Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 8 October 2021 4:35 pm

  The U.S. Nonfarm Payrolls Rise in September

  

  Nonfarm Payrolls (NFP) in the US rose by 194,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading missed the market expectation of 500,000 by a wide margin. On a positive note, August’s print of 235,000 got revised higher to 366,000. the …

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• 8 October 2021 2:35 pm

  Dollar Rises Ahead of NFP

  

  The dollar rose against the major currencies, but within a narrow range, as traders awaited the monthly jobs report for clues on the pace of the return of the Federal Reserve’s policies (the US central bank) to normalcy. The dollar index, which measures the performance of the US currency against …

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• 8 October 2021 1:44 pm

  European Shares Fall as Tech Decline

  

  European shares fell, as a decline in the technology sector offset the impact of gains in oil and auto stocks, while investors remained cautious ahead of the US jobs data. The pan-European STOXX 600 index fell 0.2 percent after technology shares fell 0.9 percent, while oil and gas shares jumped …

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• 8 October 2021 1:18 pm

  Gold Settled Ahead of US Data That May Boost Bets on Reducing Economic Stimulus

  

  Gold settled, ahead of the non-farm payrolls data in the United States, as some analysts expect strong data that reinforces bets on scaling back economic stimulus and push the yellow metal further down. And gold rose in spot transactions 0.1 percent to $ 1757.30 an ounce, while US gold futures …

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• 8 October 2021 12:59 pm

  Nikkei Continues to Rise, Tracking Gains on Wall Street

  

  Japan’s Nikkei jumped for a second straight session, tracking gains on Wall Street and as investors snapped bargains after sharp declines this month, while Toyota Auto helped the Topix close higher for the first time in 10 sessions. The Nikkei rose 1.34 percent to close at 28,048.94 points, paring gains …

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• 8 October 2021 2:49 am

  Could Cryptos challenge the USD’s dominance?

  

  The U. S. dollar’s dominant role in global markets is most likely to continue, but the rapid rise of cryptocurrencies may diminish the dollar’s status, according to a new paper by the Federal Reserve. Private digital currencies, such as Bitcoin and Ether, as well as government backed coins, could reduce …

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• 8 October 2021 2:35 am

  What could nomination of Lael Brainard mean for Wall Street?

  

  Fed Governor Lael Brainard is getting closer to a key banking position as U. S. President Joe Biden studies who will chair the central bank and who will specifically supervise banks.Even without getting the Chair’s position, Brainard can be a major influence on banks. If she is not nominated as …

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• 8 October 2021 2:14 am

  Bank earnings expected to take off, as Wall Street watches closely

  

  Investors will be watching loan numbers like a hawk when banks kick off earnings season next week.Any Fed’s tapering decision in the near future, with the prospected rising in the interest rates could help banks go ahead to widen their net interest margin and consequently the profits they make on …

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• 8 October 2021 1:33 am

  Supply chain disruption threatens Black Friday shopping

  

  Retailers are racing to import the goods and gadgets for consumers to buy during holiday shopping season, the growing list of shortages has made it difficult for them to find enough stock. Due to inflation concerns, consumers expect higher prices, delays, and opportunistic resellers as Black Friday and Cyber Monday …

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• 8 October 2021 1:10 am

  Markets optimistic ahead of the U. S. Payroll Data

  

  Market attention now shifts to the U. S. Nonfarm Payroll data. U. S. Fed Chief Jerome Powell has said that a good employment report could be enough to convince him on tapering.Markets are in a better mood on Thursday, amid news that U. S. Senate’s deal on extending the debt …

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• 8 October 2021 12:56 am

  Closing prices for crude oil, gold and other commodities

  

  Gold for December delivery fell $2.60 to $1,759.20 per ounce. Silver for December delivery rose 13 cents to $22.66 an ounce and December copper rose 9 cents to $4.24 a pound.The U. S. dollar rose to 111.63 Japanese yen from 111.44 yen. The euro was unchanged at $1.1550.Benchmark U.S. crude …

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• 8 October 2021 12:32 am

  Mnuchin warns of inflation risk, 3.5% Treasury yields

  

  U.S. government debt yields edged up Thursday, with the 10- and 30-year rates hitting their highest levels since June, as stocks advanced on a temporary debt ceinling deal by Congress and a drop in weekly jobless benefit claims. Steven Mnuchin, the former U.S. Treasury secretary, warned about the risks of …

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• 8 October 2021 12:20 am

  U. S. dollar under pressure as risk appetite improve

  

  Commodity currencies and sterling are at the best levels of the day against the U. S. dollar as equities extend gains and oil up into positive territory.There’s an interesting inverse relationship to oil and the dollar unfolding when you might think it would be the opposite, seeing as how it …

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