Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 28 October 2021 1:04 am

  How high will U. S. 3Q GDP be?

  

  Investors eye how strong growth in Q3 gross domestic product will be when the government reports the official advance estimate on Thursday.Following the first two quarters when the annual rate of growth came in at 6.3% and 6.7%, respectively, the arrival of the delta variant this summer and ongoing disruptions …

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• 28 October 2021 12:40 am

  USD/CAD reacts to the BoC’s decision

  

  USD/CAD fell for the first time in the week, down by 0.25%, trading at 1.2358 during the New York TRADING session. As the BoC decided to keep interest rates unchanged, investors’ expectation towards the QE was a reduction in its weekly purchases from CAD 2 billion to CAD 1 billion. …

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• 28 October 2021 12:17 am

  U. S. shares hover between small gains and losses

  

  U. S. Stocks hovered between small gains and losses, on Wednesday, as investors digest corporate earnings results released by biggest U.S. companies.The S&P 500 rose 0.2% a day after the broad stocks gauge closed at an all-time high for the 57th time this year. The Dow Jones Industrial Average, which …

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• 28 October 2021 12:02 am

  Sharp rise of U.S. Stockpiles pushes oil down 1%

  

  Oil prices retreated on Wednesday after U.S. crude oil stockpiles rose more than expected. The bigger-than-expected rise in U.S. crude stocks gave some investors a momentum to implement long positions.Brent oil futures ended down $1.82, or 2.1%, to $84.58 a barrel, after closing at a seven-year high on Tuesday. U.S. …

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• 27 October 2021 11:10 pm

  Foreseeable Debt limit row still seeking reconciliation

  

  Raising the debt limit has become more of a partisan battleground, resulting in perennial crises that threaten to undermine global faith in American markets and push the U.S. economy to the edge of recession.After raising the debt limit before default deadline, earlier this month, Congress still needs to tackle the …

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• 27 October 2021 10:32 pm

  Inflation will last longer over supply chain difficulties

  

  The largest U.S. manufacturers including do encounter logistics headache and higher costs as a result of global supply bottlenecks that could continue into 2022, but most companies agree that the hit to profits can be compensated by charging higher prices for their goods.Companies globally pushed the alarm button reiterating that …

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• 27 October 2021 9:29 pm

  Bitcoin’s slide from record highs evidencing volatility

  

  The price of one Bitcoin fell more than 5% Wednesday and was trading around $59,000, 12% below its record high only one week ago.Similar steep drop for any other financial, like a stock or bond within such a short time would mean a market correction. For bitcoin, it is just …

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• 27 October 2021 8:29 pm

  Gold prices try to impacted by U.S. steady manufacturing

  

  Gold prices try to hold on humble gains impacted by economic data showing steady momentum in the U.S. manufacturing sector.U.S. durable goods orders declined by 0.4% in September, following August’s increase of 1.3%. The data was better than expected; namely a decline of 1.1%.Excluding transportation, new orders rose by 0.4% …

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• 27 October 2021 8:14 pm

  Do BoC’s signals pressure U. S. Fed?

  

  Short term U.S. Treasury yields leapt higher Wednesday after the Bank of Canada shut down its QE program and signaled for an early 2022 interest rate hike only some days before November’s awaited Fed policy meeting.Treasury yields jumped higher Wednesday, pushing major stock indices into the red zone, after the …

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• 27 October 2021 7:27 pm

  Bank of Canada ends quantitative easing

  

  The Bank of Canada took a new major step to pull back on the amount of stimulus it has been providing to support the domestic economy on Wednesday.The latest step constitutes ending net new purchases through its quantitative easing program and moving up its forecast for when it could decide …

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• 27 October 2021 7:07 pm

  German 10 year yield lowest in over a week

  

  German 10-year bond yield retreated to the lowest in more than a week, a development that caused yield curve to be flattened on Wednesday.After a brief break, the government yield curves across developed markets are back to flattening over the last couple of successive sessions.This low reflects concern that central …

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• 27 October 2021 6:16 pm

  BoC Leaves Policy Rate Unchanged

  

  The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the October policy meeting as expected. More importantly, the BoC decided to end its weekly purchases of the government of Canada bonds, the quantitative easing program. The policy statement revealed that the …

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• 27 October 2021 6:13 pm

  Market Drivers – European Session 27-10-2021

  

  US stocks rose slightly at the open on Wednesday, supported by a fresh batch of strong earnings reports. The Dow Jones Industrial Average rose 78.55 points, or 0.22 percent, to open at 35,835.43 points. The Standard & Poor’s 500 index rose 5.43 points, or 0.12 percent, to 4,580.22 points. The …

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