Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 21 October 2021 12:16 am

  Fed’s Beige Book: Supply chain roars and labor shortage slows economic growth

  

  U.S. economic growth slowed as a result of supply chain disruptions and a growing labor shortage according to a fresh Federal Reserve report. Fed’s Beige Book is a region by region compilation of economic information. In its latest edition issued Wednesday, Fed reported that several districts noted that growth overall …

  Read More »
• 20 October 2021 9:51 pm

  Fed’s Quarles: More stimulus lets inflation continue longer

  

  A top Federal Reserve official said he expected elevated inflation pressures to decline without requiring a more aggressive response by the central bank next year.Fed Governor Randal Quarles says he is watching for signs that higher demand will keep prices elevated even after bottlenecks abate, but he warned of growing …

  Read More »
• 20 October 2021 8:31 pm

  Gold rises as rate hike expectations played down

  

  On Wednesday, gold rose for a second day following comments by Federal Reserve Bank official that played down the possibility of imminent rate hikes.Gold gained positive traction for the second successive day and shot to fresh weekly tops, closer to the $1,790 level during the early North American session, meanwhile …

  Read More »
• 20 October 2021 7:37 pm

  U. S. EIA: Crude oil stocks decline by 0.4 million barrels

  

  Commercial crude oil inventories in the US fell by 0.4 million barrels in the week ending October 15.The U. S. Energy Information Administration’s weekly report was out on Wednesday. This reading comes in much lower than the market’s expectation for an inventory build of 1.8 million barrels.Crude oil prices tipped …

  Read More »
• 20 October 2021 7:22 pm

  Bitcoin closes at record high, day after U.S. ETF launch

  

  Bitcoin drifted just below its record highs on Wednesday, only one day after the launch of the first U.S. bitcoin futures-based exchange traded fund (ETF), to evidence that the new product was entirely meaningful for bitcoin. The world’s leading cryptocurrency displayed good performance at $64,257, and got higher during the …

  Read More »
• 20 October 2021 7:19 pm

  Market Drivers – European Session 20-10-2021

  

  The European trading session, on Wednesday, was quiet for the second consecutive day. The U. S. dollar became further steadier earlier in the European session, but it is now following a more mixed trading pattern, with the sterling tracking lower as it moved away from key resistance near 1.3800.Gold’s gains …

  Read More »
• 20 October 2021 5:34 pm

  Canada: Annual CPI rises to 4.4% in September

  

  Annual inflation in Canada, as measured by the Consumer Price Index (CPI), advanced to 4.4% in September from 4.1% in August, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 4.3%.

  Read More »
• 20 October 2021 4:30 pm

  US Stock Index Futures Rise

  

  U.S. stock index futures were higher in overnight trading on Wednesday, as investors are watching the rise in the US bond yield, and investors are also awaiting the release of more results from the work of some major US companies, led by Tesladue after the market closes today. During today’s …

  Read More »
• 20 October 2021 3:58 pm

  Dollar Settled as Risk Appetite Improves

  

  The dollar settled in early European trade on Wednesday, after an improvement in risk appetite around the world pushed up risky currencies and sent the yen to a four-year low against the dollar overnight. Most of the European stock indices rose, and the yield on US Treasury bonds for ten …

  Read More »
• 20 October 2021 3:06 pm

  ECB’s Lagarde Regrets Wedimann’s Resignation

  

  Bundesbank President Jens Weidmann, a relentless critic of the European Central Bank’s ultra-easy monetary policy, will step down from his post on Dec. 31, with more than five years left on his term, the German central bank said on Wednesday. Commenting on Bundesbank President Jens Weidmann’s decision to resign at …

  Read More »
• 20 October 2021 2:14 pm

  European Shares Falling Affected by Weak Results

  

  European shares fell on Wednesday, as weak earnings from French luxury goods company Kering and Dutch semiconductor ASML outweighed strong results from Nestle and other companies. The pan-European Stoxx 600 index was down 0.1 percent, although Asian shares rose, supported by a strong Wall Street close on Tuesday. And Kering’s …

  Read More »
• 20 October 2021 1:29 pm

  Oil Prices Fall as China’s Efforts to Contain The Coal Crisis

  

  Oil prices fell on Wednesday (October 20th) after the Chinese government intensified its efforts to curb the record rise in coal prices and operate coal mines at full capacity to ease the energy shortage crisis. Prices of Chinese coal and other commodities fell in early trading, which in turn led …

  Read More »
• 20 October 2021 1:08 pm

  Japan Shares Give up Most of The Gains as US Bond Yields Rise

  

  Japanese stocks rose on Wednesday, October 20, buoyed by a strong close on Wall Street, but gave up most of the gains as investors grew cautious about weak US futures contracts and higher yields on Treasuries. The Nikkei index increased by 0.14% to close at 29,255.55 points, after rising by …

  Read More »