Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 22 October 2021 2:43 am

  NZ unveils traffic light system with 90% vaccination target

  

  “Vaccinations are our armor,” said New Zealand Prime Minister Jacinda Ardern while revealing the new governmental measures to battle the coronavirus during Friday morning in Asia.“In a suite of announcements that establish a pathway out of restrictions the NZ government is also providing up to $940 million per fortnight to …

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• 22 October 2021 2:31 am

  Lowe: Wages key to Australia’s inflation prospects

  

  “The RBA is closely watching a spike in inflation,” said the Reserve Bank of Australia Governor Philip Lowe while speaking before a conference hosted by the Universidad de Chile on early Friday morning.The policymaker has added that he did not think the rise would be sustained unless it led to …

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• 22 October 2021 2:05 am

  Evergrande’s Make or Break Weekend

  

  The giant Chinese real estate developer has become cash-strapped and now risks default if it fails to pay its gross debt.After Evergrande’s efforts to sell its stake of 50 per cent of EPS to rival Hopson Development had collapsed, depriving it of valuable cash to ease the pressure on its …

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• 22 October 2021 1:06 am

  GBP/USD reaches fresh monthly lows at 1.3776

  

  The US Dollar is firmly up on Thursday over the back of inflation-related concerns in addition to the decline of U. S. Initial Jobless Claims for the second week, at 290K. Meanwhile, the British pound has extended its slide below 1.3800 during the New York session, with losses at 0.26%, …

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• 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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