Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 5 October 2021 2:45 pm

  The Dollar Climbs to a Year High

  The dollar rebounded to a one-year high against other major currencies on Tuesday, ahead of an important US jobs report due at the end of the week, which could increase the Federal Reserve’s motivation to start tapering stimulus by next month. The dollar, which is considered a safe haven, also …

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• 5 October 2021 1:45 pm

  Oil Rises After OPEC+ Adheres to Supply Restrictions

  

  Oil prices rose on Tuesday, October 5, reaching their highest levels in at least three years, extending gains made during the previous session after the world’s major oil producers announced their decision to maintain a curb on crude supplies. Brent crude rose 23 cents, or 0.3%, to $81.49 a barrel, …

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• 5 October 2021 1:11 pm

  Gold Falls Due to The Rise of The Dollar

  

  Gold prices fell on Tuesday, October 5, as the dollar benefited from a decline in risk appetite, and the metal is likely to see volatile trading in the run-up to Friday’s US jobs numbers, which may have an impact on the US Federal Reserve’s plans to cut stimulus. And gold …

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• 5 October 2021 12:32 pm

  Nikkei Falls to a One-Month Low

  

  Japanese stocks fell to a one-month low on Tuesday as growth stocks were hit hard, as rising oil prices heightened concerns about inflation and monetary tightening globally. The Nikkei index fell by 2.19% to close at 27822.12 points. The broader Topix index lost 1.33% to 1947.75 points, above its 200-day …

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• 5 October 2021 3:24 am

  Biden ponders lower spending package to avoid block

  

  Early Tuesday morning in Asia, CNN came out with the news suggesting a different approach by U. S. President Joe Biden to get his infrastructures spending plan through the Senate during a group of House progressives.The Democrats said to have backed the need to trim the top line of the …

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• 5 October 2021 3:14 am

  Facebook suffers worst selloff of 2021

  

  The social media giant’s stock on Monday retreated by nearly 5% in its worst daily loss since November. The decline came after Facebook’s worst outage since 2008. Facebook retreated to $315 level, however it closed Friday at $326.23 a share.The company came under additional pressure after whistleblower Frances Haugen revealed …

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• 5 October 2021 3:02 am

  Tesla’s good news on sales and chip problems

  

  Tesla’s good news covers growth despite shortage of microchips and Q3 impressive sales. U.S. dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units, or almost 33%. On the contrary, Tesla delivered 241,300 vehicles in the third quarter, up about 73% compared with the …

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• 5 October 2021 2:17 am

  General Motors’ electric-vehicle backed by hedge fund

  

  General Motors is planning for autos to be fully electric is based upon plans to electrify its vehicle lineup after the famous U. S. company won the support of an impact investment group. The hedge fund Engine No. 1, which was announced in January when it won three seats on …

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• 5 October 2021 12:37 am

  Bitcoin to spike over $48000 as crypto market rises to $2 trillion

  

  Compared to its Friday morning values, Bitcoin has gained more than 9%, regaining its previous high of $47,000.The flagship digital asset is trading at $47,762, down 0.23% on the day but up 9.08% in the last seven days.In this fourth quarter of 2021, the digital asset market has transitioned from …

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• 4 October 2021 11:47 pm

  Pandora Papers: World leaders deny wrongdoing after huge leak

  

  Several world leaders have issues official statements denying any involvement in wrongdoing after a huge leak of millions of documents that reveal secret financial dealings of the global political elite.The Pandora Papers investigation, which involved a consortium of 600 journalists from a variety of global media outlets, is based on …

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• 4 October 2021 11:37 pm

  Facebook’s shares lose 6% in wake of whistleblower revelations

  

  Facebook Inc. services experienced widespread outages Monday morning, adding to the social network’s worst and most miserable day.Facebook FB shares dropped as much as 6% to an intraday low of USD 323, which would be their worst single day decline since a 6.3% fall logged on 30 October 2020. The …

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• 4 October 2021 11:14 pm

  NZD/USD maintains positive tone

  

  The reversal of New Zealand’s dollar from 0.0.6980 high has found support at 0.6955.The NZD/USD pair was able to maintain its near-term positive tone amid broad-based USD weakness. Therefore, the NZD/USD remains close to 0.7000 resistance area.The New Zealand dollar’s rejection at the 0.7000 area, seen during Monday’s earlier US …

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• 4 October 2021 10:54 pm

  Australia’s business confidence first increase since May

  

  The Business Confidence Index in Australia has increased for the first time since May.The Index’s report cites following the outlining of re-opening plans in September in both NSW and Victoria, business confidence data gained +3.1% m/m to 104.6 on Monday, and +22.2% y/y. Business confidence in September 2021 was 9.2pts …

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