Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 13 October 2021 8:42 pm

  BoE: Crypto growth could create risk

  

  Cryptocurrency market is double the size of the sub-prime debt in the U.S. on the eve of the financial crisis posing a threat unless urgently regulated according to the Bank of England.Crypto assets are worth $2.3 trillion, about 200% more than at the start of 2021. While that represents a …

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• 13 October 2021 8:00 pm

  U.K. disposable incomes dropping

  

  U.K. disposable incomes are set for their biggest drop in a decade next year as rising inflation, tax hikes and tighter monetary and fiscal policy put the squeeze on consumers, according to Credit Suisse.The bank predicts a 1.5% drop in real disposable incomes in 2022, the biggest fall since the …

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• 13 October 2021 7:48 pm

  Chinese real estate sector suffers fresh downgrades

  

  The deep crisis of Chinese Evergrande Group and major home builders drove debt market risk premiums on weaker Chinese firms to a record high on Wednesday triggering new credit rating downgrades.Evergrande missed its third round of interest payments on its international bonds this week, and other firms have also warned …

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• 13 October 2021 7:24 pm

  What inflation and CPI surge means for Tapering

  

  Inflation in the U.S. accelerated moderately in September with the consumer-price index CPI up 0.4% in September from August, and 5.4% on an annual basis, the Bureau of Labor Statistics said Wednesday. The CPI was up 0.3% in the month of August.U. S. inflation isn’t going away and that means …

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• 13 October 2021 7:06 pm

  IMF warns of crypto impact

  

  The International Monetary Fund (IMF) has issued a warning about the growing risks in the expanding cryptocurrency space, including fraud, excess speculation and potential “runs” on seemingly more stable assets, in a report on Tuesday.Crypto in all its forms has been spreading around the globe. Nearly half of the world’s …

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• 13 October 2021 6:14 pm

  Market Drivers – European Session 13-10-2021

  

  During the European session today, the Chinese yuan rose to 6.44 against the US dollar, approaching a two-week high of 6.43 touched earlier in October. Investors cheered strong Chinese trade data showing that exports and imports continued to rise at robust rates in September, both of which set records. On …

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• 13 October 2021 5:30 pm

  The U.S. Annual CPI Inflation Edges Higher to 5.4% in September

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 5.4% on a yearly basis in September from 5.3% in August, the US Bureau of Labor Statistics figures showed on Wednesday. This reading came in line with analysts’ expectations. The CPI edged higher to 0.4% from …

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• 13 October 2021 5:17 pm

  FOMC Minutes Preview: Fed to Reiterate Taper Message Despite Weak NFP

  

  “All but met,” is the sentence Fed Chair Jerome Powell said about the plan to taper, but the weak NFP numbers may derail the bank from its plan to taper sooner. On Tuesday, three U.S. Federal Reserve policymakers said the economy had recovered enough to begin tapering, reinforcing expectations that …

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• 13 October 2021 4:28 pm

  U.S. Natural Gas Contracts Trim Their Gains After Rising 3%

  

  The U.S. contracts for natural gas fell during Wednesday’s trading, after rising 3% yesterday, supported by expectations that cold weather will prevail more than expectations and increased demand. There are fears of an energy crisis in Europe, as analysts have indicated that natural gas stocks are about 15% less than …

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• 13 October 2021 3:52 pm

  OPEC Revises 2021 Oil Demand Growth Forecast

  

  In its monthly report published on Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) announced that it lowered the 2021 oil demand growth forecast to 5.82 million (bpd) from 5.96 million bpd, per Reuters. Raising expectations of non-OPEC supply growth by 100,000 barrels per day in 2022 Maintaining the …

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• 13 October 2021 3:06 pm

  China’s Trade Surplus With The U.S. Rises to a Record Monthly Level

  

  China’s import data in September posted disappointing growth, while exports beat expectations, according to data released Wednesday by the customs agency. Imports in US dollars rose 17.6 percent last month from a year ago to $240 billion, less than 20 percent estimated by analysts polled by Reuters. Exports in US …

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• 13 October 2021 2:25 pm

  Britain’s Economic Growth Returns in August

  

  Britain’s economy returned to growth in August after contracting for the first time in six months in July, keeping bets in the financial market that the Bank of England will start raising interest rates before the end of the year. The gross domestic product grew 0.4% in August, slightly less …

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• 13 October 2021 1:47 pm

  Market Drivers – Asian Session 13/10/2021

  

  There were no strong moves during the Asian trading on Wednesday, while Asian stocks were still looking for direction. The Nikkei 225 index briefly rose, but quickly retreated and gave up its gains, losing 90 points, or 0.32%, to close at 28,140 on Wednesday. Investors are awaiting US inflation data …

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