Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 25 November 2021 1:55 am

  Bitcoin, Ether Expect Higher Volatility

  

  Cryptocurrencies were generally lower on Wednesday as bitcoin traded in a tight range around $56,000. Technical indicators suggest limited downtrend around the $53,000 support level, which could keep buyers active toward $60,000 resistance.Trading volume is expected to retreat over the next few days, particularly on the U.S. Thanksgiving holiday Thursday. …

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• 25 November 2021 1:30 am

  US Shares Mixed, Wider Market Reacts After Fed Minutes

  

  Wall Street shares reversed earlier losses in choppy trading on Wednesday and U.S. Treasury yields hovered near highs for the year after data suggested the U.S. job market and consumer spending continued to improve.Oil prices were largely steady as investors questioned the effectiveness of a U.S.-led release of oil from …

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• 24 November 2021 11:40 pm

  EIA: US Weekly Crude Oil Stockpiles Rise

  

  U.S. crude oil stocks rose last week but gasoline and distillate stocks fell even as refining activity increased on strong overall fuel demand, the Energy Information Administration said on Wednesday.Crude inventories rose by 1 million barrels in the week to Nov. 19, compared with analysts’ expectations for a decrease of …

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• 24 November 2021 11:28 pm

  FOMC Minutes: Fed should be prepared to accelerate QE taper, rate hikes

  

  The minutes of the 3 November FOMC meeting, released on Wednesday, said that various participants noted that the Fed should be prepared to adjust the pace of the QE taper and raise rates sooner than currently anticipated should inflation continue to run hot. Additional takeaways: “Some participants suggested that reducing …

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• 24 November 2021 10:47 pm

  US Shares Weakened As Investors Await FOMC Minutes

  

  As investors and traders are awaiting the FOMC minutes, the S&P 500 edged down 0.2%, while the Dow Jones Industrial Average weakened 0.3%, or about 110 points. The Nasdaq Composite Index fell 0.2%. That puts the technology-heavy index on pace to decline for a third successive day amid a rise …

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• 24 November 2021 10:19 pm

  US Natural Gas rises on Cooler Weather Forecast

  

  US natural gas futures rose over 2% to a one-week high on Wednesday on forecasts for slightly cooler weather and higher heating demand over the next two weeks than previously expected.That increase came even though near record output caused last week’s storage withdrawal to be smaller-than-usual, as expected.The US Energy …

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• 24 November 2021 10:03 pm

  AUD/USD Looking Vulnerable around FOMC Minutes

  

  AUD/USD is on the verge of a downside continuation towards daily lows while the Dollar Index (DXY) has headed for a test of 97 the figure again, rallying to a high 96.937FOMC minutes are coming up and could be the final catalyst of the current week. The US data dump …

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• 24 November 2021 9:04 pm

  ECB’s Weidmann: Upside Risks Dominate in Germany and Eurozone

  

  European Central Bank governing council member and Bundesbank head Jens Weidmann said on Wednesday that upside risks to inflation dominate in both Germany and the rest of the Eurozone. The flexibility of the PEPP should not be transferred to any other bond-buying programme, Weidmann continued, adding that the ECB should …

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• 24 November 2021 8:55 pm

  Gold Lower Ahead of US Data, FOMC Minutes

  

  The latest FOMC monetary policy meeting minutes, Wednesday, are expected to drive the USD demand and provide a fresh motivation to gold prices. Gold failed to maintain its intraday gains and turned lower for the fifth straight session as the stronger USD acted as a hindrance for the precious metal. …

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• 24 November 2021 8:32 pm

  US Consumer Sentiment Slides in November

  

  Consumer sentiment in the United States stayed at decade-low levels in November as spiking inflation soured households’ views on both their own finances and the economy nationwide according to a survey conducted by the University of Michigan released Wednesday. The final reading of the index of consumer sentiment came in …

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• 24 November 2021 8:18 pm

  US Consumer Spending Consolidates Despite Spiking Inflation

  

  US consumer spending powered ahead in October although the economy was confronted by the biggest and fastest inflation wave in 31 years, setting up the economy for a year-end growth spurt.Purchases of goods and services, unadjusted for changes in prices, increased 1.3%, the most since March, following a 0.6% gain …

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• 24 November 2021 8:04 pm

  Credit Suisse: US T-Yields To Climb above 2% into 2022

  

  The US 10-year yield has continued higher this week and is now very close to key support at 1.685/705%. A major base looks increasingly imminent. Economists at Credit Suisse look for a move above 2% into 2022.US 10-year Bond Yields are back pressuring key long-term support at 1.685/705% after medium …

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• 24 November 2021 7:53 pm

  US Economic Growth Rises In Q3

  

  The U.S. economy expanded at an annual 2.1% pace in Q3 instead of 2.0% according to revised government data. Economists were expecting a reading of 2.2%, according to a Wall Street Journal poll. Consumer spending and private inventory investment mostly accounted for the upward revision, the Commerce Department said Wednesday. …

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