Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 15 October 2021 2:41 am

  Europe urged to get prepared for UK’s trade war

  

  Sterling investors get nervous as Brussels has been urged draw up tough retaliatory measures in case the UK carries out its threat to suspend trading arrangements for Northern Ireland Protocol contained in the Brexit deal.Representatives of five member states met European Commission vice-president Maros Sefcovic, this week, to demand contingency …

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• 15 October 2021 1:51 am

  Yellen: Scandal could hamper IMF’s credibility

  

  The United States will review any new developments in Georgieva matter and Biden’s administration calls for institutions to better protect whistle-blowers. U. S. Treasury Secretary Janet Yellen warned that a scandal over the credibility of rankings of countries’ business climates could hurt confidence in the International Monetary Fund and World …

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• 15 October 2021 1:35 am

  Gold gains as seek haven amid inflation surge

  

  Gold rose to the highest in a month as investors sought haven amid stubbornly high inflation and the looming reduction in stimulus.Real interest rates fell and that supported gold. There is a rising perception in the market that inflation could stay elevated for longer.The U.S. consumer price index data paves …

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• 15 October 2021 1:15 am

  GBP/USD struggles at 1.3700

  

  GBP/USD has retreated from the daily high around 1.3733, and advanced by 0.20% during the New York session, trading at 1.3688.The British pound could not hold to the 1.3700 level, broke the latter in a counter-trend move, which in 4-hours witnessed a 60 pip drop.Market sentiment has driven trading decisions …

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• 15 October 2021 1:00 am

  Dow Jones climbs 533 points over earnings

  

  U.S. shares surged Thursday reacting to banks’ strong quarterly results. Dow Jones rose 533 points, or 1.55%, while the S&P 500 index advanced 1.71% to post its best day since March and the Nasdaq Composite index tacked on 1.73% for its best session since May.Strong gains came as jobless claims …

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• 15 October 2021 12:45 am

  Inflation makes Fed divided on nearing taper

  

  Despite a broadly shared view that the U.S. labor market has healed enough to allow the Federal Reserve to start tapering as soon as next month, policymakers remain divided over inflation and what they should do about it.The U.S. government reported on Thursday that producer prices rose 8.6% in the …

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• 15 October 2021 12:37 am

  Fed’s Barkin: Lost Jobs won’t be recovered

  

  Federal Reserve Bank of Richmond President Thomas Barkin said changes in the U. S. economy could mean that some workers who left the job market during the pandemic won’t return.Citing the number of pre-pandemic jobs that haven’t been recovered, Mr. Barkin said, “I’m in the mood of giving a little …

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• 14 October 2021 11:38 pm

  Treasury yields slid over economic indexes

  

  The CRB commodity index hit an all-time high, PPI Thursday was at the highest in at least 10 years and yet yields are falling.Investors still digest a lighter-than-expected September producer inflation reading. The yield on the benchmark 10-year Treasury note gave up 3 basis points, falling to 1.519% at 2:35 …

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• 14 October 2021 11:24 pm

  Fed bank chiefs pledge to comply with ethics code

  

  The U.S. Federal Reserve’s regional bank presidents responded to criticism of their ethics rules by Democratic Senator Elizabeth Warren with a joint letter welcoming a review of the matter by the Fed’s Board of Governors and pledging to make any changes that result from that process.“Recently, Federal Reserve Chair Jerome …

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• 14 October 2021 11:13 pm

  What Earnings Tell About U. S. Economy

  

  Citigroup and other major U.S. banks said customer spending has eclipsed pre-pandemic levels.U.S. stocks jumped Thursday, bolstered by better-than-expected earnings and economic data that helped ease investor concerns about inflationary pressures and a slowdown in growth.Wall Street is booming, or at least parts of it are. Merger mania and stock …

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• 14 October 2021 11:04 pm

  Dow surges 500 points on strong earnings

  

  Wall Street’s main indexes rallied on Thursday, boosted by technology stocks and strong quarterly results from Bank of America and Walgreens, while better-than-expected economic data eased some concerns about higher inflation.At 12:08 p.m. ET, the Dow Jones Industrial Average was up 499.56 points, or 1.45%, at 34,877.37, the S&P 500 …

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• 14 October 2021 10:56 pm

  U. S. wholesale inflation surges to new record

  

  The inflationary uptrend in the United States is still dominating according to the Producer Price Index. The PPI surged 8.6 percent in September from the same period a year ago. That’s the biggest jump on records dating back to 2010.Producer prices rose only 0.5 percent in September. That was lower …

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• 14 October 2021 10:41 pm

  Global economy caught by storm

  

  Consumers worldwide are starting to feel the pinch from the surge in costs coursing through the global economy.The rebound as coronavirus restrictions are eased has exposed supply chain shortages, with firms scrambling for workers, ships and even fuel for factories, threatening the crawling economic recovery.Shortages of warehouse workers, truckers and …

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