Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 15 October 2021 2:55 pm

  The Turkish Lira Continues to Record Low Historical Levels

  

  Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, a After President Recep Tayyip Erdogan fired three central bank policymakers, the Turkish lira fell to a new record low against the dollar, with investors worried about the prospects of further …

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• 15 October 2021 2:24 pm

  European Stocks Are About to Post Their Best Week in 7 Months

  

  European stocks are headed for their best weekly performance in 7 months as strong earnings reports helped reassure investors and calm concerns about rising inflation. The pan-European Stoxx 600 index rose 0.4%, heading towards ending the week 2.3% higher, buoyed by a significant improvement in investor risk appetite in the …

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• 15 October 2021 1:25 pm

  Japan’s Nikkei is at a Two-Week High

  

  The Nikkei index achieved its first weekly gain in four weeks, after jumping at the close of today’s session. The Nikkei index rose 1.81% to close at 29068.62 points, its highest level in more than two weeks, while the broader Topix index rose 1.86% to 2023.93 points. This week, the …

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• 15 October 2021 12:54 pm

  Market Drivers – Asian Session 15/10/2021

  

  Asian stocks rose in the last trading day, tracking the positivity on Wall Street overnight as investors were optimistic about US corporate earnings and better-than-expected employment data. The Nikkei index achieved its first weekly gain in four weeks after jumping at the close of today’s session. The Nikkei index rose …

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• 15 October 2021 3:46 am

  Market Drivers – U. S. Session 14-10-2021

  

  Once again, on Thursday, inflation related concerns were steering investors’ decisions on picking safe haven assets away from interest bearing investments.Speaking to a virtual gathering of the Euro50 Group on Thursday, St. Louis Fed President James Bullard described the inflation trend as “concerning.”U.S. shares surged Thursday reacting to banks’ strong …

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• 15 October 2021 2:54 am

  USD/JPY recovers and hover around 113.60

  

  A positive market sentiment hurt safe-haven currencies on Thursday, but the U. S. dollar versus the Japanese Yen reaped gains and recovered Wednesday’s losses.USD/JPY began on the right foot in the Asian session; advanced 0.01% and was trading at 113.70 during the day. On Thursday, financial markets witnessed appetite towards …

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• 15 October 2021 2:41 am

  Europe urged to get prepared for UK’s trade war

  

  Sterling investors get nervous as Brussels has been urged draw up tough retaliatory measures in case the UK carries out its threat to suspend trading arrangements for Northern Ireland Protocol contained in the Brexit deal.Representatives of five member states met European Commission vice-president Maros Sefcovic, this week, to demand contingency …

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• 15 October 2021 1:51 am

  Yellen: Scandal could hamper IMF’s credibility

  

  The United States will review any new developments in Georgieva matter and Biden’s administration calls for institutions to better protect whistle-blowers. U. S. Treasury Secretary Janet Yellen warned that a scandal over the credibility of rankings of countries’ business climates could hurt confidence in the International Monetary Fund and World …

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• 15 October 2021 1:35 am

  Gold gains as seek haven amid inflation surge

  

  Gold rose to the highest in a month as investors sought haven amid stubbornly high inflation and the looming reduction in stimulus.Real interest rates fell and that supported gold. There is a rising perception in the market that inflation could stay elevated for longer.The U.S. consumer price index data paves …

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• 15 October 2021 1:15 am

  GBP/USD struggles at 1.3700

  

  GBP/USD has retreated from the daily high around 1.3733, and advanced by 0.20% during the New York session, trading at 1.3688.The British pound could not hold to the 1.3700 level, broke the latter in a counter-trend move, which in 4-hours witnessed a 60 pip drop.Market sentiment has driven trading decisions …

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• 15 October 2021 1:00 am

  Dow Jones climbs 533 points over earnings

  

  U.S. shares surged Thursday reacting to banks’ strong quarterly results. Dow Jones rose 533 points, or 1.55%, while the S&P 500 index advanced 1.71% to post its best day since March and the Nasdaq Composite index tacked on 1.73% for its best session since May.Strong gains came as jobless claims …

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• 15 October 2021 12:45 am

  Inflation makes Fed divided on nearing taper

  

  Despite a broadly shared view that the U.S. labor market has healed enough to allow the Federal Reserve to start tapering as soon as next month, policymakers remain divided over inflation and what they should do about it.The U.S. government reported on Thursday that producer prices rose 8.6% in the …

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• 15 October 2021 12:37 am

  Fed’s Barkin: Lost Jobs won’t be recovered

  

  Federal Reserve Bank of Richmond President Thomas Barkin said changes in the U. S. economy could mean that some workers who left the job market during the pandemic won’t return.Citing the number of pre-pandemic jobs that haven’t been recovered, Mr. Barkin said, “I’m in the mood of giving a little …

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