Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 16 October 2021 2:02 am

  Will Eurozone encounter a real estate bubble?

  

  The head of the ECB banking supervision, Andrea Enria said there has been “an increase in vulnerabilities” in some countries’ residential real estate and an increase in cheap loans, have overheated the real estate market in many places, leading to an increased risk of a bubble.The European Central Bank has …

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• 16 October 2021 1:46 am

  U.S. oil drilling rig count up for 6 weeks

  

  Baker Hughes data on Friday reported that the number of active U.S. rigs drilling for oil climbed by 12 to 445 this week. This data followed increases throughout the last five weeks.Active U.S. rig count, including natural gas ones, climbed by 10 to stand at a total of 543 according …

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• 16 October 2021 1:33 am

  Anticipated deficit pushes oil prices higher

  

  Oil prices settled at a three-year high above $85 a barrel on Friday, boosted by anticipated supply deficit in the next few winter months as the easing of coronavirus-related travel restrictions leads demand surge.Brent crude futures settled up 86 cents, or 1%, at$84.86 a barrel. Front-month prices, which touched their …

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• 16 October 2021 1:20 am

  Tether fined $41 million on Stablecoin

  

  The Commodity Futures Trading Commission ordered Tether, Friday, to pay a $41 million fine for “making misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin.”This case highlights the expectation of honesty and transparency in the rapidly growing and developing digital assets marketplace.Stablecoins …

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• 16 October 2021 1:06 am

  Earnings biggest catalyst for stocks next week

  

  Earnings could decide mid-October market status, as dozens of companies will report their financial statements next week.The companies reporting next week will include Tesla and Netflix in addition to blue chips Procter & Gamble, Johnson & Johnson, American Express, Intel and Honeywell.The nervous trading pattern of October has shaken U. …

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• 16 October 2021 12:53 am

  U. S. Shares close higher, S&P 500 Best since July

  

  U. S. Shares closed higher again on Wall Street Friday, giving the S&P 500 its best week since July. The benchmark index added 0.7% and ended the week up 1.8%. Encouraging reports on the economy and corporate earnings helped the market keep steady following unstable weeks.J.B. Hunt Transport Services, Goldman …

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• 15 October 2021 11:38 pm

  Wall Street banks will profit again when Fed withdraws stimulus

  

  Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading, fueled by the Federal Reserve’s massive injection of cash into the markets.The central bank is nearing the time to wind down its asset purchases, tapering, as banks are getting ready to profit again as increased volatility encourages …

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• 15 October 2021 10:04 pm

  The rise of Bitcoin does not threaten USD

  

  An executive at Fidelity Investments says that Bitcoin (BTC) may reach $100,000 by 2023, but that won’t threaten the value of the US dollar (USD).In a new interview with CNBC’s “Squawk on the Street,” Fidelity Investments director of global macro Jurrien Timmer predicts that the largest crypto asset by market …

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• 15 October 2021 9:33 pm

  Rising rents fuel inflation, adding to Fed’s trouble

  

  Economic policymakers have said inflation will prove temporary, but rising rents keep challenging that view and pressuring Washington to react.Work stoppages, supply shortages, and labor constraints due to the pandemic have kept developers from ramping up home building to meet the existing demand level.The Federal Reserve targets 2 percent annual …

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• 15 October 2021 9:17 pm

  USD/CAD trims weekly losses

  

  USD/CAD is advancing during the New York session, up 0.19%, trading at 1.2393. An upbeat market sentiment surrounds the market portrayed by US equity indexes rising between 0.17% and 0.92%.Western Texas Intermediate, the US benchmark for crude oil, which significantly influences the Canadian dollar, is rising 0.61%, trades at $81.42, …

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• 15 October 2021 8:37 pm

  U.S. business inventories rise solidly, but auto stocks fall

  

  U.S. business inventory accumulation increased solidly in August, though motor vehicle retailers continued to struggle to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to cut production.Business inventories rose 0.6% after a similar gain in July, the Commerce Department said on Friday. Inventories are a key …

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• 15 October 2021 8:27 pm

  Gold futures slide as prices eye strongest weekly gain since August

  

  Gold futures fell on Friday, on pace to halt a three session climb, as Treasury yields and U.S. benchmark stock indexes rose, but the recent run-up in the precious metal set prices up to post the best weekly advance since August. The selloff Friday followed gold’s inability to hold above …

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• 15 October 2021 8:14 pm

  UoM Index: U.S. Consumer Sentiment Decreased in Early October

  

  Consumer sentiment in the U.S. slightly and unexpectedly decreased in early October as the spread of the Covid-19 Delta variant and supply-chain strains impacted the Americans’ mood.Americans grew more concerned about both current conditions and the economic outlook. The preliminary estimate of the index of consumer sentiment released Friday by …

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