Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 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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• 1 October 2021 2:56 pm

  Eurozone Preliminary CPI Jumps 3.4% YoY in September

  

  The annualized Eurozone Consumer Price Index (CPI) rose by 3.4% in September, beating expectations of 3.3% while up from August’s reading of 3.0%, the latest data published by Eurostat showed on Friday. The core figures arrived at 1.9% YoY in September when compared to 1.9% expectations and 1.6% booked last.

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• 1 October 2021 2:13 pm

  Japan Shares Plunge to One-Month Lows on Supply Worries

  

  Japanese shares plunged on Friday to a one-month low on mounting concerns that multiple disruptions to global supply chains may keep inflation high for much longer. Investor sentiment was also pressured by the postponement of a vote on an important spending bill for the administration of US President Joe Biden, …

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• 1 October 2021 1:18 pm

  European Shares at Two-Month Lows on Inflation Fears

  

  European shares fell to their lowest level in two months on Friday, continuing a global sell-off as investor sentiment was negatively affected by growing concerns about slowing economic growth and rising inflation. The pan-European STOXX 600 index fell 1.3 percent, while the travel and leisure, banking and auto industry sectors …

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• 1 October 2021 2:33 am

  Directors’ confidence in UK economy falling off a cliff

  

  Directors have been the least optimistic about the UK economy since winter lockdown. Directors’ confidence even fell off a cliff in September.Energy and tax bills have already spiked and a fuel crisis is biting while the government gradually withdraws its support for workers. Bloomberg said that people running small and …

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• 1 October 2021 2:16 am

  Will U. S. create USD 1 trillion-coin to avoid debt crisis?

  

  Money in the world’s largest economy is at risk of running dry after two weeks over latest statements by Secretary Janet Yellen saying the U. S. will hit its USD 28.4 trillion (USD 39.6 trillion) debt limit on 18 October unless a temporary funding solution is found by Congress.The stock …

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