Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), registering its first loss in seven sessions. The EUR/USD pair slipped by 0.06% to reach 1.1872, maintaining the 1.870 level, but remaining lower year to date by about 2.82%. This was the first and largest loss for the …
Read More »Market Analysis
September, 2021
-
7 September 2021 4:47 am
USD Snaps Four-Session Decline with Marginal Rise
The U.S. Dollar (USD) traded marginally higher on Monday, with thin trade volumes attributed to the federal holiday commemorating Labor Day. The greenback rose by about 0.10% against major currencies, snapping a four-day declining streak and recording its largest rise since August 26. Last week, markets were surprised by a …
Read More » -
7 September 2021 4:12 am
Goldman Sachs Planning IPO in London
Goldman Sachs is planning to list its alternative asset management arm, Petershill Partners, on the London Stock Exchange (LSE). The investment bank announced on Monday that would raise at least $750 million in the IPO. Media reports pointed to plans targeting $5 billion, according to Dow Jones. Petershill Partners and …
Read More » -
7 September 2021 4:07 am
U.S. Stock Futures Show Wall Street on Track for Another Rise
The New York Stock Exchange (NYSE) could be rising to new record highs, as evident by today’s rise of the U.S. stock futures on Monday, with the futures on the S&P 500 rising by 0.3%. In addition, most stock markets performed positively today, signaling that Wall Street might be up …
Read More » -
6 September 2021 10:46 pm
U.S. Markets Shut Down for Labor Day
Markets across the United States are closed today in celebration of Labor Day. The long weekend, observed on the first Monday in September, celebrates workers and the labor movement in the U.S. The first Labor Day was celebrated in the U.S. back in 1882 in New York. Nearly two decades …
Read More » -
6 September 2021 10:37 pm
European Stocks Begin Week with Positive Performance
European stocks rose on Monday, opening the week with a positive performance after registering their best monthly performance since May last month. The STOXX Europe 600 index added 3.26 points or 0.69% today to close at 475.19 points, logging its second-highest closing level of all time. France’s CAC40 index finished …
Read More » -
6 September 2021 3:51 pm
Reuters: Bank of Canada Expected to Raise Rates to in Q4
All 34 economists that took part in a recently conducted Reuters poll said that they expect the Bank of Canada to leave its policy rate unchanged at the September 8 meeting. Further details of the survey revealed that the median view was for the BoC to raise its policy rate …
Read More » -
6 September 2021 2:46 pm
Currencies Overview: The US Dollar Recovers From Its Losses
The dollar rose in early European trade on Monday, but remained near a one-month low, as Friday’s disappointing jobs report dampened expectations of an early tapering. At 9:04 am GMT, the DXY dollar index, which measures the greenback against a basket of six other currencies, rose 0.15% to 92.25 points, …
Read More » -
6 September 2021 1:25 pm
Eurozone Investor Sentiment Deteriorates in September
Monday’s survey revealed that investor sentiment in the eurozone fell further in September, driven by another sharp drop in expectations on concerns that new COVID-19 restrictions may slow business activities. The Sentix index for the eurozone fell to 19.6 points from 22.2 points in August. This is the lowest reading …
Read More » -
6 September 2021 12:26 pm
Gold Rises Near a Two-And-Half Month High
Gold prices rose on Monday, hovering around a two-and-a-half-month peak after disappointing US jobs data raised hopes that the Federal Reserve may wait a little longer to scale back its stimulus measures. Gold spot transactions 0.1 percent to $ 1827.82 an ounce. In the previous session, prices rose to their …
Read More » -
6 September 2021 11:57 am
Nikkei Rises 1.28% at The Beginning of Trading in Tokyo
The Nikkei average rose in early trading on the Tokyo Stock Exchange on Monday. The Nikkei rose 1.28% to 2,9501.22 points, while the broader Topix index rose 0.93% to 2034.22 points.
Read More » -
6 September 2021 11:11 am
A Sudden Rise in Industrial Orders in Germany in July to The Highest Level Since The Start of Data Collection
Official data showed a surprising growth in industrial orders in Germany in July, to the highest level since the start of data collection in 1991, indicating a strong start to the second half of the year in Europe’s largest economy. The data published by the Federal Statistics Office revealed that …
Read More » -
6 September 2021 10:29 am
Oil Continues to Decline After Large Cuts in Saudi Crude Oil Prices to Asia
Oil prices extended their decline on Monday after Saudi Arabia, the world’s largest exporter, cut crude prices for Asia at the weekend, indicating a good supply in global markets. Brent crude futures for November fell 57 cents, or 0.8%, to $72.04 a barrel by 01:01 GMT, while US West Texas …
Read More »