Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 4 October 2021 8:54 pm

  Japan’s new PM seeks new mandate to handle recovery

  

  Newly elected Japanese Prime Minister Fumio Kishida said Monday he will dissolve the lower house next week in preparation for 31 October elections as he seeks a fresh mandate to deal with the coronavirus pandemic, the sagging economy and security threats from China and North Korea. Kishida was formally elected …

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• 4 October 2021 8:08 pm

  U.S. factory orders reaped new gains in August

  

  New orders for U.S. made goods accelerated in August, signaling sustained strength in manufacturing even though economic growth appeared to have slowed during the third quarter of 2021 because of shortages of raw materials and labor.“Factory orders increased 1.2% in August. Data for July was revised higher to show orders …

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• 4 October 2021 7:30 pm

  Canada’s building permits fell 2.1% in August

  

  Canada’s building permits fell by 2.1% in August, driven by a significant drop in residential construction intentions in Ontario and British Columbia.The total value of building permits in August declined 2.1% on a month over month basis to a seasonally adjusted 9.66 billion Canadian dollars, or the equivalent of $7.64. …

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• 4 October 2021 7:22 pm

  Canadian dollar climbs to 4 week high as oil jumps

  

  The Canadian dollar strengthens 0.7% against the U. S. counterpart. The Canadian currency has touched its strongest level since 7 September 1.2561 as U.S. oil price has climbed by 3% and the Canadian bond yields rise across a steeper curve. The Canadian dollar on Monday strengthened to its highest level …

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• 4 October 2021 5:22 pm

  The Dow Jones Down More Than 100 Points in Pre-Opening Trading

  

  US stock futures fell on Monday as investors prepared for the first full week of October trading, Dow futures fell 124 points or 0.4%, S&P 500 futures fell 0.4% and Nasdaq 100 futures lost 0.5%. Technology stocks including Nvidia and Zoom Video are down slightly in pre-market trading as investors …

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• 4 October 2021 4:33 pm

  US Bond Yields Stabilize Below Their High Levels

  

  The yield on the benchmark 10-year Treasury was at 1.49% in the first full trading week of October, below a 3-month high of 1.56% last week, as traders continue to digest the prospects for an early Fed tightening despite ongoing inflationary pressure. Last week, Fed Chair Powell said at the …

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• 4 October 2021 3:06 pm

  Gold Falls as The Dollar’s Bleeding Stops

  

  Gold retreated from its highest level in more than a week on Monday, October 4, as US Treasury yields rose and the dollar compensated for some of its losses, but it remained above the technically important $1750 support level, supported by market fears of inflation. Spot gold fell 0.5% to …

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• 4 October 2021 2:07 pm

  Eurozone Investor Sentiment Drops to a Six-Month Low

  

  A survey showed on Monday, October 4th, that investor sentiment in the eurozone fell for the third consecutive month in October and reached its lowest level since April amid a lackluster economic outlook. The Sentix index for the eurozone fell to 16.9 from 19.6 in September. A Reuters survey had …

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• 4 October 2021 1:31 pm

  Turkish Inflation Rises to The Highest Level Since March 2019 in September

  

  Data showed Monday, October 4, that Turkey’s inflation rose slightly less than expected to 19.58% y/y in September from 19.25% in August, the highest level since March 2019, taking real yields further into losses after the central bank cut interest rates. to 18%. On a monthly basis, the Turkish Statistical …

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• 4 October 2021 12:45 pm

  Sources to Reuters: Expectations That OPEC+ Will Keep Production Policy Unchanged

  

  OPEC+ sources told Reuters that it is likely that OPEC and its allies will stick to their current agreement to add 400,000 barrels per day of oil to the market in November, despite pressure from consumers to calm a market witnessing heavy demand for oil. Ministers of the Organization of …

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• 2 October 2021 2:38 am

  Fed’s Kashkari watching inflation, QE and Governance Impact

  

  Unemployment data still irritate the U. S. economy as Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said that he is watching the labor market for signs of when millions of workers who were forced to leave their jobs during the pandemic will return. Kashkari said that he …

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• 2 October 2021 1:51 am

  Stagflation risk is back impacting gold price’s reactions

  

  As the looming energy crisis stirs up old inflation fears, stagflation risk is back in the market, carrying some good news for gold, which proved this week that there is strong buying interest below the USD 1,750 per ounce level, according to analysts.After falling towards USD 1,720 per ounce mid …

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• 2 October 2021 12:55 am

  Whales on Binance may be behind Bitcoin’s jump

  

  Since U.S. markets opened on Friday, bitcoin price has risen by nearly 10%. A popular indicator used by bitcoin traders may explain the increase.What is obvious is that this buying did not come from U.S. investors. The demand for bitcoin is likely from Chinese or non-U.S. investors.While Coinbase is more …

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