Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 17 September 2021 12:31 pm

  Japan Shares Close With Gains For The Fourth Consecutive Week

  

  Japanese stocks closed higher on Friday, September 17th, posting gains for the fourth consecutive week, as chip heavyweights jumped and some investors contributed to the latest gains. Hopes for new political leadership, an increase in COVID-19 vaccinations, and a decline in infections rose to the Nikkei index by an average …

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• 17 September 2021 4:39 am

  CAD disappointed by poor employment data

  

  GBP/CAD exchange rate was driven by movements in the Canadian Dollar linked to the rise of oil prices this morning, but CAD has since dell under pressure from disappointing employment data.The GBP/CAD pair has been traded at CAD 1.7475, unchanged from today’s opening level. The Canadian currency has obviously relinquished …

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• 17 September 2021 4:37 am

  Why is Chinese Evergrande close to collapse?

  

  Debt and crisis are the two key word while understanding why Evergrande Group, once China’s second-largest real estate developer, is approaching a collapse that could be catastrophic.Debts are mainly due to deposits from about 1.5 million people against new houses that have not been built yet, this is why Evergrande …

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• 17 September 2021 4:36 am

  Crude oil pulls back slightly

  

  The U. S. WTI crude oil market has pulled back slightly during the latest trading session on Thursday at USD 71.50 level after investors believed it would end the session unchanged at USD 72.61 a barrel.This slight low comes after crude oil climbed to the highest since 2 August, on …

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• 17 September 2021 1:35 am

  QE measures guide EUR/USD latest action

  

  Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …

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• 17 September 2021 1:29 am

  Canadian Stocks Fall on Drop in Commodity Shares

  

  The Toronto Stock Exchange S&P/TSX index declined 92 points, or 0.4% to 20,602 on Thursday.This low has been driven by a drop in commodity-linked stocks as gold futures fell to one-month lows and as China reiterated plans to release more metals from its reserves.WTI crude stabilised near a 6-week high …

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• 16 September 2021 10:45 pm

  US Dollar Spiked Up to a Fresh September High

  

  The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …

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• 16 September 2021 8:44 pm

  Wall Street Turns Red after a New Jump in U. S. Jobless Claims

  

  Wall Street fell after disappointing jobs data, ignoring improvement in retail sales, as investors weigh mixed signals in the latest U.S. economic data. The Dow Jones Industrial Average lost 200 points and moved down 0.5%, coinciding with weekly jobless claims that rose and August’s retail sales unexpected jump. The S&P …

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• 16 September 2021 6:19 pm

  U.S. Major Indexes Trading Mixed after U.S. Macro Data

  

  US stocks are trading mixed at the US session, and financial stocks post solid gains with higher US Treasury yields. Despite expectations of declining retail sales due to a rapidly spreading delta mutator, US retail sales unexpectedly rose in August by 0.7% to $618.7 billion. The Philadelphia Fed Manufacturing Index …

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• 16 September 2021 4:40 pm

  U.S. Dollar Stumbles, Eyes on Fed

  The dollar moved near the middle of its trading range over the past month against major currencies on Thursday, September 16th, as traders look to the Federal Reserve meeting next week, in search of indications of when the US central bank will begin to taper. The dollar index, which measures …

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• 16 September 2021 4:33 pm

  US Retail Sales Rise by 0.7% in August

  

  Retail Sales in the US rose by 0.7% on a monthly basis in August, the data published by the US Census Bureau revealed on Thursday. This print surpassed the market expectation for a decrease of 0.8% by a wide margin.

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• 16 September 2021 3:55 pm

  China Says it Has Completed Vaccinating More Than 70% of Its Population Against COVID-19

  

  China has completed vaccinating more than 70 percent of its 1.4 billion people against COVID-19 with full doses, data released by health authorities on Thursday showed. A total of 1.01 billion people in China had received full doses of vaccines as of September 15, Mi Feng, a spokesman for the …

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• 16 September 2021 3:16 pm

  The Euro Fell to Weekly Lows

  

  EUR/USD is revisiting weekly lows at 1.1770 with selling bias around the Euro. No major support levels until 2021 lows of 1.1660. The euro currently trades at $1.1764. On the other hand, Deutsche Rohstof believes that the average price of the euro for 2022 will be $1.20, which is lower …

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