Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 27 October 2021 6:13 pm

  Market Drivers – European Session 27-10-2021

  

  US stocks rose slightly at the open on Wednesday, supported by a fresh batch of strong earnings reports. The Dow Jones Industrial Average rose 78.55 points, or 0.22 percent, to open at 35,835.43 points. The Standard & Poor’s 500 index rose 5.43 points, or 0.12 percent, to 4,580.22 points. The …

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• 27 October 2021 4:56 pm

  US: Durable Goods Orders Decline in September

  

  Durable Goods Orders in the United States declined 0.4%, or $1 billion, in September to $261.3 billion, the data published by the US Census Bureau showed on Wednesday. This reading followed August’s increase of 1.3% and came in better than the market expectation for a contraction of 1.1%.

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• 27 October 2021 3:16 pm

  German Economy Ministry: 2021 GDP Forecast Lowered in April

  

  Germany’s economy ministry announced on Wednesday that they have lowered the 2021 growth forecast to 2.6% from 3.5% reported in April, per Reuters. Raised 2022 GDP forecast to +4.1% from April forecast of +3.6%. Expecting GDP growth of +1.6% in 2023.

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• 27 October 2021 2:45 pm

  BoC: Forecasts From Three Major Banks

  

  The Bank of Canada (BoC) will announce its monetary policy decisions at 14:00 GMT. here are the expectations as forecast by the economists and researchers of Three major banks TDS “We expect the BoC to argue that the inflation surge is largely transitory, and to hold forward guidance for the …

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• 27 October 2021 1:54 pm

  European Shares Fall on Lower Mining Sector

  

  European shares fell on Wednesday, with mining stocks leading losses after concerns about Chinese government intervention impacting metal prices, while mixed corporate earnings data kept investors on the alert. The pan-European Stoxx 600 index fell 0.2 percent but settled just below its August high. Asian technology stocks fell on an …

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• 27 October 2021 1:30 pm

  Market Drivers – Asian Session 27-10-2021

  

  The Nikkei index fell eight points to close at 29,098.24 points, maintaining most of the gains it made in the past days, which amounted to about 500 points. The index had fallen earlier today to 28,870.25 points. But the broader Topix index fell 0.23 percent to 2013.81 points. In a …

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• 27 October 2021 1:07 pm

  Nikkei Recovers Early Losses to Close Flat

  

  The Nikkei index recovered its previous losses to end the day unchanged, as strong results for companies supported the market, despite the effect of the state of caution and anticipation ahead of the parliamentary elections at the weekend. The Nikkei index fell eight points to close at 29,098.24 points, maintaining …

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• 27 October 2021 12:30 pm

  Crude Oil Fell by 1% Post Data

  

  Oil, Crude, trading

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• 27 October 2021 9:22 am

  Traders pronounce doubts on Bank of Canada’s rate hike schedule

  

  Investors await fiscal policy announcement, Wednesday, for clues that Canada’s central bank is turning more hawkish. Led by Governor Tiff Macklem, the Bank of Canada is expected on Wednesday to raise its inflation forecast and to largely end stimulus related bond buying program, starting a countdown of sorts to the …

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• 27 October 2021 8:42 am

  Market Drivers – U. S. Session 26-10-2021

  

  WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …

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• 27 October 2021 2:26 am

  Volatility raises investors’ concerns on energy and commodities

  

  Energy is currently the number one ranked U.S. sector in terms of risk adjustments due to steep rise that has occurred over September. Investors should be weary of the energy sector because although it is ranked first, it is highly volatile when it comes to investing in securities that experience …

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• 27 October 2021 1:52 am

  Long term Bitcoin holders continue maneuvering

  

  Bitcoin traded within a significantly tight range on Tuesday as extreme bullish sentiment appears to retreat. The cryptocurrency was trading at around $62,000 is roughly flat over the past 24 hours.The Bitcoin Fear & Greed Index is starting to decline from its highest level in more than seven months, and …

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• 27 October 2021 1:30 am

  October: Delta left behind and U. S. economy improves

  

  Americans welcome winter weather as temperatures drop, but the market is getting warmer and even hotter. The U. S. economy is boomed after the Delta wave had caused considerable recovery slowdown in August and September. October is witnessing progress on multiple fronts recording overall gains.Americans are spending more. Several signs …

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