Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 3 September 2021 1:35 am

  Oil Finishes Higher amid Hurricane Ida

  

  Oil prices rose on Thursday, with the recent decision and market forecasts by the OPEC+ sinking in and being properly digested by investors with the focus tilting towards coming economic data. In addition, Hurricane Ida are impacting crude oil and fuels supply chain in North America. Brent crude futures for …

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• 3 September 2021 12:45 am

  Gold Closes Lower for Second Session in Row

  

  Gold prices declined on Thursday, for the second consecutive session despite the U.S. Dollar (USD) and Treasury bond yields decreasing, falling for the third time this week. The yellow metal front-month futures lost $4.40 or 0.24% to finish at $1808.70 per ounce. This is the lowest closing level for gold …

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• 2 September 2021 8:35 pm

  U.S. Factory Orders Rise 0.4%

  

  Factory orders in the United States increased by 0.4% in July, data by the U.S. Department of Commerce showed on Thursday. Meanwhile, orders for durable goods decreased by 0.1%, while nondurable goods orders leveled up by 0.9%. Orders for capital goods, excluding aircraft and military items, increased by 0.1%.

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• 2 September 2021 8:14 pm

  U.S. Gas Inventories Down 20 BCF in Week – EIA

  

  U.S. natural gas supplies increased by 20 billion cubic feet (bcf) last week, according to data released by the United States Energy Information Administration reported (EIA) on Thursday. Gas supplies are down by 579 bcf compared with the same time in 2020, and 222 bcf below the five-year average of …

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• 2 September 2021 7:57 pm

  Canada’s Building Permits Down 3.9% in July

  

  Canadian building permits declined in July by 3.9%, data by Statistics Canada showed on Thursday. The total value of building permits amounted to CAD 9.9 billion, rising by 21.8% on an annual basis. The reading comes against market expectations, after a 7.2% increase in June.

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• 2 September 2021 5:44 pm

  US: Weekly Initial Jobless Claims Decline to 340K

  

  There were 340,000 initial claims for unemployment benefits in the US during the week ending August 28, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 354,000 (revised from 353,000) and came in slightly better than the market expectation …

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• 2 September 2021 4:41 pm

  Russia’s Production of Oil And Gas Condensate Decreased to 10.4 M bpd

  

  Russia’s production of oil and gas condensate fell to 10.43 million barrels per day in August from 10.46 million barrels per day in July, according to calculations made by Reuters based on an Interfax report citing data from the Energy Ministry issued on Thursday. Interfax reported that the total production …

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• 2 September 2021 3:37 pm

  The Euro is Near a month’s Peak Against The Dollar, Supported by The Inflation

  The euro held near a one-month high against the dollar and a six-month peak against the pound, supported by statements that tend to tighten monetary policy by policymakers at the European Central Bank, and after data that showed inflation at its highest level in ten years and in light of …

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• 2 September 2021 3:35 pm

  Gold Stable as Investors Await US Jobs Data

  

  Gold prices stabilized as investors held off large bets in anticipation of a US non-farm payrolls reading seen as critical to the schedule for the Federal Reserve’s tapering of stimulus. There was little change in gold in spot trading at $1814.58 an ounce by 0646 GMT, while gold was trading …

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• 2 September 2021 1:45 pm

  European Shares Rise in Cautious Trading

  

  European shares rose on Thursday, supported by oil and chemical companies, while doubts about the outlook for monetary policy and signs of slowing global growth limited gains. The pan-European Stoxx 600 index rose 0.1% after Asian shares fell on growing concerns about the Chinese economy following a batch of weak …

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• 2 September 2021 1:16 pm

  Japan’s Topix Index Reaches Its Highest Level in More Than 5 Months

  

  Japan’s Topix index closed at a more than five-month high on Thursday, recovering from earlier losses, as a rise in technology shares offset the impact of a decline in carriers. Topix rose 0.14% to 1983.57 points, its highest closing level since March 29. The index rose for the fourth consecutive …

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• 2 September 2021 12:30 pm

  Oil Falls After OPEC + Confirms The Return of Supplies

  

  Oil prices fell after the Organization of the Petroleum Exporting Countries (OPEC) agreed to keep its policy of gradual supply back to the market unchanged as coronavirus cases soar around the world and many US refiners, a major source of crude demand, are out of business. Brent crude fell 15 …

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• 2 September 2021 3:04 am

  Oil Closes Mixed Following OPEC’s Output Decision

  

  Oil prices showed a mixed performance on Wednesday after the OPEC+ alliance decided to maintain the gradual production increases, easing previous output cuts. The global benchmark, Brent crude, closed lower for the second day despite expectations for a rising demand this year, with fears over disruptions due to Hurricane Ida. …

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