Open Demo Account

Market Analysis

October, 2021

  • 1 October 2021 8:45 pm

    Positive reading on U. S. ISM Manufacturing Employment Index

    U. S. ISM Manufacturing Employment Index is at a current level of 50.20, up from 49.00 last month and up from 49.60 one year ago. This is a change of 2.45% from last month and 1.21% from one year ago. The Institute for Supply Management (ISM) Manufacturing Index shows business …

    Read More »
  • 1 October 2021 7:52 pm

    ISM Manufacturing Index rose to 61.1 in September

    Measurement of U.S. manufacturing witnessed expansion in September at the fastest pace in four months.The new data by The Institute for Supply Management’s gauge of factory activity rose to 61.1 from August’s 59.9, according to data released Friday. Readings above 50 indicate expansion. The median estimate in a Bloomberg survey …

    Read More »
  • 1 October 2021 3:45 pm

    The Dollar is Heading For The Best week in Months

    The dollar started the fourth quarter of 2021 near its highest levels in the year and is heading towards achieving its best weekly performance since June, as investors expect the Federal Reserve, which appears to be inclined towards monetary tightening, to raise interest rates at a faster pace than its …

    Read More »
  • 1 October 2021 2:56 pm

    Eurozone Preliminary CPI Jumps 3.4% YoY in September

    The annualized Eurozone Consumer Price Index (CPI) rose by 3.4% in September, beating expectations of 3.3% while up from August’s reading of 3.0%, the latest data published by Eurostat showed on Friday. The core figures arrived at 1.9% YoY in September when compared to 1.9% expectations and 1.6% booked last.

    Read More »
  • 1 October 2021 2:13 pm

    Japan Shares Plunge to One-Month Lows on Supply Worries

    Japan

    Japanese shares plunged on Friday to a one-month low on mounting concerns that multiple disruptions to global supply chains may keep inflation high for much longer. Investor sentiment was also pressured by the postponement of a vote on an important spending bill for the administration of US President Joe Biden, …

    Read More »
  • 1 October 2021 1:18 pm

    European Shares at Two-Month Lows on Inflation Fears

    European shares fell to their lowest level in two months on Friday, continuing a global sell-off as investor sentiment was negatively affected by growing concerns about slowing economic growth and rising inflation. The pan-European STOXX 600 index fell 1.3 percent, while the travel and leisure, banking and auto industry sectors …

    Read More »
  • 1 October 2021 2:33 am

    Directors’ confidence in UK economy falling off a cliff

    Directors have been the least optimistic about the UK economy since winter lockdown. Directors’ confidence even fell off a cliff in September.Energy and tax bills have already spiked and a fuel crisis is biting while the government gradually withdraws its support for workers. Bloomberg said that people running small and …

    Read More »
  • 1 October 2021 2:16 am

    Will U. S. create USD 1 trillion-coin to avoid debt crisis?

    Money in the world’s largest economy is at risk of running dry after two weeks over latest statements by Secretary Janet Yellen saying the U. S. will hit its USD 28.4 trillion (USD 39.6 trillion) debt limit on 18 October unless a temporary funding solution is found by Congress.The stock …

    Read More »
  • 1 October 2021 1:28 am

    Before midnight deadline, Congress moved to avoid shutdown.

    Congress managed to prevent a government shutdown Thursday just some hours before midnight deadline and The U.S. will avoid a lapse in funding once Joe Biden signs it into law.The Senate and House both passed a short-term appropriations bill that will keep the government running till 3 December.The Senate approved …

    Read More »
  • 1 October 2021 1:21 am

    GBP stabilizes after sharp fall

    The British pound has reaped considerable gains on Thursday trading session. GBP/USD is currently trading at 1.3476, up 0.36%.The positive news was about the UK economy, as the final estimate for UK growth in Q3 was 5.5%, revised upwards from 4.8%. The United Kingdom’s GDP is now about 3.3% below …

    Read More »
  • 1 October 2021 12:57 am

    Oil surges over Beijing’s orders ahead of OPEC+ meeting

    Oil is trading at USD 75.08 a barrel for WTI and at USD 77.70 for Brent on Thursday.The global energy crisis impacted China’s economy, however, since China came out to express preparedness to pay top dollar to secure more supply and issued orders to energy suppliers to stock up, oil …

    Read More »
  • 1 October 2021 12:22 am

    Yen slows down U. S. dollar rally

    The Japanese yen has reaped gains and versed directions on Thursday. The USD/JPY is trading currently at 111.48, down 0.41% during the day’s trading session.The yen previously experienced six successive losing sessions and dropped about 2 percent. On Wednesday, USD/JPY was above the 112 line for the first time since …

    Read More »

September, 2021

  • 30 September 2021 11:45 pm

    Secretary Yellen calls for permanent end to debt limit

    Treasury Secretary Janet Yellen, Thursday, called for an ultimate end to the federal debt ceiling altogether and shot the idea raised by down lawmakers of minting a USD 1 trillion coin to avoid defaulting on the debt.Yellen described the debt limit as “very destructive” during the House’s before the Committee …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends