Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 7 October 2021 9:14 pm

  US senators agree to extend debt ceiling to avoid default

  

  U. S. Senators have agreed to extend the debt ceiling, less than two weeks before it was due to be reached. There were fears that the U. S. would default on its national debt, with catastrophic financial implications.Senate Majority leader Chuck Schumer said Congress had reached a deal to extend …

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• 7 October 2021 9:04 pm

  Vicious circle of debt biggest problem ahead U. S. economy

  

  U. S. Treasury Secretary Janet Yellen warned U. S. lawmakers that the federal government may run out of cash by 18 October, unless the US Congress suspends debt limits. Some politicians speculated that one potential way out is to mint a $1 trillion platinum coin and then deposit it with …

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• 7 October 2021 8:46 pm

  EIA’s Weekly Natural Gas Storage Report Released

  

  Working gas in storage was 3,288 Bcf as of Friday, October 1, 2021, according to EIA estimates. This represents a net increase of 118 Bcf from the previous week. Stocks were 532 Bcf less than last year at this time and 176 Bcf below the five year average of 3,464 …

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• 7 October 2021 8:32 pm

  Senate rushes to $480 billion debt limit top-up

  

  The U.S. Senate on Thursday took a step to pass a $480 billion increase in Treasury Department borrowing authority, a move that would turn aside a catastrophic debt default later this month but setting the scene for another potential showdown in December.That vote, expected Saturday, could come sooner if all …

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• 7 October 2021 8:04 pm

  U.S. jobless claims sink 38,000 signaling improved labor market

  

  326,000 people who recently lost their jobs applied for unemployment benefits in early October, marking the first decline in a month signaling improvement in the U.S. labor market. The U. S. dollar hardly moved against a basket of currencies on Thursday, as investors await the release of U.S. labor market …

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• 7 October 2021 7:41 pm

  U. S. unemployment claims fall after a month

  

  4.2 million Americans still receive benefits. New jobless claims have fallen for the first time in nearly one month, according to new data released Thursday, offering some break to the U. S. economy after previous worrisome data.About 326,000 people filed initial jobless claims in the week ending on 2 October …

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• 7 October 2021 6:10 pm

  US September Nonfarm Payrolls Preview

  

  The US Bureau of Labor Statistics will release the September jobs report on October 8. Following a disappointing increase of 235,000 in August, investors expect Nonfarm Payrolls to rebound and rise by 488,000 in September.  Will the US nonfarm payrolls report be the green signal for the Federal Reserve to …

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• 7 October 2021 4:54 pm

  US: Weekly Initial Jobless Claims Decline to 326K

  

  There were 326,000 initial claims for unemployment benefits in the US during the week ending October 2, the data published by the US Department of Labor (DOL) revealed on Thursday. experts’ estimates agreed that US unemployment claims are expected to reach 348,000, and these numbers are positive. Yesterday, the ADP …

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• 7 October 2021 4:19 pm

  EUR/GBP Seems Vulnerable Below 0.8500

  

  The EUR/GBP fell to its lowest level in nearly two months during European trade, with analysts looking to extend the decline below the key psychological level of 0.8500. The pair maintained its bid tone on Thursday and is poised to extend the slide to the 200-day SMA above mid-0.8600 and …

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• 7 October 2021 3:02 pm

  A Sharp Decline in Gas Prices in Europe After Putin’s Statements

  

  Russian Deputy Prime Minister Alexander Novak said on Wednesday that certification of the Nord Stream 2 undersea gas pipeline could soften the crisis due to hiking European gas prices. Gas prices in Europe fell today below the level of $1,000 per thousand cubic meters after Russian President Vladimir Putin expressed …

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• 7 October 2021 2:22 pm

  Russia Records Largest Daily Infection With Covid-19 in 2021

  

  Russia announced 27,550 new cases of Covid-19 disease on Thursday, the highest number of daily infections recorded this year, amid an outbreak that prompted officials to urge people to receive vaccinations. The government task force concerned with combating the Coronavirus said that it recorded 924 deaths related to Covid-19 during …

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• 7 October 2021 1:16 pm

  European Shares Rise, Supported by Lower Energy Prices

  

  European shares rose in early trade, as lower oil and gas prices eased some of the investor concern about hyperinflation. The pan-European Stoxx 600 index rose 1.1 percent in a broad-based buying wave, reversing its weekly losses, as mining, auto, and utility advanced. Oil prices fell for the second consecutive …

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• 7 October 2021 12:45 pm

  An Unexpected Increase in US Inventories Puts Pressure on Oil Prices

  

  Oil prices fell for the second session, under pressure from an unexpected increase in US crude inventories that raised concerns about demand after prices rose to their highest levels in many years. US crude fell 0.67 percent, or 52 cents, to $76.91 a barrel before the opening of European markets, …

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