Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 22 September 2021 7:59 pm

  Existing U.S. home sales fall in August

  

  Sales of existing homes fell in August and prices that have been soaring eased, the latest sign the housing market is cooling as intense competition keeps potential buyers on alert.“Existing homes sales fell 2 per cent last month from July to an annual rate of 5.88 million units”, the National …

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• 22 September 2021 4:55 pm

  The Bank of Japan Keeps Interest Rates Unchanged

  

  The Bank of Japan left its key short-term interest rate unchanged at -0.1%, and kept the target for the 10-year government bond yield at around 0% during its September meeting with an 8-1 vote, as expected. However, policymakers’ outlook came bleak on exports and factory production amid supply chain turmoil …

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• 22 September 2021 3:40 pm

  Germany’s IFO Cuts 2021 GDP Growth Forecast to 2.5%

  

  The German Ifo Institute announced this morning, Wednesday, that it has reduced its economic growth forecast in Germany during the current year, as the expectations of experts at the institute indicate that the German economy will grow by about 2.5% during 2021 due to the fluctuations in supply chains and …

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• 22 September 2021 3:21 pm

  Why is Fed’s September meeting so important?

  

  Wednesday will witness the outcome of the Federal Reserve’s September meeting ending at 2:30 pm ET and policy makers still have 3 monetary policy announcements before the end of 2021the year. The meeting is expected to address the taper timeline, however investors eye the taper start date, in particular, so …

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• 22 September 2021 3:05 pm

  Currencies Overview: The Dollar is Under Test

  The dollar rose in early European trading on Wednesday, but moves were set before the conclusion of a crucial Federal Reserve meeting later in the session. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.255, away from Tuesday’s high of …

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• 22 September 2021 2:18 pm

  European Shares Rise, Supported by Evergrande

  

  European shares rose on Wednesday, recovering from early-week losses after debt-laden China’s Evergrande said it would make some interest payments, while travel and leisure shares jumped to a 14-week high. Frankfurt-listed Evergrande shares jumped 15.1 percent after hitting multi-year lows in the previous session. The real estate developer said it …

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• 22 September 2021 2:09 pm

  Nikkei Hits Two-Week Low Amid Caution Ahead of Fed Meeting

  

  The Nikkei hit a more than two-week low on Wednesday, September 22nd, as investors cautiously looked to the outcome of the US Federal Reserve meeting for more indications on when to end stimulus and raise interest rates. The benchmark index closed down 0.67% at 29639.40 points, while the broader TOPIX …

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• 22 September 2021 1:15 pm

  FED Preview: May Not Announce a Timetable

  

  The Fed has the tough job of reassuring markets after the Evergand crisis and two weeks of mounting losses in stocks as the US economy struggles with declining jobs and the worst inflation in a decade. The meeting is expected to address the taper timeline, however, investors eye the taper …

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• 21 September 2021 11:53 pm

  Ripple Legal Team: No plans to settle lawsuit with SEC

  

  Ripple Labs’ legal team said that there is no intention to reach a settlement in their lawsuit with the U.S. Securities and Exchange Commission.The top US financial regulator alleges that Ripple has been selling XRP as an unregistered securities since 2013. The legal battle began in December 2020 AND provides …

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• 21 September 2021 11:35 pm

  Shell’s Texas assets Sale is biggest recent transaction

  

  Royal Dutch Shell said it was selling off all oil and gas assets in Texas’s Permian Basin for USD 9.5 billion in cash. The buyer is ConocoPhillips.The sale deal covers the net of 225000 acres of land in the Permian, accounting for the production of 175,000 barrels of fuel per …

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• 21 September 2021 10:34 pm

  Oil fluctuates with Fed meeting in Focus

  

  New York’s stock markets witnessed a mixed move of futures that switched between gains and losses on Tuesday. The U.S. central bank will meet, Wednesday, to decide on the fate of asset purchases. Officials are expected to hold interest rates near zero.Tapering of the Fed’s USD 120 billion in monthly …

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• 21 September 2021 10:20 pm

  Basel Committee warns of restrictive crypto rules

  

  The global financial industry has urged regulators all over the world to avoid imposing strict capital rules on digital assets.Warning is gaining momentum because such regulatory requirements are most probable to drive activity underground and, therefore deprive banks of the benefits of crypto technology.Trade groups as well as representatives of …

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• 21 September 2021 10:16 pm

  OECD: U. S. economic recovery has slowed

  

  The Paris-based Organization of Economic Cooperation and Development said, Tuesday, that the U.S. economy is losing drive on its path to recovery from the coronavirus pandemic.OECD forecast that gross domestic product would grow 6% in 2021, down nearly 1 percentage point from last May. The OECD previously predicted GDP would …

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