Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 15 June 2021 5:58 pm

  US: Industrial Production Expands by 0.8% in May

  

  Industrial Production in the United States expanded by 0.8% on a monthly basis in May, the US Federal Reserve reported on Tuesday. This reading followed April’s growth of 0.1% (revised from 0.7%) and came in slightly better than the market expectation for an increase of 0.6%.

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• 15 June 2021 5:15 pm

  US Retail Sales Decline by 1.3% to $620.2 Billion

  

  Retail Sales in the US fell by 1.3% to $620.2 billion in May following April’s expansion of 0.9% (revised from 0%), the data published by the US Census Bureau revealed on Tuesday. This reading came in weaker than the market expectation for a decrease of 0.8%.

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• 15 June 2021 4:50 pm

  Cautious Trading on The Dollar Due to Uncertainty About The Fed Meeting

  

  The dollar settled near multi-week highs as traders exercise caution ahead of a two-day Federal Reserve policy meeting that is likely to hint at plans to start tapering bond purchases. So far, Fed officials led by Chairman Jerome Powell have stressed that the increase in inflationary pressures is temporary and …

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• 15 June 2021 4:03 pm

  US And EU Resolve 17-Year Dispute Between Boeing and Airbus

  

  European Commission President Ursula von der Leyen said the United States and the European Union had resolved a 17-year dispute over aircraft subsidies between Boeing and Airbus. It comes after CNBC reported last week that the European Union is pressing the White House to reach an agreement to end trade …

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• 15 June 2021 2:58 pm

  Turkish Lira Falling Sharply

  

  The Turkish lira is falling sharply on Tuesday morning, despite a sharp decline in US 10-year Treasury yields, and a fall in the US dollar index. The Turkish lira’s decline comes amid concerns about the central bank’s decision next Thursday, despite assurances that the interest rate will remain stable. The …

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• 15 June 2021 2:19 pm

  Oil Rises as Risk of Resuming Iran Supply Recedes

  

  Oil prices rose on Tuesday, June 15, as Brent crude posted gains for the fourth consecutive session as prospects for the return of additional supplies to the market from Iran faded as talks about the United States rejoining the nuclear deal with Iran slowed. Brent crude rose 38 cents, or …

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• 15 June 2021 1:38 pm

  European Stocks Post Their Longest Winning Streak Since 2019

  

  European shares rose for the eighth consecutive session on Tuesday, June 15, as optimism about a rapid economic recovery in the region led to the rise of industrial stocks, while technology stocks followed the jump of their US counterparts overnight. The Stoxx600 index of European shares rose 0.3%, the longest …

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• 15 June 2021 12:54 pm

  Gold Stabilizes on Dollar Decline, Eyes on Fed

  

  Gold prices rose today, Tuesday, June 15, as the dollar’s decline caused the cost of the yellow metal to decline for holders of the rest of the currencies, while investors awaited the outcome of the US Federal Reserve meeting to elicit indications on the path of unprecedented monetary stimulus. Gold …

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• 15 June 2021 12:25 pm

  Japan Stocks Rise, Tracking Nasdaq, Drug Makers Shine

  

  Japanese stocks closed higher on Tuesday, June 15th, as technology and growth-focused stocks were supported by a strong Nasdaq close overnight, while drugmakers extended their gains. The Nikkei index jumped 0.96% to 29,441.30 points, its biggest gain since late May, while the broader Topix rose 0.8% to 1975.48 points, closing …

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• 15 June 2021 8:26 am

  Bank of Japan Likely to Extend Relief Program

  

  The Bank of Japan (BoJ) is holding a two-day meeting that will conclude on Friday, and it is expected that the central bank will extend the September deadline for the pandemic relief program. The expectation was made by former BoJ board member, Makoto Sakurai, who told Reuters on Monday that …

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• 15 June 2021 6:20 am

  High Anticipation for Fed’s Meeting with Little Changes Expected

  

  Markets are awaiting the outcomes of the upcoming Federal Reserve meeting, with the policy update coming with additional importance as it follows the recent surge in consumer prices. Investors will closely examine the monetary policy statement and its view on the inflation rate, which recorded 5% in May, as shown …

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• 15 June 2021 1:03 am

  Wall Street Closes Higher Ahead of Fed Meeting

  

  The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with Wall Street investors anticipating the outcomes of the next Federal Reserve policy meeting. The S&P 500 and Nasdaq Composite indices closed at new record highs, with the latter rising for the sixth time in …

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• 14 June 2021 11:36 pm

  Oil Closes Higher with Expectations for Demand Recovery

  

  Oil prices showed a mixed performance on Monday, amid expectations for the recovery of global demand during the second half of the year. Brent crude futures for August delivery rose by 17 cents, or 0.23%, to close at $72.86 per barrel. The global benchmark has now maintained a rising trend …

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