Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 23 September 2021 8:38 pm

  Fed’s Decisions move XAU/USD to decline

  

  The XAU/USD has now declined and eventually moved back into the negative territory for the second successive day.Gold price was additionally pressured by more and more global central banks. The Federal Reserve on Wednesday indicated that control of the pace of asset purchases may soon be announced if economic progress …

  Read More »
• 23 September 2021 8:19 pm

  Crypto billionaire: Bitcoin’s stability shows market is in good shape

  

  U. S. Crypto billionaire Mike Novogratz said that bitcoin’s firm level at $40,000 during the latest selloff had definitely sent a good sign for the market.Speaking after cryptocurrencies’ sharp selloff at the start of the week, Novogratz also recommended buying digital assets under the current circumstances. He said that he …

  Read More »
• 23 September 2021 8:04 pm

  Biden’s pick for OCC Head is critical of cryptos

  

  U. S. President Joe Biden’s pick for the official position of the Office of the Comptroller of the Currency (OCC) Chair has stirred controversy across the financial circles Biden’s pick is Saule Omarova; a Cornell University’s law professor who has been critical of cryptocurrencies. Omarova adopts a vision on a …

  Read More »
• 23 September 2021 8:00 pm

  GBP rose against the U. S. dollar after FED’s decisions

  

  Britain’s FTSE index has been up by 0.2%, while sterling rose 0.8% versus the U. S. dollar to USD 1.37.The Bank of England on Thursday kept monetary policy unchanged and downgraded economic growth projections for the third quarter of 2021.European investors are still digesting signals and comments by the U. …

  Read More »
• 23 September 2021 7:15 pm

  European stocks climb on Bank of England, Fed statements

  

  European stocks have been traded higher Thursday as global markets reacted to the latest policy decisions from the Bank of England and the U.S. Federal Reserve.Investors are still digesting the Fed’s decisions and the statements by the Bank of England, as the IHS Markit’s flash composite Purchasing Managers’ Index (PMI) …

  Read More »
• 23 September 2021 6:58 pm

  Bank of England: Inflation is poised to top 4%

  

  The Bank of England said the chance for higher interest rates appeared to have strengthened on Thursday after it pushed up its forecast for inflation at the end of the year to over 4%, more than twice its target rate.Policymakers at the Bank of England unanimously voted to leave its …

  Read More »
• 23 September 2021 5:26 pm

  Canada: Retail Sales Decline by 0.6% in July

  

  Retail Sales in Canada contracted by 0.6% on a monthly basis in July, the data published by Statistics Canada showed on Thursday. This reading followed June’s increase of 4.2% and came in slightly better than the market expectation for a decrease of 1.2%. Excluding cars, Retail Sales in Canada declined …

  Read More »
• 23 September 2021 5:00 pm

  US: Weekly Initial Jobless Claims Rise to 351K

  

  There were 351,000 initial claims for unemployment benefits in the US during the week ending September 18, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 335,000 (revised from 332,000) and came in worse than the market expectation of …

  Read More »
• 23 September 2021 4:37 pm

  Eurozone Business Growth Slows in September

  

  Thursday’s survey showed that business in the eurozone grew at the slowest pace in five months in September, as measures imposed to combat the spread of the Delta strain of the Coronavirus hit demand, while restrictions on supply chains raised the cost of production to more than a two-decade high. …

  Read More »
• 23 September 2021 4:20 pm

  Gold Stabilizes in Light of The US Dollar’s Decline to its Lowest Level in a Month

  

  Gold prices stabilized Thursday, September 23, after the dollar gave up some of its gains due to hints from the Federal Reserve of a faster-than-expected interest rate hike, but positive news from China’s Evergrande limited the demand for possession of the yellow metal, which is considered a safe haven. Spot …

  Read More »
• 23 September 2021 3:06 pm

  Bank of England Leaves Policy Unchanged

  

  The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% and kept the Asset Purchase Facility steady at £895 billion at the end of September policy meeting, as was widely expected.

  Read More »
• 23 September 2021 3:04 pm

  The US Dollar is Falling From Its Highest Level in a Month

  The US dollar retreated Thursday, September 23rd from its highest level in a month, which is reached after the US Federal Reserve paved the way for raising interest rates next year, and improving sentiment in global markets encouraged dealers to sell the dollar. The Fed also signaled a tendency to …

  Read More »
• 23 September 2021 1:20 pm

  European Shares Rise For The Third Day

  

  European shares rose for the third day in a row as global sentiment improved after concerns over the financially crippled Chinese real estate developer Evergrande eased, while investors awaited the latest batch of market surveys. The pan-European Stoxx 600 index rose 0.6 percent, on track to post strong gains at …

  Read More »