Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 6 September 2021 10:29 am

  Oil Continues to Decline After Large Cuts in Saudi Crude Oil Prices to Asia

  

  Oil prices extended their decline on Monday after Saudi Arabia, the world’s largest exporter, cut crude prices for Asia at the weekend, indicating a good supply in global markets. Brent crude futures for November fell 57 cents, or 0.8%, to $72.04 a barrel by 01:01 GMT, while US West Texas …

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• 6 September 2021 3:47 am

  Weekly Recap: 29 Aug – 3 Sept

  

  The Non-Farm Payrolls report was the highlight of last week. Friday’s US Non-Farm Payrolls report disappointed with only 235,000 jobs recorded in August vs. 750,000 expected. The average hourly earnings index indicated an improvement by 4.3% compared to 4.1% on an annual basis and 0.6% compared to 0.4% MoM. The …

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• 4 September 2021 3:25 am

  Data Shows Fed U.S. Far Away from Full Employment!

  

  The unemployment rate in the United States declined in August to 5.2%, in line with market expectations, reaching its lowest level since the beginning of the coronavirus pandemic in March 2020. But the data also showed a much less than expected increase in nonfarm payrolls, with an increase of 235,000. …

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• 4 September 2021 2:54 am

  Wall Street Mixed as Nasdaq Logs Another Record High

  

  The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Friday, with Wall Street investors reacting to the disappointing nonfarm payrolls data for last month, which increased concerns over the pace of recovery from the coronavirus (COVID-19) pandemic. The Dow Jones Industrial Average closed lower …

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• 4 September 2021 2:44 am

  Why Gold Prices Surged Following Jobs Data?

  

  Gold prices rose on Friday, after data showed disappointing progress by the U.S. labor market, with a lower than expected increase in nonfarm payrolls during August, which increased concerns over the pace of recovery from the coronavirus pandemic. The jobs report led to the decline of the Dollar Index (DXY) …

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• 4 September 2021 2:10 am

  Oil Prices Close Lower but Rise for the Week

  

  Oil prices closed lower on Friday after data showed disappointing progress by the U.S. labor market, with a lower than expected increase in nonfarm payrolls during August, which increased concerns over the pace of recovery from the coronavirus pandemic. However, crude futures managed to close higher for the week, amid …

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• 3 September 2021 10:45 pm

  Fears in U.S. Over Inflation Getting Out of Hand Fast!

  

  Inflation in the United States has been on a rising trend in recent months with the Federal Reserve tolerating the surge in consumer prices with the hope that it would eventually lead to achieving the price stability target with a sustainable inflation rate of 2%. However, despite the central bank’s …

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• 3 September 2021 9:36 pm

  FDA to Discuss Booster Shots Ahead of Plan for Third Jabs

  

  The United States Food and Drug Administration (FDA) is reportedly discussing the proposals for additional booster shots of the coronavirus vaccines. The FDA Vaccines and Related Biological Products Advisory Committee reportedly plans to hold a meeting on September 17 to discuss the matter. The Pfizer- BioNTech vaccine, which recently was …

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• 3 September 2021 8:27 pm

  Brazil Central Bank Monitoring High Energy Prices

  

  Governor of the Central Bank of Brazil, Roberto Campos Neto, said on Friday that he is closely monitoring the increasing electricity prices with the largest economy in Latin America suffering from the worst drought in decades, Reuters reported. High energy prices are contributing to the increasing inflationary pressures, which are …

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• 3 September 2021 7:25 pm

  Tech Stocks Sees Highest Investments in Six Months – BofA

  

  More investors are leaning towards slowing-growth assets, amid rising inflation rates, according to a weekly investment-monitoring report by the Bank of America, as cited by Reuters on Friday. Technology stocks witnessed the highest inflows since March at $2.5 billion. Meanwhile, high selling was seen on Treasury bonds and other U.S. …

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• 3 September 2021 5:27 pm

  US Dollar Index Challenges The 92.00 Area on NFP

  

  The selling pressure continues in DXY and fell to the 92.00 area on Friday. It is testing sub-92.00 for a brief period on Friday after the non-farm payrolls data came in a surprisingly bearish direction in August. The US economy added 235,000 jobs last month, compared to the 750,000 jobs …

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• 3 September 2021 4:31 pm

  US Nonfarm Payrolls Rise by 235,000 in August

  

  Nonfarm Payrolls (NFP) in the US rose by 235,000 in August, the data published by the US Bureau of Labor Statistics showed on Friday.

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• 3 September 2021 3:19 pm

  Eurozone Retail Sales Weaker Than Expected in July

  

  Eurozone retail sales, an indicator of consumer demand, posted much weaker-than-expected figures in July, mainly due to a sharp drop in the number of goods purchased online. The European Union statistics office Eurostat said on Friday that retail sales in the 19 countries dealing with the single currency fell 2.3 …

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