Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 19 October 2021 4:49 pm

  OECD: The World Will Face Enormous Financial Difficulties in The Coming Decades

  

  In its latest policy papers, the Organization for Economic Co-operation and Development (OECD) warned that the world will likely face massive financial difficulties in the coming decades, worse than the ballooning public debt seen during the COVID-19 pandemic. According to the long-term scenario, the slowdown in large emerging economies, demographic …

  Read More »
• 19 October 2021 4:12 pm

  J&J’s Coronavirus Vaccine Adds More Than $500 Million to Third-Quarter Sales

  

  Johnson & Johnson said it sold $502 million of its coronavirus vaccine in the third quarter, in its third-quarter financial statements that beat Wall Street earnings expectations. The company reported adjusted earnings per share of $2.60 per share, versus expectations of $2.35 per share. The company’s revenue came to $23.34 …

  Read More »
• 19 October 2021 2:41 pm

  The Dollar Falls With The Rise of Asian Stocks

  

  The safe-haven dollar fell on Tuesday to its lowest level in three weeks against other major currencies amid an improvement in risk appetite, as Asian stocks tracked the rise in US technology shares, and also amid signs that China’s property market problems could be contained. The Australian dollar, which is …

  Read More »
• 19 October 2021 1:43 pm

  Gold Rises With The Decline in The Dollar And US Bond Yields

  

  Gold futures fell on Friday, on pace to halt a three-session climb, as Treasury yields and U.S. benchmark stock indexes rose, Gold prices rose on Tuesday, October 19, as the dollar and US Treasury yields fell, providing some support for the precious metal despite the trend of central banks to …

  Read More »
• 19 October 2021 1:00 pm

  European Shares Rise on Tech

  

  European shares rose on Tuesday as technology stocks rose, tracking overnight gains from their Wall Street peers, offsetting losses in Swedish and healthcare firms’ Ericsson shares. The pan-European Stoxx 600 index was up 0.1 percent by 0708 GMT, with technology shares gaining 0.7 percent. Telecom equipment maker Ericsson fell 3 …

  Read More »
• 19 October 2021 12:35 pm

  Market Drivers – Asian Session 19-10-2021

  

  Japan’s Nikkei index closed higher on Tuesday, boosted by technology heavyweights that tracked the Nasdaq’s gains, even as worries spread ahead of the country’s corporate earnings season that begins next week. The Nikkei index closed up 0.65 percent to 29,215.52 points, and the broader Topix index rose 0.36 percent to …

  Read More »
• 19 October 2021 4:25 am

  Market Drivers – U. S. Session 18-10-2021

  

  US shares have undergone mixed performance, and tended to rise with the beginning of Monday’s trading session, attempting to overcome the impact of U. S. and Chinese data that cast negative shadows across the global markets after a decline in the growth of the second largest economy in the world.Economic …

  Read More »
• 19 October 2021 3:41 am

  White House pressures OPEC over supply

  

  U. S. Press Secretary Jen Psaki assured that the White House is continuing to press OPEC member states to address the crude oil supply issue. “I would also note that what we’re also working to address is more of a logistics issue of how we are moving supply around the …

  Read More »
• 19 October 2021 3:13 am

  EUR/USD improves amid risk sentiment

  

  EUR/USD has advanced during the New York trading session, up 0.07%, trading at 1.1610. During the session, market sentiment conditions improved despite a weaker than expected third quarter China’s GDP for the third quarter rose by 4.9% (YoY), lower than the 5.0% expected, which trailed the 7.9% increase of the …

  Read More »
• 19 October 2021 2:37 am

  U. S. to extend debt ceiling measures past 3 December

  

  Treasury Secretary Janet Yellen in a letter to Congress said that the Treasury must use extraordinary measures before 3 December 3 to meet all its obligations. She urges a long term debt ceiling increase.Yellen said the extended debt issuance suspension period would mean that Treasury would continue its suspensions of …

  Read More »
• 19 October 2021 2:21 am

  Polish Prime Minister: EU bloc’s future at risk

  

  Polish Prime Minister Mateusz Morawiecki has warned that overreach by some of the EU institutions is a threat to the future of the bloc.In a letter to the EU’s 27 national leaders, Morawiecki defended his country’s actions, saying that the Commission is dangerously overstepping the limits of its powers by …

  Read More »
• 19 October 2021 2:09 am

  Fresh attempt to change Eurozone’s rules

  

  Later Monday, the European Commission will officially start consultation and discussion on whether and how to reform the Eurozone’s fiscal rules.Over the past 20 years the Stability and Growth Pact (SGP) has been one of the most contentious pillars of the monetary union. Despite all current shortages in the global …

  Read More »
• 19 October 2021 12:21 am

  Oil prices erased earlier gains over global demand

  

  Crude oil prices erased earlier gains, Monday, as the global energy crisis won’t require added crude demand for the rest of October due to warmer weather.The Commodity Weather Group anticipates that the US will have warmer than normal weather for the remaining days of October.Oil prices have been skyrocketing on …

  Read More »