Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 17 September 2021 1:35 am

  QE measures guide EUR/USD latest action

  

  Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …

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• 17 September 2021 1:29 am

  Canadian Stocks Fall on Drop in Commodity Shares

  

  The Toronto Stock Exchange S&P/TSX index declined 92 points, or 0.4% to 20,602 on Thursday.This low has been driven by a drop in commodity-linked stocks as gold futures fell to one-month lows and as China reiterated plans to release more metals from its reserves.WTI crude stabilised near a 6-week high …

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• 16 September 2021 10:45 pm

  US Dollar Spiked Up to a Fresh September High

  

  The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …

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• 16 September 2021 8:44 pm

  Wall Street Turns Red after a New Jump in U. S. Jobless Claims

  

  Wall Street fell after disappointing jobs data, ignoring improvement in retail sales, as investors weigh mixed signals in the latest U.S. economic data. The Dow Jones Industrial Average lost 200 points and moved down 0.5%, coinciding with weekly jobless claims that rose and August’s retail sales unexpected jump. The S&P …

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• 16 September 2021 6:19 pm

  U.S. Major Indexes Trading Mixed after U.S. Macro Data

  

  US stocks are trading mixed at the US session, and financial stocks post solid gains with higher US Treasury yields. Despite expectations of declining retail sales due to a rapidly spreading delta mutator, US retail sales unexpectedly rose in August by 0.7% to $618.7 billion. The Philadelphia Fed Manufacturing Index …

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• 16 September 2021 4:40 pm

  U.S. Dollar Stumbles, Eyes on Fed

  The dollar moved near the middle of its trading range over the past month against major currencies on Thursday, September 16th, as traders look to the Federal Reserve meeting next week, in search of indications of when the US central bank will begin to taper. The dollar index, which measures …

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• 16 September 2021 4:33 pm

  US Retail Sales Rise by 0.7% in August

  

  Retail Sales in the US rose by 0.7% on a monthly basis in August, the data published by the US Census Bureau revealed on Thursday. This print surpassed the market expectation for a decrease of 0.8% by a wide margin.

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• 16 September 2021 3:55 pm

  China Says it Has Completed Vaccinating More Than 70% of Its Population Against COVID-19

  

  China has completed vaccinating more than 70 percent of its 1.4 billion people against COVID-19 with full doses, data released by health authorities on Thursday showed. A total of 1.01 billion people in China had received full doses of vaccines as of September 15, Mi Feng, a spokesman for the …

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• 16 September 2021 3:16 pm

  The Euro Fell to Weekly Lows

  

  EUR/USD is revisiting weekly lows at 1.1770 with selling bias around the Euro. No major support levels until 2021 lows of 1.1660. The euro currently trades at $1.1764. On the other hand, Deutsche Rohstof believes that the average price of the euro for 2022 will be $1.20, which is lower …

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• 16 September 2021 2:40 pm

  Gold is Falling With The Rise of The Dollar

  

  Gold prices fell, after the dollar’s rise affected the attractiveness of the precious metal to holders of other currencies, while investors are awaiting the US Central Bank meeting to know indications about the time frame to reduce the stimulus program and raise interest rates. Gold is a hedge against inflation …

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• 16 September 2021 1:51 pm

  Oil Retreats on The Decline of US Inventories

  

  Oil prices fell today, giving up some of yesterday’s big gains on the back of a larger-than-expected drop in US crude oil inventories. Brent crude was down 12 cents, or 0.2 percent, at $75.34 a barrel, after rising 2.5 percent in the previous session. West Texas Intermediate crude fell 14 …

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• 16 September 2021 1:11 pm

  European Shares Rise on Travel Rebound

  

  European shares rose today as a rebound in travel stocks and gains in Wall Street overnight helped ease concerns about a slowing Chinese economy that has dragged miners down. The pan-European Stoxx 600 index rose 0.6 percent after closing at a six-week low in the previous session. Travel and leisure …

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• 16 September 2021 12:31 pm

  Japan Shares Close Lower on Profit-Taking

  

  Japanese stocks closed lower for the second consecutive session on Thursday, as investors continued to book profits after the recent rally boosted by hopes of new political leadership. The Nikkei index fell 0.62 percent to close at 30,323.34 points, after rising about 0.36 percent earlier in the session. The broader …

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