Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 24 September 2021 4:20 pm

  The Evergrande Crisis Boosts Gold Amid USD Decline

  

  Gold compensated some of its losses after declining 1% in the previous session, supported by the weakness of the dollar and the return of concerns about the fate of the Chinese company Evergrande to the fore, which strengthened the position of the yellow metal as a safe haven. And gold …

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• 24 September 2021 2:37 pm

  European Shares Fall as Concerns Grow Over Evergrande

  

  European shares fell at the open, as concerns persisted over troubled Chinese real estate developer Evergrande, and China-exposed mining and retail stocks were among the biggest losers. The pan-European Stoxx 600 index fell 0.5%, after three days of gains. Mining, auto and retail stocks fell more than 1 percent. Investors …

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• 24 September 2021 1:50 pm

  Turkish Lira Near All-Time Lows After Interest Rate Cut

  

  The Turkish lira approached an all-time low on Friday as foreign investors flocked out, but bargain hunting in the local market limited losses, a day after the central bank’s unexpected decision to cut interest rates while providing a little indication of how far it could fall. The lira, which has …

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• 24 September 2021 1:12 pm

  Japan Shares Jump With The Support of The Financial Sector

  

  Japan’s shares jumped, in the last sessions of the week, supported by shares related to the economic cycle, due to hopes of achieving economic recovery, while investors expressed optimism that the repercussions of the debt crisis of China’s Evergrande Group would not affect the rest of the markets. The Nikkei …

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• 24 September 2021 12:38 pm

  Oil Continues to Rising For 4th Day in a Row on Supplies Concerns

  

  Oil prices continued to rise for the fourth consecutive day due to global supply concerns following two hurricanes in the United States, but the first sale of government crude reserves in China temporarily limited this rise. Brent crude rose 12 cents, or 0.2 percent, to $ 77.37 a barrel, after …

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• 24 September 2021 3:00 am

  U. S. Agencies asked to get prepared for potential shutdown

  

  The White House told government agencies to prepare for a potential government shutdown if a temporary solution bill is not passed as a new law before 30 September.White House press secretary Jen Psaki said during a briefing on Thursday that Biden’s administration is taking all possible steps to mitigate the …

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• 24 September 2021 2:47 am

  GBP/JPY price trades around 151.50 on BoE’s statements

  

  On Thursday, the GBP/JPY reached a new four day high at 151.48 as market sentiment ended mixed, and it could weigh on the British pound. The cross-currency declined to a daily low of 149.53, but as the European session began and the Bank of England released its monetary policy statement, …

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• 24 September 2021 2:32 am

  Biden administration sanctions virtual currency exchange

  

  The White House has imposed sanctions against SUEX, a virtual currency exchange that enables users to trade cryptocurrency or other digital currencies.The new measures were a reaction to the role played by the Czech Republic-based SUEX’s in facilitating financial transactions for ransomware actors as well as involving illicit proceeds from …

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• 23 September 2021 9:32 pm

  U. S. Investors’ concerns on infrastructure eased

  

  Investors appear to have brushed aside their interest in the progress of talks on the spending plan of USD 3.5 trillion after the meetings between U. S. President Joe Biden and the Democratic lawmakers.Advocates encouraged after disappointment over getting USD 1 billion for the equity related projects in bipartisan infrastructure …

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• 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 …

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• 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 …

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• 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 …

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• 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. …

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