Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 27 October 2021 9:22 am

  Traders pronounce doubts on Bank of Canada’s rate hike schedule

  

  Investors await fiscal policy announcement, Wednesday, for clues that Canada’s central bank is turning more hawkish. Led by Governor Tiff Macklem, the Bank of Canada is expected on Wednesday to raise its inflation forecast and to largely end stimulus related bond buying program, starting a countdown of sorts to the …

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• 27 October 2021 8:42 am

  Market Drivers – U. S. Session 26-10-2021

  

  WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …

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• 27 October 2021 2:26 am

  Volatility raises investors’ concerns on energy and commodities

  

  Energy is currently the number one ranked U.S. sector in terms of risk adjustments due to steep rise that has occurred over September. Investors should be weary of the energy sector because although it is ranked first, it is highly volatile when it comes to investing in securities that experience …

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• 27 October 2021 1:52 am

  Long term Bitcoin holders continue maneuvering

  

  Bitcoin traded within a significantly tight range on Tuesday as extreme bullish sentiment appears to retreat. The cryptocurrency was trading at around $62,000 is roughly flat over the past 24 hours.The Bitcoin Fear & Greed Index is starting to decline from its highest level in more than seven months, and …

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• 27 October 2021 1:30 am

  October: Delta left behind and U. S. economy improves

  

  Americans welcome winter weather as temperatures drop, but the market is getting warmer and even hotter. The U. S. economy is boomed after the Delta wave had caused considerable recovery slowdown in August and September. October is witnessing progress on multiple fronts recording overall gains.Americans are spending more. Several signs …

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• 27 October 2021 12:06 am

  Forex market’s tensions accelerated by stances of central banks

  

  The U. S. dollar ended the trading session with mixed performance. It is particularly stronger against European rivals. EUR/USD pair is down to the lower end of its weekly range, trading in the 1.1590 price zone.GBP/USD settled around 1.3760. The pair received additional pressure from comments by European Commissioner for …

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• 26 October 2021 10:55 pm

  Treasury yields mixed ahead Fed’s meeting

  

  The U.S. Treasury yields were mixed on Tuesday as investors prepared to filter through a myriad of economic data releases ahead of next week’s Federal Reserve meeting. Yields on 2 to 7 year debt out recorded higher performance, meanwhile the 10-year yield swung between advances and declines and the 30-year …

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• 26 October 2021 10:35 pm

  WTI surges above $84.00 as USD reaps gains

  

  WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …

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• 26 October 2021 10:16 pm

  USD/CHF hovers around 0.9200 after failure at 0.9225

  

  The U. S. dollar has hesitated around 0.9200 on Tuesday. As the USD/CHF pair was able to rebound from 7 week lows at 0.9150, it found resistance at 0.9225 earlier today. As for the broader picture, the USD/CHF remains trapped within a clear downtrend from September highs at 0.9365. The …

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• 26 October 2021 9:38 pm

  Bank of Canada faces challenges on surging inflation

  

  The Bank of Canada will continue pulling back its stimulus that has been in place to support the economy at a policy decision this week, paving the way for the start of interest rate increases next year amid inflation concerns.Governor Tiff Macklem is expected to reduce weekly government bond purchases …

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• 26 October 2021 9:29 pm

  Eurozone banks raise bar for mortgages in Q3

  

  A European Central Bank survey showed on Tuesday that Eurozone banks tightened access to mortgages in the three months to September and expect to continue the same rule in the Q4 of 2021.ECB policymakers are set to take stock of the economic situation at a meeting on Thursday, paving the …

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• 26 October 2021 9:19 pm

  EU official: Brexit an economic catastrophe for UK

  

  European Commissioner for the Internal Market Thierry Breton said Tuesday that the decision to leave the European Union has resulted in an economic catastrophe for Britain. Breton‘s statements came during an interview with French broadcaster BFMTV.“Look at what’s going on with store shelves … with the restocking of fuel … …

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• 26 October 2021 8:25 pm

  Lockheed Martin shares surge by 11.4% amid supply chain issues

  

  Lockheed Martin shares surged by 11.4% Tuesday as the defense equipment manufacturer lowered its 2021 revenue guidance after supply chain issues kept its Q3 figures behind expectations.The maker of F-35 fighter jets cut its 2021 revenue expectation by 2.5%, to $67 billion, and said next year’s revenue could fall to …

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