Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 9 October 2021 3:12 am

  BoE: inflation could trigger global selloff, harm UK

  

  The Bank of England has warned that rising inflation could trigger a selloff in global financial markets, with a damaging impact on the UK economy.BoE expects inflation will rise above 4% this winter, and will remain elevated until at least the summer of 2022 before gradually falling back towards its …

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• 9 October 2021 1:24 am

  Stocks close lower but S&P 500 still on weekly gain

  

  Stocks closed in the red on Friday as investors digested a key report on the labor market’s recovery, which showed a much weaker than expected growth of hiring in September. The S&P 500 fluctuated between gains and losses throughout the day, trading choppily like recurrent waves after three successive sessions …

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• 9 October 2021 1:06 am

  EUR/USD stabilizes around 1.1570 on NFP report

  

  EUR/USD has risen above Thursday’s daily highs is trading at 1.1572, gaining 0.17% during the New York session. Earlier in the American session, it reached a daily high at 1.1586, but as most G8 currencies, retreated the move.Despite an awful US employment report, the market seems aware that nothing will …

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• 8 October 2021 11:05 pm

  Biden keeps Americans waiting 90 minutes for comments on poor jobs report

  

  U. S. President Biden on Friday brushed off a second month of disappointing jobs growth figures, claiming “monthly totals bounce around” before walking off without taking reporters’ questions.Biden spoke about 90 minutes later than scheduled and emphasized that the unemployment rate dropped to 4.8 percent in September; the lowest since …

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• 8 October 2021 10:52 pm

  Quiet revolution in German economy by Scholz

  

  At the meeting of finance ministers of the Eurozone in Luxembourg on Oct. 4, one prominent regular attendee was missing. Olaf Scholz, Germany’s finance minister and vice chancellor since 2018, was otherwise occupied in Berlin.Eight days earlier, his Social Democratic Party had won national elections under his leadership, making him …

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• 8 October 2021 10:39 pm

  Will slow job growth impact Fed’s tapering?

  

  U.S. jobs rose by 194,000 in September, below economists’ average estimates for a gain of 500,000 jobs, the Labor Department reported Friday. But the data was mixed, with August’s jobs number revised upward by 131,000.The combination may give the U.S. Federal Reserve more flexibility after Chair Jerome Powell signaled recently …

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• 8 October 2021 10:05 pm

  Indexes step into confusion zone after NFP data

  

  Investors’ prevalent sentiment tends to be overwhelmed by hesitation and confusion which have become an inseparable part of the scene because the implications of the NFP jobs data announced Friday.The stock market was wavering on Friday after the September jobs report missed estimates, though the data were better than the …

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• 8 October 2021 9:35 pm

  U.S. oil drilling rigs up for fifth successive week

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by five to 433 this week. That followed increases in each of last four weeks. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by five to stand …

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• 8 October 2021 8:56 pm

  Weak job numbers are good news for gold

  

  The job data announced Friday by the Labor Department imply more dollar-printing from the Federal Reserve until investors have a rethink.While America gained only 194,000 positions in September, upside revisions and silver linings such as temporary Delta-related halts changed the direction.As the expectation for Fed’s tapering has become lower, the …

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• 8 October 2021 8:31 pm

  U.S. Job Growth Slowest in 2021

  

  U.S. job growth fell to the slowest pace of 2021 in September, as the Delta variant and a persistent shortage of workers restrained the ability of companies to hire or attract more workforce. The U. S. economy created 194,000 jobs in September, the smallest gain since December 2020 and down …

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• 8 October 2021 7:22 pm

  Wall Street shows no big panic at mixed jobs data

  

  America added far fewer jobs in September than expected, but investors didn’t seem too disappointed. Stocks were flat Friday as Wall Street took to some comfort that the unemployment rate continues to drop after the pandemic-fueled spike last year.The Dow rose about 20 points, or 0.1%, shortly after the opening, …

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• 8 October 2021 4:35 pm

  The U.S. Nonfarm Payrolls Rise in September

  

  Nonfarm Payrolls (NFP) in the US rose by 194,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading missed the market expectation of 500,000 by a wide margin. On a positive note, August’s print of 235,000 got revised higher to 366,000. the …

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• 8 October 2021 2:35 pm

  Dollar Rises Ahead of NFP

  

  The dollar rose against the major currencies, but within a narrow range, as traders awaited the monthly jobs report for clues on the pace of the return of the Federal Reserve’s policies (the US central bank) to normalcy. The dollar index, which measures the performance of the US currency against …

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