Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 4 October 2021 2:07 pm

  Eurozone Investor Sentiment Drops to a Six-Month Low

  

  A survey showed on Monday, October 4th, that investor sentiment in the eurozone fell for the third consecutive month in October and reached its lowest level since April amid a lackluster economic outlook. The Sentix index for the eurozone fell to 16.9 from 19.6 in September. A Reuters survey had …

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• 4 October 2021 1:31 pm

  Turkish Inflation Rises to The Highest Level Since March 2019 in September

  

  Data showed Monday, October 4, that Turkey’s inflation rose slightly less than expected to 19.58% y/y in September from 19.25% in August, the highest level since March 2019, taking real yields further into losses after the central bank cut interest rates. to 18%. On a monthly basis, the Turkish Statistical …

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• 4 October 2021 12:45 pm

  Sources to Reuters: Expectations That OPEC+ Will Keep Production Policy Unchanged

  

  OPEC+ sources told Reuters that it is likely that OPEC and its allies will stick to their current agreement to add 400,000 barrels per day of oil to the market in November, despite pressure from consumers to calm a market witnessing heavy demand for oil. Ministers of the Organization of …

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• 2 October 2021 2:38 am

  Fed’s Kashkari watching inflation, QE and Governance Impact

  

  Unemployment data still irritate the U. S. economy as Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said that he is watching the labor market for signs of when millions of workers who were forced to leave their jobs during the pandemic will return. Kashkari said that he …

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• 2 October 2021 1:51 am

  Stagflation risk is back impacting gold price’s reactions

  

  As the looming energy crisis stirs up old inflation fears, stagflation risk is back in the market, carrying some good news for gold, which proved this week that there is strong buying interest below the USD 1,750 per ounce level, according to analysts.After falling towards USD 1,720 per ounce mid …

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• 2 October 2021 12:55 am

  Whales on Binance may be behind Bitcoin’s jump

  

  Since U.S. markets opened on Friday, bitcoin price has risen by nearly 10%. A popular indicator used by bitcoin traders may explain the increase.What is obvious is that this buying did not come from U.S. investors. The demand for bitcoin is likely from Chinese or non-U.S. investors.While Coinbase is more …

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• 2 October 2021 12:29 am

  Bitcoin moves higher after Powell’s comments

  

  Bitcoin managed to settle above the 20 EMA which is located near $44,000 and is trying to settle above the 50 EMA at $44,600. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum.Bitcoin has reaped some gains after the comments by Fed …

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• 1 October 2021 11:42 pm

  Wall Street rises after September volatility

  

  Wall Street Stocks advanced on Friday, as equities try to regain after closing out volatile September in the red zone.The Dow rose and did better than compared to the other two major indexes, as shares of Merck jumped over positive data on its COVID-19 antiviral pill. Friday’s moves come following …

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• 1 October 2021 9:31 pm

  Could 19 October be a catastrophic day for the US economy?

  

  The USD 28.4 trillion debt limit was renewed on 1 August. By extraordinary measures, Treasury Secretary Janet Yellen has been able to take steps that allow the government to borrow additional funds without breaching the debt ceiling. Yellen warned lawmakers that if Congress fails to raise or suspend the debt …

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• 1 October 2021 9:02 pm

  China orders top companies to secure winter energy supplies

  

  China has ordered its top energy companies to secure winter supplies at all costs. The orders come with growing energy crisis in the country. The Chinese directive was issued during an emergency meeting presided by head of China’s energy section and industrial production Vice Premier Han Zheng.Zheng called all the …

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• 1 October 2021 8:45 pm

  Positive reading on U. S. ISM Manufacturing Employment Index

  

  U. S. ISM Manufacturing Employment Index is at a current level of 50.20, up from 49.00 last month and up from 49.60 one year ago. This is a change of 2.45% from last month and 1.21% from one year ago. The Institute for Supply Management (ISM) Manufacturing Index shows business …

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• 1 October 2021 7:52 pm

  ISM Manufacturing Index rose to 61.1 in September

  

  Measurement of U.S. manufacturing witnessed expansion in September at the fastest pace in four months.The new data by The Institute for Supply Management’s gauge of factory activity rose to 61.1 from August’s 59.9, according to data released Friday. Readings above 50 indicate expansion. The median estimate in a Bloomberg survey …

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• 1 October 2021 3:45 pm

  The Dollar is Heading For The Best week in Months

  The dollar started the fourth quarter of 2021 near its highest levels in the year and is heading towards achieving its best weekly performance since June, as investors expect the Federal Reserve, which appears to be inclined towards monetary tightening, to raise interest rates at a faster pace than its …

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