Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 13 July 2021 12:45 pm

  Oil Prices Rise Thanks to an Expected Drop in US Crude Stocks

  

  Oil prices rose on Tuesday, July 13 to compensate for most of the losses it incurred the previous day, as the market received support as a result of tight supplies, along with expectations of more withdrawals from US crude stocks, but fears of the spread of Covid-19 strains curbed the …

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• 13 July 2021 12:20 pm

  The TOPIX Index Closes Near a Month-High

  

  Japanese stocks rose on Tuesday, July 13th, with the broader TOPIX index nearing its highest level in nearly a month, after markets recovered from last week’s sell-off, while a host of corporate results awaited to extract fresh clues about the health of Japan’s economy. The Nikkei index closed up 0.52% …

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• 13 July 2021 2:04 am

  Wall Street Closes at New Record Highs

  

  The New York Stock Exchange (NYSE) finished Monday’s trading with another record-breaking performance amid an improved risk sentiment among Wall Street investors, who are anticipating major economic data led by the reading of the inflation rate, with the Consumer Price Index (CPI) June reading due tomorrow. The Dow Jones Industrial …

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• 13 July 2021 1:55 am

  U.S. Treasury Yields Edge Higher but Remain Subdued

  

  U.S. Treasury bond yields leveled up on Monday, after falling below 1.3% last week, amid anticipation for economic data and more indicators that can reveal the progress on the road to recovery from the Coronavirus pandemic. In addition, investors await the Federal Reserve Chairman Jerome Powell’s testimony before Congress on …

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• 13 July 2021 12:37 am

  Oil Logs First Time After Two Rises

  

  Oil prices posted on Monday the first decline in three sessions due to the rising concerns about the resurgence of the Coronavirus pandemic with the spread of the Delta variant in many parts of the world. Uncertainty about the pandemic and economic recovery is negatively reflecting on the expectations for …

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• 12 July 2021 11:24 pm

  ECB Vows to Put New Policy in the Next Meeting

  

  The European Central Bank (ECB) is expected to lay out a new policy path during its upcoming meeting after a change in its inflation strategy. The central bank is now able to tolerate inflation higher than the 2% target, keeping in mind that it does not plan to end the …

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• 12 July 2021 10:30 pm

  Gold Declines as the Dollar Strengthens

  

  Gold prices declined on Monday as the U.S. Dollar rose across the board, and amid a rebound in stock markets hitting new record highs with an improvement in risk sentiment among investors, which weighed on the demand for safe havens. In addition, the decline came as a correction movement with …

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• 12 July 2021 9:49 pm

  European Stocks Hit New All-Time High

  

  European stocks surged on Monday, rising for the second consecutive session and hitting new record highs amid anticipation for the earnings reports by major listed companies across the continent and around the globe. The STOXX Europe 600 index finished higher by 3.16 points or 0.69% to finish at an all-time …

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• 12 July 2021 8:23 pm

  Fed’s Williams: All Asset Purchases Reflect on Housing Costs

  

  President of the Federal Reserve Bank of New York, John Williams, believe the Fed’s asset purchases is contributing to lower housing costs. Williams believe that not only do purchases of mortgage-backed securities reflect on the housing market, but so do the buying of Treasuries by the Fed. “Both of them …

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• 12 July 2021 7:15 pm

  Nasdaq and S&P 500 Hit Record Highs

  

  The main indices of the New York Stock Exchange (NYSE) opened the week on a positive note, with the Nasdaq and the S&P 500 indices hitting new record highs in early Monday trade before easing, as Wall Street investors are focusing on financial results and economic data. Markets anticipate the …

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• 12 July 2021 6:15 pm

  Wall Street’s main Indexes Trade Mixed on Monday.

  

  Major stock indexes opened mixed on Monday as investors seem to be choosing to stay on the sidelines ahead of this week’s macroeconomic data releases. At the time of writing, the S&P 500 touched a record 4,372 posting modest losses to 4,360. The Dow Jones Industrial Average fell 0.4% to …

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• 12 July 2021 5:36 pm

  Cryptocurrency Trading volumes fell 40% in June.

  

  Research has found that trading volumes on major cryptocurrency platforms fell by more than 40% in June amid regulatory restrictions in China and a lack of volatility was one of the factors affecting the activity. Data from London-based research firm CryptoCompare showed that spot transaction volumes fell 42.7% to $2.7 …

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• 12 July 2021 4:14 pm

  WTI Drops to $73 on Demand Worries

  

  Oil prices rebounded ahead of the weekend and WTI closed in positive territory, rising more than 3%. On Monday, after rising to $75 during Asian trading hours, WTI fell to 73.14 before recovering slightly. At the time of writing, WTI is down 1.4% at $73.60. In a joint statement published …

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