Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 21 October 2021 10:07 pm

  Bitcoin back near record highs

  

  Houston’s pension fund for its firefighters said Thursday it bought $25 million worth of bitcoin and ether for its defined-benefit plan’s portfolio, the latest move by an institutional investor into digital assets.The Wall Street Journal reported that this move comes as bitcoin powered back to a record above $66,000 earlier …

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• 21 October 2021 9:58 pm

  Bitcoin temporarily crashed 87% to about $8,000 on but only on Binance

  

  Bitcoin stumbled to $8,200 on Binance’s trading platform. This temporal decline in the leading cryptocurrency was an 87% fall from $65,815.Binance’s CEO Changpeng Zhao tweeted: “Expect very high volatility in #crypto over the next few months.”The coin had been trading around $65,000 when Binance posted a candle that showed the …

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• 21 October 2021 9:41 pm

  Barclays profit gets boost from investment banking

  

  Barclays reported better than expected Q3 profits on Thursday, following its Wall Street rivals in receiving a strong push from investment banking.The British bank reported Q3 profit of £1.45 billion vs expected £931.25 million. The figure marks a significant increase from the £611 million reported for Q3 last year.“For many …

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• 21 October 2021 8:49 pm

  Wall Street Flat, IBM Earnings Impact Tech Stocks

  

  U.S. stock indexes remained flat on Thursday as losses in IBM’s earnings impacted technology shares. The Dow Jones retreated after hitting an intraday record high in the previous session, while the S&P 500 Index was just about 15 points short of from its early September record.Eight of the 11 major …

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• 21 October 2021 8:06 pm

  U. S. EIA: Natural gas inventories climb to 92 billion cubic feet

  

  The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas climbed by 92 billion cubic feet for the week ended Oct. 15.Following the data, November delivery of natural gas extended decline, trading down 11.5 cents, or 2.2%, at $5.062 per million British thermal units. Prices were …

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• 21 October 2021 7:21 pm

  October Consumer Confidence declines in Eurozone

  

  The European Commission said Thursday that its measurement index of consumer confidence in the Eurozone declined to minus 4.8 in October from minus 4.0 in September. Economists polled by The Wall Street Journal had forecast a reading of minus 5.0. The fresh reading comes amid rising inflation and economic recovery …

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• 21 October 2021 6:27 pm

  Market Drivers – European Session 21-10-2021

  

  The European session was mostly quiet, with the dollar holding steady while commodity currencies fell after an early advance in Asia Pacific trading. A slightly weaker risk mood in European morning trade may keep risky trade more cautious, as the Australian dollar fell from 0.7540 earlier today to 0.7480 before …

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• 21 October 2021 5:01 pm

  US Stock Futures Are Down on Thursday Morning

  

  Stock futures fell in early trading on Thursday after the blue-chip Dow Jones Industrial Average regained its highest level in the previous session amid strong corporate earnings, Dow futures fell 104 points or 0.2%, and S&P 500 futures fell By 0.2%, the Nasdaq 100 futures contract lost 0.2%. IBM shares …

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• 21 October 2021 4:49 pm

  Weekly Initial Jobless Claims Decline to 290K

  

  There were 290,000 initial claims for unemployment benefits in the US during the week ending October 16, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 296,000 (revised from 293,000) and came in better than the market expectation of …

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• 21 October 2021 4:01 pm

  New Zealand Signs Historic Trade Deal With Britain

  

  New Zealand Prime Minister Jacinda Ardern announced today, Thursday, that her country has signed a historic Free Trade Agreement (FTA) with Britain, adding that the free trade agreement will boost New Zealand’s gross domestic product by about one billion New Zealand dollars, through the unprecedented access of New Zealand products …

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• 21 October 2021 3:12 pm

  CBRT Cuts Policy Rate by 200 Basis Points

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 200 basis points to 16% from 18%. The market expectation was a rate cut of 100 basis points to 17%. “Tight policy started to have a higher than envisaged …

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• 21 October 2021 2:15 pm

  Gold Rises For The Third Day in a Row

  

  Gold prices rose for a third consecutive session on Thursday as a weaker dollar lifted the allure of bullion, while investors assessed whether rising inflation would prompt central banks to raise interest rates sooner than expected. Spot gold rose 0.1 percent to $1,782.70 an ounce, and US gold futures rose …

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• 21 October 2021 1:36 pm

  European Shares Fall, Affected by Evergrande Crisis

  

  European shares incurred losses at the beginning of today’s session, affected by negative sentiment stemming from renewed concerns about the real estate sector in China and mixed quarterly earnings results. The pan-European Stoxx 600 index fell 0.4%, retreating from a six-week high. Asian stocks also fell after news of a …

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