Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 29 October 2021 6:12 pm

  The Dollar is Rising But Remains at Low Levels

  

  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 lowest level in nearly a month, and the dollar traded during the day at levels between 93.32 and …

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• 29 October 2021 4:49 pm

  The U.S. Annual Core PCE Inflation Stays Unchanged at in September

  

  Inflation in the US, measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 0.3% on a monthly basis in September, the US Bureau of Economic Analysis reported on Friday. Annually, the PCE Price Index edged higher to 4.4% from 4.2% but came in lower than the market …

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• 29 October 2021 4:30 pm

  Reuters: OPEC+ Cuts Its Forecast For Oil Demand Growth in 2021

  

  Reuters quoted two sources as saying that the OPEC+ Joint Technical Committee reduced its estimates for the growth of global oil demand this year to 5.7 million barrels per day from 5.8 million, amid the continued strong recovery of consumption since its collapse in 2020. One of the sources said …

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• 29 October 2021 3:38 pm

  Gold Under pressure, Eyes on Fed

  

  Gold prices fell, with the rise of the dollar, while investors are looking for more clues from an upcoming meeting of the Federal Reserve’s monetary policy committee (the US Central Bank) to reduce economic stimulus as inflation expectations rise. Spot gold fell 0.4% to 1791.81 per ounce. US gold futures …

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• 29 October 2021 2:52 pm

  European Shares Fall Under Pressure From The Technology Sector

  

  Technology stocks weighed on European shares at the open, as shares of Apple suppliers fell on downbeat expectations for the holiday period from the iPhone maker, while investors remained concerned about the prospects for monetary policy. Shares of semiconductor companies S.T.Micron Electronics, Infineon Technologies, and ASML fell between 0.3% and …

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• 29 October 2021 2:10 pm

  Eurozone Preliminary CPI Accelerates October

  

  The annualized Eurozone Consumer Price Index (CPI) rose by 4.1% in October, exceeding expectations of 3.7% while sharply higher from the previous reading of 3.4%, data published by Eurostat showed on Friday. The core figures arrived at 2.1% YoY in October when compared to 1.9% expectations and 1.9% booked last.

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• 29 October 2021 1:35 pm

  Eurozone Preliminary GDP Grows in Q3

  

  The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the first estimate showed on Friday. Annually, the eurozone GDP rate expanded by 3.7% in Q3 vs. 14.3% seen in the second quarter of 2021 while beating 3.5% expectations.

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• 29 October 2021 1:24 pm

  Market Drivers – Asian Session 29-10-2021

  

  Markets witnessed a quiet Asian session today. The Nikkei index rose 0.25 percent to close at 28,892.69 points, after falling about 1.2 percent earlier in the session. The index increased during the week by 0.3 percent. The broader Topix index also increased and closed up 0.08 percent at 2001.18 points. …

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• 29 October 2021 12:43 pm

  Japan Shares Rise Slightly Amid Optimistic Expectations For Corporate Results

  

  Japanese shares rose slightly on Friday as optimism about the performance of domestic companies outweighed investor caution ahead of the country’s general elections. The Nikkei index rose 0.25 percent to close at 28,892.69 points, after falling about 1.2 percent earlier in the session. The index increased during the week by …

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• 29 October 2021 12:07 pm

  Market Drivers – U. S. Session – 28-10-2021

  

  Corporate earnings released Thursday impacted the financial markets which closed the U. S. session’s transactions with significant shift of the assets. Traders are eying the fluctuations caused by U. S. inflation reports and economic data, statements by the European Central Bank Christine Lagarde as well as developments in the negotiations …

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• 29 October 2021 2:12 am

  BoE issues warning on financing linked to climate risk

  

  The Bank of England has told banks and insurance companies that it will impose its powers to crack down on them if they default to manage climate risks.The central bank begins to review a potential introduction of capital requirements linked to unsustainable assets.The Bank said on Thursday it would take …

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• 29 October 2021 1:57 am

  RBNZ Governor comments on rates, inflation

  “Monetary policy has largely run its easing course globally,” said Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr during early Friday morning in Asia. “We are now entering a different environment for rates, inflation”, added Orr. NZD/USD remains on the front-foot, backed by the broad US dollar weakness, despite …

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• 29 October 2021 1:48 am

  Broader USD weakness push NZD/USD near 0.7200

  

  The NZD/USD pair has advanced as the New York session end. It has leaped up 0.43%, trading at 0.7198. Market sentiment is positive, portrayed by U. S. equity indices finishing in the green zone, with gains between 0.68% and 1.15%. The US Dollar Index, which tracks the USD’s performance against …

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