Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 24 September 2021 2:47 am

  GBP/JPY price trades around 151.50 on BoE’s statements

  

  On Thursday, the GBP/JPY reached a new four day high at 151.48 as market sentiment ended mixed, and it could weigh on the British pound. The cross-currency declined to a daily low of 149.53, but as the European session began and the Bank of England released its monetary policy statement, …

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• 24 September 2021 2:32 am

  Biden administration sanctions virtual currency exchange

  

  The White House has imposed sanctions against SUEX, a virtual currency exchange that enables users to trade cryptocurrency or other digital currencies.The new measures were a reaction to the role played by the Czech Republic-based SUEX’s in facilitating financial transactions for ransomware actors as well as involving illicit proceeds from …

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• 23 September 2021 9:32 pm

  U. S. Investors’ concerns on infrastructure eased

  

  Investors appear to have brushed aside their interest in the progress of talks on the spending plan of USD 3.5 trillion after the meetings between U. S. President Joe Biden and the Democratic lawmakers.Advocates encouraged after disappointment over getting USD 1 billion for the equity related projects in bipartisan infrastructure …

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• 23 September 2021 8:38 pm

  Fed’s Decisions move XAU/USD to decline

  

  The XAU/USD has now declined and eventually moved back into the negative territory for the second successive day.Gold price was additionally pressured by more and more global central banks. The Federal Reserve on Wednesday indicated that control of the pace of asset purchases may soon be announced if economic progress …

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• 23 September 2021 8:19 pm

  Crypto billionaire: Bitcoin’s stability shows market is in good shape

  

  U. S. Crypto billionaire Mike Novogratz said that bitcoin’s firm level at $40,000 during the latest selloff had definitely sent a good sign for the market.Speaking after cryptocurrencies’ sharp selloff at the start of the week, Novogratz also recommended buying digital assets under the current circumstances. He said that he …

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• 23 September 2021 8:04 pm

  Biden’s pick for OCC Head is critical of cryptos

  

  U. S. President Joe Biden’s pick for the official position of the Office of the Comptroller of the Currency (OCC) Chair has stirred controversy across the financial circles Biden’s pick is Saule Omarova; a Cornell University’s law professor who has been critical of cryptocurrencies. Omarova adopts a vision on a …

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• 23 September 2021 8:00 pm

  GBP rose against the U. S. dollar after FED’s decisions

  

  Britain’s FTSE index has been up by 0.2%, while sterling rose 0.8% versus the U. S. dollar to USD 1.37.The Bank of England on Thursday kept monetary policy unchanged and downgraded economic growth projections for the third quarter of 2021.European investors are still digesting signals and comments by the U. …

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• 23 September 2021 7:15 pm

  European stocks climb on Bank of England, Fed statements

  

  European stocks have been traded higher Thursday as global markets reacted to the latest policy decisions from the Bank of England and the U.S. Federal Reserve.Investors are still digesting the Fed’s decisions and the statements by the Bank of England, as the IHS Markit’s flash composite Purchasing Managers’ Index (PMI) …

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• 23 September 2021 6:58 pm

  Bank of England: Inflation is poised to top 4%

  

  The Bank of England said the chance for higher interest rates appeared to have strengthened on Thursday after it pushed up its forecast for inflation at the end of the year to over 4%, more than twice its target rate.Policymakers at the Bank of England unanimously voted to leave its …

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• 23 September 2021 5:26 pm

  Canada: Retail Sales Decline by 0.6% in July

  

  Retail Sales in Canada contracted by 0.6% on a monthly basis in July, the data published by Statistics Canada showed on Thursday. This reading followed June’s increase of 4.2% and came in slightly better than the market expectation for a decrease of 1.2%. Excluding cars, Retail Sales in Canada declined …

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• 23 September 2021 5:00 pm

  US: Weekly Initial Jobless Claims Rise to 351K

  

  There were 351,000 initial claims for unemployment benefits in the US during the week ending September 18, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 335,000 (revised from 332,000) and came in worse than the market expectation of …

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• 23 September 2021 4:37 pm

  Eurozone Business Growth Slows in September

  

  Thursday’s survey showed that business in the eurozone grew at the slowest pace in five months in September, as measures imposed to combat the spread of the Delta strain of the Coronavirus hit demand, while restrictions on supply chains raised the cost of production to more than a two-decade high. …

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• 23 September 2021 4:20 pm

  Gold Stabilizes in Light of The US Dollar’s Decline to its Lowest Level in a Month

  

  Gold prices stabilized Thursday, September 23, after the dollar gave up some of its gains due to hints from the Federal Reserve of a faster-than-expected interest rate hike, but positive news from China’s Evergrande limited the demand for possession of the yellow metal, which is considered a safe haven. Spot …

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