Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 27 October 2021 11:10 pm

  Foreseeable Debt limit row still seeking reconciliation

  

  Raising the debt limit has become more of a partisan battleground, resulting in perennial crises that threaten to undermine global faith in American markets and push the U.S. economy to the edge of recession.After raising the debt limit before default deadline, earlier this month, Congress still needs to tackle the …

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• 27 October 2021 10:32 pm

  Inflation will last longer over supply chain difficulties

  

  The largest U.S. manufacturers including do encounter logistics headache and higher costs as a result of global supply bottlenecks that could continue into 2022, but most companies agree that the hit to profits can be compensated by charging higher prices for their goods.Companies globally pushed the alarm button reiterating that …

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• 27 October 2021 9:29 pm

  Bitcoin’s slide from record highs evidencing volatility

  

  The price of one Bitcoin fell more than 5% Wednesday and was trading around $59,000, 12% below its record high only one week ago.Similar steep drop for any other financial, like a stock or bond within such a short time would mean a market correction. For bitcoin, it is just …

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• 27 October 2021 8:29 pm

  Gold prices try to impacted by U.S. steady manufacturing

  

  Gold prices try to hold on humble gains impacted by economic data showing steady momentum in the U.S. manufacturing sector.U.S. durable goods orders declined by 0.4% in September, following August’s increase of 1.3%. The data was better than expected; namely a decline of 1.1%.Excluding transportation, new orders rose by 0.4% …

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• 27 October 2021 8:14 pm

  Do BoC’s signals pressure U. S. Fed?

  

  Short term U.S. Treasury yields leapt higher Wednesday after the Bank of Canada shut down its QE program and signaled for an early 2022 interest rate hike only some days before November’s awaited Fed policy meeting.Treasury yields jumped higher Wednesday, pushing major stock indices into the red zone, after the …

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• 27 October 2021 7:27 pm

  Bank of Canada ends quantitative easing

  

  The Bank of Canada took a new major step to pull back on the amount of stimulus it has been providing to support the domestic economy on Wednesday.The latest step constitutes ending net new purchases through its quantitative easing program and moving up its forecast for when it could decide …

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• 27 October 2021 7:07 pm

  German 10 year yield lowest in over a week

  

  German 10-year bond yield retreated to the lowest in more than a week, a development that caused yield curve to be flattened on Wednesday.After a brief break, the government yield curves across developed markets are back to flattening over the last couple of successive sessions.This low reflects concern that central …

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• 27 October 2021 6:16 pm

  BoC Leaves Policy Rate Unchanged

  

  The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the October policy meeting as expected. More importantly, the BoC decided to end its weekly purchases of the government of Canada bonds, the quantitative easing program. The policy statement revealed that the …

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• 27 October 2021 6:13 pm

  Market Drivers – European Session 27-10-2021

  

  US stocks rose slightly at the open on Wednesday, supported by a fresh batch of strong earnings reports. The Dow Jones Industrial Average rose 78.55 points, or 0.22 percent, to open at 35,835.43 points. The Standard & Poor’s 500 index rose 5.43 points, or 0.12 percent, to 4,580.22 points. The …

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• 27 October 2021 4:56 pm

  US: Durable Goods Orders Decline in September

  

  Durable Goods Orders in the United States declined 0.4%, or $1 billion, in September to $261.3 billion, the data published by the US Census Bureau showed on Wednesday. This reading followed August’s increase of 1.3% and came in better than the market expectation for a contraction of 1.1%.

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• 27 October 2021 3:16 pm

  German Economy Ministry: 2021 GDP Forecast Lowered in April

  

  Germany’s economy ministry announced on Wednesday that they have lowered the 2021 growth forecast to 2.6% from 3.5% reported in April, per Reuters. Raised 2022 GDP forecast to +4.1% from April forecast of +3.6%. Expecting GDP growth of +1.6% in 2023.

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• 27 October 2021 2:45 pm

  BoC: Forecasts From Three Major Banks

  

  The Bank of Canada (BoC) will announce its monetary policy decisions at 14:00 GMT. here are the expectations as forecast by the economists and researchers of Three major banks TDS “We expect the BoC to argue that the inflation surge is largely transitory, and to hold forward guidance for the …

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• 27 October 2021 1:54 pm

  European Shares Fall on Lower Mining Sector

  

  European shares fell on Wednesday, with mining stocks leading losses after concerns about Chinese government intervention impacting metal prices, while mixed corporate earnings data kept investors on the alert. The pan-European Stoxx 600 index fell 0.2 percent but settled just below its August high. Asian technology stocks fell on an …

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