Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 13 October 2021 3:52 pm

  OPEC Revises 2021 Oil Demand Growth Forecast

  

  In its monthly report published on Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) announced that it lowered the 2021 oil demand growth forecast to 5.82 million (bpd) from 5.96 million bpd, per Reuters. Raising expectations of non-OPEC supply growth by 100,000 barrels per day in 2022 Maintaining the …

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• 13 October 2021 3:06 pm

  China’s Trade Surplus With The U.S. Rises to a Record Monthly Level

  

  China’s import data in September posted disappointing growth, while exports beat expectations, according to data released Wednesday by the customs agency. Imports in US dollars rose 17.6 percent last month from a year ago to $240 billion, less than 20 percent estimated by analysts polled by Reuters. Exports in US …

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• 13 October 2021 2:25 pm

  Britain’s Economic Growth Returns in August

  

  Britain’s economy returned to growth in August after contracting for the first time in six months in July, keeping bets in the financial market that the Bank of England will start raising interest rates before the end of the year. The gross domestic product grew 0.4% in August, slightly less …

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• 13 October 2021 1:47 pm

  Market Drivers – Asian Session 13/10/2021

  

  There were no strong moves during the Asian trading on Wednesday, while Asian stocks were still looking for direction. The Nikkei 225 index briefly rose, but quickly retreated and gave up its gains, losing 90 points, or 0.32%, to close at 28,140 on Wednesday. Investors are awaiting US inflation data …

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• 13 October 2021 1:42 pm

  Japan Shares Fall Ahead of The U.S. Data

  

  Japanese stocks closed lower on Wednesday, October 13th, as investors awaited the U.S. consumer price data, as the Nikkei index fell 0.32%, to close at 28,140.28 points, and the broader Topix index fell 0.45% to 1973.83 points. Shipping companies’ shares fell 3.27%, while the steel industry sector index fell 1.66%, …

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• 13 October 2021 12:25 pm

  Oil touches the first target of the downside correction

  

  Oil, Crude, trading

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• 13 October 2021 2:35 am

  Market Drivers – U. S. Session 12-10-2021

  

  The economic outlook on Tuesday’s U. S. trading session encompassed several readings that significantly impacted the performance of major currencies as well as Wall Street.Market Sentiment Market sentiment pushed the U. S. dollar to hit a one-year high on Tuesday on expectations the U.S. Federal Reserve will announce a tapering …

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• 13 October 2021 1:31 am

  White House’s one more month of economic debate

  

  Another month of slow hiring forced White House officials to admit that the recovery is lagging expectations, and that inflation and worker shortages could continue into 2022.Administration officials are planning to highlight whatever bright spots they can find, such as rising wages and the pace of economic growth, and use …

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• 13 October 2021 12:36 am

  USD hits one year high as U.S. yields surge

  

  The U. S. dollar hit a one-year high on Tuesday on expectations the U.S. Federal Reserve will announce a tapering of its massive bond-buying program in November as concerns over soaring energy prices also sent investors to the safe-haven currency.Yields on the U.S. two-year Treasury note jumped to their highest …

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• 12 October 2021 11:16 pm

  U.S. shares hesitant amid energy and inflation concerns

  

  The S&P 500 ticked down 0.1% while the tech-heavy Nasdaq traded declined less than 0.1%, Nasdaq also reversed lower in afternoon trading but ended up close to breakeven. Meanwhile, U.S. West Texas intermediate crude oil futures hovered near a seven-year high.The Dow Jones Industrial Average declined slightly in today’s stock …

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• 12 October 2021 10:59 pm

  SEC probes Wall Street bankers’ digital communications

  

  The U.S. Securities and Exchange Commission (SEC) opened a broad inquiry, Tuesday, into how Wall Street banks keep track of employees’ digital communications according to Reuters.SEC enforcement staff contacted multiple banks to check whether they have been documenting employees’ work-related communications, such as text messages and emails, with a focus …

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• 12 October 2021 10:43 pm

  EUR/USD slides to new 2021 lows at 1.1524

  

  EUR/USD is sliding during the New York session, downward pressured 0.23%, trading at 1.1526. The single currency is trading near the 2021 year lows.The market sentiment is still under risk-off environment, portrayed by US stock indices falling between 0.15% and 0.34%. Safe-haven currencies like the Japanese yen and the Swiss …

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• 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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