Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 30 October 2021 2:18 am

  Squid game crypto skyrockets in first trading days

  

  Gamers created an online version of a program, for which players need Squid cryptocurrency to play. On Tuesday, it was worth 1 cent, but by Friday it exploded in value, hitting $4.39.But Squid has been slammed for not allowing investors to resell their tokens. Squid is what is known as …

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• 30 October 2021 2:02 am

  Strong support at 93.50 pushes USD’s demand

  

  The U. S. Dollar Index rallies 0.86% during the New York session, is at 94.10, short of the 94.30 fresh weekly high. U. S. T-bond yields are falling, with the 10-year benchmark note down two basis points, at 1.545%.The market sentiment is mixed, depicted by European stock indices, splitting between …

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• 30 October 2021 1:35 am

  Macron warns of energy crisis global economic impact

  

  French president Emmanuel Macron has warned that an energy crisis threatens the world’s post-pandemic economic recovery. Macron also called for leaders at a G20 summit in Rome this weekend to work together to stabilize supplies.In an interview, the French president also urged bigger financial commitments towards the fight against global …

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• 30 October 2021 1:11 am

  

  Fresh attacks and partisan row ahead for U. S. economy Republicans lawmakers and strategists are capitalizing on news that the economy expanded at a weak pace in Q3 to criticize Biden and Democrats, accusing them of unskilled recovery tactics from the pandemic recession and then piling on trillions of dollars …

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• 30 October 2021 12:07 am

  Eurozone growth accelerates

  

  Economic recovery in the Eurozone has stepped up according to new GDP data published today, with the bloc outshining the U. S. and China for the second successive quarter.Growth rose faster than expected to 2.2 per cent in the three months to September, following a rise of 2.1 per cent …

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• 29 October 2021 11:49 pm

  U.S. drillers add oil gas rigs for 15 successive months

  

  U.S. energy firms added oil and natural gas rigs for a 15 successive months in October as oil prices soared to fresh highs, prompting some drillers to return to the drilling sites.The oil and gas rig count, an early indicator of future output, rose two to 544 in the week …

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• 29 October 2021 11:33 pm

  Strong USD pushes XAU/USD below $1,800 despite lower U. S. yields

  

  The Gold Index (XAU/USD) has slid during the New York session, down almost 1%, trading at $1,782. Earlier in the session, gold reached a fresh weekly low at $1,771 but bounced off the lows to stabilize at current levels.Risk-off market sentiment ignited a flight towards safe-haven assets, but it failed …

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• 29 October 2021 10:30 pm

  USD/JPY surpasses 114.00 by Treasury yields

  

  The U. S. dollar regained bullish traction on Friday and is rallying nearly 0.5%, erasing the previous two days’ losses. The USD/JPY is testing levels above 114.00 at the time of writing, after having bounced up from two-week lows at 113.25 on Thursday. Higher inflation expectations and stronger yields are …

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• 29 October 2021 10:02 pm

  German economy unable to keep up with France

  

  It is Eurozone GDP day again and the just released German GDP data shows that private consumption alone is not sufficient for the economy to keep up with fast growing economies like France.Supply chain disruptions will delay the moment for the German economy to return to pre-pandemic levels as it …

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• 29 October 2021 9:25 pm

  Polish and Czech central banks in focus

  

  Next week, central bank meetings in Poland and Czechia will be the main focus. After a higher than expected flash estimate for October inflation in Poland (6.8% vs. 6.4%), Poland’s MPC should not go for a 50bp interest rate hike because of inflation.Inflation is expected to exceed 7% in the …

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• 29 October 2021 8:12 pm

  GBP/USD over stronger U. S. dollar ahead Fed and BoE meetings

  

  The GBP/USD slides for the third time in the week, looking forward to ending the week in the red, down 0.67%, trading at 1.3696 during the New York session.Worse than expected, heavy-tech US Q3 corporate earnings on Thursday and concerns about inflation and tight monetary policy dampened market sentiment, weakening …

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• 29 October 2021 7:35 pm

  UoM Consumer Sentiment Index edges lower to 71.7

  

  Consumer confidence in the US weakened modestly in October with the University of Michigan’s Consumer Sentiment Index declining to 71.7 in October’s final reading from 72.8 in September. This print came in slightly better than the flash estimate and the market expectation of 71.4.Other details have indicated that the Current …

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• 29 October 2021 6:17 pm

  Market Drivers – European Session 29-10-2021

  

  The European session was packed with data from Europe and the US, here’s a summary of today’s drivers The US dollar index, which measures its performance against a basket of six major currencies, rose 0.25% to 93.58 points, moving away from its lowest level recorded yesterday at 93.277 points, the …

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