Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 20 September 2021 2:14 pm

  Canadian Federal Elections: 2019 Results Highly Expected

  

  On Monday, Canadians head to the polls to choose between the Liberals led by Prime Minister Justin Trudeau and the Conservative Party led by Erin O’Toole. Direct voting between the two parties is volatile. Still, a repeat of 2019 is likely when the Liberals lost the parliamentary majority and the …

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• 20 September 2021 1:25 pm

  Oil is Falling on The Increase in US Drilling Rigs

  

  Oil prices fell on Monday, September 20, extending losses from last week, after the US dollar jumped to a three-week high and the number of US drilling rigs increased, even though nearly a quarter of US production in the Gulf of Mexico remained shut down after two hurricanes. Brent crude …

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• 20 September 2021 12:39 pm

  European Shares Fall 1% Amid Fears of Global Growth

  

  European shares fell 1% to their lowest level in nearly two months on Monday, September 20, tracking the impact of the decline in Asian shares, as investors fear that major central banks will begin to express indications about reducing their stimulus programs with the start of the pandemic when they …

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• 20 September 2021 4:07 am

  Weekly Recap: 12-17 Sept

  

  Wall Street US stocks closed significantly lower in a broad sell-off Friday, September 17, at the end of a week a busy week with economic data, fears of an increase in corporate taxes, the mutated delta strain of the Coronavirus, and possible shifts in the schedule for the US Federal …

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• 18 September 2021 3:26 am

  U.S. Treasuries yields rise, Investors await Fed hints on taper timeline

  

  U.S. government bond yields have surged on Friday, with the 10-year bill yield approaching a two month high, touching 1.3855%, its highest level since 2011 and was set for a fourth consecutive week of increases, the longest such successive band since March.Traders look forward to a busy week of Central …

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• 18 September 2021 3:24 am

  Why gold mining stocks trade at yearly lows today

  

  The latest strength of the USD and the rising Treasury yields have served as main series catalysts for gold mining stocks. Now, Gold is testing the support level at USD 1750. The U.S. Dollar Index, which measures the strength of the U.S. dollar against a broad basket of currencies, is …

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• 18 September 2021 3:20 am

  Coinbase unveils Bitcoin and Crypto Predictions

  

  Coinbase CEO Brian Armstrong released, Friday, a new list of predictions for Bitcoin and the cryptocurrency industry.Armstrong believes a billionaire Bitcoin based upon blockchain concepts will boost technological, scientific and charitable causes in the near future. He believes as soon as the price rises up to USD 200,000 per Bitcoin, …

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• 18 September 2021 3:14 am

  Copper Deficit Impacts Global Economy

  

  Copper price declined, this weekend, after China said that it would closely monitor market conditions. The Chinese state planner will also continue to free policies concerning copper, aluminum and zinc from its state reserves, in an effort to maintain balance and encounter long-term mismatches between supply and demand.As a direct …

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• 17 September 2021 11:00 pm

  EUR/USD slides to fresh monthly lows, Investors awaiting FOMC meeting

  

  EUR/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, driven by USD’s strength as (DXY) Index is at three-week highsThe market mood is …

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• 17 September 2021 9:36 pm

  Baker Hughes data indicate a second weekly climb in U.S. oil drilling

  

  Baker Hughes, Friday, reported that the number of active U.S. drilling oil rigs rose by eight at 373 this week. The report signals a second successive weekly rise as last week, the oil rig count rose by six so, the total active U.S. rig count, including rigs drilling for natural …

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• 17 September 2021 9:25 pm

  Dogecoin jumps 40% on Elon Musk’s cryptic endorsement

  

  Crypto currency Dogecoin achieved some positive move on the road to recovery and jumped up Friday as traders are assessing feasibility and impact of its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate rose up to 16.42% to USD 0.00000950 for the first time …

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• 17 September 2021 9:23 pm

  Federal Reserve “won’t formally announce tapering next week”

  

  The awaited critical event for markets next week will be the Federal Reserve meeting. As observers suggest, the meeting may prove unextraordinary. They do not expect the Fed to formally announce a decision on the reduction of the purchase program. After a disappointing August’s jobs report, instead, tapering outsized asset …

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• 17 September 2021 9:22 pm

  U.S. Consumer Sentiment rebounds below expectations in September

  

  Consumer sentiment in the United States has recorded a modest improvement in September after sharply falling in August, according to a preliminary report released by the University of Michigan on Friday.The report said the consumer sentiment index inched up by 71.0 in September from 70.3 in August, below economists’ expectations …

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