Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 19 October 2021 3:41 am

  White House pressures OPEC over supply

  

  U. S. Press Secretary Jen Psaki assured that the White House is continuing to press OPEC member states to address the crude oil supply issue. “I would also note that what we’re also working to address is more of a logistics issue of how we are moving supply around the …

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• 19 October 2021 3:13 am

  EUR/USD improves amid risk sentiment

  

  EUR/USD has advanced during the New York trading session, up 0.07%, trading at 1.1610. During the session, market sentiment conditions improved despite a weaker than expected third quarter China’s GDP for the third quarter rose by 4.9% (YoY), lower than the 5.0% expected, which trailed the 7.9% increase of the …

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• 19 October 2021 2:37 am

  U. S. to extend debt ceiling measures past 3 December

  

  Treasury Secretary Janet Yellen in a letter to Congress said that the Treasury must use extraordinary measures before 3 December 3 to meet all its obligations. She urges a long term debt ceiling increase.Yellen said the extended debt issuance suspension period would mean that Treasury would continue its suspensions of …

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• 19 October 2021 2:21 am

  Polish Prime Minister: EU bloc’s future at risk

  

  Polish Prime Minister Mateusz Morawiecki has warned that overreach by some of the EU institutions is a threat to the future of the bloc.In a letter to the EU’s 27 national leaders, Morawiecki defended his country’s actions, saying that the Commission is dangerously overstepping the limits of its powers by …

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• 19 October 2021 2:09 am

  Fresh attempt to change Eurozone’s rules

  

  Later Monday, the European Commission will officially start consultation and discussion on whether and how to reform the Eurozone’s fiscal rules.Over the past 20 years the Stability and Growth Pact (SGP) has been one of the most contentious pillars of the monetary union. Despite all current shortages in the global …

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• 19 October 2021 12:21 am

  Oil prices erased earlier gains over global demand

  

  Crude oil prices erased earlier gains, Monday, as the global energy crisis won’t require added crude demand for the rest of October due to warmer weather.The Commodity Weather Group anticipates that the US will have warmer than normal weather for the remaining days of October.Oil prices have been skyrocketing on …

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• 19 October 2021 12:12 am

  U. S. builder confidence challenges supply chain disruptions

  

  Strong consumer demand has helped thrust builder confidence higher in October despite growing affordability challenges imposed by surging material prices and shortages.Builder sentiment in the market for newly built single-family homes moved four points higher to 80 in October, according to the NAHB/Wells Fargo Housing Market Index (HMI) released on …

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• 18 October 2021 11:57 pm

  EUR/JPY remains firm against 132.75

  

  Euro has ticked up, Monday, against the Japanese yen, for the eighth successive trading session, although it has failed to advance beyond the four-month high at 132.75 hit last Friday. The pair, however, maintains its positive bias intact, with bearish attempts contained above 132.15.The euro remains strong against an ailing …

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• 18 October 2021 10:54 pm

  Major indices mixed early on as rising Treasury yields

  

  Wall Street stocks were mixed early on Monday as bond yields rose and Chinese GDP numbers disappointed.The Dow opened 42.30 points weaker on Monday, cutting into gains recorded at the tail end of last week on the back of a better than anticipated start to the third-quarter earnings season.Dow was …

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• 18 October 2021 10:38 pm

  Economic slowdown awaits U. S. in 2022

  

  The U.S. economy will be battling a continued slowdown in 2022 as it contends with sticky inflation and supply chain bottlenecks.Growth is clearly slowing. Obviously the U. S. has passed the peak growth rate, but it’s a relatively graduate slowdown. A number of economists have cut their 2021 GDP growth …

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• 18 October 2021 7:58 pm

  The U.S. suffers from sash glut

  

  The U. S. economy faces some problems. A pandemic is barrier, but has not developed into a financial crisis yet because it has not damaged credit markets or household balance sheets, as the housing bubble of the early 2000s did. Instead, the pandemic caused a sharp, brief recession.Today, the unemployment …

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• 18 October 2021 6:44 pm

  Market Drivers – European Session 18-10-2021

  

  US stock index futures fell in early trading on Monday, after major indexes posted their best week in months amid a stronger-than-expected start to the earnings season, Dow Jones Industrial Average futures fell 174 points or 0.5%, and S&P 500 futures were down 174 points, or 0.5%. By 0.5%, the …

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• 18 October 2021 5:32 pm

  The US Dollar Rises to Its Highest Level in One Year

  

  On Monday, the US dollar returned to a one-year high hit last week as rising inflation expectations and rising bond yields added to its appeal against its rivals, with the New Zealand dollar falling off-trend thanks to strong data, and US Treasury yields boosting Monday, continuing the trend in recent …

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