Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 2 September 2021 5:44 pm

  US: Weekly Initial Jobless Claims Decline to 340K

  

  There were 340,000 initial claims for unemployment benefits in the US during the week ending August 28, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 354,000 (revised from 353,000) and came in slightly better than the market expectation …

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• 2 September 2021 4:41 pm

  Russia’s Production of Oil And Gas Condensate Decreased to 10.4 M bpd

  

  Russia’s production of oil and gas condensate fell to 10.43 million barrels per day in August from 10.46 million barrels per day in July, according to calculations made by Reuters based on an Interfax report citing data from the Energy Ministry issued on Thursday. Interfax reported that the total production …

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• 2 September 2021 3:37 pm

  The Euro is Near a month’s Peak Against The Dollar, Supported by The Inflation

  The euro held near a one-month high against the dollar and a six-month peak against the pound, supported by statements that tend to tighten monetary policy by policymakers at the European Central Bank, and after data that showed inflation at its highest level in ten years and in light of …

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• 2 September 2021 3:35 pm

  Gold Stable as Investors Await US Jobs Data

  

  Gold prices stabilized as investors held off large bets in anticipation of a US non-farm payrolls reading seen as critical to the schedule for the Federal Reserve’s tapering of stimulus. There was little change in gold in spot trading at $1814.58 an ounce by 0646 GMT, while gold was trading …

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• 2 September 2021 1:45 pm

  European Shares Rise in Cautious Trading

  

  European shares rose on Thursday, supported by oil and chemical companies, while doubts about the outlook for monetary policy and signs of slowing global growth limited gains. The pan-European Stoxx 600 index rose 0.1% after Asian shares fell on growing concerns about the Chinese economy following a batch of weak …

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• 2 September 2021 1:16 pm

  Japan’s Topix Index Reaches Its Highest Level in More Than 5 Months

  

  Japan’s Topix index closed at a more than five-month high on Thursday, recovering from earlier losses, as a rise in technology shares offset the impact of a decline in carriers. Topix rose 0.14% to 1983.57 points, its highest closing level since March 29. The index rose for the fourth consecutive …

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• 2 September 2021 12:30 pm

  Oil Falls After OPEC + Confirms The Return of Supplies

  

  Oil prices fell after the Organization of the Petroleum Exporting Countries (OPEC) agreed to keep its policy of gradual supply back to the market unchanged as coronavirus cases soar around the world and many US refiners, a major source of crude demand, are out of business. Brent crude fell 15 …

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• 2 September 2021 3:04 am

  Oil Closes Mixed Following OPEC’s Output Decision

  

  Oil prices showed a mixed performance on Wednesday after the OPEC+ alliance decided to maintain the gradual production increases, easing previous output cuts. The global benchmark, Brent crude, closed lower for the second day despite expectations for a rising demand this year, with fears over disruptions due to Hurricane Ida. …

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• 2 September 2021 1:57 am

  Gold Turns to Losses Despite Dollar’s Decline

  

  Gold prices closed modestly lower on Wednesday for the second time in three sessions, despite a mostly negative performance by the U.S. Dollar (USD). An improvement in risk appetite and rising stocks limited the demand for the yellow metal as a safe haven investment after a slew of mixed economic …

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• 1 September 2021 11:25 pm

  U.S. Home Prices Continue to Surge with Tight Supply

  

  Home prices in the United States increased in June by 18.6% on an annual basis, as shown by the latest reading of the S&P CoreLogic Case-Shiller Home Price Index. The index registered a third consecutive record increase. The gauge of home prices in 20 cities and major metropolitan areas Home …

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• 1 September 2021 10:59 pm

  Canada’s Manufacturing Sector Expanded in August

  

  Manufacturing activity in Canada expanded in August, showing its best improvement since April, data showed on Wednesday. The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) rose to a seasonally adjusted 57.2 in August from 56.2 in July. The new orders index rose to 55.8 from 55.3. The stocks of …

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• 1 September 2021 10:30 pm

  The Brazilian Economy Contracted in Q2 – IBGE

  

  The Brazilian economy contracted during the second quarter of the year, official data by IBGE showed on Wednesday. A second wave of the pandemic seems to have negatively impacted demand recovery in Latin America’s biggest economy. Brazil’s gross domestic product (GDP) declined by 0.1% on a quarterly basis against market …

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• 1 September 2021 10:00 pm

  New COVID-19 Variant Spurs Concerns

  

  The World Health Organization (WHO) has warned that a new strain of the coronavirus has been detected in many countries across the world. Named Mu, the first case infected with the new variant was discovered in Colombia last January but has now been identified in 39 countries. It has become …

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