Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 24 September 2021 9:55 pm

  U.S. August’s new home sales beat expectations

  

  Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled temporary buying frenzy.Sales increased in August even as sales of existing homes fell. It could be a sign that buyers are turning to newly constructed …

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• 24 September 2021 9:08 pm

  Stocks slip after S&P 500’s best day since July

  

  Stocks declined and gains stopped after equities’ best day since July, with some volatility returning to markets as regulators’ concerns rose in China at least temporarily counterbalance optimism over the U.S. economic recovery.The S&P 500 Index fluctuated between small gains and losses. A day earlier, stocks posted a back-to-back session …

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• 24 September 2021 8:56 pm

  Powell: Economy Is Adjusting to Demands of a ‘New Reality’

  

  Federal Reserve Chair Jerome Powell said the U.S. economy is experiencing “fundamental shifts” as people and businesses pivot to “meet the demands of a new reality.”Powell made the remarks Friday in a brief opening statement to a Fed Listens event. He didn’t comment on monetary policy or the economic outlook …

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• 24 September 2021 8:51 pm

  Fed’s Powell says coronavirus recession with no precedent

  

  Federal Reserve Chairman Jerome Powell views the pandemic-induced recession as one of the sharpest and shortest downturns in history. Powell also indicated that the subsequent recovery is unprecedented.Speaking to representatives from a range of sectors, Powell acknowledged the various disruptions that COVID-19 has caused for businesses over the past 18 …

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• 24 September 2021 8:03 pm

  Ten-year Treasury yield touches 1.45% amid parade of Fed speakers

  

  The 10-year Treasury yield have touched 1.45% on Friday to hit its highest level since July as investors continued to react to the Federal Reserve’s policy two days ago. Bond investors were particularly interested in the signal by the central bank that the tapering of $120 billion of monthly bond …

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• 24 September 2021 7:48 pm

  Fed’s George: We are forecasting in a bit of a fog

  

  Kansas City Fed President Esther George said that the U.S. job market has already met the Federal Reserve’s benchmark test sufficiently to decrease its monthly bond purchasesزGeorge mentioned that the central bank should now turn to discussion of how its massive bondholdings may add complication to its eventual decision about …

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• 24 September 2021 7:23 pm

  USD climbs as uncertainty over Evergrande swirls

  

  The U. S. dollar was on track for its biggest daily percentage gain against a basket of major currencies in a week during Friday’s sessions.Uncertainty over stressed Chinese Evergrande Group helped the USD bounce back from a sharp decline in the prior session. Evergrande owes $305 billion but has run …

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• 24 September 2021 7:19 pm

  Live Stream: FOMC Chairman Jerome Powell Speaks at Fed Listens

  

  https://youtu.be/kB3vK5-Dzlw

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• 24 September 2021 4:57 pm

  Citibank Predicts The Collapse of The Real Estate Sector in China

  

  Experts at Citibank said Friday that the Chinese real estate market is expected to witness a strong downturn, regardless of what happens in the crisis of Evergrande, one of the largest real estate developers in China. Experts at Citibank added that the real estate sector will face downward pressure, despite …

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• 24 September 2021 4:20 pm

  The Evergrande Crisis Boosts Gold Amid USD Decline

  

  Gold compensated some of its losses after declining 1% in the previous session, supported by the weakness of the dollar and the return of concerns about the fate of the Chinese company Evergrande to the fore, which strengthened the position of the yellow metal as a safe haven. And gold …

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• 24 September 2021 2:37 pm

  European Shares Fall as Concerns Grow Over Evergrande

  

  European shares fell at the open, as concerns persisted over troubled Chinese real estate developer Evergrande, and China-exposed mining and retail stocks were among the biggest losers. The pan-European Stoxx 600 index fell 0.5%, after three days of gains. Mining, auto and retail stocks fell more than 1 percent. Investors …

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• 24 September 2021 1:50 pm

  Turkish Lira Near All-Time Lows After Interest Rate Cut

  

  The Turkish lira approached an all-time low on Friday as foreign investors flocked out, but bargain hunting in the local market limited losses, a day after the central bank’s unexpected decision to cut interest rates while providing a little indication of how far it could fall. The lira, which has …

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• 24 September 2021 1:12 pm

  Japan Shares Jump With The Support of The Financial Sector

  

  Japan’s shares jumped, in the last sessions of the week, supported by shares related to the economic cycle, due to hopes of achieving economic recovery, while investors expressed optimism that the repercussions of the debt crisis of China’s Evergrande Group would not affect the rest of the markets. The Nikkei …

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