Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 14 October 2021 2:56 am

  REINZ: House values continue upward

  

  Prices of residential property across New Zealand rose by 15.4% to $795,000 in September 2021 compared to $689,000 in September 2020, according to the latest data from the Real Estate Institute of New Zealand (REINZ).Seven out of 16 regions reached new record median prices, the most since April 2021. Nine …

  Read More »
• 14 October 2021 2:14 am

  AUD/USD holds second place on the lead

  

  AUD/USD is second whereas the Canadian dollar holds first place on Wednesday in New York closing in the countdown just hours before Thursday’s Asian session’s key event that will reveal Australia’s jobs data for September.At the closing bell, AUD/USD was 0.45% higher on the day at 0.7380 after moving from …

  Read More »
• 14 October 2021 1:56 am

  Strong Exports in September Boosts China’s Economy

  

  China’s yuan inched higher against the dollar on Wednesday, as investors digested upbeat exports data and shifted focus to whether the central bank would overturn maturing loans later this week.In the spot market, the onshore yuan opened at 6.4509 per dollar and touched 6.4449, before ending at 6.4452, 20 pips …

  Read More »
• 14 October 2021 12:47 am

  WTI oil breaks below $80.00 despite USD’s weakness

  

  Western Texas Intermediate crude oil benchmark hardly progresses by 0.05%, it is trading at $79.94 during the New York session.The market sentiment improved through the U.S. session, as depicted by U. S. equity indexes rising between 0.01% and 0.65%. The U.S. dollar Index, which influences the price of crude oil, …

  Read More »
• 14 October 2021 12:07 am

  Declining yields incite USD selloff

  

  The dollar sold off on Wednesday pushed lower by falling US Treasury yields. The market mood was depressing throughout most of the day.Yields were weaker ever since the day started, but accelerated their slump following the release of US inflation data. The September Consumer Price Index was upwardly revised to …

  Read More »
• 13 October 2021 11:54 pm

  Fed: Gradual taper could begin by mid-November

  

  The Federal Reserve could begin reducing the pace of monthly asset purchases as soon as mid-November, according to minutes from the September meeting,The summary, released Wednesday, indicated the tapering process could see a monthly reduction of $10 billion in Treasury bills and $5 billion in mortgage-backed securities.Officials at the meeting …

  Read More »
• 13 October 2021 11:35 pm

  Impact of FOMC Minutes on USD’s performance

  

  The U. S. dollar is rising marginally from the lows of the day on the release. Prior to the FOMC minutes.The U. S. dollar had eased back from a one year high as longer-dated Treasury yields fell after US inflation data, although data shows that prices rose solidly in September, …

  Read More »
• 13 October 2021 11:24 pm

  FOMC: Gradual Taper Likely Appropriate

  

  The U. S. Fed released its minutes of the September monetary policy meeting. Participants generally assessed that, provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the middle of next year would likely be appropriate.Various participants stressed that economic conditions were likely to …

  Read More »
• 13 October 2021 11:12 pm

  Gold price surges to 4 week high on USD’s weakness

  

  Gold price is posting strong gains in midday U.S. trading Wednesday, hitting 4 week highs. Buy stop orders were hit in the futures markets after key technical resistance levels were penetrated on the upside.A selloff in the U.S. dollar index today also worked in favor of the precious metal market …

  Read More »
• 13 October 2021 10:37 pm

  U. S. shares struggle ahead earnings season

  

  U. S. shares opened higher, Wednesday, but turned negative. As third-quarter earnings reports start flowing in today, investors will be keeping a sharp eye on growth. Returns will slow because of elevated inflation and supply chain disruptions in addition to rising costs.Despite the current bottlenecks and inflation pressures, Fed is …

  Read More »
• 13 October 2021 10:26 pm

  Investors watching for clues by FOMC minutes

  

  The Fed minutes are not released in a lock up any longer so the report will be put up on the Fed website at the top of the hour and then the free-for-all begins.To recap, the key line in the FOMC statement was:“If progress continues broadly as expected, the Committee …

  Read More »
• 13 October 2021 10:19 pm

  Putin: Russia will supply more gas if Europe asks

  

  Russian President Vladimir Putin said on Wednesday that Russia was ready to provide more gas to Europe if requested, rejecting accusations that Moscow squeezes supplies for political motives.“If they ask us to increase further, we are ready to increase further. We will increase by as much as our partners ask …

  Read More »
• 13 October 2021 10:02 pm

  U.S. consumers expect 30% surge of winter heating bills

  

  U.S. households using natural gas are expected to pay a 30% hike in heating bills. The U.S. consumers will face sharp increases in energy costs this winter no matter what type of fuel they use to heat their homes, according to a report from the Energy Information Administration released Wednesday.The …

  Read More »