Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 16 September 2021 1:14 am

  Canadian Dollar Beats G10 Peer Currencies

  

  The Canadian dollar strengthened, Wednesday, against the U.S. dollar as oil prices rose and domestic data showed inflation climbing to its highest level in 18 years. Broad U.S. dollar weakness prevails despite positive developments for the Canadian dollar, on the inflation front. Canada’s annual inflation rate climbed to 4.1% in …

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• 16 September 2021 1:13 am

  Bitcoin’s Historic Mining of 700,000th Block

  

  Bitcoin miners successfully mined the 700,000th block of the network, an achievement that is widely looked upon as a major historic milestone in September.Bitcoin’s circulating supply amounts to 18,816,787 BTC and currently trades at USD 48,009, in defiance of its critics with Block Height at around 1,276 transactions embedded within …

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• 15 September 2021 9:34 pm

  U. S. Prominent Businessman: Cash Is Trash, Governments Don’t Want Cryptocurrencies to Succeed

  

  U. S. prominent businessman Ray Dalio warned investors against too much dependence on cash. At the same time, he warned those who own some Bitcoin that they are encountering some danger, because governments could destroy the crypto market.“First, know cash is trash, so don’t keep it in cash,” Dalio, the …

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• 15 September 2021 7:49 pm

  Traders Await Speech ECB Lane On Inflation

  

  Traders and investors await the speech by European Central Bank’s Chief Economist Philip Lane, Wednesday, before the IMF webinar as the debate about inflation as well as its impact is still far from coming to an end. Markets have witnessed a significant relief in shares, equity and bond markets since …

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• 15 September 2021 6:21 pm

  Oil Prices Rise After US Inventories Fall

  

  Oil prices rose on Wednesday after data showed a larger-than-expected drop in crude stocks in the United States, the world’s largest fuel consumer, and amid expectations of a recovery in demand with the expansion of vaccinations. Brent crude rose $1.08, or 1.5 percent, to $74.68 by 1226 GMT, while US …

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• 15 September 2021 4:29 pm

  Gold is in a Narrow Range Near $ 1,800 Amid Uncertainty of Stimulus

  

  Gold prices held within a narrow range near the key $1800 level as lower US inflation data fueled doubts about the time frame for the Federal Reserve’s move to cut stimulus measures. Spot gold fell 0.2 percent to $1,800.3 an ounce by 0904 GMT, but was slightly below a week’s …

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• 15 September 2021 3:33 pm

  Eurozone Production Stronger Than Expected in July

  

  Eurozone industrial production rose 1.5% more than expected in July, according to data released Wednesday, September 15th, thanks to higher production of capital goods and consumer non-durable goods. The European statistics office Eurostat reported that industrial production in the 19 countries dealing in the euro currency rose 1.5% on a …

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• 15 September 2021 2:22 pm

  Japan’s Nikkei Falls From 3-Decade High on Profit-Taking

  

  Japan’s Nikkei fell at the close on Wednesday from a three-decade high hit in the previous session as investors took profits after a strong rally in the past two weeks, as regulatory concerns in China weighed on SoftBank Group and real estate stocks. The Nikkei index fell 0.52% to close …

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• 15 September 2021 2:20 pm

  UK Inflation Rises to 9-Year High in August

  

  Britain’s inflation rate hit its highest level in more than nine years last month after the biggest monthly jump to the annual rate in at least 24 years, in large part due to an extraordinary increase due to a program to cut food prices last year. Consumer prices rose 3.2% …

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• 15 September 2021 1:05 pm

  European Shares Under Pressure From Weak Chinese Data

  

  European shares fell Wednesday, September 15th on concerns about a slowdown in the Chinese economy, a decline in travel and leisure stocks, and rising inflation in Britain, and the impact on sentiment in early trade. By 07:11 GMT, the European STOXX600 index was down by 0.1%. Asian shares fell after …

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• 15 September 2021 12:31 pm

  Oil Prices Rise With Falling Inventories

  

  Oil prices rose on Wednesday, September 15th, after data showed a larger-than-expected decline in crude stocks in the United States, the largest consumer of fuel in the world, in addition to expectations of a recovery in demand with the expansion of vaccinations. But the decline in China’s consumption of crude …

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• 14 September 2021 5:50 pm

  Canada: Manufacturing Sales Decline by 1.5%

  

  Manufacturing Sales in Canada declined by 1.5% on a monthly basis to C$59.6 billion in July, the data published by Statistics Canada revealed on Tuesday. This reading followed June’s expansion of 2.1% and came in worse than the market expectation for a decrease of 1%.

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• 14 September 2021 5:03 pm

  US Annual CPI Inflation Edges Lower in August

  

  The US inflation data was released moments ago, and the markets waited for this data strongly to determine whether the inflation rate is exacerbating or is still under control, and these data are currently used to pressure the US Federal Reserve to announce the start of tightening its monetary policy …

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