Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 16 September 2021 3:16 pm

  The Euro Fell to Weekly Lows

  

  EUR/USD is revisiting weekly lows at 1.1770 with selling bias around the Euro. No major support levels until 2021 lows of 1.1660. The euro currently trades at $1.1764. On the other hand, Deutsche Rohstof believes that the average price of the euro for 2022 will be $1.20, which is lower …

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• 16 September 2021 2:40 pm

  Gold is Falling With The Rise of The Dollar

  

  Gold prices fell, after the dollar’s rise affected the attractiveness of the precious metal to holders of other currencies, while investors are awaiting the US Central Bank meeting to know indications about the time frame to reduce the stimulus program and raise interest rates. Gold is a hedge against inflation …

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• 16 September 2021 1:51 pm

  Oil Retreats on The Decline of US Inventories

  

  Oil prices fell today, giving up some of yesterday’s big gains on the back of a larger-than-expected drop in US crude oil inventories. Brent crude was down 12 cents, or 0.2 percent, at $75.34 a barrel, after rising 2.5 percent in the previous session. West Texas Intermediate crude fell 14 …

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• 16 September 2021 1:11 pm

  European Shares Rise on Travel Rebound

  

  European shares rose today as a rebound in travel stocks and gains in Wall Street overnight helped ease concerns about a slowing Chinese economy that has dragged miners down. The pan-European Stoxx 600 index rose 0.6 percent after closing at a six-week low in the previous session. Travel and leisure …

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• 16 September 2021 12:31 pm

  Japan Shares Close Lower on Profit-Taking

  

  Japanese stocks closed lower for the second consecutive session on Thursday, as investors continued to book profits after the recent rally boosted by hopes of new political leadership. The Nikkei index fell 0.62 percent to close at 30,323.34 points, after rising about 0.36 percent earlier in the session. The broader …

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• 16 September 2021 2:55 am

  Euro closes higher on positive comments

  

  Euro benefited, Wednesday, from a boost due to the USD’s weakness after positive comments on inflation by the European Central Bank’s chief economist.Euro/USD rose to 1.1814 compared to 1.1804, on Tuesday. The pair fell to a trading day low of 1.1799 versus a high of 1.1832.“The pandemic emergency asset purchase …

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• 16 September 2021 1:30 am

  Led by Energy Shares, Canada’s Stocks Rebounds from 3-Week Low

  

  Canada’s main stock index rose on Wednesday as a direct impact of a jump in oil prices giving a boost to energy shares.Higher yields of the Canadian bonds still contribute to helping strengthen the country’s financials, including the stock market.The Toronto Stock Exchange’s S&P/TSX composite index ended up 140.54 points, …

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• 16 September 2021 1:14 am

  Canadian Dollar Beats G10 Peer Currencies

  

  The Canadian dollar strengthened, Wednesday, against the U.S. dollar as oil prices rose and domestic data showed inflation climbing to its highest level in 18 years. Broad U.S. dollar weakness prevails despite positive developments for the Canadian dollar, on the inflation front. Canada’s annual inflation rate climbed to 4.1% in …

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• 16 September 2021 1:13 am

  Bitcoin’s Historic Mining of 700,000th Block

  

  Bitcoin miners successfully mined the 700,000th block of the network, an achievement that is widely looked upon as a major historic milestone in September.Bitcoin’s circulating supply amounts to 18,816,787 BTC and currently trades at USD 48,009, in defiance of its critics with Block Height at around 1,276 transactions embedded within …

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• 15 September 2021 9:34 pm

  U. S. Prominent Businessman: Cash Is Trash, Governments Don’t Want Cryptocurrencies to Succeed

  

  U. S. prominent businessman Ray Dalio warned investors against too much dependence on cash. At the same time, he warned those who own some Bitcoin that they are encountering some danger, because governments could destroy the crypto market.“First, know cash is trash, so don’t keep it in cash,” Dalio, the …

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• 15 September 2021 7:49 pm

  Traders Await Speech ECB Lane On Inflation

  

  Traders and investors await the speech by European Central Bank’s Chief Economist Philip Lane, Wednesday, before the IMF webinar as the debate about inflation as well as its impact is still far from coming to an end. Markets have witnessed a significant relief in shares, equity and bond markets since …

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• 15 September 2021 6:21 pm

  Oil Prices Rise After US Inventories Fall

  

  Oil prices rose on Wednesday after data showed a larger-than-expected drop in crude stocks in the United States, the world’s largest fuel consumer, and amid expectations of a recovery in demand with the expansion of vaccinations. Brent crude rose $1.08, or 1.5 percent, to $74.68 by 1226 GMT, while US …

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• 15 September 2021 4:29 pm

  Gold is in a Narrow Range Near $ 1,800 Amid Uncertainty of Stimulus

  

  Gold prices held within a narrow range near the key $1800 level as lower US inflation data fueled doubts about the time frame for the Federal Reserve’s move to cut stimulus measures. Spot gold fell 0.2 percent to $1,800.3 an ounce by 0904 GMT, but was slightly below a week’s …

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