The German Ifo Institute announced this morning, Wednesday, that it has reduced its economic growth forecast in Germany during the current year, as the expectations of experts at the institute indicate that the German economy will grow by about 2.5% during 2021 due to the fluctuations in supply chains and …
Read More »Euro Climbs as Dollar Falters Under Geopolitical Pressure and Market Surprises
The euro extended its upward momentum against the US dollar, climbing to its highest levels in over …
Yen Holds Steady After Tokyo’s Bold Intervention
The Japanese yen found stability after authorities stepped in to halt its rapid decline against the …
Bitcoin Bounces Back Above $77K: Wall Street Records and Apple’s Stellar Earnings Reignite Crypto Rally
Key Takeaways Bitcoin rebounds: The world’s largest cryptocurrency rose 1.8% to $77,143 after …
Wall Street Rides High: Apple Soars 3%, Reddit Skyrockets 17% as S&P 500 and Nasdaq Carve Fresh Records
Key Takeaways Futures edge higher: S&P 500 futures gained 0.1% to 7,250.75, Dow Jones futures ro…
Trump Lifts UK Whisky Tariffs in Royal Charm Offensive: King Charles Wins What “Nobody Else Could”
Key Takeaways Tariff reversal: President Donald Trump announced he is lifting tariffs on whisky from…
Amazon Shatters Records: AWS Roars Back, $181B Revenue Crushes Forecasts as Massive AI Spending Reshapes the Bet
Key Takeaways Stock pops 2%: Amazon shares opened higher on the back of a blowout quarter that smash…
Pound and Euro Climb on Yen Intervention Ripples — But Dollar’s Dip May Be Short-Lived
Key Takeaways Modest gains for sterling and euro: GBP/USD rose 0.04% to 1.3606, while EUR/USD added …
Tokyo Inflation Defies the Heat: Government Subsidies Cushion Iran War Energy Shock
Key Takeaways Headline CPI ticks up: Tokyo headline inflation rose to 1.5% in April from 1.4% in Mar…
Gold Stuck Near One-Month Low: Iran War Inflation Fears and Hawkish Central Banks Crush Bullion
Key Takeaways Prices slip: Spot gold fell 0.5% to $4,600.06/oz, while gold futures dropped 0.4% to $…
Yen Wobbles After Tokyo’s Intervention Strike: Dollar Steadies as Iran War Reshapes Currency Battleground
Key Takeaways Yen reverses gains: USD/JPY rose 0.4% on Friday after plunging more than 2% in the pri…
Market Analysis
September, 2021
-
22 September 2021 3:21 pm
Why is Fed’s September meeting so important?
Wednesday will witness the outcome of the Federal Reserve’s September meeting ending at 2:30 pm ET and policy makers still have 3 monetary policy announcements before the end of 2021the year. The meeting is expected to address the taper timeline, however investors eye the taper start date, in particular, so …
Read More » -
22 September 2021 3:05 pm
Currencies Overview: The Dollar is Under Test
The dollar rose in early European trading on Wednesday, but moves were set before the conclusion of a crucial Federal Reserve meeting later in the session. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.255, away from Tuesday’s high of …
Read More » -
22 September 2021 2:18 pm
European Shares Rise, Supported by Evergrande
European shares rose on Wednesday, recovering from early-week losses after debt-laden China’s Evergrande said it would make some interest payments, while travel and leisure shares jumped to a 14-week high. Frankfurt-listed Evergrande shares jumped 15.1 percent after hitting multi-year lows in the previous session. The real estate developer said it …
Read More » -
22 September 2021 2:09 pm
Nikkei Hits Two-Week Low Amid Caution Ahead of Fed Meeting
The Nikkei hit a more than two-week low on Wednesday, September 22nd, as investors cautiously looked to the outcome of the US Federal Reserve meeting for more indications on when to end stimulus and raise interest rates. The benchmark index closed down 0.67% at 29639.40 points, while the broader TOPIX …
Read More » -
22 September 2021 1:15 pm
FED Preview: May Not Announce a Timetable
The Fed has the tough job of reassuring markets after the Evergand crisis and two weeks of mounting losses in stocks as the US economy struggles with declining jobs and the worst inflation in a decade. The meeting is expected to address the taper timeline, however, investors eye the taper …
Read More » -
21 September 2021 11:53 pm
Ripple Legal Team: No plans to settle lawsuit with SEC
Ripple Labs’ legal team said that there is no intention to reach a settlement in their lawsuit with the U.S. Securities and Exchange Commission.The top US financial regulator alleges that Ripple has been selling XRP as an unregistered securities since 2013. The legal battle began in December 2020 AND provides …
Read More » -
21 September 2021 11:35 pm
Shell’s Texas assets Sale is biggest recent transaction
Royal Dutch Shell said it was selling off all oil and gas assets in Texas’s Permian Basin for USD 9.5 billion in cash. The buyer is ConocoPhillips.The sale deal covers the net of 225000 acres of land in the Permian, accounting for the production of 175,000 barrels of fuel per …
Read More » -
21 September 2021 10:34 pm
Oil fluctuates with Fed meeting in Focus
New York’s stock markets witnessed a mixed move of futures that switched between gains and losses on Tuesday. The U.S. central bank will meet, Wednesday, to decide on the fate of asset purchases. Officials are expected to hold interest rates near zero.Tapering of the Fed’s USD 120 billion in monthly …
Read More » -
21 September 2021 10:20 pm
Basel Committee warns of restrictive crypto rules
The global financial industry has urged regulators all over the world to avoid imposing strict capital rules on digital assets.Warning is gaining momentum because such regulatory requirements are most probable to drive activity underground and, therefore deprive banks of the benefits of crypto technology.Trade groups as well as representatives of …
Read More » -
21 September 2021 10:16 pm
OECD: U. S. economic recovery has slowed
The Paris-based Organization of Economic Cooperation and Development said, Tuesday, that the U.S. economy is losing drive on its path to recovery from the coronavirus pandemic.OECD forecast that gross domestic product would grow 6% in 2021, down nearly 1 percentage point from last May. The OECD previously predicted GDP would …
Read More » -
21 September 2021 5:04 pm
US: Philly Fed Nonmanufacturing Index Drops in September
The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell sharply to 9.6 in September from 39.1 in August.
Read More » -
21 September 2021 4:47 pm
US: Housing Starts Rise by 3.9% in August
Housing Starts in the US rose by 3.9% on a monthly basis in August after declining by 7% in July, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Tuesday.
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations