Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 28 September 2021 12:54 am

  Powell to Senate: Reopening economic bottlenecks could be more enduring

  

  Fed chair Jerome Powell will say in remarks prepared for delivery before the Senate banking committee on Tuesday that “If sustained higher inflation were to become a serious concern, we would certainly respond and use our tools to ensure that inflation runs at levels that are consistent with our goal”, …

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• 28 September 2021 12:38 am

  Week begins in slow motion as investors await a new catalyst

  

  USD/JPY trades above the 111.00 level as the trading week started in slow motion, with the U. S. dollar edging diffidently lower against high-yielding rivals, but up roaring vs the JPY. The Japanese currency was hit by higher US Treasury yields on the 10-year note’s surge to 1.51%, its highest …

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• 28 September 2021 12:14 am

  Gold futures count a second straight gain

  

  With a small gain, gold futures settled on Monday, as Treasury yields eased back from their highest levels during the trading session.Bearish elements, such as the hawkish comments from the Federal Reserve last week and expectations for interest rate hikes, have been a prevalent factor governing the market’s sentiment.Investors do …

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• 27 September 2021 11:52 pm

  Why are Microsoft shares falling?

  

  MSFT shares are trading lower by 1.9% at USD 293.67 amid general market weakness as technology and growth stocks dip on a rise in the 10-year treasury yield.Microsoft develops and licenses consumer and enterprise software and is known for its Windows operating systems and Office productivity suite. Microsoft has a …

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• 27 September 2021 11:30 pm

  Fed official signals economy is strong enough for taper launch

  

  A senior official of the Federal Reserve, John Williams, signalled the US economy is strong enough for the central bank to consider reducing the massive recovery-related bond-buying program soon, but he urged the adoption of sufficiently patient approach to raising interest rates.Williams, the president of the New York Fed, acknowledged …

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• 27 September 2021 10:41 pm

  Chinese and American challenges could put global economy at risk

  

  U.S. and global economies are in good shape after bouncing back from the downturn caused by the pandemic. Growth may not be quite as explosive as previously expected. The Organization for Economic Cooperation and Development lowered its projection for global economic growth in 2022 from 5.7 percent to 4.5 percent …

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• 27 September 2021 10:15 pm

  BoE’s Andrew Bailey assessing forces impacting monetary policy (Full text)

  

  I am going to speak this evening about the state of the economy and about monetary policy as the recovery from Covid unfolds. The title of this speech, The Hard Yards, is I think a saying that originated in sailing, though I associate it more with forward play in rugby. …

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• 27 September 2021 10:07 pm

  BoE: Unwinding of stimulus should be enacted by increase in bank rate

  

  Bank of England’s Governor Andrew Bailey said some MPC members put more emphasis on the continuing shortfall in the level of GDP relative to pre-Covid whereas others emphasized the continuing direction of travel towards closing that gap and the evidence of cost pressures accompanying the closing.“All of this group were …

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• 27 September 2021 9:22 pm

  U.S. Dollar rises over higher Treasury yields

  

  The U.S. dollar has gained for a second straight session on Monday, bolstered by the rise in Treasury yields. The U. S. dollar’s latest move is ahead of announcements by Federal Reserve speakers this week, which could support expectations of the start of asset purchase tapering before the end of …

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• 27 September 2021 8:28 pm

  Dallas Fed Manufacturing Index drops to 4.6

  

  US Dallas Fed Manufacturing Business Index decreases to 4.6 in September from 9.The general business activity index remained in positive ground in September at 4.6 below the reading of 9 of the previous month.The report said that Texas factory activity continued to increase in September, according to business executives responding …

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• 27 September 2021 8:20 pm

  U.S. core capital goods orders rose steadily in August

  

  New orders for key U.S.-made capital goods steadily increased in August. Business related spending is thus kept on track for another quarter of strong growth.“Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.5% last month. These so-called core capital goods orders gained …

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• 27 September 2021 8:08 pm

  World shares rise over sharp gains in energy stocks

  

  World shares rose on Monday, led by sharp gains in energy shares. Traders seized the opportunity of crude oil prices soaring to three-year highs of almost USD 80 per barrel.European stocks firmed after Germany’s election results have indicated potential chances of forming left-wing coalition. German shares jumped 1.1 per cent, …

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• 27 September 2021 7:49 pm

  Will power crunch be next economic shock after Evergrande?

  

  Chinese factories across the country are ordered either to curb their activity or, in some instances, shut altogether, as Beijing’s green goals coincide with surging energy prices. The first targets include giant manufacturers across important industries such as aluminum smelters to textiles producers and soybean processing plants. China may be …

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