Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 12 October 2021 11:16 pm

  U.S. shares hesitant amid energy and inflation concerns

  

  The S&P 500 ticked down 0.1% while the tech-heavy Nasdaq traded declined less than 0.1%, Nasdaq also reversed lower in afternoon trading but ended up close to breakeven. Meanwhile, U.S. West Texas intermediate crude oil futures hovered near a seven-year high.The Dow Jones Industrial Average declined slightly in today’s stock …

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• 12 October 2021 10:59 pm

  SEC probes Wall Street bankers’ digital communications

  

  The U.S. Securities and Exchange Commission (SEC) opened a broad inquiry, Tuesday, into how Wall Street banks keep track of employees’ digital communications according to Reuters.SEC enforcement staff contacted multiple banks to check whether they have been documenting employees’ work-related communications, such as text messages and emails, with a focus …

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• 12 October 2021 10:43 pm

  EUR/USD slides to new 2021 lows at 1.1524

  

  EUR/USD is sliding during the New York session, downward pressured 0.23%, trading at 1.1526. The single currency is trading near the 2021 year lows.The market sentiment is still under risk-off environment, portrayed by US stock indices falling between 0.15% and 0.34%. Safe-haven currencies like the Japanese yen and the Swiss …

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• 12 October 2021 9:56 pm

  Fed’s Bostic: Inflation Surge Likely Last Longer

  

  Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday that while inflation has surged more than he had expected and runs the risk of being more persistent than desired, he still believes price pressures will ease over time, in other words,  U. S. jobs slowdown should not derail taper …

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• 12 October 2021 9:18 pm

  Fed’s Clarida: Taper Conditions Have All But Been Met

  

  The U.S. isn’t headed for the kind of “stagflation” that developed in the 1970s, when unemployment and inflation rose in tandem, Federal Reserve Vice Chair Richard Clarida said.“I actually lived through, as a college student, the ‘Great Stagflation’ of the 70s, and I think there are a lot of differences,” …

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• 12 October 2021 8:24 pm

  August’s JOLTS Jobs decline to 10.4 million vs. 10.9 million expected

  

  The number of job openings on the last business day of August declined to 10.4, the U. S. Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This report doesn’t seem to be having a significant impact on the U. S. dollar’s …

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• 12 October 2021 8:15 pm

  IMF cuts 2021 global growth forecast

  

  The International Monetary Fund is less optimistic about the global economy for 2021, but still sees reasonable growth over the medium term. The World Economic Outlook, published Tuesday, expects global gross domestic product to grow by 5.9% this year; 0.1 percentage point lower than July estimate. For next year, the …

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• 12 October 2021 8:01 pm

  U.S. futures shaken over worsening energy prices

  

  Stock futures have been shaken as rising energy prices worsened concerns about inflation in addition to the lingering worries on China’s property sector, factors that together weighed on sentiment. Investors are looking to the third-quarter earnings season, which begins this week, for clues on how companies are faring with price …

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• 12 October 2021 7:38 pm

  Europe’s stocks fall as inflation concerns accumulate

  

  European stocks fell as investors’ concerns about rising energy prices and events in China are building up. Stock indexes have been dragged lower in choppy trading in recent weeks. Frankfurt’s DAX was 0.3% lower, underperforming other European indexes. Germany’s ZEW survey of economic sentiment weakened for the fifth straight month …

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• 12 October 2021 7:14 pm

  GBP continues to skyrocket towards ¥155

  

  The British pound initially dipped slightly to open up the Asian portion of the trading session on Tuesday, but turned right back around to rally towards the ¥155 level.The British pound has initially pulled back just a bit against the Japanese yen during Asian trading, only to turn around and …

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• 12 October 2021 6:32 pm

  Currencies Overview: The Japanese Yen is The Biggest Loser

  The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …

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• 12 October 2021 4:06 pm

  German ZEW Economic Sentiment Index Drops in October

  

  The German ZEW headline numbers for October showed that the Economic Sentiment Index worsened to 22.3 from 26.5 previous and below expectations of 24.0. The Current Conditions sub-index dropped to 21.6 in October as against 31.9 seen the previous month and 29.5 expected. The Eurozone ZEW Economic Sentiment for October …

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• 12 October 2021 3:14 pm

  Gold Rises on Risk Aversion And Inflation Concerns

  

  Gold prices rose on Tuesday, October 12 as risk aversion and inflation concerns added to the yellow metal’s allure, but expectations that the US Federal Reserve would start cutting economic stimulus capped gains. Spot gold rose 0.3% to $1,759.56 an ounce by 07:20 GMT, while US gold futures rose 0.3% …

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