Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 9 November 2021 7:25 pm

  Fed’s Chair Considers Benefits of Max Employment

  

  The U.S. Federal Reserve looks at a wide range of indicators trying to extract as much observations as possible on how close the economy is to reach full employment. Federal Reserve Chair Jerome Powell said Tuesday that the central bank will look beyond headline numbers to determine when it has …

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• 9 November 2021 6:42 pm

  Market Drivers – European Session 09-11-2021

  

  The most prominent event during the European session was the jump of cryptocurrencies. Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of 1.3 trillion dollars, while …

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• 9 November 2021 6:37 pm

  US: Annual PPI Remained at 8.6% in October

  

  The year-on-year rate of Producer Price Inflation came in at 8.6% in October, unchanged from the month prior and slightly below expectations for 8.7%, according to a report by the US Bureau of Labour Statistics. the Month-on-Monthrate of PPI rose to 0.6% in October, versus expectations for 0.5% and higher …

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• 9 November 2021 5:40 pm

  Bitcoin Hits New All-Time High

  

  The largest digital currency, Bitcoin, managed to set a new record, surpassing the October peak beyond $68,000 Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of …

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• 9 November 2021 5:05 pm

  US Bond Yields Fall

  

  US Treasury yields fell on Tuesday morning, ahead of inflation data, as the benchmark 10-year Treasury yield fell by less than a basis point to 1.488%, and the yield on 30-year Treasuries shed less than a basis point, falling to 1.8836%, Returns move inversely with prices and one basis point …

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• 9 November 2021 3:47 pm

  Gold Settles Near a Two-Month Top, Attention Turns to US Inflation Data

  

  Gold prices hovered near two-month highs on Tuesday, supported by weaker dollar and US Treasury yields, as investors awaited US inflation data in an attempt to speculate on the Federal Reserve’s next move on interest rates. The price of gold did not witness little change in transactions, and it recorded …

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• 9 November 2021 3:00 pm

  A Slight Decline in Oil Prices After Two Consecutive Days of Gains

  

  Oil prices fell, in trading today, Tuesday, after two consecutive sessions of gains supported by the American infrastructure bill, Chinese exports, the global recovery after the pandemic, and the raising of expectations for fuel demand. Brent crude was down 10 cents at $83.33 a barrel, after rising 0.8% on Monday, …

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• 9 November 2021 2:23 pm

  German ZEW Economic Sentiment Index Jumps in November

  

  The German ZEW headline numbers for November showed that the Economic Sentiment Index unexpectedly improved to 31.7 from 22.3 previous while beating estimates of 19.0. The Current Conditions sub-index dropped to 12.5 in November as against 21.6 recorded in the previous month and 18.0 expectations.

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• 9 November 2021 2:05 pm

  German Exports Declined For The Second Month in a Row in September

  

  Germany’s exports fell for a second straight month in September, while imports nearly stagnated, the statistics office said on Tuesday, in a new sign that supply chain disruptions are undermining the recovery of Europe’s largest economy. Seasonally adjusted exports fell 0.7% during the month to 112.3 billion euros ($129.75 billion), …

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• 9 November 2021 1:34 pm

  Market Drivers – Asian Session 09-11-2021

  

  The Asian session on Tuesday was quiet, with Asian stocks looking for a clear direction. The Nikkei index closed down 0.75 percent to 29,285.46 points, after rising 0.82 percent earlier in the session. The broader Topix index fell 0.81 percent to 2018.77 points. Many technology-related stocks shone, led by SoftBank …

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• 9 November 2021 12:58 pm

  The Rise of The Yen Brings Japanese Nikkei Down

  

  The Nikkei index retreated from mid-session gains, to close lower on Tuesday, November 9, pressured by the rise in the yen and some disappointing business results, but the rise of technology shares led by Softbank Group limited losses. The Nikkei index closed down 0.75% to 29285.46 points, after rising 0.82% …

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• 9 November 2021 3:37 am

  Market Drivers – U. S. Session – 08-11-2021

  

  Weaker USD profile prevailed all through the U. S. trading session on Monday. The GBP/USD pair has jumped to 1.3530-35 by weaker USD and EUR/USD was another pair that similarly benefited from the same reason, while Treasury yields continued surging and Gold touched fresh highs. Inflation is still impacting monetary …

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• 9 November 2021 3:08 am

  Why Bitcoin Jumped on Monday

  

  Bitcoin has been climbing since early Saturday morning. Truth to say regulation and taxation are on the way with steady steps, but that may be also good news, not only for Bitcoin, but also for , Ethereum, and Dogecoin as well.The value of cryptocurrencies jumped over the weekend and the …

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