Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 12 October 2021 1:27 pm

  The Turkish Lira Continues to Decline to a Record Level Against The Dollar

  

  The Turkish lira fell to a new record low above nine lira to the dollar on Tuesday, October 12th, affected by uncertainty about political pressures to cut interest rates further and the dollar’s rise in general. The price of the lira recorded its record level, which it reached last night …

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• 12 October 2021 12:40 pm

  Auto Sales in China Fell by 20% in September

  

  Auto sales in China fell 19.6% from the same month a year ago, according to data released Tuesday, October 12, falling for the fifth month in a row as production was disrupted by a long-running global shortage of semiconductors. Data from the China Automobile Manufacturers Association revealed that total sales …

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• 12 October 2021 12:20 pm

  Oil is Falling After a Series of Gains

  

  Oil prices fell on Tuesday, October 12 for the first time in four days in what analysts described as a respite after weeks of gains due to rebounding global demand contributing to energy shortages in major economies. Brent crude prices fell to $83.59 a barrel, after touching a three-week high …

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• 12 October 2021 3:18 am

  Bitcoin climbs above $57000

  

  Bitcoin climbed above $57000 on Monday as it continues to dominate institutional capital flows and traders resume push for record highs.The largest cryptocurrency rose for the first time since May extending its two-week rally. It’s up over 30% in October, currently trading at around $57187.Bitcoin’s surge is due to two …

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• 12 October 2021 2:48 am

  NZD/USD pressured below 0.6950 amid stronger USD

  

  NZD/USD has surrendered the previous session’s gains on Tuesday in the Asian session. The buying pressure in the U. S. dollar keeps NZD/USD unsteady. NZD/USD is trading at 0.6933, down 0.12% for the day, the U. S. Dollar Index (DXY), which measures its performance against its six major rivals, trades …

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• 12 October 2021 1:56 am

  Markets need answers to U. S. labour shortage puzzle

  

  Companies and businesses, across the U. S. A., encounter staffing shortages. The whole country wonders why these labor deficiencies take place.One reason is that a lot of people have lost jobs Since COVID-19 plagued America, but people also have reset their job related preferences. Changes also impact what people accept …

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• 12 October 2021 1:22 am

  Oil price jumps above $80 as natural gas races higher

  

  Crude prices surged as traders expect oil and natural gas production will be limited by a global drive to lower carbon emissions and a mix up secure supplies.U.S. crude rose 1.5% to $80.52 a barrel on Monday, closing above $80 for the first time since 2014 and bringing its climb …

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• 12 October 2021 1:05 am

  Gold markets go back and forth on Monday

  

  Gold prices have gone back and forth during Monday’s trading session, and continued to hang out above the $1750 level.Investors continue to pay close attention to interest rates in the U. S, as they will have a massive influence on what happens next.A breakdown below the $1750 level could send …

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• 12 October 2021 12:17 am

  U.S. material and energy stocks rose over oil prices surge

  

  Oil prices surged on Monday to significant highs, the move is boosting U.S. materials and energy stocks, but concerns that rising prices would worsen supply chain caused Wall Street to give up early gains.U.S. crude jumped 2.5% to $81.31 per barrel, a level not seen since late 2014, and Brent …

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• 11 October 2021 11:53 pm

  Investors still digest USD’s performance after NFP report

  

  The US dollar has significantly surged during the course of the trading session on Monday to start the week and slice through the ¥112.50 level.The dollar ticked up to a 2-1/2-year high versus the yen on Monday after a soft U.S. payrolls figure did little to alter market expectations that …

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• 11 October 2021 10:46 pm

  Rising tensions, rate cut drag Turkish lira to record low

  

  Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, adding to bearish momentum on the lira since the central bank unexpectedly cut interest rates in September. In addition, the latest statements by President Erdogan concerning the elimination of threats from …

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• 11 October 2021 10:10 pm

  White House stands by calls for OPEC+ to do more on oil prices

  

  The U. S. supports calls for OPEC+ to do more to manage the economic recovery worldwide, a White House official said on Monday, as crude prices hit multi-year peaks. The official noted that Biden’s administration is closely monitoring the cost of oil and gasoline and using every tool to address …

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• 11 October 2021 9:35 pm

  U. S. stocks rise on Big Tech strength

  

  U.S. stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation concerns in the run up to third-quarter earnings reports from later this week.The S&P 500 financial sector index rose 0.7%, while banks added 0.6% ahead of earnings reports from JPMorgan Chase & Co and Bank …

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