Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 17 September 2021 9:22 pm

  U.S. Consumer Sentiment rebounds below expectations in September

  

  Consumer sentiment in the United States has recorded a modest improvement in September after sharply falling in August, according to a preliminary report released by the University of Michigan on Friday.The report said the consumer sentiment index inched up by 71.0 in September from 70.3 in August, below economists’ expectations …

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• 17 September 2021 4:49 pm

  Dollar Near 3-Week Peak After US Retail Sales

  The dollar settled near three-week highs on Friday, September 17, after better-than-expected US retail sales data boosted bets on the strength of the US economy and the prospects of abandoning its stimulus program sooner than expected. The euro rebounded, recording $1.1783, but it remains close to a three-week low. US …

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• 17 September 2021 3:44 pm

  Oil Settles Above $75 After Slow Return of US Supplies

  

  Oil prices fell on Friday, September 17, but settled above $75 a barrel and remained on track for a weekly gain of more than 3 percent thanks to a slow recovery in US production after two hurricanes in the Gulf of Mexico. Brent crude futures fell 27 cents, or 0.36 …

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• 17 September 2021 2:48 pm

  European Shares on Track For Weekly Gains

  

  European shares rose on Friday, September 17, heading for weekly gains, as news that Britain is considering easing travel restrictions boosted shares of airlines and hotel groups, and a rebound in luxury goods stocks supported major indexes. By 0711 GMT, the pan-European Stoxx 600 index increased 0.7%, on track to …

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• 17 September 2021 1:52 pm

  Eurozone CPI Matching The Estimate

  

  According to Eurostat’s final reading of the Eurozone CPI report for August, the consumer prices came in at 3% on a yearly basis, matching the flash estimate and anticipated. While the core CPI also matched original estimates and 1.6% during the reported month.       

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• 17 September 2021 1:14 pm

  UK Retail Sales Unexpectedly Fall in August

  

  British retail sales volumes fell unexpectedly last month, official data showed on Friday, the longest streak of declines since records began, although sales volumes are still above pre-pandemic levels. The Office for National Statistics said sales fell 0.9 percent month-on-month in August, compared to the median forecast of economists in …

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• 17 September 2021 12:31 pm

  Japan Shares Close With Gains For The Fourth Consecutive Week

  

  Japanese stocks closed higher on Friday, September 17th, posting gains for the fourth consecutive week, as chip heavyweights jumped and some investors contributed to the latest gains. Hopes for new political leadership, an increase in COVID-19 vaccinations, and a decline in infections rose to the Nikkei index by an average …

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• 17 September 2021 4:39 am

  CAD disappointed by poor employment data

  

  GBP/CAD exchange rate was driven by movements in the Canadian Dollar linked to the rise of oil prices this morning, but CAD has since dell under pressure from disappointing employment data.The GBP/CAD pair has been traded at CAD 1.7475, unchanged from today’s opening level. The Canadian currency has obviously relinquished …

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• 17 September 2021 4:37 am

  Why is Chinese Evergrande close to collapse?

  

  Debt and crisis are the two key word while understanding why Evergrande Group, once China’s second-largest real estate developer, is approaching a collapse that could be catastrophic.Debts are mainly due to deposits from about 1.5 million people against new houses that have not been built yet, this is why Evergrande …

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• 17 September 2021 4:36 am

  Crude oil pulls back slightly

  

  The U. S. WTI crude oil market has pulled back slightly during the latest trading session on Thursday at USD 71.50 level after investors believed it would end the session unchanged at USD 72.61 a barrel.This slight low comes after crude oil climbed to the highest since 2 August, on …

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• 17 September 2021 1:35 am

  QE measures guide EUR/USD latest action

  

  Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …

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• 17 September 2021 1:29 am

  Canadian Stocks Fall on Drop in Commodity Shares

  

  The Toronto Stock Exchange S&P/TSX index declined 92 points, or 0.4% to 20,602 on Thursday.This low has been driven by a drop in commodity-linked stocks as gold futures fell to one-month lows and as China reiterated plans to release more metals from its reserves.WTI crude stabilised near a 6-week high …

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• 16 September 2021 10:45 pm

  US Dollar Spiked Up to a Fresh September High

  

  The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …

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