Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Japanese stocks fell at the end of the last sessions of the week, affected by doubts about the expectations of local companies, while technology shares recorded gains, tracking the rise of the Nasdaq index, which limited losses. The Nikkei index lost 0.61% to close at 29611.57 points, after rising 0.15% …
Read More »Market Analysis
November, 2021
-
5 November 2021 5:01 am
Investors Await RBA’s Monetary Policy Statement
Any changes in the RBA’s monetary policy statement report is expected to affect the AUD volatility. If the RBA statement shows a hawkish trend, that is seen as positive for the AUD, while a dovish outlook is seen as negative.The Reserve Bank of Australia’s monetary policy statement will be released …
Read More » -
5 November 2021 4:42 am
Market Drivers – U. S. Session – 04-11-2021
Inflation is still the one issue that irritates fiscal policymakers and the officials of the central banks across the Atlantic.On Thursday’s session, the U. S. dollar was the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals. On the other …
Read More » -
5 November 2021 4:37 am
Bitcoin demand slowed in Q3 but surged in October
Square Inc. reported, Thursday, lower-than-expected revenue for Q3 as less volatile pricing for bitcoin has a significant impact on demand, though the company’s chief financial officer noted “strength” in volume during October.The company posted a break-even Q3, after earning $37 million, or 7 cents a share, in the year-earlier quarter. …
Read More » -
5 November 2021 3:07 am
U. S. Dollar returns with retribution
On Thursday’s session, the U. S. dollar is the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals.On the other hand, safe-haven assets edged higher against the USD, although without breaking any critical level.The Bank of England had a monetary …
Read More » -
5 November 2021 1:27 am
Bank shares severely beaten as Treasury yields fall
Financial shares were suffering a broad beating Thursday, as Treasury yields sank in the wake of the Federal Reserve’s detailing of its tapering plans. As the Bank of England held off on an expected rate hike, the SPDR Financial Select Sector ETF dropped 2.0% with 61 of 65 equity components …
Read More » -
5 November 2021 1:09 am
Nasdaq Extends Gains, as Treasury Yields Fall
As traders are still betting on the pace of tightening by the Federal Reserve, stocks climbed to another record and bond yields retreated.Technology and retail shares drove gains in the S&P 500, while the Nasdaq 100 extended its rally into a ninth straight day; the longest winning line of successive …
Read More » -
5 November 2021 12:54 am
Gold stuck in a difficult day between $1,750-$1,800
The gold market is stuck in a hard day, with prices trading in a narrow range between $1,750-$1,800 an ounce.There is no driver strong enough to push gold below $1,750 an ounce or above $1,800 an ounce, there’s certainly an apprehension to sell gold after Jerome Powell’s statements to the …
Read More » -
5 November 2021 12:33 am
CAD at mercy of oil price fluctuations
USD/CAD is currently trading at highs of the day slightly tend to uptrend to 1.2450 per barrel mark, sharply up from Asia Pacific session lows around the 1.2400 level, the pair is trading as a function of oil prices more than anything else. Crude oil prices have reversed sharply from …
Read More » -
4 November 2021 10:10 pm
Powell and Lagarde to markets: Hold your rate horses
All expectations that tightening signals by BoC and RBA would push the world’s biggest monetary policy actors to accelerate their own timelines for rate hikes ran into a wall with the U. S. Federal Reserve and European Central Bank saying they would not hike interest rates so fast.Rate futures and …
Read More » -
4 November 2021 9:40 pm
GBP Hammered After BoE’s Statement
The British pound was hit rather hard during the course of the trading session on Thursday as the Bank of England has decided not to raise interest rates. Although the market had been trying to price in some type of hike, the question now is whether or not 1.35 can …
Read More » -
4 November 2021 8:52 pm
Labour shortage Threatens U. S. economic recovery
After enhanced unemployment benefits expired and schools re-opened, workers were expected to go back to work and the U. S. labor shortage was also expected to ease significantly by September. But recent data suggest that the shortage is getting more severe.Though the risk of a severe shortage continuing into 2022 …
Read More » -
4 November 2021 8:20 pm
Domestic Demand Boosts U. S. Imports
Solid domestic demand in the U. S. has caused import growth to outpace exports for the most of the past year, according to Wells Fargo.Analysts pointed out that with consumption slowly rebalancing back toward services spending, imports should eventually slow and provide some relief at U. S. largest ports. Industrial …
Read More »