Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 12 October 2021 9:56 pm

  Fed’s Bostic: Inflation Surge Likely Last Longer

  

  Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday that while inflation has surged more than he had expected and runs the risk of being more persistent than desired, he still believes price pressures will ease over time, in other words,  U. S. jobs slowdown should not derail taper …

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• 12 October 2021 9:18 pm

  Fed’s Clarida: Taper Conditions Have All But Been Met

  

  The U.S. isn’t headed for the kind of “stagflation” that developed in the 1970s, when unemployment and inflation rose in tandem, Federal Reserve Vice Chair Richard Clarida said.“I actually lived through, as a college student, the ‘Great Stagflation’ of the 70s, and I think there are a lot of differences,” …

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• 12 October 2021 8:24 pm

  August’s JOLTS Jobs decline to 10.4 million vs. 10.9 million expected

  

  The number of job openings on the last business day of August declined to 10.4, the U. S. Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This report doesn’t seem to be having a significant impact on the U. S. dollar’s …

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• 12 October 2021 8:15 pm

  IMF cuts 2021 global growth forecast

  

  The International Monetary Fund is less optimistic about the global economy for 2021, but still sees reasonable growth over the medium term. The World Economic Outlook, published Tuesday, expects global gross domestic product to grow by 5.9% this year; 0.1 percentage point lower than July estimate. For next year, the …

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• 12 October 2021 8:01 pm

  U.S. futures shaken over worsening energy prices

  

  Stock futures have been shaken as rising energy prices worsened concerns about inflation in addition to the lingering worries on China’s property sector, factors that together weighed on sentiment. Investors are looking to the third-quarter earnings season, which begins this week, for clues on how companies are faring with price …

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• 12 October 2021 7:38 pm

  Europe’s stocks fall as inflation concerns accumulate

  

  European stocks fell as investors’ concerns about rising energy prices and events in China are building up. Stock indexes have been dragged lower in choppy trading in recent weeks. Frankfurt’s DAX was 0.3% lower, underperforming other European indexes. Germany’s ZEW survey of economic sentiment weakened for the fifth straight month …

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• 12 October 2021 7:14 pm

  GBP continues to skyrocket towards ¥155

  

  The British pound initially dipped slightly to open up the Asian portion of the trading session on Tuesday, but turned right back around to rally towards the ¥155 level.The British pound has initially pulled back just a bit against the Japanese yen during Asian trading, only to turn around and …

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• 12 October 2021 6:32 pm

  Currencies Overview: The Japanese Yen is The Biggest Loser

  The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …

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• 12 October 2021 4:06 pm

  German ZEW Economic Sentiment Index Drops in October

  

  The German ZEW headline numbers for October showed that the Economic Sentiment Index worsened to 22.3 from 26.5 previous and below expectations of 24.0. The Current Conditions sub-index dropped to 21.6 in October as against 31.9 seen the previous month and 29.5 expected. The Eurozone ZEW Economic Sentiment for October …

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• 12 October 2021 3:14 pm

  Gold Rises on Risk Aversion And Inflation Concerns

  

  Gold prices rose on Tuesday, October 12 as risk aversion and inflation concerns added to the yellow metal’s allure, but expectations that the US Federal Reserve would start cutting economic stimulus capped gains. Spot gold rose 0.3% to $1,759.56 an ounce by 07:20 GMT, while US gold futures rose 0.3% …

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• 12 October 2021 2:18 pm

  European Shares Decline Ahead of Corporate Results

  

  European shares fell on Tuesday, October 12 as investors feared higher commodity prices would hurt the recovery of corporate earnings, and the sentiment was also affected by fresh evidence of problems at Chinese real estate investment group Evergrande. The European STOXX600 index fell 0.9% by 07:11 GMT after similar declines …

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• 12 October 2021 1:27 pm

  The Turkish Lira Continues to Decline to a Record Level Against The Dollar

  

  The Turkish lira fell to a new record low above nine lira to the dollar on Tuesday, October 12th, affected by uncertainty about political pressures to cut interest rates further and the dollar’s rise in general. The price of the lira recorded its record level, which it reached last night …

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• 12 October 2021 12:40 pm

  Auto Sales in China Fell by 20% in September

  

  Auto sales in China fell 19.6% from the same month a year ago, according to data released Tuesday, October 12, falling for the fifth month in a row as production was disrupted by a long-running global shortage of semiconductors. Data from the China Automobile Manufacturers Association revealed that total sales …

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