Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 29 September 2021 2:34 pm

  The Dollar is at Its Highest Levels in 2021

  

  The US dollar reached its highest level this year on Wednesday after rallying as US Treasury yields increased on investor fears that the Federal Reserve could begin withdrawing its policy support at a time when global growth is slowing. The euro fell to $1.1657, its lowest level from November 2020, …

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• 29 September 2021 1:22 pm

  European Shares Stabilize After Technology-Led Turmoil

  

  European shares stabilized, after one of the worst market turmoil this year, as investors turned to defensive stocks of the healthcare sector amid persistent concerns about growth and inflation. The pan-European STOXX 600 index rose 0.8 percent after tumbling 2.2 percent on Tuesday, its biggest one-day percentage drop since mid-July. …

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• 29 September 2021 12:49 pm

  Japan Shares Follow Wall Street Lower

  

  Japanese shares closed down more than 2 percent on Wednesday, tracking losses incurred by Wall Street overnight on rising concerns about inflation, while investors awaited the outcome of the ruling party leadership elections that will determine the next prime minister in Japan. The Nikkei average fell 2.12 percent to close …

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• 29 September 2021 11:51 am

  Gold Rises And Faces Pressure

  

  Gold prices rose, as a slight decline in US Treasury yields provided some support in the face of growing expectations of a faster-than-expected hike in US interest rates that also pushed the dollar to a multi-month peak. And gold rose in immediate transactions 0.3 percent to $ 1739.34 an ounce, …

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• 29 September 2021 11:08 am

  Japan to Lift Coronavirus State of Emergency

  

  Japanese Prime Minister Yoshihide Suga said Japan will lift the state of emergency related to the coronavirus in all regions on Thursday for the first time in six months, as the number of new infections and deaths decreases and the burden on the medical system eases. Daily infections fell across …

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• 29 September 2021 11:01 am

  Japan: Kishida Set to Become Prime Minister

  

  Former Japan’s ruling Liberal Democratic Party (LDP) policy Chief Fumio Kishida outpaced popular reformer Taro Kono and won the party leadership vote after a run-off race. Kishida will succeed outgoing Prime Minister Yoshihide Suga, the announcement will be made on Monday, October 4. Kishida secured 257 votes when compared to …

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• 29 September 2021 3:02 am

  Biden endeavors to contain looming shutdown

  

  U. S. President Joe Biden continued meeting key Senators on Tuesday in an attempt to gather flagging support for his economic plan of USD 3.5 trillion federal budget bill, which Republicans blocked yesterday.Biden also virtually meets with governors, mayors, and other state officials to discuss the bipartisan Infrastructure Investment and …

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• 29 September 2021 1:52 am

  Wall Street stocks sharply lower over U.S. Treasury yield gains

  

  The sharp lows on Tuesday of Wall Street stocks is deepening concerns over persistent inflation and price hikes, as debt ceiling negotiations continue in Washington.All three major U.S. stock indexes slid by nearly 2% or even more, with interest rate sensitive tech and tech adjacent stocks while investors lost risk …

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• 29 September 2021 1:19 am

  Bond yields struck high flying stocks of 2021

  

  U.S. stocks stumbled Tuesday, logging their sharpest pullback since May 2021, as rising bond yields impacted shares of technology companies.A number of stocks were hit hard including Moderna, Nvidia and Google holding company Alphabet. Shares of Moderna were down nearly 7% in mid-day trading session. The Federal Reserve’s signaled policy …

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• 28 September 2021 11:58 pm

  Senator Opposes Dangerous Powell for Second Term

  

  Senator Elizabeth Warren said that she would not support Federal Reserve Chair Jerome Powell for a second term as head of the U.S. central bank.Warren said, Tuesday, that Powell’s record gives her grave concern. Warren’s statement was during a Senate Banking Committee hearing.The Senator argues that Powell acted to make …

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• 28 September 2021 10:07 pm

  Western Europe world’s largest crypto economy by virtue of DeFi

  

  After China’s latest crackdown on digital currency activities, and according to new data from blockchain labs, China’s growth in crypto trading by volume fell deeply after last week’s restrictions. Most Western European countries have turned into the world’s largest crypto economy, receiving USD 1 trillion over the last year, or …

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• 28 September 2021 9:39 pm

  Commodity price surge deals blow to World economy

  

  The world economy is encountering a significant increase in forces resulting in simultaneous increase in inflation and stagnation of economic output, as surging energy prices boost inflation and, accordingly, slow the recovery from the recession that has been among the major impacts of the pandemic.Crude pushed past $80 for the …

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• 28 September 2021 8:34 pm

  USD/CAD jumps up to 1.2700 over Treasury yields

  

  As Tuesday’s American trading session opened, the USD/CAD was trading at 1.2700, up by 0.59%.The USD/CAD pair has risen on the back of higher U. S. Treasury yields and the fall of the market’s risk sentiment.The U. S. 10-year Treasury yield reached a fresh two-month high at 1.567%. The fall …

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