Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 20 September 2021 10:56 pm

  China to implement RCEP’s trade pact on schedule

  

  China will take the necessary measures with all member states of the Regional Comprehensive Economic Partnership (RCEP) to implement and enforce the trade pact as scheduled.According to the Ministry of Commerce, this year marks the thirteenth anniversary of establishing dialogue relations between China and the Association of Southeast Asian Nations …

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• 20 September 2021 8:15 pm

  Global Market Selloff Infects Crypto

  

  Cryptocurrency prices dropped as a reaction to large selloff move because of worries about infection from China’s Evergrande Group swept all global markets. Bitcoin dropped as much as 10.7% to $42,522 in New York trading sessions, Sunday, reaching the lowest level since 1 August. The current point is also below …

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• 20 September 2021 8:14 pm

  Evergrande’s collapse will impact banks

  

  On Monday, Evergrande’s stock price fell 10.2% in Hong Kong, the latest blow impacting the Chinese property giant that has been on a downward curve for 8 months. Today’s selloff reflects growing concerns expressed by investors that Evergrande will default on part of its $300 billion debt this week—$120 million …

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• 20 September 2021 5:39 pm

  Bitcoin Loses About 9% of Its Value

  

  The price of Bitcoin fell sharply on Monday, September 20th, as investors began to dump risks amid a slump in global stock markets. The world’s most popular cryptocurrency tends to fall despite being considered safe haven by some, the growing reality is that its price tends to fall amid broader …

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• 20 September 2021 4:39 pm

  Gold Falls Before The Fed’s Decision

  

  Gold fell in Monday morning trading in Asia, hitting its lowest level in more than five weeks. Meanwhile, the dollar strengthened as investors waited for the latest policy decision from the Federal Reserve. Gold futures were also down 0.31% to $1,746.05, after reaching $1.741.8, its lowest since August 12, at …

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• 20 September 2021 3:53 pm

  The Turkish Lira Falls to Its Lowest Level

  

  The Turkish lira lost about 0.4% of its value against the dollar on Monday, September 20, and hit its lowest level since July 9, under pressure from the dollar’s rally ahead of the Turkish Central Bank’s meeting to set the interest rate this week. The lira fell to 8.6835 compared …

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• 20 September 2021 3:11 pm

  Dow Jones Futures Drop More Than 550 Points

  

  US stock futures posted big losses in early morning trading Monday, September 20 after the DOW JONES manufacturing index posted three consecutive weeks of losses for the first time since September 2020. DOW JONES futures fell more than 550 points early in the morning today, and S&P 500 and Nasdaq …

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• 20 September 2021 2:14 pm

  Canadian Federal Elections: 2019 Results Highly Expected

  

  On Monday, Canadians head to the polls to choose between the Liberals led by Prime Minister Justin Trudeau and the Conservative Party led by Erin O’Toole. Direct voting between the two parties is volatile. Still, a repeat of 2019 is likely when the Liberals lost the parliamentary majority and the …

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• 20 September 2021 1:25 pm

  Oil is Falling on The Increase in US Drilling Rigs

  

  Oil prices fell on Monday, September 20, extending losses from last week, after the US dollar jumped to a three-week high and the number of US drilling rigs increased, even though nearly a quarter of US production in the Gulf of Mexico remained shut down after two hurricanes. Brent crude …

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• 20 September 2021 12:39 pm

  European Shares Fall 1% Amid Fears of Global Growth

  

  European shares fell 1% to their lowest level in nearly two months on Monday, September 20, tracking the impact of the decline in Asian shares, as investors fear that major central banks will begin to express indications about reducing their stimulus programs with the start of the pandemic when they …

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• 20 September 2021 4:07 am

  Weekly Recap: 12-17 Sept

  

  Wall Street US stocks closed significantly lower in a broad sell-off Friday, September 17, at the end of a week a busy week with economic data, fears of an increase in corporate taxes, the mutated delta strain of the Coronavirus, and possible shifts in the schedule for the US Federal …

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• 18 September 2021 3:26 am

  U.S. Treasuries yields rise, Investors await Fed hints on taper timeline

  

  U.S. government bond yields have surged on Friday, with the 10-year bill yield approaching a two month high, touching 1.3855%, its highest level since 2011 and was set for a fourth consecutive week of increases, the longest such successive band since March.Traders look forward to a busy week of Central …

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• 18 September 2021 3:24 am

  Why gold mining stocks trade at yearly lows today

  

  The latest strength of the USD and the rising Treasury yields have served as main series catalysts for gold mining stocks. Now, Gold is testing the support level at USD 1750. The U.S. Dollar Index, which measures the strength of the U.S. dollar against a broad basket of currencies, is …

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