Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 19 October 2021 2:09 am

  Fresh attempt to change Eurozone’s rules

  

  Later Monday, the European Commission will officially start consultation and discussion on whether and how to reform the Eurozone’s fiscal rules.Over the past 20 years the Stability and Growth Pact (SGP) has been one of the most contentious pillars of the monetary union. Despite all current shortages in the global …

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• 19 October 2021 12:21 am

  Oil prices erased earlier gains over global demand

  

  Crude oil prices erased earlier gains, Monday, as the global energy crisis won’t require added crude demand for the rest of October due to warmer weather.The Commodity Weather Group anticipates that the US will have warmer than normal weather for the remaining days of October.Oil prices have been skyrocketing on …

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• 19 October 2021 12:12 am

  U. S. builder confidence challenges supply chain disruptions

  

  Strong consumer demand has helped thrust builder confidence higher in October despite growing affordability challenges imposed by surging material prices and shortages.Builder sentiment in the market for newly built single-family homes moved four points higher to 80 in October, according to the NAHB/Wells Fargo Housing Market Index (HMI) released on …

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• 18 October 2021 11:57 pm

  EUR/JPY remains firm against 132.75

  

  Euro has ticked up, Monday, against the Japanese yen, for the eighth successive trading session, although it has failed to advance beyond the four-month high at 132.75 hit last Friday. The pair, however, maintains its positive bias intact, with bearish attempts contained above 132.15.The euro remains strong against an ailing …

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• 18 October 2021 10:54 pm

  Major indices mixed early on as rising Treasury yields

  

  Wall Street stocks were mixed early on Monday as bond yields rose and Chinese GDP numbers disappointed.The Dow opened 42.30 points weaker on Monday, cutting into gains recorded at the tail end of last week on the back of a better than anticipated start to the third-quarter earnings season.Dow was …

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• 18 October 2021 10:38 pm

  Economic slowdown awaits U. S. in 2022

  

  The U.S. economy will be battling a continued slowdown in 2022 as it contends with sticky inflation and supply chain bottlenecks.Growth is clearly slowing. Obviously the U. S. has passed the peak growth rate, but it’s a relatively graduate slowdown. A number of economists have cut their 2021 GDP growth …

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• 18 October 2021 7:58 pm

  The U.S. suffers from sash glut

  

  The U. S. economy faces some problems. A pandemic is barrier, but has not developed into a financial crisis yet because it has not damaged credit markets or household balance sheets, as the housing bubble of the early 2000s did. Instead, the pandemic caused a sharp, brief recession.Today, the unemployment …

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• 18 October 2021 6:44 pm

  Market Drivers – European Session 18-10-2021

  

  US stock index futures fell in early trading on Monday, after major indexes posted their best week in months amid a stronger-than-expected start to the earnings season, Dow Jones Industrial Average futures fell 174 points or 0.5%, and S&P 500 futures were down 174 points, or 0.5%. By 0.5%, the …

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• 18 October 2021 5:32 pm

  The US Dollar Rises to Its Highest Level in One Year

  

  On Monday, the US dollar returned to a one-year high hit last week as rising inflation expectations and rising bond yields added to its appeal against its rivals, with the New Zealand dollar falling off-trend thanks to strong data, and US Treasury yields boosting Monday, continuing the trend in recent …

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• 18 October 2021 4:59 pm

  Reuters: OPEC+’s commitment to Production Cuts Drops Slightly to 115% in September

  

  Three sources from OPEC+ told Reuters on Monday that the alliance’s commitment to oil cuts fell slightly to 115 percent in September. The figure shows that some members are still facing production problems according to their agreed quotas due to various technical problems.

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• 18 October 2021 3:40 pm

  Crude Oil Prices Rose to Highest in More Than 7 Years

  

  NYMEX crude prices rose during those moments from their highest levels since the beginning of October 2014, as they rose to levels of 83.73 dollars per barrel, an increase of about 1.5 percent. While the benchmark Brent crude broke the levels of 86 dollars for the first time since mid-October …

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• 18 October 2021 2:38 pm

  Gold Catches Its Breath

  

  Gold fell on Monday morning in Asia, recouping some losses after heavy selling during the previous session as US bond yields tumbled. Gold futures were down 0.03% at $1,767.75, to offset losses after dropping 1.6% on Friday. The benchmark 10-year US Treasury yields also eased after rising to 1.5904% on …

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• 18 October 2021 1:45 pm

  European Shares Slide on Inflation Fears

  

  European stocks were lower on Monday after rising commodity prices raised concerns sparked by a deepening energy crisis, while weak weekly data from China kept fears of slowing economic growth. The pan-European STOXX 600 index fell 0.4 percent by 0707 GMT after an upbeat start to the quarterly earnings season …

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