Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 29 September 2021 7:55 pm

  $80 oil sparks mixed expectations for world economy

  

  Oil prices have jumped above $80 for the first time since 2018, this development is handing a major boost to producers but is simultaneously fuelling more inflationary pain for consumers.Global supplies are disrupted because U. S. production is still hampered by ongoing fallout from Hurricane Ida in Louisiana and the …

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• 29 September 2021 7:35 pm

  Bond selloff sends a warning to the Federal Reserve

  

  Bond yields have been increasing slowly but steadily over the past two weeks from 1.30% for the 10-year bond to 1.50%. The extremely low together with the relatively stable U. S. government bond yields have confused several market observers for the few previous days. The current situation is also challenging …

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• 29 September 2021 7:19 pm

  Investors await clarity on crypto taxes

  

  The recently released final draft of the U. S. Reconciliation Bill aims to subject investors in the crypto space to a complex tax rule based upon the constructive sales concept.Cryptocurrency users are expected to pay taxes without even selling their crypto assets under the proposed draft which could be passed …

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• 29 September 2021 6:42 pm

  Evergrande is selling a bank stake to repay liabilities

  

  China Evergrande Group said Wednesday that it’s planning to sell its $1.5 billion stake in Shengjing Bank, which comes as an attempt of the group to avoid default. The announcement was added to other practices aiming at easing concerns the collapse of the huge real-states entity could spread through the …

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• 29 September 2021 6:19 pm

  Senate Democrats are voting on a bill to avoid shutdown

  

  Democrats are expected to vote Wednesday on a temporary legislation that helps avoid partial government shutdown through keeping current levels of federal government funds after Thursday. The move was encouraged by top House Democrats led by majority leader Steny Hoyer who said that there were talks with Senate Democrats suggesting …

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• 29 September 2021 5:22 pm

  Reuters: OPEC Expected to Stick to November Production Plans, Despite oil Reaching $80

  

  Sources said that OPEC+ will likely stick to an existing agreement to add 400,000 barrels per day to its production in November when it meets next week, despite the fact that oil reached its highest level in more than three years above $ 80 a barrel and pressure from consumers …

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• 29 September 2021 4:05 pm

  GBP/USD Crashes Under 1.35

  

  GBP/USD has tumbled under 1.35, extending its rapid decline. The currency pair hast hit a low of 1.3473, a level last seen in January. The US dollar index continues to rise on Wednesday, for the fourth consecutive day. The dollar index was able to reach its levels during 2021 thanks …

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• 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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