Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 7 October 2021 8:04 pm

  U.S. jobless claims sink 38,000 signaling improved labor market

  

  326,000 people who recently lost their jobs applied for unemployment benefits in early October, marking the first decline in a month signaling improvement in the U.S. labor market. The U. S. dollar hardly moved against a basket of currencies on Thursday, as investors await the release of U.S. labor market …

  Read More »
• 7 October 2021 7:41 pm

  U. S. unemployment claims fall after a month

  

  4.2 million Americans still receive benefits. New jobless claims have fallen for the first time in nearly one month, according to new data released Thursday, offering some break to the U. S. economy after previous worrisome data.About 326,000 people filed initial jobless claims in the week ending on 2 October …

  Read More »
• 7 October 2021 6:10 pm

  US September Nonfarm Payrolls Preview

  

  The US Bureau of Labor Statistics will release the September jobs report on October 8. Following a disappointing increase of 235,000 in August, investors expect Nonfarm Payrolls to rebound and rise by 488,000 in September.  Will the US nonfarm payrolls report be the green signal for the Federal Reserve to …

  Read More »
• 7 October 2021 4:54 pm

  US: Weekly Initial Jobless Claims Decline to 326K

  

  There were 326,000 initial claims for unemployment benefits in the US during the week ending October 2, the data published by the US Department of Labor (DOL) revealed on Thursday. experts’ estimates agreed that US unemployment claims are expected to reach 348,000, and these numbers are positive. Yesterday, the ADP …

  Read More »
• 7 October 2021 4:19 pm

  EUR/GBP Seems Vulnerable Below 0.8500

  

  The EUR/GBP fell to its lowest level in nearly two months during European trade, with analysts looking to extend the decline below the key psychological level of 0.8500. The pair maintained its bid tone on Thursday and is poised to extend the slide to the 200-day SMA above mid-0.8600 and …

  Read More »
• 7 October 2021 3:02 pm

  A Sharp Decline in Gas Prices in Europe After Putin’s Statements

  

  Russian Deputy Prime Minister Alexander Novak said on Wednesday that certification of the Nord Stream 2 undersea gas pipeline could soften the crisis due to hiking European gas prices. Gas prices in Europe fell today below the level of $1,000 per thousand cubic meters after Russian President Vladimir Putin expressed …

  Read More »
• 7 October 2021 2:22 pm

  Russia Records Largest Daily Infection With Covid-19 in 2021

  

  Russia announced 27,550 new cases of Covid-19 disease on Thursday, the highest number of daily infections recorded this year, amid an outbreak that prompted officials to urge people to receive vaccinations. The government task force concerned with combating the Coronavirus said that it recorded 924 deaths related to Covid-19 during …

  Read More »
• 7 October 2021 1:16 pm

  European Shares Rise, Supported by Lower Energy Prices

  

  European shares rose in early trade, as lower oil and gas prices eased some of the investor concern about hyperinflation. The pan-European Stoxx 600 index rose 1.1 percent in a broad-based buying wave, reversing its weekly losses, as mining, auto, and utility advanced. Oil prices fell for the second consecutive …

  Read More »
• 7 October 2021 12:45 pm

  An Unexpected Increase in US Inventories Puts Pressure on Oil Prices

  

  Oil prices fell for the second session, under pressure from an unexpected increase in US crude inventories that raised concerns about demand after prices rose to their highest levels in many years. US crude fell 0.67 percent, or 52 cents, to $76.91 a barrel before the opening of European markets, …

  Read More »
• 7 October 2021 12:16 pm

  Japan’s Nikkei Ends 8-Day Losing Streak

  

  The Japanese Nikkei index rose after 8 consecutive sessions of losses, as signs of progress in US political negotiations over the debt ceiling provided an incentive to snap deals, but the broader Topix failed to sustain the gains. Investors have repurchased battered stocks that recently suffered losses on concerns that …

  Read More »
• 7 October 2021 2:53 am

  U. S. Stock futures slightly higher over easing debt ceiling concerns

  

  U.S. stock futures slightly surged higher Wednesday night after the Dow Jones Industrial Average reclaimed a 459-point loss from earlier hours of the trading session as investor concerns on a debt ceiling deal eased.Dow Jones Industrial Average futures rose 42 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed …

  Read More »
• 7 October 2021 2:24 am

  House Democrat calls for depriving Congress from debt limit authority

  

  A House Democrat on Wednesday called for a long term solution to the deadlock over avoiding a debt default later this month by taking away the debt ceiling authority from the Congress altogether to prevent parties from playing with political fire around the debt limit.Rep. Brendan Boyle along with House …

  Read More »
• 7 October 2021 2:08 am

  Led by market sentiment, AUD/USD recovers some daily losses

  

  After reaching a daily low at 0.7225, the AUD/USD pair was able to trim some of its losses, stills down by 0.22%, is trading at 0.7275 during the New York session.Market sentiment struck the Asian and the European session amid surging energy prices and worldwide higher yields, these factors ignited …

  Read More »