Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 8 September 2021 2:31 am

  EUR/USD Finishes Lower for the Second Day

  

  The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), for the second consecutive session. The EUR/USD pair lost 0.24% to reach 1.1843. The pair marked its worst daily performance since August 19, a day after its first loss since August 26. It is worth noting that the …

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• 8 September 2021 2:21 am

  Cryptocurrencies Rebound by Limiting Losses

  

  Cryptocurrencies managed to reduce their losses on Tuesday, after sharp declines earlier in the session. Bitcoin, the world’s largest crypto and digital currency in terms of market capitalization, is currently down by about 10.8% at $46,642, after plunging earlier today below $43,000. Bitcoin recently stagnated and couldn’t strongly break above …

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• 8 September 2021 1:59 am

  Oil Closes at Lowest Level Month-to-Date

  

  Oil prices declined on Tuesday, to finish near their lowest level in about a week, with the U.S. Dollar (USD) rising across the board and mixed expectations for economic data and recovery indicators. The spread of the coronavirus Delta variant, as well as production disruptions caused by Hurricane Ida, continue …

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• 8 September 2021 12:07 am

  Gold Scores Largest Decline in a Month

  

  Gold prices declined on Tuesday, amid anticipation for major economic data, subsequent monetary policy adjustments, and a strong performance by the U.S. Dollar (USD) against major peers. Gold futures lost $35, or 1.91%, to finish at $1795.90 per ounce, giving up the $1,800 level. This is the lowest closing level …

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• 8 September 2021 12:01 am

  European Stocks Down Ahead of ECB Meeting

  

  Europe’s stocks markets declined on Tuesday, with investors anticipating Thursday’s meeting and rate decision by the European Central Bank (ECB). Today, the STOXX Europe 600 Index finished lower by 2.32 points or 0.49% at 472.87. The German DAX lost 89.03 points or 0.56%, its worst decline since August 19, closing …

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• 7 September 2021 6:11 pm

  U.S. Major Indices Open Modestly Lower after Labor Day

  

  The US stock market opened modestly lower after the Labor Day holiday on Monday.   US major indices opened modestly lower at the start of the North American session on Tuesday. The S&P 500 index was lower by 2.5 points at 4524, while Dow Jones was down by 26.5 points at …

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• 7 September 2021 5:25 pm

  German ZEW Economic Sentiment Index Drops to 26.5 in September

  

  Investor sentiment in Germany fell for the fourth consecutive month in September, a survey showed, as investors expected scarcity of raw materials to slow the recovery in Europe’s largest economy. German ZEW Economic Sentiment fell to 26.5 from 40.4 in August. A Reuters poll had forecast a decline to 30.0. …

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• 7 September 2021 4:30 pm

  Bitcoin Down 4%, Ethereum Down 6%

  

  Cryptocurrency sell-off widened Tuesday, September 7, while Bitcoin shed nearly 4% while its smaller rival, Ethereum, shed more than 6%. Bitcoin, the world’s largest and most popular cryptocurrency, fell 4% to $50,516, after rising to its highest level since mid-May above $52,000 earlier, in Asian trading. Ethereum fell more than …

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• 7 September 2021 3:40 pm

  German Investor Sentiment Falls

  

  A survey showed that investor sentiment in Germany fell for the fourth consecutive month in September, with investors expecting a scarcity of raw materials and a shortage of chips to slow the recovery in Europe’s largest economy. The ZEW Institute for Economic Research said its survey of investor sentiment fell …

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• 7 September 2021 2:43 pm

  German Industrial Production Recovery Suggests Bottlenecks Are Easing

  

  German industrial production rose more than expected in July after a three-month decline, data showed, in a sign that factories were overcoming supply bottlenecks that slowed the recovery of Europe’s largest economy. The Federal Statistics Office said industrial production, which includes the construction and energy sectors, increased 1% month-on-month, after …

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• 7 September 2021 1:30 pm

  All Eyes on ECB With PEPP Tapering Expected in Q4

  

  The European Central Bank’s Governing Council will meet this week to decide on the level of PEPP purchases; analysts expect a reduction after two-quarters of higher purchases. the amount will remain undetermined, but monthly purchases may be reduced to 60 billion euros from the current 80 billion euros. Statements made …

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• 7 September 2021 12:37 pm

  Currencies Overview: The Dollar Finds Support as Traders Look Forward to The European Central Meeting

  The dollar found support on Tuesday, September 7th, as investors awaited the European Central Bank meeting and US data to learn about policy expectations, while the Australian dollar rose briefly after the Reserve Bank of Australia stuck to its plans to reduce bond purchases. The US currency curbed the euro …

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• 7 September 2021 11:40 am

  Bigger-Than-Expected Growth in Chinese Exports in August Boosts Economy

  

  China’s exports grew faster than expected in August thanks to strong global demand, relieving some pressure on the world’s second-largest economy as it tries to overcome many problems on several fronts. The Asian giant made a strong recovery from the repercussions of the Coronavirus, but the economic momentum has weakened …

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