Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 24 November 2021 7:21 pm

  US New Home Sales Rise in October

  

  Following a 7.1% (downwardly revised from 14.0%) surge in sales in September, New Home Sales in the United States rose by a modest 0.4% in October according to data released by the US Commerce Department showed on Wednesday. The fresh data indicates rise for the second successive month to the …

  Read More »
• 24 November 2021 6:12 pm

  US: Durable Goods Orders Fall by 0.5% in October

  

  According to the latest release by the US Census Bureau, US Durable Goods Orders fell by 0.5% MoM in October compared to market expectations for a small 0.2% rise in sales. That marked an acceleration of the 0.4% contraction in orders recorded in September. Excluding transportation, orders rose at a …

  Read More »
• 24 November 2021 5:59 pm

  US: Weekly Initial Jobless Claims Decline to 199K

  

  There were 199,000 initial claims for unemployment benefits in the US during the week ending November 20, the data published by the US Department of Labor (DOL) revealed on Wednesday. This reading followed the previous print of 270,000 (revised from 268,000) and came in better than the market expectation of …

  Read More »
• 24 November 2021 4:23 pm

  Oil Rises, Affected by Investors’ Doubts

  

  Oil prices rose on Wednesday, extending gains from the previous day as investors remained skeptical about the effectiveness of a US-led move to draw down strategic oil reserves and shifted their focus to the next step for oil producers. Brent crude futures rose 13 cents, or 0.2 percent, to $ …

  Read More »
• 24 November 2021 3:19 pm

  The Turkish Lira is falling 3%

  

  The Turkish lira fell back to a new record low on Wednesday amid fears of high inflation and other economic repercussions, after it plunged 15 percent the previous day after President Recep Tayyip Erdogan defended recent interest rate cuts. The lira fell to 13.1500 against the dollar, before falling to …

  Read More »
• 24 November 2021 2:36 pm

  Gold Hovers Around $1800 as The Dollar Continues to Strengthen

  

  Gold prices rose marginally on Wednesday, despite the strength of the US dollar and speculation that the Federal Reserve will raise interest rates soon, keeping the metal below $1800. Spot gold rose 0.3% to $1,794.96 an ounce by 02:39 GMT, after losing 1.4% on Tuesday to its lowest since November …

  Read More »
• 24 November 2021 1:46 pm

  Market Drivers – Asian Session 24-11-2021

  

  Japan’s Nikkei index fell at the end of trading on Wednesday, after shares of companies that are expected to achieve high growth suffered losses amid investors’ fears that the Federal Reserve may accelerate policy tightening to counter the rising inflation risks. The Nikkei index closed down 1.58 percent at 2,9302.66 …

  Read More »
• 24 November 2021 1:10 pm

  Nikkei Closes Lower on Investors Fear

  

  Japan’s Nikkei index fell at the end of trading on Wednesday, after shares of companies that are expected to achieve high growth suffered losses amid investors’ fears that the Federal Reserve may accelerate policy tightening to counter the rising inflation risks. On Monday, US President Joe Biden re-nominated Jerome Powell …

  Read More »
• 24 November 2021 3:20 am

  Market Drivers – US Session – 23-11-2021

  

  Wall Street major indices edged lower with the exception of Dow Jones Industrial that was the main winner of Tuesday’s US session. Higher US Treasury yields have impacted heavy-tech company earnings, spurring a selloff of tech stocks. Sector-wise, the main winners are energy, financials, and real-estate, rising 3.06%, 1.24%, and …

  Read More »
• 24 November 2021 2:55 am

  Canadian Dollar Surges on Oil Prices

  

  The Canadian dollar benefited from the rise in global oil prices, despite the Biden administration’s announcement to release 50 million barrels of US strategic oil reserves in an attempt to tame the sharp rises in fuel prices in the United States.The Canadian dollar rose, pushing the USD/CAD pair down, to …

  Read More »
• 24 November 2021 2:37 am

  Wall Street Indices Edge lower

  

  The Dow Jones Industrial is the main winner of Tuesday’s US session. Higher US Treasury yields have impacted heavy-tech company earnings, spurring a selloff of tech stocks. During the New York session, major US equity indices edged lower as Wall Street approaches the close. The S&P 500 loses 0.35%, sitting …

  Read More »
• 24 November 2021 2:23 am

  Oil Prices Surge Despite Tapping US SPR

  

  Oil futures rose sharply Tuesday after the Biden administration announced a coordinated, US-led effort by energy consuming countries to release strategic crude reserves.The coordinated move had been well-telegraphed. News reports speculating on potential releases from the Strategic Petroleum Reserve and talk of a coordinated effort, lately joined by India, and …

  Read More »
• 24 November 2021 1:21 am

  The US Dollar Witnesses A Real Rally

  

  The US dollar extended its gains, reaching fresh 2021 highs vs the EUR and the GBP. EUR/USD bottomed for the day at 1.1225, while GBP/USD fell to 1.3341. The sour tone of global indexes and higher government bond yields fueled demand for the safe-haven dollar.Bank of England governor Andrew Bailey …

  Read More »