Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 6 September 2021 3:51 pm

  Reuters: Bank of Canada Expected to Raise Rates to in Q4

  

  All 34 economists that took part in a recently conducted Reuters poll said that they expect the Bank of Canada to leave its policy rate unchanged at the September 8 meeting. Further details of the survey revealed that the median view was for the BoC to raise its policy rate …

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• 6 September 2021 2:46 pm

  Currencies Overview: The US Dollar Recovers From Its Losses

  The dollar rose in early European trade on Monday, but remained near a one-month low, as Friday’s disappointing jobs report dampened expectations of an early tapering. At 9:04 am GMT, the DXY dollar index, which measures the greenback against a basket of six other currencies, rose 0.15% to 92.25 points, …

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• 6 September 2021 1:25 pm

  Eurozone Investor Sentiment Deteriorates in September

  

  Monday’s survey revealed that investor sentiment in the eurozone fell further in September, driven by another sharp drop in expectations on concerns that new COVID-19 restrictions may slow business activities. The Sentix index for the eurozone fell to 19.6 points from 22.2 points in August. This is the lowest reading …

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• 6 September 2021 12:26 pm

  Gold Rises Near a Two-And-Half Month High

  

  Gold prices rose on Monday, hovering around a two-and-a-half-month peak after disappointing US jobs data raised hopes that the Federal Reserve may wait a little longer to scale back its stimulus measures. Gold spot transactions 0.1 percent to $ 1827.82 an ounce. In the previous session, prices rose to their …

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• 6 September 2021 11:57 am

  Nikkei Rises 1.28% at The Beginning of Trading in Tokyo

  

  The Nikkei average rose in early trading on the Tokyo Stock Exchange on Monday. The Nikkei rose 1.28% to 2,9501.22 points, while the broader Topix index rose 0.93% to 2034.22 points.

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• 6 September 2021 11:11 am

  A Sudden Rise in Industrial Orders in Germany in July to The Highest Level Since The Start of Data Collection

  

  Official data showed a surprising growth in industrial orders in Germany in July, to the highest level since the start of data collection in 1991, indicating a strong start to the second half of the year in Europe’s largest economy. The data published by the Federal Statistics Office revealed that …

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• 6 September 2021 10:29 am

  Oil Continues to Decline After Large Cuts in Saudi Crude Oil Prices to Asia

  

  Oil prices extended their decline on Monday after Saudi Arabia, the world’s largest exporter, cut crude prices for Asia at the weekend, indicating a good supply in global markets. Brent crude futures for November fell 57 cents, or 0.8%, to $72.04 a barrel by 01:01 GMT, while US West Texas …

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• 6 September 2021 3:47 am

  Weekly Recap: 29 Aug – 3 Sept

  

  The Non-Farm Payrolls report was the highlight of last week. Friday’s US Non-Farm Payrolls report disappointed with only 235,000 jobs recorded in August vs. 750,000 expected. The average hourly earnings index indicated an improvement by 4.3% compared to 4.1% on an annual basis and 0.6% compared to 0.4% MoM. The …

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• 4 September 2021 3:25 am

  Data Shows Fed U.S. Far Away from Full Employment!

  

  The unemployment rate in the United States declined in August to 5.2%, in line with market expectations, reaching its lowest level since the beginning of the coronavirus pandemic in March 2020. But the data also showed a much less than expected increase in nonfarm payrolls, with an increase of 235,000. …

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• 4 September 2021 2:54 am

  Wall Street Mixed as Nasdaq Logs Another Record High

  

  The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Friday, with Wall Street investors reacting to the disappointing nonfarm payrolls data for last month, which increased concerns over the pace of recovery from the coronavirus (COVID-19) pandemic. The Dow Jones Industrial Average closed lower …

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• 4 September 2021 2:44 am

  Why Gold Prices Surged Following Jobs Data?

  

  Gold prices rose on Friday, after data showed disappointing progress by the U.S. labor market, with a lower than expected increase in nonfarm payrolls during August, which increased concerns over the pace of recovery from the coronavirus pandemic. The jobs report led to the decline of the Dollar Index (DXY) …

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• 4 September 2021 2:10 am

  Oil Prices Close Lower but Rise for the Week

  

  Oil prices closed lower on Friday after data showed disappointing progress by the U.S. labor market, with a lower than expected increase in nonfarm payrolls during August, which increased concerns over the pace of recovery from the coronavirus pandemic. However, crude futures managed to close higher for the week, amid …

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• 3 September 2021 10:45 pm

  Fears in U.S. Over Inflation Getting Out of Hand Fast!

  

  Inflation in the United States has been on a rising trend in recent months with the Federal Reserve tolerating the surge in consumer prices with the hope that it would eventually lead to achieving the price stability target with a sustainable inflation rate of 2%. However, despite the central bank’s …

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