Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 30 November 2021 10:43 pm

  GBP/USD Crashes After Powell’s Comments

  

  The sterling fell to a one-year low versus the US dollar Tuesday due to the sentiment of divergence between the Federal Reserve and the Bank of England following hawkish comments from Fed’s chairman Jerome Powell. GBP/USD is trading at 1.3250 and down around 0.5% on the day so far, falling …

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• 30 November 2021 10:15 pm

  BofA: Metaverse Avails Massive Crypto Opportunities

  

  The metaverse is a massive opportunity for the crypto space, according to a Bank of America strategist; Haim Israel who predicted that cryptocurrencies will finally be used widely for transactions in virtual worlds.He said crypto-based platforms will need developing, creating “a big opportunity for this entire ecosystem.”The metaverse is a …

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• 30 November 2021 9:53 pm

  Will Premier League Speak Crypto?

  

  The English Premier League considers a partnership with a cryptocurrency platform that provides non-fungible tokens (NFT).Minutes of the most recent meeting between the Premier League and fan representatives reveal the league is considering getting involved in NFTs, with sources saying the League’s approach will be “slow and cautious,” and different …

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• 30 November 2021 9:16 pm

  US Shares Fall Over Faster Taper Announcement

  

  Stocks on Wall Street fell in early trading Tuesday, driven lower by the growing possibility the Fed may remove its supports for the economy.Fed Chair, Jerome Powell, told a Senate committee on Tuesday that inflation was likely to persist into 2022 and that the Fed would consider tapering more quickly …

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• 30 November 2021 8:51 pm

  EUR/USD Falls On Powell’s Comments

  

  The EUR/USD fell during the New York session, on Federal Reserve Chairman Jerome Powell’s remarks in a testimony before the Senate Committee on Banking and Housing.At the beginning of the Q&A session, the EUR/USD pair was trading around the 1.1370s but plummeted to 1,1240s on remarks of Jerome Powell.Jerome Powell …

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• 30 November 2021 8:41 pm

  US Dollar Surges On Powell’s Comments, Faster Taper

  

  The US dollar surged on Tuesday following comments by Fed Chair Jerome Powell, who indicated it would be appropriate to consider wrapping up the bank’s QE taper sooner. Speaking before the Committee on Banking, Housing, and Urban Affairs of the US Senate alongside US Treasury Secretary Janet Yellen, Powell added …

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• 30 November 2021 8:03 pm

  Powell, Yellen Testify Before Senate

  

  Everybody’s baseline forecast will now be for the Fed to accelerate the tapering of its bond purchases at the Dec. 15 meeting.Economics late yesterday predicted that the Fed would double the pace of acceleration, to $30 billion a month starting in January. That would wrap up the Fed’s QE by …

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• 30 November 2021 7:26 pm

  Hungary Central Bank Raises Rates For Fourth Time In Two Weeks

  

  Hungary’s central bank unexpectedly raised interest rates for the fourth time in just two weeks on Tuesday amid a surge in inflation that has put increased pressure on the forint and its bond market.The National Bank of Hungary was the first European Union central bank to start raising interest rates …

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• 30 November 2021 6:23 pm

  Market Drivers – European Session 30-11-2021

  

  The entire market was focused on Coronavirus mutant headlines statements of Moderna. The World Health Organization has warned of a very high risk of infection from Omicron, as some countries have already tightened border controls. However, US President Joe Biden said the US would not restore lockdowns, giving investors’ confidence …

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• 30 November 2021 5:35 pm

  The Turkish Economy Grew 7.4% in The Q3 of 2021

  

  Official data showed that the Turkish economy grew by 7.4% on an annual basis in the third quarter of 2021, in line with expectations of higher demand for retail sales, industrial production, and exports. The data of the Turkish Statistical Institute showed GDP growth of 2.7% compared to the previous …

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• 30 November 2021 3:52 pm

  Eurozone Preliminary CPI Unexpectedly Jumps in November

  

  The annualized Eurozone Consumer Price Index (CPI) jumps by 4.9% in November, surprising markets to the upside while higher from the previous rise of 4.1%, the latest data published by Eurostat showed on Tuesday. The consensus forecast was for a drop to 3.7%. The core figures arrived at 2.6% YoY …

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• 30 November 2021 3:10 pm

  The Dollar is Falling And The Yen is Jumping After Moderna’s Statements

  

  The dollar fell against other major currencies on Tuesday, and the yen rose to near its highest levels in more than two weeks after the CEO of Moderna Pharmaceuticals told the Financial Times that current vaccines against Covid-19 are likely to be less effective against the new mutant Omicron. Markets …

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• 30 November 2021 2:01 pm

  Market Drivers – Asian Session 30-11-2021

  

  Japanese shares closed lower for a third straight session on Tuesday after the CEO of Moderna Pharmaceuticals told the Financial Times that current COVID-19 vaccines are likely to be much less effective against the new mutant Omicron than previous mutated strains. Japan’s Nikkei index fell 1.63 percent to 27,821.76 points, …

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