Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 22 November 2021 11:10 pm

  Oil War Continues: OPEC+ To React as Biden Threatens To Tap Reserves

  

  Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or if the coronavirus pandemic dampens demand. This marks the latest development in the market after weeks long tug-of-war game. Brent …

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• 22 November 2021 10:06 pm

  November’s Eurozone Consumer Confidence Deteriorates

  

  Consumer confidence in the Eurozone has dropped in November for the second successive month as rising COVID-19 cases and higher energy prices in addition to surging inflation dented consumers’ moods and continued to worry citizens, as the Euro hit a 21-month low against the sterling.The European Commission said Monday that …

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• 22 November 2021 9:50 pm

  October’s US Existing Home Sales Rise

  

  Existing Home Sales in the U.S. rose 0.8% in October to a seasonally adjusted annualized rate of 6.34 million units, according to data released by the National Association of Realtors. Sales were 5.8% lower than they were in October 2020 and the current figure outpaced the originally projected 6.20 million. …

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• 22 November 2021 9:39 pm

  Wall Street, European Stocks Jump on Powell’s Second Term News

  

  Wall Street shares rose to record levels on Monday and European stocks turned into the positive territory after US President Joe Biden picked Jerome Powell to continue as Chair of the Federal Reserve Bank, in a move welcomed as a signal of stability by global investors.The S&P 500 rose 0.92% …

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• 22 November 2021 8:42 pm

  Chicago Fed: US Economic Growth Revamped in October

  

  The US economy gained momentum in October following slow growth in the last few months, according to an index compiled by the Federal Reserve Bank of Chicago released Monday.The Chicago Fed National Activity Index rose to 0.76 in October from minus 0.18 in September, topping the 0.17 consensus forecast from …

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• 22 November 2021 8:31 pm

  Powell’s Reappointment, No Change of Jockeys in the Middle of Race

  

  Jerome Powell is set to serve a second term as chairman of the Federal Reserve. Under Powell, consumers can expect the central bank to maintain its patient stance regarding inflation and interest rates.Biden praised Powell and the Fed for decisive action that cushioned the impact of the Covid-19 pandemic. In …

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• 22 November 2021 6:32 pm

  US Pres. Biden Nominates Jerome Powell as Fed Chair

  

  White House announced on Monday that Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden. Lael Brainard, who reportedly was the other top candidate for the position, will become the new vice-chair, the press release further revealed.

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• 22 November 2021 6:28 pm

  Market Drivers – European Session 22-11-2021

  

  Stock futures rose in early morning trading Monday ahead of a short week of trading due to the holiday, a historically strong seasonal period on Wall Street. Futures on the Dow Jones Industrial Average rose 101 points. The futures contracts for the S&P 500 and Nasdaq 100 index were also …

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• 22 November 2021 5:58 pm

  US Stock Futures Rise in The Holiday Week

  

  Stock futures rose in early morning trading Monday ahead of a short week of trading due to the holiday, a historically strong seasonal period on Wall Street. Futures on the Dow Jones Industrial Average rose 101 points. The futures contracts for the S&P 500 and Nasdaq 100 were also trading …

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• 22 November 2021 5:23 pm

  Oil Prices Are Under Pressure From Supply And Demand Factors

  

  Oil prices rose on Monday but remained pressured by rising COVID-19 cases in Europe and the possibility of Japan drawing down on its national reserves, raising concerns about oversupply and weak demand. Brent crude and US West Texas Intermediate prices fell more than a dollar in early trading, hitting their …

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• 22 November 2021 4:40 pm

  The Euro Fell as The Fourth Closure Began in Austria to Contain Covid-19

  

  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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• 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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