Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 6 October 2021 6:06 pm

  Wall Street Falls on Inflation Fears And ADP Report

  

  Wall Street’s main indexes opened lower on Wednesday after rising oil prices fueled inflation fears, while a survey showing a strong rise in private-sector jobs last month fueled concern that monetary stimulus would be scaled back sooner than expected. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, …

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• 6 October 2021 5:24 pm

  U.S. Private-Sector Employment Rises by 568K in September

  

  Employment in the US’ private sector rose by 568,000 in September, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading came in stronger than the market expectation for an increase of 428,000. Meanwhile, August’s print got revised down to 340,000 from 374,000.

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• 6 October 2021 4:22 pm

  The Iraqi Oil Minister Considers The Price of Oil Between 75 and 80 Dollars

  

  The Iraqi Oil Minister said that the price of oil between 75 and 80 dollars per barrel is a fair price for producers and consumers, adding that his country seeks to raise its production and export capacity in the coming years. Oil prices topped $83 a barrel on Wednesday, their …

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• 6 October 2021 3:11 pm

  The Dollar Rises as Inflation Fears Grow Due to a Jump in The Energy Sector

  

  The dollar rose on Wednesday, on concern that higher energy prices would spur inflation and raise interest rates, as traders awaited US jobs data for clues about the timing of the Federal Reserve’s tightening of policy. The New Zealand dollar fell 0.9% to $0.6891, and the Australian dollar fell 0.7% …

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• 6 October 2021 2:21 pm

  RBA Kept The Policy Rate Unchanged This Week

  

  As expected, the Reserve Bank of Australia (RBA), at its October meeting, decided to maintain the cash rate target at 0.10% and the interest rate on Exchange Settlement balances of 0%; maintain the target of 0.10% for the April 2024 Australian Government bond; continue to purchase government securities at the …

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• 6 October 2021 2:16 pm

  Eurozone Retail Sales Missed Expectations in August

  

  Data showed that retail sales in the eurozone missed expectations in August, as consumers curbed spending on food, beverages, and tobacco. The European Union statistics office Eurostat said retail sales, an indicator of consumer demand, in the 19 euro-denominated countries rose 0.3 percent month-on-month in August, unchanged from the previous …

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• 6 October 2021 1:23 pm

  European Shares Fall on Inflation Concerns

  

  European shares fell more than 1% on Wednesday, as rising oil prices intensified concerns about rising inflation, and investors shifted from high-growth technology stocks to banking stocks. After rising late on Tuesday, the pan-European STOXX 600 index fell 1.2%, with the technology sector down more than 2%. Banking shares fell …

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• 6 October 2021 1:04 pm

  Gold Continues to Decline

  

  Gold prices retreated to extend losses, affected by the rise in the dollar and US Treasury bond yields ahead of the release of US non-farm payrolls data. And gold fell in spot transactions 0.5% to $ 1750.51 an ounce, while US gold futures fell 0.7 percent to $ 1749.40. The …

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• 6 October 2021 12:34 pm

  Japan Shares Hit a More Than 6-Week Low

  

  Japan’s Nikkei index reversed course to close at its lowest level in more than 6 weeks, weighed by concerns about rising interest rates, a slowdown in China, and the country’s new prime minister with low approval ratings. The Nikkei index fell 1.05% to close at 2,7528.87 points, its lowest level …

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• 6 October 2021 2:56 am

  Biden: Economy in danger if debt ceiling not raised

  

  During a White House speech on the government debt conflict, U. S. President Joe Biden warned the U.S. is at risk of exceeding the legal limit on its debt in two weeks and running out of cash.A measure has been recently passed to temporarily suspend the debt limit and fund …

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• 6 October 2021 2:42 am

  Treasuries Fall, but yields surge ahead of U. S. Jobs Data

  

  Treasuries fell on Tuesday as investors focus on the assessment of the state of the U. S. economy before important payroll report Friday.Rising yields have increased market-implied inflation expectations. Breakeven inflation rate for 10-year TIPS approaches 2.5%. The U.S. Treasury yields climbed Tuesday as rising energy prices stoked inflation fears. …

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• 6 October 2021 1:42 am

  Wall Street closes sharply higher over Big Tech gains

  

  Facebook shares have bounced by 2.1% one day after taking a beating as services resumed following outage.Tech and financial companies Apple, Microsoft, Amazon and Alphabet are significantly among top advancers, each rose more than 1% following a selloff in growth stocks the day before. PepsiCo gains on raising annual revenue …

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• 6 October 2021 12:42 am

  Bitcoin rebounds to $50,000 over BofA’s positive recommendations

  

  Crypto prices are still climbing despite tougher regulatory scrutiny round the world. The rally brings prices to the highest since early September. Bitcoin has jumped to around $50,000 as Bank of America Corp. strategists threw their weight behind cryptocurrencies as a new asset class. Bitcoin price has shifted into a …

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