Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 9 September 2021 6:04 pm

  US: Weekly Initial Jobless Claims Drop to 310K

  

  There were 419,000 initial claims for unemployment benefits in the US during the week ending September 3, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 345,000 (revised from 340,000) and well below market expectations of 335,000

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• 9 September 2021 4:57 pm

  Gold Moves on Unemployment Data

  

  Gold fell in Thursday morning trading in Asia, remaining near two-week lows. The strengthening of dollar index futures also contributed to the losses of the yellow metal, while investors are also awaiting the latest policy decision of the European Central Bank. Also, gold futures fell 0.21% to $1,789.75 after reaching …

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• 9 September 2021 3:52 pm

  ECB Leaves Key Rates Unchanged

  

  The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.

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• 9 September 2021 3:46 pm

  Japan Decides to Extend Emergency Measures Again

  

  Japanese Prime Minister Yoshihide Suga confirmed, during his statements today, Thursday, that the emergency measures within the country will be extended again until September 30, to contribute to containing the outbreak of the new Corona virus and the new delta mutator inside the country. The Japanese Prime Minister indicated that …

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• 9 September 2021 3:15 pm

  Currencies Overview: Euro Advances Ahead of ECB Decision

  The euro rose before an expected reduction in the pace of the European Central Bank’s bond buying, while the dollar held on to its recent gains, as concerns about the global economy pushed traders towards currencies that are considered safer. The euro rose 0.1 percent to $1.1825 after falling for …

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• 9 September 2021 2:20 pm

  Oil Rises For The Second Session, Supported by The Decline in US Production

  

  Oil prices rose for the second session on Thursday, compensating for losses incurred earlier in the session, as the market received support from the decline in US production in the Gulf of Mexico due to the damage caused by Hurricane Ida. By 0616 GMT, Brent crude rose 26 cents, or …

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• 9 September 2021 1:45 pm

  Gold Falls With The Rise of The Dollar And Global Growth Concerns

  

  Gold fell, as the dollar’s rise and concerns about global growth affected risk appetite, while investors awaited any signals from major central banks after policymakers hinted at their support for reducing pandemic-era stimulus measures. Spot gold fell 0.1 percent to $1,788.11 an ounce, hovering near a two-week low reached in …

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• 9 September 2021 1:15 pm

  European Shares Decline Ahead of ECB

  

  European shares fell, tracking Asian shares slump amid fears of slowing global growth, while expectations are growing that the European Central Bank will announce a timetable to slow bond purchases later in the day. The European Stoxx 600 index fell 0.8 percent to its lowest level in three weeks, and …

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• 9 September 2021 12:45 pm

  Nikkei Retreats From 6-Month High on Fears of Slowing Growth

  

  The Nikkei index fell from a six-month high to close lower on Thursday, in line with global markets as fears grew of slowing economic growth due to the mutated delta strain of the rapidly spreading Coronavirus. The Nikkei closed down 0.57 percent at 30,008.19 points, halting eight consecutive days of …

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• 8 September 2021 6:12 pm

  Bank of Canada Unchanged in September as Expected

  

  The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the July policy meeting as expected. Moreover, the bank said that it will continue to purchase government of Canada bonds at a target weekly rate of C$2 billion.

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• 8 September 2021 5:11 pm

  The US Dollar Records The Third Daily Rise in a Row

  The US dollar continued to rise during trading on Wednesday for the third consecutive day, after the strong decline that it recorded at the end of last week, on the back of negative economic data in the United States last August. The statements of the members of the US Federal …

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• 8 September 2021 4:07 pm

  Gold Settles Below $ 1,800 as Markets Await Indicators From Central Banks

  

  Gold prices stabilized today, Wednesday, below the important level of 1,800 dollars, as the rise of the dollar led to an increase in the cost of gold to holders of other currencies, while investors awaited indications from the major central banks regarding measures to reduce stimulus. And gold settled in …

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• 8 September 2021 3:12 pm

  European Stocks Down Ahead of ECB Meeting

  

  European stocks fell, as concerns about slowing global growth weighed on sentiment, while investors’ eyes turned to the European Central Bank meeting for indications on plans to reduce stimulus. The European Stoxx 600 index fell by 1% and is on track to record its largest daily drop in three weeks, …

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