Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 26 October 2021 10:35 pm

  WTI surges above $84.00 as USD reaps gains

  

  WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …

  Read More »
• 26 October 2021 10:16 pm

  USD/CHF hovers around 0.9200 after failure at 0.9225

  

  The U. S. dollar has hesitated around 0.9200 on Tuesday. As the USD/CHF pair was able to rebound from 7 week lows at 0.9150, it found resistance at 0.9225 earlier today. As for the broader picture, the USD/CHF remains trapped within a clear downtrend from September highs at 0.9365. The …

  Read More »
• 26 October 2021 9:38 pm

  Bank of Canada faces challenges on surging inflation

  

  The Bank of Canada will continue pulling back its stimulus that has been in place to support the economy at a policy decision this week, paving the way for the start of interest rate increases next year amid inflation concerns.Governor Tiff Macklem is expected to reduce weekly government bond purchases …

  Read More »
• 26 October 2021 9:29 pm

  Eurozone banks raise bar for mortgages in Q3

  

  A European Central Bank survey showed on Tuesday that Eurozone banks tightened access to mortgages in the three months to September and expect to continue the same rule in the Q4 of 2021.ECB policymakers are set to take stock of the economic situation at a meeting on Thursday, paving the …

  Read More »
• 26 October 2021 9:19 pm

  EU official: Brexit an economic catastrophe for UK

  

  European Commissioner for the Internal Market Thierry Breton said Tuesday that the decision to leave the European Union has resulted in an economic catastrophe for Britain. Breton‘s statements came during an interview with French broadcaster BFMTV.“Look at what’s going on with store shelves … with the restocking of fuel … …

  Read More »
• 26 October 2021 8:25 pm

  Lockheed Martin shares surge by 11.4% amid supply chain issues

  

  Lockheed Martin shares surged by 11.4% Tuesday as the defense equipment manufacturer lowered its 2021 revenue guidance after supply chain issues kept its Q3 figures behind expectations.The maker of F-35 fighter jets cut its 2021 revenue expectation by 2.5%, to $67 billion, and said next year’s revenue could fall to …

  Read More »
• 26 October 2021 8:05 pm

  S&P 500 hits record high on tech strength, earnings optimism

  

  The S&P 500 Index hit a record high on Tuesday over the positive earnings of Tesla, Nvidia and other Tech companies, while upbeat results from UPS and GE raised optimism around the earnings’ season.Tesla rose 5.4%, extending a record round that helped the electric carmaker surpass $1 trillion in market …

  Read More »
• 26 October 2021 7:53 pm

  Oil prices surge and could break $100/Bbl

  

  Oil prices surged Tuesday, near multi year highs as the market remains tight given increasing fuel demand due to cold weather, particularly in the U.S., and only gradual increases in supply.U.S. crude futures were up 0.5% at $84.16 a barrel, while Brent futures were up 0.4% at $85.50 a barrel. …

  Read More »
• 26 October 2021 7:06 pm

  U.S. consumer confidence improves in October

  

  The index of U.S. consumer confidence rose to 113.8 in October from a revised 109.8 in September.The index has risen in October for the first time in four months, since June to 113.8 as concerns around the delta variant eased.The Conference Board’s index advanced to 113.8 from an upwardly revised …

  Read More »
• 26 October 2021 6:24 pm

  Market Drivers – European Session 26-10-2021

  

  During the currency market’s trading today, Tuesday, the New Zealand dollar recorded strong profits and was the most profitable major currency by about 1.63%, benefiting from some positive developments in the currency market, which positively affected its trading, especially the statements of New Zealand Reserve Governor Adrian Orr. During his …

  Read More »
• 26 October 2021 6:19 pm

  US: New Home Sales Surge by 14% in September

  

  New Home Sales in the US surged by 14% in September compared to a contraction of 1.4% in August, the data published by the US Commerce Department revealed on Tuesday. This reading surpassed the market expectation for an increase of 1.5% by a wide margin. the median sale price rose …

  Read More »
• 26 October 2021 5:52 pm

  US Indices Rise on Corporate Results

  

  US stock futures rose in morning trading on Tuesday as investors awaited a streak of major technology gains as the broader market hit a record high, and Dow Jones futures rose nearly 114 points. The S&P 500 and Nasdaq 100 futures were also trading solidly in positive territory.The shares of …

  Read More »
• 26 October 2021 4:47 pm

  UK CBI Retail Sales Balance Improves to 30 in October

  

  The Confederation of British Industry’s (CBI) latest Distributive Trades Survey showed on Tuesday that the Retail Balance in the UK improved to 30 in October compared to 11 in September. the Sales Expectations Balance advanced to 35 for November, compared to 29 for October. Finally, the stock levels in relation …

  Read More »