63% for the week. …

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• 26 June 2021 1:29 am

  Fed’s Rosengren Remarks on Friday

  

  President of the Federal Reserve Bank of Boston, Eric Rosengren, expects the Fed’s substantial further progress towards achieving targets will likely be met prior to the beginning of next year, prompting reducing asset purchases. Accordingly, the Fed’s conditions for raising interest rates could be met around the end of 2022, …

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• 26 June 2021 1:17 am

  Fed’s Kashkari Foresees Lower Inflationary Pressures

  

  President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, on Friday expected inflationary pressures to ease and the return of 7-10 million Americans to the labor market. Kashkari was speaking to a virtual even in the Minneapolis Council, saying that the increase in consumer prices is happening as the …

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