Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Everything is bigger in Texas. Problems with its electric grid and energy demand for bitcoin is no exception. A new analysis shows that the electric grid is just as vulnerable to crises and blackouts as it was before February’s blackouts just as the state is gearing up to turn into …
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November, 2021
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23 November 2021 12:24 am
US T-Yields climb, Start Holiday-Shortened Trade
With Biden deciding to reappoint Jerome Powell at Federal Reserve for second term, yields for U.S. government debt were headed higher on Monday to kick off a holiday-shortened week, with the Treasury market closed on Thursday in observance of Thanksgiving Day and due to be cut short Friday.The rise in …
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23 November 2021 12:00 am
New Zealand Dollar Falls Below 70
The New Zealand dollar has extended its losses and t the start of the week. NZD/USD is currently trading at 0.6970, down 0.40%.The deterioration in risk sentiment sent the New dollar sharply lower on Friday, as the currency fell 0.68% and ended the week just below the 70 level, at …
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22 November 2021 11:10 pm
Oil War Continues: OPEC+ To React as Biden Threatens To Tap Reserves
Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or if the coronavirus pandemic dampens demand. This marks the latest development in the market after weeks long tug-of-war game. Brent …
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22 November 2021 10:06 pm
November’s Eurozone Consumer Confidence Deteriorates
Consumer confidence in the Eurozone has dropped in November for the second successive month as rising COVID-19 cases and higher energy prices in addition to surging inflation dented consumers’ moods and continued to worry citizens, as the Euro hit a 21-month low against the sterling.The European Commission said Monday that …
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22 November 2021 9:50 pm
October’s US Existing Home Sales Rise
Existing Home Sales in the U.S. rose 0.8% in October to a seasonally adjusted annualized rate of 6.34 million units, according to data released by the National Association of Realtors. Sales were 5.8% lower than they were in October 2020 and the current figure outpaced the originally projected 6.20 million. …
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22 November 2021 9:39 pm
Wall Street, European Stocks Jump on Powell’s Second Term News
Wall Street shares rose to record levels on Monday and European stocks turned into the positive territory after US President Joe Biden picked Jerome Powell to continue as Chair of the Federal Reserve Bank, in a move welcomed as a signal of stability by global investors.The S&P 500 rose 0.92% …
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22 November 2021 8:42 pm
Chicago Fed: US Economic Growth Revamped in October
The US economy gained momentum in October following slow growth in the last few months, according to an index compiled by the Federal Reserve Bank of Chicago released Monday.The Chicago Fed National Activity Index rose to 0.76 in October from minus 0.18 in September, topping the 0.17 consensus forecast from …
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22 November 2021 8:31 pm
Powell’s Reappointment, No Change of Jockeys in the Middle of Race
Jerome Powell is set to serve a second term as chairman of the Federal Reserve. Under Powell, consumers can expect the central bank to maintain its patient stance regarding inflation and interest rates.Biden praised Powell and the Fed for decisive action that cushioned the impact of the Covid-19 pandemic. In …
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22 November 2021 6:32 pm
US Pres. Biden Nominates Jerome Powell as Fed Chair
White House announced on Monday that Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden. Lael Brainard, who reportedly was the other top candidate for the position, will become the new vice-chair, the press release further revealed.
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22 November 2021 6:28 pm
Market Drivers – European Session 22-11-2021
Stock futures rose in early morning trading Monday ahead of a short week of trading due to the holiday, a historically strong seasonal period on Wall Street. Futures on the Dow Jones Industrial Average rose 101 points. The futures contracts for the S&P 500 and Nasdaq 100 index were also …
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22 November 2021 5:58 pm
US Stock Futures Rise in The Holiday Week
Stock futures rose in early morning trading Monday ahead of a short week of trading due to the holiday, a historically strong seasonal period on Wall Street. Futures on the Dow Jones Industrial Average rose 101 points. The futures contracts for the S&P 500 and Nasdaq 100 were also trading …
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22 November 2021 5:23 pm
Oil Prices Are Under Pressure From Supply And Demand Factors
Oil prices rose on Monday but remained pressured by rising COVID-19 cases in Europe and the possibility of Japan drawing down on its national reserves, raising concerns about oversupply and weak demand. Brent crude and US West Texas Intermediate prices fell more than a dollar in early trading, hitting their …
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