Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 21 September 2021 2:48 pm

  UAE Energy Minister: Low Gas Prices Are Not Sustainable

  

  UAE Minister of Energy Tuesday, September 21, said that low gas prices are not sustainable, stressing that the recent increase occurred because of the key factors of the market, in addition to the lack of investment in the sector. Minister Suhail Al Mazrouei said at a sector conference in Dubai …

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• 21 September 2021 1:48 pm

  Reuters: OPEC+ Commitment to Oil Cuts Increased to 116% in August

  

  Two sources from the group of OPEC+ oil producers told Reuters that the group’s commitment to production cuts increased to 116 percent in August from 109 percent in July.

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• 21 September 2021 1:12 pm

  Japan Shares Close Lower on Evergrande

  

  Japanese stocks tracked the decline in global markets, closing lower on Tuesday, as investors abandoned risky assets on fears of a possible default by China’s Evergrande Group, but some buying to seize opportunities helped limit losses. The Nikkei index fell 2.17 percent to close at 2,9839.71 points, its biggest drop …

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• 21 September 2021 12:36 pm

  Oil Rises 1% Amid Signs of Tight US Supplies

  

  Oil prices rose on Tuesday, September 21, after analysts pointed to signs of tight US supplies, ending a series of losses that lasted for days, while global markets still haunted by the specter of the potential impact on the Chinese economy from the crisis of the debt-burdened real estate group …

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• 21 September 2021 8:10 am

  Evergrande could trigger a global market crisis

  

  A looming debt-related default by Chinese Evergrande Group has suddenly shook up financial markets from Asia to Europe and the United States. On Monday, major banks were told that they will not collect interest payments on loans that are outstanding, while interest payments of USD 84 million on the company’s …

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• 21 September 2021 8:10 am

  American Fintech products launched to push EVs

  

  American Fintech products launched to push EVs   Mainly to address climate change, Spring Free EV will launch fintech products to accelerate the adoption of electric vehicles. Led by entrepreneur and former Sidecar founder and CEO Sunil Paul, the company has assumed the bold mission to reduce carbon dioxide emissions …

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• 20 September 2021 11:39 pm

  Yellen warns of cash catastrophe

  

  Janet Yellen renewed, Monday, her call for Congress to raise or suspend the nation’s debt before October. The U. S. Treasury Secretary has warned that failure to do so may trigger an unprecedented financial crisis in the United States.“The U.S. has always paid its bills on time,” Yellen wrote in …

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• 20 September 2021 11:00 pm

  Euro declines ahead of Fed and CBs meetings

  

  Euro declined against the U. S. dollar on Monday as dollar firmed ahead of a week that will witness several central bank meetings globally.Immediate resistance can be seen at 1.1738 (50%fib), an upside break can trigger rise towards 1.1771(61.8%fib).On the downside, immediate support is seen at 1.1697(38.2%fib), a break below …

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• 20 September 2021 10:56 pm

  China to implement RCEP’s trade pact on schedule

  

  China will take the necessary measures with all member states of the Regional Comprehensive Economic Partnership (RCEP) to implement and enforce the trade pact as scheduled.According to the Ministry of Commerce, this year marks the thirteenth anniversary of establishing dialogue relations between China and the Association of Southeast Asian Nations …

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• 20 September 2021 8:15 pm

  Global Market Selloff Infects Crypto

  

  Cryptocurrency prices dropped as a reaction to large selloff move because of worries about infection from China’s Evergrande Group swept all global markets. Bitcoin dropped as much as 10.7% to $42,522 in New York trading sessions, Sunday, reaching the lowest level since 1 August. The current point is also below …

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• 20 September 2021 8:14 pm

  Evergrande’s collapse will impact banks

  

  On Monday, Evergrande’s stock price fell 10.2% in Hong Kong, the latest blow impacting the Chinese property giant that has been on a downward curve for 8 months. Today’s selloff reflects growing concerns expressed by investors that Evergrande will default on part of its $300 billion debt this week—$120 million …

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• 20 September 2021 5:39 pm

  Bitcoin Loses About 9% of Its Value

  

  The price of Bitcoin fell sharply on Monday, September 20th, as investors began to dump risks amid a slump in global stock markets. The world’s most popular cryptocurrency tends to fall despite being considered safe haven by some, the growing reality is that its price tends to fall amid broader …

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• 20 September 2021 4:39 pm

  Gold Falls Before The Fed’s Decision

  

  Gold fell in Monday morning trading in Asia, hitting its lowest level in more than five weeks. Meanwhile, the dollar strengthened as investors waited for the latest policy decision from the Federal Reserve. Gold futures were also down 0.31% to $1,746.05, after reaching $1.741.8, its lowest since August 12, at …

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