Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 13 October 2021 11:54 pm

  Fed: Gradual taper could begin by mid-November

  

  The Federal Reserve could begin reducing the pace of monthly asset purchases as soon as mid-November, according to minutes from the September meeting,The summary, released Wednesday, indicated the tapering process could see a monthly reduction of $10 billion in Treasury bills and $5 billion in mortgage-backed securities.Officials at the meeting …

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• 13 October 2021 11:35 pm

  Impact of FOMC Minutes on USD’s performance

  

  The U. S. dollar is rising marginally from the lows of the day on the release. Prior to the FOMC minutes.The U. S. dollar had eased back from a one year high as longer-dated Treasury yields fell after US inflation data, although data shows that prices rose solidly in September, …

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• 13 October 2021 11:24 pm

  FOMC: Gradual Taper Likely Appropriate

  

  The U. S. Fed released its minutes of the September monetary policy meeting. Participants generally assessed that, provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the middle of next year would likely be appropriate.Various participants stressed that economic conditions were likely to …

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• 13 October 2021 11:12 pm

  Gold price surges to 4 week high on USD’s weakness

  

  Gold price is posting strong gains in midday U.S. trading Wednesday, hitting 4 week highs. Buy stop orders were hit in the futures markets after key technical resistance levels were penetrated on the upside.A selloff in the U.S. dollar index today also worked in favor of the precious metal market …

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• 13 October 2021 10:37 pm

  U. S. shares struggle ahead earnings season

  

  U. S. shares opened higher, Wednesday, but turned negative. As third-quarter earnings reports start flowing in today, investors will be keeping a sharp eye on growth. Returns will slow because of elevated inflation and supply chain disruptions in addition to rising costs.Despite the current bottlenecks and inflation pressures, Fed is …

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• 13 October 2021 10:26 pm

  Investors watching for clues by FOMC minutes

  

  The Fed minutes are not released in a lock up any longer so the report will be put up on the Fed website at the top of the hour and then the free-for-all begins.To recap, the key line in the FOMC statement was:“If progress continues broadly as expected, the Committee …

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• 13 October 2021 10:19 pm

  Putin: Russia will supply more gas if Europe asks

  

  Russian President Vladimir Putin said on Wednesday that Russia was ready to provide more gas to Europe if requested, rejecting accusations that Moscow squeezes supplies for political motives.“If they ask us to increase further, we are ready to increase further. We will increase by as much as our partners ask …

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• 13 October 2021 10:02 pm

  U.S. consumers expect 30% surge of winter heating bills

  

  U.S. households using natural gas are expected to pay a 30% hike in heating bills. The U.S. consumers will face sharp increases in energy costs this winter no matter what type of fuel they use to heat their homes, according to a report from the Energy Information Administration released Wednesday.The …

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• 13 October 2021 9:51 pm

  European Union to cancel checks on British goods

  

  The European Union said its new plan for Northern Ireland will cut customs paperwork by 50% and mean most food products will not need to be checked when arriving from Great Britain.Northern Ireland has a special Brexit deal which keeps it in the EU’s single market for goods and allows …

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• 13 October 2021 9:42 pm

  Inflation data push Treasury yields closer together

  

  The gap between yields on shorter- and longer-term Treasury yields narrowed Wednesday after new data showed consumer prices rose in August. The gap narrowed mainly because Longer-dated Treasury yields moved lower after stronger than expected U.S. inflation data.In turn, 10 and 30 year U.S. yields were lower on Wednesday morning. …

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• 13 October 2021 9:08 pm

  CPI data creates problems for Wall Street

  

  Stocks on Wall Street drifted between gains and losses on Wednesday, with the S&P 500 down 0.2% soon after the start of trading. The Nasdaq composite ticked up 0.3%. After opening higher, the Dow and S&P 500 soon lost momentum and gave back their modest gains in exchange for losses. …

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• 13 October 2021 8:42 pm

  BoE: Crypto growth could create risk

  

  Cryptocurrency market is double the size of the sub-prime debt in the U.S. on the eve of the financial crisis posing a threat unless urgently regulated according to the Bank of England.Crypto assets are worth $2.3 trillion, about 200% more than at the start of 2021. While that represents a …

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• 13 October 2021 8:00 pm

  U.K. disposable incomes dropping

  

  U.K. disposable incomes are set for their biggest drop in a decade next year as rising inflation, tax hikes and tighter monetary and fiscal policy put the squeeze on consumers, according to Credit Suisse.The bank predicts a 1.5% drop in real disposable incomes in 2022, the biggest fall since the …

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