Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 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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• 28 September 2021 8:05 pm

  Lagarde warns against overreacting to temporary price shock

  

  ECB President Christine Lagarde said that the European Central Bank should be cautious of withdrawing stimulus too quickly, a statement by which Lagarde has distanced the European Central Bank from the move towards tighter monetary policy by many other central banks.ECB sees inflation going further above 3%, but expected to …

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• 28 September 2021 7:52 pm

  Lagarde assesses monetary policy during unusual recovery

  

  President of the European Central Bank, Christine Lagarde spoke before ECB Forum on Central Banking. Her speech was entitled: “Beyond the pandemic: the future of monetary policy”.Lagarde has pointed out that the economy is back from the brink, but not completely out of the woods. After a highly unusual recession, …

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• 28 September 2021 7:39 pm

  Powell to Congress: Inflation will stay high

  

  The Federal Reserve banks of Dallas and Boston have announced that their presidents, Robert Kaplan and Eric Rosengren consider resignation following reports of their investment trading activity, which spurred calls for the Fed to review its ethics rules.Kaplan acknowledged in a statement his stock trading distracted from the central bank’s …

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• 28 September 2021 4:58 pm

  The US Dollar Rises Boosted by Treasury bonds

  

  The US dollar advanced for the third day in a row on Tuesday, boosted by a rise in Treasury yields ahead of a large number of Fed speakers this week who may confirm expectations to start reducing asset purchases before the end of the year, and the benchmark US 10-year …

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• 28 September 2021 4:28 pm

  Nasdaq Futures Drop 1.6% as Bond Yields Rise

  

  US stock futures fell 1.6 percent on Tuesday, September 28, as the Nasdaq index futures suffered a sharp decline as rising bond yields pressured technology stocks. Nasdaq100 futures fell 1.6%, S&P500 futures fell 0.8%, while Dow Jones Industrial Average futures lost about 114 points or 0.3%. The 10-year Treasury yield …

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