Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 28 September 2021 11:58 pm

  Senator Opposes Dangerous Powell for Second Term

  

  Senator Elizabeth Warren said that she would not support Federal Reserve Chair Jerome Powell for a second term as head of the U.S. central bank.Warren said, Tuesday, that Powell’s record gives her grave concern. Warren’s statement was during a Senate Banking Committee hearing.The Senator argues that Powell acted to make …

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• 28 September 2021 10:07 pm

  Western Europe world’s largest crypto economy by virtue of DeFi

  

  After China’s latest crackdown on digital currency activities, and according to new data from blockchain labs, China’s growth in crypto trading by volume fell deeply after last week’s restrictions. Most Western European countries have turned into the world’s largest crypto economy, receiving USD 1 trillion over the last year, or …

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• 28 September 2021 9:39 pm

  Commodity price surge deals blow to World economy

  

  The world economy is encountering a significant increase in forces resulting in simultaneous increase in inflation and stagnation of economic output, as surging energy prices boost inflation and, accordingly, slow the recovery from the recession that has been among the major impacts of the pandemic.Crude pushed past $80 for the …

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• 28 September 2021 8:34 pm

  USD/CAD jumps up to 1.2700 over Treasury yields

  

  As Tuesday’s American trading session opened, the USD/CAD was trading at 1.2700, up by 0.59%.The USD/CAD pair has risen on the back of higher U. S. Treasury yields and the fall of the market’s risk sentiment.The U. S. 10-year Treasury yield reached a fresh two-month high at 1.567%. The fall …

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• 28 September 2021 8:05 pm

  Lagarde warns against overreacting to temporary price shock

  

  ECB President Christine Lagarde said that the European Central Bank should be cautious of withdrawing stimulus too quickly, a statement by which Lagarde has distanced the European Central Bank from the move towards tighter monetary policy by many other central banks.ECB sees inflation going further above 3%, but expected to …

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• 28 September 2021 7:52 pm

  Lagarde assesses monetary policy during unusual recovery

  

  President of the European Central Bank, Christine Lagarde spoke before ECB Forum on Central Banking. Her speech was entitled: “Beyond the pandemic: the future of monetary policy”.Lagarde has pointed out that the economy is back from the brink, but not completely out of the woods. After a highly unusual recession, …

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• 28 September 2021 7:39 pm

  Powell to Congress: Inflation will stay high

  

  The Federal Reserve banks of Dallas and Boston have announced that their presidents, Robert Kaplan and Eric Rosengren consider resignation following reports of their investment trading activity, which spurred calls for the Fed to review its ethics rules.Kaplan acknowledged in a statement his stock trading distracted from the central bank’s …

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• 28 September 2021 4:58 pm

  The US Dollar Rises Boosted by Treasury bonds

  

  The US dollar advanced for the third day in a row on Tuesday, boosted by a rise in Treasury yields ahead of a large number of Fed speakers this week who may confirm expectations to start reducing asset purchases before the end of the year, and the benchmark US 10-year …

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• 28 September 2021 4:28 pm

  Nasdaq Futures Drop 1.6% as Bond Yields Rise

  

  US stock futures fell 1.6 percent on Tuesday, September 28, as the Nasdaq index futures suffered a sharp decline as rising bond yields pressured technology stocks. Nasdaq100 futures fell 1.6%, S&P500 futures fell 0.8%, while Dow Jones Industrial Average futures lost about 114 points or 0.3%. The 10-year Treasury yield …

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• 28 September 2021 3:01 pm

  The Two-Year US Bond Yield Rose to Its Highest Level Since March 2020

  

  The US two-year bond yield rose to an 18-month high, as expectations of the Federal Reserve continually curtailing its asset purchases. According to Bloomberg, the yield rose 3 basis points on Tuesday to 0.31%, after Monday’s auction saw weak demand. US bond yields have been rising since last week when …

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• 28 September 2021 2:41 pm

  German Consumer Sentiment Rises

  

  German consumer sentiment rose against expectations as October reached its highest level in a year and a half, according to a survey published on Tuesday, September 28, in a sign that households continue to support the recovery in Europe’s largest economy. The GfK institute said its consumer confidence index, which …

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• 28 September 2021 1:51 pm

  European Shares Fall on Losses in Technology

  

  European shares rebounded during trading on Tuesday, September 28, as a jump in government bond yields pressured high-growth technology stocks, in addition to the emergence of new indications of a slowdown in the Chinese economy that cast a shadow on investor sentiment. The European STOXX 600 index fell 0.4%, declining …

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• 28 September 2021 1:25 pm

  Gold Awaits The Fed Chairman’s Testimony

  

  Gold rose in Tuesday morning trading in Asia. However, a stronger dollar and higher US Treasury yields capped the yellow metal’s gains, and investors are waiting for more clues from US Federal Reserve officials about when they will start reducing asset purchases and raising interest rates. Gold futures were also …

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