Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 6 October 2021 10:34 pm

  Russia: Nord Stream 2 could cool gas prices in Europe

  

  Russian Deputy Prime Minister Alexander Novak said on Wednesday that certification of the Nord Stream 2 undersea gas pipeline could soften the crisis due to hiking European gas prices.Prices have spiked in response to a recovery in demand, particularly from Asia, when storage levels are low.European Dutch wholesale gas for …

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• 6 October 2021 10:21 pm

  Putin steps in as Europe’s energy crisis intensifies

  

  European and U.K. gas prices surged Wednesday by more than 25%, trigerred by high demand before the winter months.Critics have accused Moscow of intentionally limiting gas supplies to Europe to hasten the launch of Nord Stream 2, a controversial pipeline connecting Russia with Germany. Earlier on Wednesday, Putin’s spokesman Dmitry …

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• 6 October 2021 9:58 pm

  Johnson promises transformed economy for Britain

  

  The British prime minister sketched an economic vision for the U. K., but he avoided mentions to the fuel crisis and food shortages the country has suffered from during recent weeks.Boris Johnson vowed that Britain would not return to the “broken model” of the past. He also vowed on Wednesday …

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• 6 October 2021 9:16 pm

  U. S. stocks fall over taper concerns triggered by jobs data

  

  U.S. stock indexes fell on Wednesday shortly after strong private jobs in September was announced. The ADP National Employment Report showed private payrolls increased by 568,000 jobs last month. Economists polled by Reuters had forecast a rise of 428,000 jobs.The jobs data fueled investors’ concerns that the U. S. Fed …

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• 6 October 2021 8:48 pm

  NZD/USD slid despite RBNZ’s interest rate decision

  

  The NZD/USD pair slid Wednesday to 0.0052 -0.75% despite the Reserve Bank of New Zealand lifted its benchmark rate to 0.5% from a record-low 0.25% and signaled more increases over the next year, as it seeks to tame inflation stoked by higher oil prices, rising transport costs and supply-chain disruptions. …

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• 6 October 2021 8:07 pm

  EIA: U.S. crude, gasoline stockpiles rise last week

  

  U.S. crude oil and gasoline inventories rose last week as production rebounded as more offshore oil facilities returned from last month’s storm-related shut-ins, the Energy Information Administration said on Wednesday.Crude inventories (USOILC=ECI) rose by 2.3 million barrels in the week to Oct. 1 to 420.9 million barrels, compared with analysts’ …

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• 6 October 2021 7:57 pm

  Crude oil strengthens over $79.09, weakens under $78.57

  

  U.S. West Texas Intermediate crude oil futures are trading a little better Wednesday after hitting its highest level since 2014 the previous session. Global concerns about energy supply on signs of tightness in crude, natural gas and coal markets still persist.At 05:26 GMT, December WTI crude oil is trading $78.79, …

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• 6 October 2021 6:06 pm

  Wall Street Falls on Inflation Fears And ADP Report

  

  Wall Street’s main indexes opened lower on Wednesday after rising oil prices fueled inflation fears, while a survey showing a strong rise in private-sector jobs last month fueled concern that monetary stimulus would be scaled back sooner than expected. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, …

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• 6 October 2021 5:24 pm

  U.S. Private-Sector Employment Rises by 568K in September

  

  Employment in the US’ private sector rose by 568,000 in September, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading came in stronger than the market expectation for an increase of 428,000. Meanwhile, August’s print got revised down to 340,000 from 374,000.

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• 6 October 2021 4:22 pm

  The Iraqi Oil Minister Considers The Price of Oil Between 75 and 80 Dollars

  

  The Iraqi Oil Minister said that the price of oil between 75 and 80 dollars per barrel is a fair price for producers and consumers, adding that his country seeks to raise its production and export capacity in the coming years. Oil prices topped $83 a barrel on Wednesday, their …

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• 6 October 2021 3:11 pm

  The Dollar Rises as Inflation Fears Grow Due to a Jump in The Energy Sector

  

  The dollar rose on Wednesday, on concern that higher energy prices would spur inflation and raise interest rates, as traders awaited US jobs data for clues about the timing of the Federal Reserve’s tightening of policy. The New Zealand dollar fell 0.9% to $0.6891, and the Australian dollar fell 0.7% …

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• 6 October 2021 2:21 pm

  RBA Kept The Policy Rate Unchanged This Week

  

  As expected, the Reserve Bank of Australia (RBA), at its October meeting, decided to maintain the cash rate target at 0.10% and the interest rate on Exchange Settlement balances of 0%; maintain the target of 0.10% for the April 2024 Australian Government bond; continue to purchase government securities at the …

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• 6 October 2021 2:16 pm

  Eurozone Retail Sales Missed Expectations in August

  

  Data showed that retail sales in the eurozone missed expectations in August, as consumers curbed spending on food, beverages, and tobacco. The European Union statistics office Eurostat said retail sales, an indicator of consumer demand, in the 19 euro-denominated countries rose 0.3 percent month-on-month in August, unchanged from the previous …

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