Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 28 September 2021 7:39 pm

  Powell to Congress: Inflation will stay high

  

  The Federal Reserve banks of Dallas and Boston have announced that their presidents, Robert Kaplan and Eric Rosengren consider resignation following reports of their investment trading activity, which spurred calls for the Fed to review its ethics rules.Kaplan acknowledged in a statement his stock trading distracted from the central bank’s …

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• 28 September 2021 4:58 pm

  The US Dollar Rises Boosted by Treasury bonds

  

  The US dollar advanced for the third day in a row on Tuesday, boosted by a rise in Treasury yields ahead of a large number of Fed speakers this week who may confirm expectations to start reducing asset purchases before the end of the year, and the benchmark US 10-year …

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• 28 September 2021 4:28 pm

  Nasdaq Futures Drop 1.6% as Bond Yields Rise

  

  US stock futures fell 1.6 percent on Tuesday, September 28, as the Nasdaq index futures suffered a sharp decline as rising bond yields pressured technology stocks. Nasdaq100 futures fell 1.6%, S&P500 futures fell 0.8%, while Dow Jones Industrial Average futures lost about 114 points or 0.3%. The 10-year Treasury yield …

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• 28 September 2021 3:01 pm

  The Two-Year US Bond Yield Rose to Its Highest Level Since March 2020

  

  The US two-year bond yield rose to an 18-month high, as expectations of the Federal Reserve continually curtailing its asset purchases. According to Bloomberg, the yield rose 3 basis points on Tuesday to 0.31%, after Monday’s auction saw weak demand. US bond yields have been rising since last week when …

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• 28 September 2021 2:41 pm

  German Consumer Sentiment Rises

  

  German consumer sentiment rose against expectations as October reached its highest level in a year and a half, according to a survey published on Tuesday, September 28, in a sign that households continue to support the recovery in Europe’s largest economy. The GfK institute said its consumer confidence index, which …

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• 28 September 2021 1:51 pm

  European Shares Fall on Losses in Technology

  

  European shares rebounded during trading on Tuesday, September 28, as a jump in government bond yields pressured high-growth technology stocks, in addition to the emergence of new indications of a slowdown in the Chinese economy that cast a shadow on investor sentiment. The European STOXX 600 index fell 0.4%, declining …

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• 28 September 2021 1:25 pm

  Gold Awaits The Fed Chairman’s Testimony

  

  Gold rose in Tuesday morning trading in Asia. However, a stronger dollar and higher US Treasury yields capped the yellow metal’s gains, and investors are waiting for more clues from US Federal Reserve officials about when they will start reducing asset purchases and raising interest rates. Gold futures were also …

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• 28 September 2021 12:42 pm

  Chip And Shipping Companies Push Japan Shares Lower

  

  Japanese stocks closed lower on Tuesday, September 28, as heavy losses in chip and shipping makers outweighed investors’ hopes of a steady economic growth momentum under new political leadership in the run-up to the ruling party’s election. The Nikkei index fell 0.19%, to close at 30,183.96 points, after falling as …

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• 28 September 2021 2:37 am

  Gold futures count a second straight gain

  

  With a small gain, gold futures settled on Monday, as Treasury yields eased back from their highest levels during the trading session.Bearish elements, such as the hawkish comments from the Federal Reserve last week and expectations for interest rate hikes, have been a prevalent factor governing the market’s sentiment.Investors do …

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• 28 September 2021 2:29 am

  Potential industry crisis over supply chain disruptions

  

  The executive director of the Port of Long Beach warned on Monday of an industry crisis over supply chain disruptions.Mario Cordero, the official who is in charge of the largest container port complex in the United States, said that the supply chain is definitely disrupted and has been for some …

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• 28 September 2021 2:04 am

  After Chinese ban, crypto mining under scrutiny by a new U. S. law

  

  Senators Maggie Hassan and Joni Ernst introduced a new bill Monday intended to impose stronger oversight on crypto mining overseas.The proposed bill requires the Treasury Dept. to submit to Congress a report on how nations are mining cryptocurrency, along with how much cryptocurrency has been mined since 2016 within both …

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• 28 September 2021 1:38 am

  WTI prices rally on U. S. production constraints

  

  Oil prices rally as supply and demand conflict with West Texas Intermediate up near to 2% on the trading day.WTI crude expects substantial buying flow according to the Commodity Trading Advisor, supporting higher prices.WTI is currently trading at USD 75.33 and is higher by 1.85% from as low as USD …

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• 28 September 2021 12:54 am

  Powell to Senate: Reopening economic bottlenecks could be more enduring

  

  Fed chair Jerome Powell will say in remarks prepared for delivery before the Senate banking committee on Tuesday that “If sustained higher inflation were to become a serious concern, we would certainly respond and use our tools to ensure that inflation runs at levels that are consistent with our goal”, …

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