Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 3 September 2021 2:09 pm

  Weak Dollar Supports Gold Ahead of US Jobs Data

  

  Gold prices rose on Friday, supported by a weak dollar, as investors awaited US jobs data to learn about the Federal Reserve’s plans to start reducing asset purchases. Gold rose in spot transactions 0.2% to $ 1812.97 an ounce by 0641 GMT, and it fell 0.2% for the week. US …

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• 3 September 2021 1:30 pm

  European shares Fall Before US PMI And NFP

  

  European shares fell on Friday, ahead of US employment data that could affect the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth took a toll on sentiment. The pan-European Stoxx 600 index fell 0.2% but was on track for limited weekly gains. Banks and financial services stocks, …

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• 3 September 2021 12:42 pm

  Japan Shares Reach 3-Decade High as PM Announces Stepping Down

  

  Japanese stocks rose, while the broad Topix index reached its highest level in more than 30 years, after Prime Minister Yoshihide Suga tendered his resignation, paving the way for a new government that could help the ruling coalition win the upcoming elections. The Nikkei index rose 2.04% to 29,128.11 points, …

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• 3 September 2021 3:02 am

  Federal Reserve Decision Gives Extra Importance for August Jobs Numbers

  

  Markets are anticipating the release of August’s employment data in the United States on Friday, with expectations that it will show yet another improvement in the jobs market. A recent survey by WSJ shows that nonfarm payrolls (NFP) increased by 720,000, after a rise of 943,000 in July, with the …

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• 3 September 2021 2:35 am

  European Union Fines on WhatsApp

  

  The European Union has decided to impose a EUR 225 million fine on WhatsApp, the messaging application owned by Facebook, due to breaching data protection rules. The EU Data Protection Commission in Ireland decided to impose the fine and require that WhatsApp changes how it explains terms, conditions, and privacy …

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• 3 September 2021 2:20 am

  Canada Records Surplus with Record High Trade Levels

  

  Canada registered a trade surplus in July with both imports and exports hitting new record high levels, according to the most recent data. The trade surplus reached CAD 778 million, with exports rising 0.6% and imports surging by 4.2%, as per Statistics Canada. June’s reading was revised to show a …

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• 3 September 2021 2:00 am

  U.S. Treasury Bond Yields Edge Lower

  

  U.S. Treasury bond yields declined slightly on Thursday, with investors anticipating the jobs report and other major economic data. The benchmark 10-year Treasury bond yields eased to about 1.29% down from 1.301% on Wednesday. Meanwhile, the 30-year Treasury bond yield went near 1.905%, down from 1.919%. The return on the …

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• 3 September 2021 1:35 am

  Oil Finishes Higher amid Hurricane Ida

  

  Oil prices rose on Thursday, with the recent decision and market forecasts by the OPEC+ sinking in and being properly digested by investors with the focus tilting towards coming economic data. In addition, Hurricane Ida are impacting crude oil and fuels supply chain in North America. Brent crude futures for …

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• 3 September 2021 12:45 am

  Gold Closes Lower for Second Session in Row

  

  Gold prices declined on Thursday, for the second consecutive session despite the U.S. Dollar (USD) and Treasury bond yields decreasing, falling for the third time this week. The yellow metal front-month futures lost $4.40 or 0.24% to finish at $1808.70 per ounce. This is the lowest closing level for gold …

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• 2 September 2021 8:35 pm

  U.S. Factory Orders Rise 0.4%

  

  Factory orders in the United States increased by 0.4% in July, data by the U.S. Department of Commerce showed on Thursday. Meanwhile, orders for durable goods decreased by 0.1%, while nondurable goods orders leveled up by 0.9%. Orders for capital goods, excluding aircraft and military items, increased by 0.1%.

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• 2 September 2021 8:14 pm

  U.S. Gas Inventories Down 20 BCF in Week – EIA

  

  U.S. natural gas supplies increased by 20 billion cubic feet (bcf) last week, according to data released by the United States Energy Information Administration reported (EIA) on Thursday. Gas supplies are down by 579 bcf compared with the same time in 2020, and 222 bcf below the five-year average of …

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• 2 September 2021 7:57 pm

  Canada’s Building Permits Down 3.9% in July

  

  Canadian building permits declined in July by 3.9%, data by Statistics Canada showed on Thursday. The total value of building permits amounted to CAD 9.9 billion, rising by 21.8% on an annual basis. The reading comes against market expectations, after a 7.2% increase in June.

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• 2 September 2021 5:44 pm

  US: Weekly Initial Jobless Claims Decline to 340K

  

  There were 340,000 initial claims for unemployment benefits in the US during the week ending August 28, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 354,000 (revised from 353,000) and came in slightly better than the market expectation …

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