Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 7 October 2021 12:45 pm

  An Unexpected Increase in US Inventories Puts Pressure on Oil Prices

  

  Oil prices fell for the second session, under pressure from an unexpected increase in US crude inventories that raised concerns about demand after prices rose to their highest levels in many years. US crude fell 0.67 percent, or 52 cents, to $76.91 a barrel before the opening of European markets, …

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• 7 October 2021 12:16 pm

  Japan’s Nikkei Ends 8-Day Losing Streak

  

  The Japanese Nikkei index rose after 8 consecutive sessions of losses, as signs of progress in US political negotiations over the debt ceiling provided an incentive to snap deals, but the broader Topix failed to sustain the gains. Investors have repurchased battered stocks that recently suffered losses on concerns that …

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• 7 October 2021 2:53 am

  U. S. Stock futures slightly higher over easing debt ceiling concerns

  

  U.S. stock futures slightly surged higher Wednesday night after the Dow Jones Industrial Average reclaimed a 459-point loss from earlier hours of the trading session as investor concerns on a debt ceiling deal eased.Dow Jones Industrial Average futures rose 42 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed …

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• 7 October 2021 2:24 am

  House Democrat calls for depriving Congress from debt limit authority

  

  A House Democrat on Wednesday called for a long term solution to the deadlock over avoiding a debt default later this month by taking away the debt ceiling authority from the Congress altogether to prevent parties from playing with political fire around the debt limit.Rep. Brendan Boyle along with House …

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• 7 October 2021 2:08 am

  Led by market sentiment, AUD/USD recovers some daily losses

  

  After reaching a daily low at 0.7225, the AUD/USD pair was able to trim some of its losses, stills down by 0.22%, is trading at 0.7275 during the New York session.Market sentiment struck the Asian and the European session amid surging energy prices and worldwide higher yields, these factors ignited …

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• 7 October 2021 1:57 am

  August’s data: German factory orders sharply declined

  

  Official figures showed Wednesday that Factory orders in Germany declined by 7.7% in August compared with the previous month, this development was led by much lower demand from countries outside the Eurozone. The drop in orders, a leading indicator for Europe’s biggest economy, followed month on month gains of 4.6% …

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• 7 October 2021 1:19 am

  Bank of America hikes its minimum wage to $21 an hour

  

  Bank of America is now paying its U.S. workforce at least $21 an hour; nearly three times the federal minimum wage of $7.25, which has not moved in 10 years even though a majority of Americans support an increase.The pay hike announced by the nation’s second-biggest bank on Wednesday follows …

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• 7 October 2021 12:57 am

  Democrats indicate short-term debt ceiling increase approved

  

  Democratic Senator Chris Coons, a close ally of President Biden, told CNN that while the caucus was still meeting, his overwhelming impression was that Minority Leader Mitch McConnell had blinked and Democrats would look to push ahead with a short-term increase of the debt limit.Coons, however, warned that Democrats would …

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• 7 October 2021 12:31 am

  McConnell offers short term debt ceiling extension

  

  The Dow Jones Industrial Average rallied after President Joe Biden met with top CEOs, spurring a GOP debt ceiling offer. The debate on the U. S. debt ceiling has eased after Senate Minority Leader Mitch McConnell offered on Wednesday a short-term suspension to avert a national default and economic crisis …

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• 6 October 2021 11:53 pm

  Bitcoin’s $50000 to hold support in Q4

  

  Bitcoin’s meteoric rise above $50,000 this week is likely to continue well into the fourth quarter on rising market sentiment considerations.The October edition of the Bloomberg Galaxy Crypto Index, which provided an overview of where digital assets could be headed for the rest of the year, was out Tuesday.The report …

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• 6 October 2021 11:43 pm

  U. S. considers taming fuel price surge by emergency oil reserves

  

  U. S. Secretary of Energy Jennifer Granholm has said the administration is facing a politically dangerous rise in gasoline prices, raising the prospect of releasing crude oil from the government’s strategic petroleum reserves. The White House’s average price of gasoline in pumps has remained at $ 3.19 a gallon (the …

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• 6 October 2021 11:18 pm

  WTI crude oil futures settle at $77.43

  

  The price of West Texas Intermediate crude oil futures are settling at $77.43. That is down $1.50 or -1.9%. The price is settling near the lows for the day at $77.06. The high for the day was up at $79.78.The move to the downside was helped by comments early in …

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• 6 October 2021 11:09 pm

  Biden urges lawmakers to act on U. S. debt ceiling

  

  U. S. Joe Biden met with business leaders on debt ceiling. Biden reiterated that raising the debt limit is about paying what the Americans owe.Biden also stressed that any action regarding raising the debt limit should be bipartisan. Senate Republicans are threatening to stop the debt limit increase by using …

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