Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 29 November 2021 1:19 pm

  Gold Rises as Fears of Omicron Boost Its Allure

  

  Gold prices rose on Monday after concerns about the impact of the potentially vaccine-resistant Omicron strain of coronavirus boosted gold’s safe-haven appeal. Spot gold rose 0.1 percent to $1,793.72 an ounce. US gold futures rose 0.4 percent to settle at $1,793.2. Actual demand for gold in major Asian hubs increased …

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• 29 November 2021 12:37 pm

  The Turkish Lira Drops 4%, Approaching Record Lows

  

  The Turkish lira fell more than 4% against the dollar in weak and volatile trading Monday, November 29, approaching record lows hit last week when President Recep Tayyip Erdogan insisted he was sticking to his policy of cutting interest rates despite widespread criticism. The lira fell until its value reached …

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• 29 November 2021 8:27 am

  Weekly Recap 22-26 November

  

  Financial markets were calm last week due to the Thanksgiving holiday in the United States, and investors were cautious due to the emergence of the new Coronavirus mutant in South Africa and the Uk. Gold During the past week, the safe haven fell due to the growing strength of the …

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• 27 November 2021 2:21 am

  Market Drivers – US Session – 26-11-2021

  

  The US session did not witness the release of any remarkable economic data, rather it has been dominated by concerns of probable lockdowns in Europe, the emerging new virus strain.On Friday, oil prices recorded their largest one-day drop since April 2020 by falling about $10 a barrel, as a new …

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• 27 November 2021 1:59 am

  What Is Next for China’s Economy?

  

  China’s post-COVID recovery has been hurt by Beijing’s crackdown on real estate and tech giants. Strong exports have saved the economy but what happens when global demand for Chinese goods decreases? Despite projections of 8% economic growth this year, China is struggling to handle many economic challenges. The debt crisis …

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• 27 November 2021 1:21 am

  Bitcoin Typically Acts As Risk Asset

  

  Bitcoin fell 8% Friday, on the same day, the S&P 500 index retreated by 2.3%, that is to mean the most famous cryptocurrency is not the ideal hedge against volatility in the financial market as may be claimed by its backers.The hedge today was bonds, similar to much of market …

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• 27 November 2021 12:47 am

  GBP/USD Steadies Amid Risk-Off Market Mood

  

  The British pound recovers from earlier losses during today’s trading despite risk-of-market sentiment clouding the financial markets due to discovering a new COVID-19 variant in South Africa. The GBP/USD pair is trading at 1.3341, up some 0.14%.In the overnight session, market sentiment fell as South Africa announced the discovery of …

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• 26 November 2021 11:53 pm

  Brent Crude Extends Five Week Losses Over Demand Concerns

  

  On Friday, oil prices recorded their largest one-day drop since April 2020 by falling about $10 a barrel, as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell through 2022’s first quarter.Oil fell with global equities markets on fears the new variant could …

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• 26 November 2021 11:34 pm

  Rate Hikes Speculations Push EUR/GBP Higher

  

  The EUR/GBP pair spiked towards 0.8500 on Friday as markets are being quacked by the latest Covid-19 variant developments.The pair benefitted from a moderation of global central bank rate hikes. EUR/GBP saw sharp upside on the final trading day of the week, surging from close to the 0.8400 level to …

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• 26 November 2021 10:35 pm

  Virus Variant Impacts T-Yields, USD

  

  On Friday, US Treasury yields experienced sharpest drop since the pandemic began as investors rushed toward safe haven assets following the emergence of a new coronavirus variant in South Africa.The two-year Treasury yield, which typically moves in step with interest rate expectations, was down 14.2 basis points at 0.502, the …

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• 26 November 2021 9:54 pm

  COVID Variant, Lockdown Fears Behind Dow ‘s Worst Day in 2021

  

  US shares dropped on Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which fanned concerns that new growth-crushing lockdowns could be imposed. Trading volumes were low due to the Thanksgiving holiday in the US, which contribute to the market’s volatility. Major benchmarks fell sharply …

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• 26 November 2021 8:56 pm

  WTI Retreats By More Than 11%

  

  WTI crude oil has been under severe selling pressure in recent trade. Oil has settled under $70.00, marking a more than 11% decline on the day, its worst session since last year when future contracts swung deeply into negative territory in April 2020.The oil market’s implosion comes on a day …

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• 26 November 2021 8:42 pm

  SA Reacts To European New Variant Comments

  

  European Central Bank Vice President Luis de Guindos said on Friday that the new Covid-19 variant is worrying.“We have to be patient even if markets are volatile, my personal opinion that policy will remain accommodative”, de Guindos added.On the PEPP, he said, it will end in its expected size at …

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