Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 8 October 2021 10:05 pm

  Indexes step into confusion zone after NFP data

  

  Investors’ prevalent sentiment tends to be overwhelmed by hesitation and confusion which have become an inseparable part of the scene because the implications of the NFP jobs data announced Friday.The stock market was wavering on Friday after the September jobs report missed estimates, though the data were better than the …

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• 8 October 2021 9:35 pm

  U.S. oil drilling rigs up for fifth successive week

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by five to 433 this week. That followed increases in each of last four weeks. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by five to stand …

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• 8 October 2021 8:56 pm

  Weak job numbers are good news for gold

  

  The job data announced Friday by the Labor Department imply more dollar-printing from the Federal Reserve until investors have a rethink.While America gained only 194,000 positions in September, upside revisions and silver linings such as temporary Delta-related halts changed the direction.As the expectation for Fed’s tapering has become lower, the …

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• 8 October 2021 8:31 pm

  U.S. Job Growth Slowest in 2021

  

  U.S. job growth fell to the slowest pace of 2021 in September, as the Delta variant and a persistent shortage of workers restrained the ability of companies to hire or attract more workforce. The U. S. economy created 194,000 jobs in September, the smallest gain since December 2020 and down …

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• 8 October 2021 7:22 pm

  Wall Street shows no big panic at mixed jobs data

  

  America added far fewer jobs in September than expected, but investors didn’t seem too disappointed. Stocks were flat Friday as Wall Street took to some comfort that the unemployment rate continues to drop after the pandemic-fueled spike last year.The Dow rose about 20 points, or 0.1%, shortly after the opening, …

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• 8 October 2021 4:35 pm

  The U.S. Nonfarm Payrolls Rise in September

  

  Nonfarm Payrolls (NFP) in the US rose by 194,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading missed the market expectation of 500,000 by a wide margin. On a positive note, August’s print of 235,000 got revised higher to 366,000. the …

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• 8 October 2021 2:35 pm

  Dollar Rises Ahead of NFP

  

  The dollar rose against the major currencies, but within a narrow range, as traders awaited the monthly jobs report for clues on the pace of the return of the Federal Reserve’s policies (the US central bank) to normalcy. The dollar index, which measures the performance of the US currency against …

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• 8 October 2021 1:44 pm

  European Shares Fall as Tech Decline

  

  European shares fell, as a decline in the technology sector offset the impact of gains in oil and auto stocks, while investors remained cautious ahead of the US jobs data. The pan-European STOXX 600 index fell 0.2 percent after technology shares fell 0.9 percent, while oil and gas shares jumped …

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• 8 October 2021 1:18 pm

  Gold Settled Ahead of US Data That May Boost Bets on Reducing Economic Stimulus

  

  Gold settled, ahead of the non-farm payrolls data in the United States, as some analysts expect strong data that reinforces bets on scaling back economic stimulus and push the yellow metal further down. And gold rose in spot transactions 0.1 percent to $ 1757.30 an ounce, while US gold futures …

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• 8 October 2021 12:59 pm

  Nikkei Continues to Rise, Tracking Gains on Wall Street

  

  Japan’s Nikkei jumped for a second straight session, tracking gains on Wall Street and as investors snapped bargains after sharp declines this month, while Toyota Auto helped the Topix close higher for the first time in 10 sessions. The Nikkei rose 1.34 percent to close at 28,048.94 points, paring gains …

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• 8 October 2021 2:49 am

  Could Cryptos challenge the USD’s dominance?

  

  The U. S. dollar’s dominant role in global markets is most likely to continue, but the rapid rise of cryptocurrencies may diminish the dollar’s status, according to a new paper by the Federal Reserve. Private digital currencies, such as Bitcoin and Ether, as well as government backed coins, could reduce …

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• 8 October 2021 2:35 am

  What could nomination of Lael Brainard mean for Wall Street?

  

  Fed Governor Lael Brainard is getting closer to a key banking position as U. S. President Joe Biden studies who will chair the central bank and who will specifically supervise banks.Even without getting the Chair’s position, Brainard can be a major influence on banks. If she is not nominated as …

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• 8 October 2021 2:14 am

  Bank earnings expected to take off, as Wall Street watches closely

  

  Investors will be watching loan numbers like a hawk when banks kick off earnings season next week.Any Fed’s tapering decision in the near future, with the prospected rising in the interest rates could help banks go ahead to widen their net interest margin and consequently the profits they make on …

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