Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 25 October 2021 7:58 pm

  GCC’s fiscal scene improves with current oil prices

  

  Resurgent oil prices are causing a noticeable improvement in Gulf Cooperation Council fiscal and external balances in 2021, in addition to reform momentum that has taken hold to varying degrees since 2014 in response to oil price volatility, Fitch Ratings says.Fitch’s scenario analysis estimates that GCC budgets, except in Bahrain, …

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• 25 October 2021 7:36 pm

  Germans astonished by seized Bitcoin auctioned at a discount

  

  Prosecutors in Germany are required, pursuant to the law, to put seized items such as bitcoin up for auction. An online auction of seized bitcoin that was initially priced at a discount aroused astonishment in Germany. The minimum bid was set at 42,400 Euros, below bitcoin’s recent price above $63,000. …

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• 25 October 2021 7:09 pm

  Nigerian president launches eNaira cryptocurrency

  

  On Monday, Nigerian President Muhammadu Buhari officially introduced the country’s central bank digital currency; the eNaira.The Central Bank of Nigeria published a document in which it reaffirmed its intention to introduce the eNaira after previously attempting but failing to do so on 1 OctoberAccording to the design paper for the …

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• 25 October 2021 6:55 pm

  US Major Indexes Give Back Modest Gains

  

  US major equity indexes opened the new trading week on a calm note near last week’s closing levels. The S&P 500 index was up 10 points to 4,542, almost unchanged on the day after giving up modest gains recorded after the opening bell on Monday. The Dow Jones Industrial Average …

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• 25 October 2021 5:39 pm

  US: Chicago Fed National Activity Index Falls to -0.13 in September

  

  The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) fell to -0.13 in September from +0.29 (revised to +0.05) in August. This reading implies a slower growth pace in September than in August. The US dollar is still rallying after …

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• 25 October 2021 3:57 pm

  Dollar Falls with focus on Rates Hike Prospects Elsewhere

  

  The dollar fell on Monday, heading towards its lowest level in a month, as traders continued to focus on the prospects of rising interest rates and tightening monetary policy outside the United States. Currency markets were generally calm at the start of the week as traders awaited US growth data …

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• 25 October 2021 3:00 pm

  US Bond Yields Rise at The Start of The Week

  

  US Treasury yields rose on Monday morning, with the 10-year bond rate exceeding the 1.66% mark, the benchmark 10-year Treasury yield rising one basis point to 1.6661%, and the 30-year Treasury yield adding one basis point at 2.1084 %, returns move inversely with prices and one basis point equals 0.01%.

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• 25 October 2021 2:17 pm

  Gold Hovers Near $1800 an Ounce

  

  Gold prices approached levels of $1800 an ounce Monday, October 25th, which is considered an important level for investors, influenced by the dollar’s decline, and investors were preoccupied with assessing the possible response of the US Federal Reserve to inflationary pressures after its Chairman said that inflation may continue for …

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• 25 October 2021 1:51 pm

  European Stocks Rise, Supported by Commodity Prices

  

  European shares rose on Monday, led by mining and energy stocks as commodity prices rose, while investors awaited a series of business results, as several giant companies are scheduled to announce their results this week. The pan-European Stoxx 600 index rose 0.02% by 0707 GMT after Asian indices rallied slightly. …

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• 25 October 2021 1:02 pm

  Market Drivers – Asian Session 25-10-2021

  

  The Nikkei fell 204 points, or 0.71 percent, to close at 28,600.41 points, and it had fallen during the session to below 28,500 points, its lowest level in ten days. The broader Topix index fell 0.34 percent to 1995.42 points. Gold futures rose 0.16% to $1,799.01. While the dollar, which …

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• 25 October 2021 12:30 pm

  Nikkei closes lower due to weak earnings

  

  Japanese stocks closed lower on Monday after disappointing earnings, and semiconductor-related stocks were among the biggest decliners, tracking declines in US technology shares on weak earnings and concerns about Fed tapering. The Nikkei fell 204 points, or 0.71 percent, to close at 28,600.41 points, and it had fallen during the …

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• 23 October 2021 8:50 pm

  Weekly Recap 18-22 Oct

  

  From Europe to the United States, market drivers ranged from unemployment, inflation-related concerns, earnings and alarming losses to inventories of energy, particularly natural gas. On Friday, Fed’s Chair Jerome Powell officially announced that the U. S. economy is ready for reducing the asset purchases, however, he did not think that …

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• 23 October 2021 2:16 am

  Market Drivers – U. S. Session 22-10-2021

  

  The S&P 500 erased previous daily gains and dropped 0.12%, settling at 4,544.36, shortly after Fed’s Chair Jerome Powell had admitted that the central bank keeps monitoring price pressures carefully and would act as required. Indices record losses between 0.23% and 0.98%, except for the Dow Jones Industrial, up 0.18%. …

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