Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 28 October 2021 2:45 pm

  Samsung Earnings Record Fueled by Chips

  

  Samsung third-quarter profit jumped 28%, to a 3-year high, as rising memory chip prices, chip-making contracts, and screen sales outpaced rising consumer electronics production costs. The world’s largest maker of memory chips and smartphones said operating profit rose to 15.8 trillion won (about $13.48 billion) in the July-September period, from …

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• 28 October 2021 1:25 pm

  Bank of Japan Decides to Keep Interest Rates

  

  The Bank of Japan decided at its monetary policy meeting held today, by a majority vote, to fix negative interest rates at -0.1% on current accounts held by financial institutions with the bank in the short term. The bank also decided to control long-term interest rates, by purchasing the required …

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• 28 October 2021 1:04 pm

  Market Drivers – Asian Session 28-10-2021

  

  The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.835, with moves seen limited ahead of next week’s policy-setting meeting by the Federal Reserve. The Nikkei index closed down 0.96 percent at 28,820.09 points, while the broader Topix index fell 0.7 …

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• 28 October 2021 12:34 pm

  Japan Shares Fall on Bleak Corporate Outlook

  

  Japanese stocks fell on Thursday as disappointing expectations from technology companies led to selling, but gains by major chip-related companies limited losses. The Nikkei index closed down 0.96 percent at 28,820.09 points, while the broader Topix index fell 0.7 percent to 1999.66 points. Robotics maker Fanuc slumped 8.66 percent after …

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• 28 October 2021 11:59 am

  ECB: Forecasts From Nine Major Banks

  

  USD/TRY leap The European Central Bank (ECB) is scheduled to announce its monetary policy decision this Thursday at 11:45 GMT, which will be followed by the post-meeting press conference at 12:30 GMT. here are the expectations as forecast by the economists and researchers of nine major banks. ING “Updating the …

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• 28 October 2021 11:17 am

  Oil Fell to Its Lowest Level in Two Weeks

  

  Oil prices fell to their lowest level in two weeks after official data showed a sudden jump in US crude stocks, and with the increase in Covid-19 cases in Europe and Russia and the emergence of some hotbeds of infection in China, dampening hopes for an economic recovery. Brent crude …

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• 28 October 2021 11:07 am

  Market Drivers – U. S. Session – 27-10-2021

  

  U. S. economic data in addition to corporate earnings reports and a number of positive developments had impact on the U. S. session Wednesday. The negotiations regarding the federal budget plan bill between the White House and the Congress is among the factors that led to a positive market performance.Gold …

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• 28 October 2021 10:30 am

  ECB: The Market is Looking For Clues

  

  The European Central Bank (ECB) is scheduled to announce its monetary policy decision this Thursday at 11:45 GMT, which will be followed by the post-meeting press conference at 12:30 GMT. Today’s ECB announcement may have more significance and is closely followed by the markets as it is one week ahead …

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• 28 October 2021 3:03 am

  Growth slowdown and inflation would dominate ECB’s meeting

  

  Investors and observers have expected the European Central Bank’s October meeting to be unexciting, but the current mixture of growth slowdown and higher inflation could cause it to be more action-packed than anticipated.Although big decisions on the future of the European Central Bank’s emergency stimulus package are unlikely to be …

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• 28 October 2021 2:03 am

  BOJ would hold fire as inflation surges, Yen weakened

  

  The Bank of Japan is expected to keep fiscal policy settings steady on Thursday and to contain inflation to stay below its 2% target for at least two more years.The BoJ is widely expected to leave its stimulus unchanged amid further delay in the economic recovery from the pandemic, only …

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• 28 October 2021 1:04 am

  How high will U. S. 3Q GDP be?

  

  Investors eye how strong growth in Q3 gross domestic product will be when the government reports the official advance estimate on Thursday.Following the first two quarters when the annual rate of growth came in at 6.3% and 6.7%, respectively, the arrival of the delta variant this summer and ongoing disruptions …

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• 28 October 2021 12:40 am

  USD/CAD reacts to the BoC’s decision

  

  USD/CAD fell for the first time in the week, down by 0.25%, trading at 1.2358 during the New York TRADING session. As the BoC decided to keep interest rates unchanged, investors’ expectation towards the QE was a reduction in its weekly purchases from CAD 2 billion to CAD 1 billion. …

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• 28 October 2021 12:17 am

  U. S. shares hover between small gains and losses

  

  U. S. Stocks hovered between small gains and losses, on Wednesday, as investors digest corporate earnings results released by biggest U.S. companies.The S&P 500 rose 0.2% a day after the broad stocks gauge closed at an all-time high for the 57th time this year. The Dow Jones Industrial Average, which …

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