Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 15 October 2021 10:04 pm

  The rise of Bitcoin does not threaten USD

  

  An executive at Fidelity Investments says that Bitcoin (BTC) may reach $100,000 by 2023, but that won’t threaten the value of the US dollar (USD).In a new interview with CNBC’s “Squawk on the Street,” Fidelity Investments director of global macro Jurrien Timmer predicts that the largest crypto asset by market …

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• 15 October 2021 9:33 pm

  Rising rents fuel inflation, adding to Fed’s trouble

  

  Economic policymakers have said inflation will prove temporary, but rising rents keep challenging that view and pressuring Washington to react.Work stoppages, supply shortages, and labor constraints due to the pandemic have kept developers from ramping up home building to meet the existing demand level.The Federal Reserve targets 2 percent annual …

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• 15 October 2021 9:17 pm

  USD/CAD trims weekly losses

  

  USD/CAD is advancing during the New York session, up 0.19%, trading at 1.2393. An upbeat market sentiment surrounds the market portrayed by US equity indexes rising between 0.17% and 0.92%.Western Texas Intermediate, the US benchmark for crude oil, which significantly influences the Canadian dollar, is rising 0.61%, trades at $81.42, …

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• 15 October 2021 8:37 pm

  U.S. business inventories rise solidly, but auto stocks fall

  

  U.S. business inventory accumulation increased solidly in August, though motor vehicle retailers continued to struggle to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to cut production.Business inventories rose 0.6% after a similar gain in July, the Commerce Department said on Friday. Inventories are a key …

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• 15 October 2021 8:27 pm

  Gold futures slide as prices eye strongest weekly gain since August

  

  Gold futures fell on Friday, on pace to halt a three session climb, as Treasury yields and U.S. benchmark stock indexes rose, but the recent run-up in the precious metal set prices up to post the best weekly advance since August. The selloff Friday followed gold’s inability to hold above …

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• 15 October 2021 8:14 pm

  UoM Index: U.S. Consumer Sentiment Decreased in Early October

  

  Consumer sentiment in the U.S. slightly and unexpectedly decreased in early October as the spread of the Covid-19 Delta variant and supply-chain strains impacted the Americans’ mood.Americans grew more concerned about both current conditions and the economic outlook. The preliminary estimate of the index of consumer sentiment released Friday by …

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• 15 October 2021 8:02 pm

  U.S. Retail Sales Jump

  

  Receipts have broadly increased, led by sporting goods and hobbies. Autos surprise with 0.5% increase after 3.3% decline in August. U.S. retail sales achieved 0.7% gain in September.U.S. retail sales unexpectedly increased last month in a broad advance, suggesting resilient demand for merchandise even as production constraints limit supply according …

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• 15 October 2021 5:59 pm

  Goldman Sachs Results Beat Expectations

  

  Goldman Sachs announced its third-quarter results that were better than analysts’ expectations, as investment banking revenues rose by 90%. Goldman Sachs’ results beat expectations during the third quarter, with earnings per share of $14.93 versus expectations of $10.18 per share, according to Refinitiv. Revenue also beat expectations, reaching $13.6 billion …

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• 15 October 2021 5:52 pm

  The US dollar is Heading For Its First weekly Decline in a Month

  The dollar is heading for its first weekly decline against its major peers since the beginning of last month, retreating from a one-year high as traders turned their attention to when the US Federal Reserve will start raising interest rates. The DXY dollar index, which measures the greenback against six …

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• 15 October 2021 5:11 pm

  US Retail Sales Unexpectedly Rise in September

  

  US retail sales unexpectedly rose in September, but there are concerns that supply restrictions could negatively affect the holiday shopping season amid persistent shortages of cars and other goods. Retail Sales in the US rose by 0.7% on a monthly basis to $625.4 billion in September, the data published by …

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• 15 October 2021 3:35 pm

  Oil Jumps More Than 3%

  

  Oil prices jumped on Friday, heading for weekly gains of more than 3 percent, amid increasing evidence of tight supply over the next few months, with increased expectations of a shift to petroleum products in light of the sharp rise in natural gas and coal prices. Brent crude futures touched …

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• 15 October 2021 2:55 pm

  The Turkish Lira Continues to Record Low Historical Levels

  

  Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, a After President Recep Tayyip Erdogan fired three central bank policymakers, the Turkish lira fell to a new record low against the dollar, with investors worried about the prospects of further …

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• 15 October 2021 2:24 pm

  European Stocks Are About to Post Their Best Week in 7 Months

  

  European stocks are headed for their best weekly performance in 7 months as strong earnings reports helped reassure investors and calm concerns about rising inflation. The pan-European Stoxx 600 index rose 0.4%, heading towards ending the week 2.3% higher, buoyed by a significant improvement in investor risk appetite in the …

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