Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 12 October 2021 1:05 am

  Gold markets go back and forth on Monday

  

  Gold prices have gone back and forth during Monday’s trading session, and continued to hang out above the $1750 level.Investors continue to pay close attention to interest rates in the U. S, as they will have a massive influence on what happens next.A breakdown below the $1750 level could send …

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• 12 October 2021 12:17 am

  U.S. material and energy stocks rose over oil prices surge

  

  Oil prices surged on Monday to significant highs, the move is boosting U.S. materials and energy stocks, but concerns that rising prices would worsen supply chain caused Wall Street to give up early gains.U.S. crude jumped 2.5% to $81.31 per barrel, a level not seen since late 2014, and Brent …

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• 11 October 2021 11:53 pm

  Investors still digest USD’s performance after NFP report

  

  The US dollar has significantly surged during the course of the trading session on Monday to start the week and slice through the ¥112.50 level.The dollar ticked up to a 2-1/2-year high versus the yen on Monday after a soft U.S. payrolls figure did little to alter market expectations that …

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• 11 October 2021 10:46 pm

  Rising tensions, rate cut drag Turkish lira to record low

  

  Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, adding to bearish momentum on the lira since the central bank unexpectedly cut interest rates in September. In addition, the latest statements by President Erdogan concerning the elimination of threats from …

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• 11 October 2021 10:10 pm

  White House stands by calls for OPEC+ to do more on oil prices

  

  The U. S. supports calls for OPEC+ to do more to manage the economic recovery worldwide, a White House official said on Monday, as crude prices hit multi-year peaks. The official noted that Biden’s administration is closely monitoring the cost of oil and gasoline and using every tool to address …

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• 11 October 2021 9:35 pm

  U. S. stocks rise on Big Tech strength

  

  U.S. stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation concerns in the run up to third-quarter earnings reports from later this week.The S&P 500 financial sector index rose 0.7%, while banks added 0.6% ahead of earnings reports from JPMorgan Chase & Co and Bank …

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• 11 October 2021 9:09 pm

  Cautions raised on Facebook’s move into finance

  

  Agustín Carstens, general manager for the Bank of International Settlements (BIS) warned of Big Tech’s increasing reach into financial servicesCarstens said that Big Tech needs monitoring as it broadens its scope of services into credit and beyond. He added that Facebook’s Diem, in particular, needs scrutiny.Carstens delivered his remarks as …

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• 11 October 2021 8:20 pm

  AUD/USD jumps to new highs at 0.7370

  

  The Australian dollar has rallied about 0.9% so far today and is on track to close its best daily performance over the last months. The pair accelerated its uptrend, after breaking above the 0.7330 resistance area, to reach 0.7370 for the first time since mid-September.Australian dollar’s appreciation has been underpinned …

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• 11 October 2021 7:52 pm

  ECB’s Lane: One-Off Wage Rise Not Sign of Sustained Inflation

  

  A one-off shift in workers’ pay in response to recent price spikes wouldn’t be a sign of sustainably higher inflation, European Central Bank Chief Economist Philip Lane said.“Differentiating between transitory and persistent shifts in the growth rate of wages” will play an important role in assessing the progress of underlying …

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• 11 October 2021 4:35 pm

  Crude Oil Rise on China’s Energy Crisis

  

  Crude oil prices have risen to their highest levels in seven years as domestic supply shortages in a number of pockets of the global energy market are intensified by investors seeking protection from “stagflation” by betting on prices that are still higher. Net speculative long positions in crude oil rose …

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• 11 October 2021 3:47 pm

  Gold Fell on Tapering Expectations

  

  Gold fell in Monday morning trading in Asia, as the US Federal Reserve is expected to start reducing asset purchases on schedule despite the disappointing data in the latest US jobs report. Gold futures were also down 0.14% at $1,754.95 by 12:14 AM ET, with the yellow metal hitting a …

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• 11 October 2021 2:31 pm

  The Dollar Hits Its Highest Level Against The Yen in Nearly 3 Years

  

  The dollar rose to its highest level in nearly three years against the yen on Monday as investors remained confident that the Federal Reserve would announce a reduction in its massive bond purchases next month. Friday’s jobs data pushed up US bond yields and subsequently lowered the yen, which is …

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• 11 October 2021 1:38 pm

  Saudi Aramco Asked Banks For $12-14 bln Gas Pipeline Loan – Reuters

  

  Sources told Reuters that Saudi Aramco is currently asking banks to arrange a loan between 12 and 14 billion dollars, which it plans to provide to buyers of its gas pipelines. Reuters reported in August that companies that have been in talks for Aramco’s gas pipeline assets include Global Infrastructure …

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