Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 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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• 20 September 2021 3:53 pm

  The Turkish Lira Falls to Its Lowest Level

  

  The Turkish lira lost about 0.4% of its value against the dollar on Monday, September 20, and hit its lowest level since July 9, under pressure from the dollar’s rally ahead of the Turkish Central Bank’s meeting to set the interest rate this week. The lira fell to 8.6835 compared …

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• 20 September 2021 3:11 pm

  Dow Jones Futures Drop More Than 550 Points

  

  US stock futures posted big losses in early morning trading Monday, September 20 after the DOW JONES manufacturing index posted three consecutive weeks of losses for the first time since September 2020. DOW JONES futures fell more than 550 points early in the morning today, and S&P 500 and Nasdaq …

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• 20 September 2021 2:14 pm

  Canadian Federal Elections: 2019 Results Highly Expected

  

  On Monday, Canadians head to the polls to choose between the Liberals led by Prime Minister Justin Trudeau and the Conservative Party led by Erin O’Toole. Direct voting between the two parties is volatile. Still, a repeat of 2019 is likely when the Liberals lost the parliamentary majority and the …

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• 20 September 2021 1:25 pm

  Oil is Falling on The Increase in US Drilling Rigs

  

  Oil prices fell on Monday, September 20, extending losses from last week, after the US dollar jumped to a three-week high and the number of US drilling rigs increased, even though nearly a quarter of US production in the Gulf of Mexico remained shut down after two hurricanes. Brent crude …

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