Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 22 October 2021 12:33 am

  USD ready to resume advance

  

  Risk turned off on Thursday leading the USD to reap the most out of it. The dollar weaker yesterday, but it managed to appreciate against most major rivals, except safe-haven CHF and JPY.There was no certain catalyst behind the retreating risk appetite although inflation-related concerns constitute one part of the …

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• 22 October 2021 12:15 am

  Weidmann’s successor difficult test ahead German economy

  

  Bundesbank president Jens Weidmann has thrown an additional wild card on the negotiation table for Germany’s economy after Merkel’s last term in office.After 10 years opposing the ECB’s loose fiscal policy,the German economist announced his departure on Wednesday for personal reasons. Last month’s election pushed has pushed Dr Weidmann out …

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• 21 October 2021 10:48 pm

  Treasury yields climb over jobless data

  

  Treasury yields were slightly higher Thursday as U.S. weekly jobless benefit claims fell with a reading of initial jobless claims for the week ended Oct. 16 which dropped by 6,000 to pandemic low of 290,000.Yields were drifting higher as weekly jobless claims showed companies shying away from layoffs amid the …

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• 21 October 2021 10:37 pm

  RBA reveals $4.3bn accounting loss

  

  Australia’s Reserve Bank made a multibillion-dollar loss on its securities and foreign exchange transactions during last financial year as unrealised valuation losses. The RBA recorded a $4.3 billion accounting loss in the 2020-21 financial year. The RBA admitted higher interest rates could further hit its bottom line while beefing up …

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• 21 October 2021 10:07 pm

  Bitcoin back near record highs

  

  Houston’s pension fund for its firefighters said Thursday it bought $25 million worth of bitcoin and ether for its defined-benefit plan’s portfolio, the latest move by an institutional investor into digital assets.The Wall Street Journal reported that this move comes as bitcoin powered back to a record above $66,000 earlier …

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• 21 October 2021 9:58 pm

  Bitcoin temporarily crashed 87% to about $8,000 on but only on Binance

  

  Bitcoin stumbled to $8,200 on Binance’s trading platform. This temporal decline in the leading cryptocurrency was an 87% fall from $65,815.Binance’s CEO Changpeng Zhao tweeted: “Expect very high volatility in #crypto over the next few months.”The coin had been trading around $65,000 when Binance posted a candle that showed the …

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• 21 October 2021 9:41 pm

  Barclays profit gets boost from investment banking

  

  Barclays reported better than expected Q3 profits on Thursday, following its Wall Street rivals in receiving a strong push from investment banking.The British bank reported Q3 profit of £1.45 billion vs expected £931.25 million. The figure marks a significant increase from the £611 million reported for Q3 last year.“For many …

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• 21 October 2021 8:49 pm

  Wall Street Flat, IBM Earnings Impact Tech Stocks

  

  U.S. stock indexes remained flat on Thursday as losses in IBM’s earnings impacted technology shares. The Dow Jones retreated after hitting an intraday record high in the previous session, while the S&P 500 Index was just about 15 points short of from its early September record.Eight of the 11 major …

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• 21 October 2021 8:06 pm

  U. S. EIA: Natural gas inventories climb to 92 billion cubic feet

  

  The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas climbed by 92 billion cubic feet for the week ended Oct. 15.Following the data, November delivery of natural gas extended decline, trading down 11.5 cents, or 2.2%, at $5.062 per million British thermal units. Prices were …

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• 21 October 2021 7:21 pm

  October Consumer Confidence declines in Eurozone

  

  The European Commission said Thursday that its measurement index of consumer confidence in the Eurozone declined to minus 4.8 in October from minus 4.0 in September. Economists polled by The Wall Street Journal had forecast a reading of minus 5.0. The fresh reading comes amid rising inflation and economic recovery …

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• 21 October 2021 6:27 pm

  Market Drivers – European Session 21-10-2021

  

  The European session was mostly quiet, with the dollar holding steady while commodity currencies fell after an early advance in Asia Pacific trading. A slightly weaker risk mood in European morning trade may keep risky trade more cautious, as the Australian dollar fell from 0.7540 earlier today to 0.7480 before …

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• 21 October 2021 5:01 pm

  US Stock Futures Are Down on Thursday Morning

  

  Stock futures fell in early trading on Thursday after the blue-chip Dow Jones Industrial Average regained its highest level in the previous session amid strong corporate earnings, Dow futures fell 104 points or 0.2%, and S&P 500 futures fell By 0.2%, the Nasdaq 100 futures contract lost 0.2%. IBM shares …

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• 21 October 2021 4:49 pm

  Weekly Initial Jobless Claims Decline to 290K

  

  There were 290,000 initial claims for unemployment benefits in the US during the week ending October 16, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 296,000 (revised from 293,000) and came in better than the market expectation of …

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