Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 30 September 2021 2:32 am

  Powell asked to explain central bank’s work on crypto

  

  While the Office of the Comptroller of the Currency (OCC) insists that lack of due regulation in the crytospace could easily lead to a financial crisis, seven members of the Congress sent a letter to Jerome Powell, chairman of the Federal Reserve, asking about the U.S. central bank’s efforts on …

  Read More »
• 30 September 2021 1:36 am

  GBP/USD falls below 1.3500 amid worsening UK’s energy crisis

  

  Awaiting the end of the North American trading session, the British pound has fallen again during the trading session on Wednesday, to crash 1.35.The GBP/USD pair crashes below 1.3500, down by 0.84%, and is trading at 1.3422. The pair has not been able to recover since Tuesday’s collapse of almost …

  Read More »
• 30 September 2021 12:35 am

  Powell and Lagarde reassure inflation surge temporary

  

  Federal Reserve Chair Jerome Powell and his counterparts at the ECB, Bank of Japan and Bank of England stressed, Wednesday, with cautious optimism that supply-chain disruptions lifting inflation rates are temporary.Powell and Lagarde participated in a virtual panel event. Jerome Powell continues to view this year’s acceleration in inflation as …

  Read More »
• 29 September 2021 11:01 pm

  Gold falls to lowest over USD’s jump

  

  Gold prices have been served a blow by a new rebound of the U.S. dollar and by the rise of the 10-year bill yields. Gold for December delivery lost $14.60, or 0.8%, to settle at $1,722.90 per ounce, following another decline by 0.8% on Tuesday. Prices marked the lowest most …

  Read More »
• 29 September 2021 10:41 pm

  Investors pause selling treasury bills

  

  Traders have put selling of U.S. Treasuries on pause. This prevalent trend left yields mostly lower on Wednesday, with an eye on financial talks in Washington.On Wednesday yields got lower at 0.0507% after U.S. House Speaker Nancy Pelosi’s statements on the suspension of the U.S. debt limit.The two-year U.S. Treasury …

  Read More »
• 29 September 2021 9:50 pm

  U. S. dollar jumps to fresh high peak amid debt ceiling debate

  

  The U. S. dollar has risen versus the Japanese yen to its biggest high since March 2020 as the Euro falls to lowest since early November.The dollar index which measures the U.S. currency against a basket of six major currencies rose for the fourth consecutive day, to 94.37 from 93.77 …

  Read More »
• 29 September 2021 9:17 pm

  Oil futures lower over slowing Chinese economy concerns

  

  Oil futures extend losses as EIA reports increases in U.S. crude, gasoline and distillate supplies. The energy sector is currently experiencing mixed to lower start, supported by strength in the major equity futures and pressured by weakness across the most important commoditiesWTI and Brent crude oil futures continued to inch …

  Read More »
• 29 September 2021 8:53 pm

  Merkel Says goodbye to diminished Eurozone

  

  Investors are skeptical about how much change a new German government will bring about in the European economy that is struggling to recover. Investors and observers raise several questions about how the next German chancellor will deal with integration among the 19 euro economies.As Germany prepares for a new post …

  Read More »
• 29 September 2021 7:55 pm

  $80 oil sparks mixed expectations for world economy

  

  Oil prices have jumped above $80 for the first time since 2018, this development is handing a major boost to producers but is simultaneously fuelling more inflationary pain for consumers.Global supplies are disrupted because U. S. production is still hampered by ongoing fallout from Hurricane Ida in Louisiana and the …

  Read More »
• 29 September 2021 7:35 pm

  Bond selloff sends a warning to the Federal Reserve

  

  Bond yields have been increasing slowly but steadily over the past two weeks from 1.30% for the 10-year bond to 1.50%. The extremely low together with the relatively stable U. S. government bond yields have confused several market observers for the few previous days. The current situation is also challenging …

  Read More »
• 29 September 2021 7:19 pm

  Investors await clarity on crypto taxes

  

  The recently released final draft of the U. S. Reconciliation Bill aims to subject investors in the crypto space to a complex tax rule based upon the constructive sales concept.Cryptocurrency users are expected to pay taxes without even selling their crypto assets under the proposed draft which could be passed …

  Read More »
• 29 September 2021 6:42 pm

  Evergrande is selling a bank stake to repay liabilities

  

  China Evergrande Group said Wednesday that it’s planning to sell its $1.5 billion stake in Shengjing Bank, which comes as an attempt of the group to avoid default. The announcement was added to other practices aiming at easing concerns the collapse of the huge real-states entity could spread through the …

  Read More »
• 29 September 2021 6:19 pm

  Senate Democrats are voting on a bill to avoid shutdown

  

  Democrats are expected to vote Wednesday on a temporary legislation that helps avoid partial government shutdown through keeping current levels of federal government funds after Thursday. The move was encouraged by top House Democrats led by majority leader Steny Hoyer who said that there were talks with Senate Democrats suggesting …

  Read More »