Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The European euro fell on Monday, approaching its lowest level in 16 months, on the back of growing fears of the repercussions of the new restrictions to besiege Covid-19 in Europe, at a time when Austria began a complete closure, while Germany considers emulating it. Austria began its fourth closure, …
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November, 2021
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22 November 2021 3:45 pm
European Shares Rise Amid Mergers And Acquisitions in The Telecom Sector
European shares rose Monday, November 22nd, boosted by a rally in telecoms stocks, and the European STOXX600 index rose 0.3% to offset Friday’s declines after Austria announced new lockdown measures to combat the COVID-19 pandemic and neighboring Germany hinted it might follow suit. Telecom shares rose 0.9%, supported by shares …
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22 November 2021 3:17 pm
The Turkish lira is Recovering From Unprecedented Declines
The Turkish lira rose to less than 11.2 against the dollar on Monday, November 22, after hitting an unprecedented low late last week, after the central bank cut interest rates again under pressure from President Recep Tayyip Erdogan, and indicated that more monetary easing is coming. The lira was at …
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22 November 2021 2:28 pm
Gold is Back on The Bullish Track Again
Gold fell in Monday morning trading in Asia but settled after hitting its lowest level in nearly two weeks. However, concerns about high numbers of COVID-19 cases in Europe helped limit some losses in gold. While gold futures were down 0.26% at $1,846.80. The dollar, which usually moves in reverse …
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22 November 2021 1:30 pm
Market Drivers – Asian Session 22-11-2021
Gold fell in Monday morning trading in Asia, but settled after hitting its lowest level in nearly two weeks. However, concerns about high numbers of COVID-19 cases in Europe helped limit some losses in gold. While gold futures were down 0.26% at $1,846.80 by 11:17 PM ET. The dollar, which …
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22 November 2021 12:58 pm
Oil Prices Fell to The Lowest Level in Seven Weeks, Why?
Baker Hughes reported, Friday, that the number of active U.S. rigs drilling for oil rose by seven to 461 this week.The new figures followed increases in each of the previous three weeks, including a climb of four oil rigs last week, Baker Hughes data shows.The total active U.S. rig count, …
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21 November 2021 11:45 pm
Weekly Recap 15-19 November
It is becoming more and more obvious that the current historic inflation levels have ignited growing calls to speed taper. The US Federal Reserve is setting the scene for a new debate between hawkish and dovish approaches regarding the stimulus withdrawal, tapering and interest rate hike. Major peers, such as …
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20 November 2021 3:14 am
Market Drivers – US Session – 19-11-2021
Oil prices continued to trade sharply lower on concerns that Europe’s COVID cases increase could lead to lockdown anew and could hurt energy demand.Federal Reserve Board of Governors member Christopher Waller said on Friday that the rapid improvement seen in the labour market and high inflation makes him favour faster …
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20 November 2021 2:54 am
Why Is Wall Street Not That Scared Of Inflation?
`About 65% of Americans now view their economy as poor, according to a poll by The Associated Press-NORC Center for Public Affairs Research. Almost all predictions indicate that inflation will continue to rise over the next months, this applies to fuel, electricity, food costs and every household purchase, but Wall …
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20 November 2021 2:26 am
Traders Eye Benefits Of Apple Car
Traders are busy gambling what suppliers and manufacturers could benefit from Apple’s autonomous car project.Aeva Technologies is up 6.36% and Innoviz Technologies is 4.32% higher. Both stocks also jumped up yesterday when the Apple’s car story found its way to news headlines and the companies were viewed as potential suppliers. …
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20 November 2021 1:15 am
WTI Crude Records Longest Losing
Oil prices fell to a six-week low on Friday amid demand concerns after Austria announced a nationwide lockdown.But for consumers looking for some relief at the pump, the declines are not yielding any immediate lower fuel prices. The national average for a gallon of gas stood around a seven-year high …
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20 November 2021 12:49 am
EUR/USD Sharply Drops On Lockdown News
The EUR/USD pair considerably fell Friday, dropping below the 1.13 level as coronavirus infections in Europe are getting worse every day. Rising inflation combined with a deteriorating pandemic and ultra-dovish ECB policy, in terms of tapering stimulus are among multi factors leading to a lockdown inflation spiral, eventually getting out …
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20 November 2021 12:27 am
Looming Lockdowns Threaten Taper, Sink Eurozone Bonds
The looming return of lockdowns to contain Europe’s latest wave of Covid-19 cases poses risk on economic recovery and postponement of the timetable for the ECB’s wind down of emergency stimulus. Euro zone bond yields dropped on Friday and Germany’s entire yield curve fell into negative territory for the first …
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