Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 27 September 2021 5:38 pm

  US: Durable Goods Orders Rose 1.8% in August

  

  According to the data published by the US Census Bureau revealed this Monday, Durable Goods Orders in the United States increased by 0.7% in August. This reading was well above market expectations pointing to a 0.5% growth and also marked a notable rebound from the previous month’s reading of -0.1%. …

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• 27 September 2021 4:14 pm

  US Bond Yields and The Rise of USD Curb Gold

  

  Gold prices fell on Monday, September 27, due to the rise in US bond yields and the rise of the dollar, while investors awaited statements by policymakers at the US Federal Reserve in search of indications of when to reduce the fiscal stimulus measures taken to mitigate the consequences of …

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• 27 September 2021 2:19 pm

  Brent Near $80 Amid Supply Concerns

  

  Oil prices rose on Monday for the fifth day in a row, and Brent reached its highest level since October 2018 and is heading towards $ 80 a barrel, amid concerns about supply at a time when demand is increasing in some regions of the world with the easing of …

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• 27 September 2021 1:24 pm

  Japan Shares Give Up Early Gains on Profit-Taking

  

  Japanese stocks closed slightly lower Monday, September 27, giving up early gains, led by cyclical stocks, as investors booked profits after a sharp rally this month, while caution also prevailed ahead of a change in the country’s political leadership. Nikkei fell by 0.03% to close at 30240.06 points, after rising …

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• 27 September 2021 12:39 pm

  Pfizer CEO Indicates That Life Will Return to Normal Within a Year

  

  The CEO of the American pharmaceutical company, Pfizer, Albert Borla, indicated that normal life will return again within a year, but it is likely that it will be necessary to receive an annual dose of Corona vaccines, noting that his company is preparing within days to submit an application for …

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• 27 September 2021 4:42 am

  Weekly Recap: 20-24 Sept

  

  The Federal Reserve left rates unchanged after the end of the monthly meeting of the FOMC and stated that if progress in the economy continues as expected, we may see the start of reducing purchases sooner, as some members of the committee indicated that interest rates may rise soon after …

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• 25 September 2021 3:37 am

  Can Bitcoin bounce back after China’s ban?

  

  China took its strongest action so far against cryptocurrencies; and according to the PBOC, Bitcoin, ether and tether are not legal and should not and cannot be used as currency in the market because they’re issued by non-monetary authorities and use encryption technology.But the government didn’t ban possession of cryptocurrencies, …

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• 25 September 2021 2:05 am

  Will real gold price test come next week?

  

  The gold market will have to encounter a real test next week, as holding the $1,700 per ounce level. This will be critical for the precious metal, which has stayed largely above that level since the beginning of 2021 till date.Even with China’s Evergrande fears worrying the markets, gold failed …

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• 25 September 2021 1:30 am

  Dow gains as Pelosi’s hints on spending bill changes

  

  The Dow Jones Industrial Average has achieved a significant high amid prevalent weakness as House Speaker Nancy Pelosi hinted at changes as she moved to push ahead with debatable spending bills.The Dow Jones Industrial Average was just about positive, though it closed with a gain of less than 0.1%.Pelosi told …

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• 25 September 2021 12:13 am

  Oil hits highest level as supply tightens

  

  Brent has closed at highest since October 2018, driving NY ULSD futures to hit their highest up in almost three yearsU.S. oil/gas rig count has also risen for 14th month according to Baker Hughes, so, for a third successive week, oil prices have risen to a near three-year high on …

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• 24 September 2021 11:59 pm

  USD/CAD struggles at 1.2700

  

  Market sentiment dampened the appetite for high beta currencies like the Canadian dollar, so, the USD/CAD pair has dropped 40-pips on the back of the climb to new monthly highs recorded by West Texas Intermediate crude oil.In the next week, the Canadian GDP report will be the major focus of …

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• 24 September 2021 11:43 pm

  Closing prices of gold, crude oil and other commodities

  

  The U. S. dollar rose to 110.79 Japanese yen from 110.24 yen. The euro fell to USD 1.1716 from USD 1.1747.U.S. crude oil for November delivery rose 68 cents to USD 73.98 per barrel on Friday. Brent crude oil for November delivery rose 84 cents to USD 78.09 per barrel.Wholesale …

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• 24 September 2021 11:26 pm

  China: All Cryptocurrencies, including Bitcoin, illegal

  

  China’s central bank declared all transactions involving Bitcoin and other virtual currencies illegal on Friday, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the government issued a reminder this year.That reflected official concern cryptocurrency mining and trading …

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