Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 14 October 2021 4:50 pm

  Weekly Initial Jobless Claims Decline to 293K

  

  There were 293,000 initial claims for unemployment benefits in the US during the week ending October 9, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 329,000 (revised from 326,000) and came in better than the market expectation of …

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• 14 October 2021 3:47 pm

  Oil Prices Rise on Thursday as US Inventories Fall

  

  Oil prices rose on Thursday, reversing earlier losses, as larger-than-expected drawdowns in US gasoline and distillate inventories prompted buying, and the rally was also supported by expectations that higher natural gas prices as winter approaches will shift to oil to meet heating demand. Brent crude futures rose 67 cents, or …

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• 14 October 2021 3:19 pm

  Gold Rises to Its Highest Level in a Month

  

  Gold price is posting strong gains in midday U.S. trading Wednesday, hitting 4 week highs. Buy stop orders were hit in the futures markets after key technical resistance levels were penetrated on the upside.A selloff in the U.S. dollar index today also worked in favor of the precious metal market …

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• 14 October 2021 2:51 pm

  German Economy Ministry: Significant GDP Increase is Likely in Q3

  

  The German Economy Ministry said in its latest report that it expects a significant increase in the gross domestic product in the third quarter of this year, thanks to growth in the service sector. “Separately, the German economic institutes cut the 2021 growth forecast to 2.4% from the 3.7% previous …

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• 14 October 2021 2:26 pm

  The Dollar Falls to Its Lowest Level in 9 Days

  The dollar hit a 9-day low against major currencies, reversing its recent rally, while the British pound, Australian, and New Zealand dollars advanced. The dollar rose in September and since the beginning of October on expectations that the US central bank will tighten monetary policy faster than expected, but it …

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• 14 October 2021 1:27 pm

  Japanese Stocks Rise, Following The Rise of The Nasdaq

  

  Japanese shares rose at the close on Thursday, led by technology shares that followed the Nasdaq market’s gains, with Tokyo Electron, the largest source of the Nikkei’s rise. The Nikkei index rose 1.46 percent to close at 28,550.93 points, after falling for two consecutive sessions. The broader Topix index rose …

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• 14 October 2021 12:51 pm

  Market Drivers – Asian Session 14/10/2021

  

  The Nikkei 225 rose 1.46% to close at 28,551. The broader TOPIX index rose 0.67% on Thursday, as Japanese technology heavyweights carried the index higher and following dovish comments from a BoJ board member. Australian Bureau of Statistics data revealed that the labor market recorded a mixed performance during September, …

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• 14 October 2021 4:19 am

  Market Drivers – U. S. Session 13-10-2021

  

  Consumer Price Index data from the U. S. Labor Department and FOMC minutes represented the key market drivers on Wednesday. Inflation is still steering the both the U. S. economy and fiscal policy as prices continued their ascent in September. Social Security benefits will rise 5.9% in 2022, the highest …

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• 14 October 2021 3:07 am

  Erdogan fired 3 fiscal policy committee members

  

  Turkey’s President Tayyip Erdogan dismissed three central bank monetary policy committee members on Thursday. Erdogan appointed two new members in their place according to the Turkish Official Gazette, sending the lira to new record lows. Erdogan appointed Taha Cakmak as a deputy central bank governor and Yusuf Tuna as an …

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• 14 October 2021 2:56 am

  REINZ: House values continue upward

  

  Prices of residential property across New Zealand rose by 15.4% to $795,000 in September 2021 compared to $689,000 in September 2020, according to the latest data from the Real Estate Institute of New Zealand (REINZ).Seven out of 16 regions reached new record median prices, the most since April 2021. Nine …

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• 14 October 2021 2:14 am

  AUD/USD holds second place on the lead

  

  AUD/USD is second whereas the Canadian dollar holds first place on Wednesday in New York closing in the countdown just hours before Thursday’s Asian session’s key event that will reveal Australia’s jobs data for September.At the closing bell, AUD/USD was 0.45% higher on the day at 0.7380 after moving from …

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• 14 October 2021 1:56 am

  Strong Exports in September Boosts China’s Economy

  

  China’s yuan inched higher against the dollar on Wednesday, as investors digested upbeat exports data and shifted focus to whether the central bank would overturn maturing loans later this week.In the spot market, the onshore yuan opened at 6.4509 per dollar and touched 6.4449, before ending at 6.4452, 20 pips …

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• 14 October 2021 12:47 am

  WTI oil breaks below $80.00 despite USD’s weakness

  

  Western Texas Intermediate crude oil benchmark hardly progresses by 0.05%, it is trading at $79.94 during the New York session.The market sentiment improved through the U.S. session, as depicted by U. S. equity indexes rising between 0.01% and 0.65%. The U.S. dollar Index, which influences the price of crude oil, …

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