Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 21 September 2021 11:53 pm

  Ripple Legal Team: No plans to settle lawsuit with SEC

  

  Ripple Labs’ legal team said that there is no intention to reach a settlement in their lawsuit with the U.S. Securities and Exchange Commission.The top US financial regulator alleges that Ripple has been selling XRP as an unregistered securities since 2013. The legal battle began in December 2020 AND provides …

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• 21 September 2021 11:35 pm

  Shell’s Texas assets Sale is biggest recent transaction

  

  Royal Dutch Shell said it was selling off all oil and gas assets in Texas’s Permian Basin for USD 9.5 billion in cash. The buyer is ConocoPhillips.The sale deal covers the net of 225000 acres of land in the Permian, accounting for the production of 175,000 barrels of fuel per …

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• 21 September 2021 10:34 pm

  Oil fluctuates with Fed meeting in Focus

  

  New York’s stock markets witnessed a mixed move of futures that switched between gains and losses on Tuesday. The U.S. central bank will meet, Wednesday, to decide on the fate of asset purchases. Officials are expected to hold interest rates near zero.Tapering of the Fed’s USD 120 billion in monthly …

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• 21 September 2021 10:20 pm

  Basel Committee warns of restrictive crypto rules

  

  The global financial industry has urged regulators all over the world to avoid imposing strict capital rules on digital assets.Warning is gaining momentum because such regulatory requirements are most probable to drive activity underground and, therefore deprive banks of the benefits of crypto technology.Trade groups as well as representatives of …

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• 21 September 2021 10:16 pm

  OECD: U. S. economic recovery has slowed

  

  The Paris-based Organization of Economic Cooperation and Development said, Tuesday, that the U.S. economy is losing drive on its path to recovery from the coronavirus pandemic.OECD forecast that gross domestic product would grow 6% in 2021, down nearly 1 percentage point from last May. The OECD previously predicted GDP would …

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• 21 September 2021 5:04 pm

  US: Philly Fed Nonmanufacturing Index Drops in September

  

  The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell sharply to 9.6 in September from 39.1 in August.

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• 21 September 2021 4:47 pm

  US: Housing Starts Rise by 3.9% in August

  

  Housing Starts in the US rose by 3.9% on a monthly basis in August after declining by 7% in July, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Tuesday.

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• 21 September 2021 3:36 pm

  BoJ Decision: Forecasts From Three Major Banks

  

  The Bank of Japan (BoJ) will announce its policy decision on Wednesday, September 23 at 05:00 GMT. here are the expectations forecast by three major banks. SocGen “Given that the fifth wave of the coronavirus has begun to be contained, we expect that the BoJ will maintain its current main …

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• 21 September 2021 2:48 pm

  UAE Energy Minister: Low Gas Prices Are Not Sustainable

  

  UAE Minister of Energy Tuesday, September 21, said that low gas prices are not sustainable, stressing that the recent increase occurred because of the key factors of the market, in addition to the lack of investment in the sector. Minister Suhail Al Mazrouei said at a sector conference in Dubai …

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• 21 September 2021 1:48 pm

  Reuters: OPEC+ Commitment to Oil Cuts Increased to 116% in August

  

  Two sources from the group of OPEC+ oil producers told Reuters that the group’s commitment to production cuts increased to 116 percent in August from 109 percent in July.

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• 21 September 2021 1:12 pm

  Japan Shares Close Lower on Evergrande

  

  Japanese stocks tracked the decline in global markets, closing lower on Tuesday, as investors abandoned risky assets on fears of a possible default by China’s Evergrande Group, but some buying to seize opportunities helped limit losses. The Nikkei index fell 2.17 percent to close at 2,9839.71 points, its biggest drop …

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• 21 September 2021 12:36 pm

  Oil Rises 1% Amid Signs of Tight US Supplies

  

  Oil prices rose on Tuesday, September 21, after analysts pointed to signs of tight US supplies, ending a series of losses that lasted for days, while global markets still haunted by the specter of the potential impact on the Chinese economy from the crisis of the debt-burdened real estate group …

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• 21 September 2021 8:10 am

  Evergrande could trigger a global market crisis

  

  A looming debt-related default by Chinese Evergrande Group has suddenly shook up financial markets from Asia to Europe and the United States. On Monday, major banks were told that they will not collect interest payments on loans that are outstanding, while interest payments of USD 84 million on the company’s …

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