Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 15 October 2021 5:52 pm

  The US dollar is Heading For Its First weekly Decline in a Month

  The dollar is heading for its first weekly decline against its major peers since the beginning of last month, retreating from a one-year high as traders turned their attention to when the US Federal Reserve will start raising interest rates. The DXY dollar index, which measures the greenback against six …

  Read More »
• 15 October 2021 5:11 pm

  US Retail Sales Unexpectedly Rise in September

  

  US retail sales unexpectedly rose in September, but there are concerns that supply restrictions could negatively affect the holiday shopping season amid persistent shortages of cars and other goods. Retail Sales in the US rose by 0.7% on a monthly basis to $625.4 billion in September, the data published by …

  Read More »
• 15 October 2021 3:35 pm

  Oil Jumps More Than 3%

  

  Oil prices jumped on Friday, heading for weekly gains of more than 3 percent, amid increasing evidence of tight supply over the next few months, with increased expectations of a shift to petroleum products in light of the sharp rise in natural gas and coal prices. Brent crude futures touched …

  Read More »
• 15 October 2021 2:55 pm

  The Turkish Lira Continues to Record Low Historical Levels

  

  Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, a After President Recep Tayyip Erdogan fired three central bank policymakers, the Turkish lira fell to a new record low against the dollar, with investors worried about the prospects of further …

  Read More »
• 15 October 2021 2:24 pm

  European Stocks Are About to Post Their Best Week in 7 Months

  

  European stocks are headed for their best weekly performance in 7 months as strong earnings reports helped reassure investors and calm concerns about rising inflation. The pan-European Stoxx 600 index rose 0.4%, heading towards ending the week 2.3% higher, buoyed by a significant improvement in investor risk appetite in the …

  Read More »
• 15 October 2021 1:25 pm

  Japan’s Nikkei is at a Two-Week High

  

  The Nikkei index achieved its first weekly gain in four weeks, after jumping at the close of today’s session. The Nikkei index rose 1.81% to close at 29068.62 points, its highest level in more than two weeks, while the broader Topix index rose 1.86% to 2023.93 points. This week, the …

  Read More »
• 15 October 2021 12:54 pm

  Market Drivers – Asian Session 15/10/2021

  

  Asian stocks rose in the last trading day, tracking the positivity on Wall Street overnight as investors were optimistic about US corporate earnings and better-than-expected employment data. The Nikkei index achieved its first weekly gain in four weeks after jumping at the close of today’s session. The Nikkei index rose …

  Read More »
• 15 October 2021 3:46 am

  Market Drivers – U. S. Session 14-10-2021

  

  Once again, on Thursday, inflation related concerns were steering investors’ decisions on picking safe haven assets away from interest bearing investments.Speaking to a virtual gathering of the Euro50 Group on Thursday, St. Louis Fed President James Bullard described the inflation trend as “concerning.”U.S. shares surged Thursday reacting to banks’ strong …

  Read More »
• 15 October 2021 2:54 am

  USD/JPY recovers and hover around 113.60

  

  A positive market sentiment hurt safe-haven currencies on Thursday, but the U. S. dollar versus the Japanese Yen reaped gains and recovered Wednesday’s losses.USD/JPY began on the right foot in the Asian session; advanced 0.01% and was trading at 113.70 during the day. On Thursday, financial markets witnessed appetite towards …

  Read More »
• 15 October 2021 2:41 am

  Europe urged to get prepared for UK’s trade war

  

  Sterling investors get nervous as Brussels has been urged draw up tough retaliatory measures in case the UK carries out its threat to suspend trading arrangements for Northern Ireland Protocol contained in the Brexit deal.Representatives of five member states met European Commission vice-president Maros Sefcovic, this week, to demand contingency …

  Read More »
• 15 October 2021 1:51 am

  Yellen: Scandal could hamper IMF’s credibility

  

  The United States will review any new developments in Georgieva matter and Biden’s administration calls for institutions to better protect whistle-blowers. U. S. Treasury Secretary Janet Yellen warned that a scandal over the credibility of rankings of countries’ business climates could hurt confidence in the International Monetary Fund and World …

  Read More »
• 15 October 2021 1:35 am

  Gold gains as seek haven amid inflation surge

  

  Gold rose to the highest in a month as investors sought haven amid stubbornly high inflation and the looming reduction in stimulus.Real interest rates fell and that supported gold. There is a rising perception in the market that inflation could stay elevated for longer.The U.S. consumer price index data paves …

  Read More »
• 15 October 2021 1:15 am

  GBP/USD struggles at 1.3700

  

  GBP/USD has retreated from the daily high around 1.3733, and advanced by 0.20% during the New York session, trading at 1.3688.The British pound could not hold to the 1.3700 level, broke the latter in a counter-trend move, which in 4-hours witnessed a 60 pip drop.Market sentiment has driven trading decisions …

  Read More »