Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 18 November 2021 10:04 pm

  Lira’s Crisis Threatening Economy

  

  The Turkish Lira slides to record low after the country’s central bank cuts rates again. The Turkish lira’s latest drop in value follows a series of rate cuts by the ccentral bank.The Wall Street Journal said that currency crisis is shaking Turkey’s economy, imperiling President Recep Tayyip Erdogan’s nearly two-decade-long …

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• 18 November 2021 9:15 pm

  Lane: Still Expect Eurozone Inflation To Ease Next Year

  

  Eurozone inflation will ease next year and there is no sign that investors or consumers expect runaway prices in the medium term, the European Central Bank’s chief economist said on Thursday.“We’re not seeing expectations de-anchoring to the upside,” Lane told an online event hosted by the U.S. Federal Reserve.“Right now …

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• 18 November 2021 9:02 pm

  November’s Manufacturing Activity Falls

  

  The Tenth District Manufacturing Survey’s Composite Index fell to 24 in November versus 31 in October. The latest index came in at 24, down 7 from last month’s 31, indicating continued expansion in November, but at a slower pace according to Kansas City Fed.The future outlook ticked up to 35. …

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• 18 November 2021 8:20 pm

  268,000 New Jobless Claims Filed Last Week

  

  New weekly jobless claims are slightly higher than expected but still representing a new pandemic-era low, with the weekly rate of those rendered newly out of work coming closer to pre-coronavirus levels. The Labor Department released its jobless claims report Thursday. The main figures from the report refer to initial …

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• 18 November 2021 8:00 pm

  EIA: Natural Gas Supplies Climb

  

  The US EIA has reported a 26-billion-cubic-foot weekly climb in natural-gas supplies. The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 26 billion cubic feet for the week ended Nov. 12. IHS Markit had forecast an increase of 24 billion cubic feet. Total …

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• 18 November 2021 7:54 pm

  Natural Gas Rebounds On EIA Data

  

  Natural gas futures trimmed losses ahead of the latest round of government inventory data early Thursday as strong liquefied natural gas takeaway continue to support prices.Coming off a 36.1-cent sell-off in the previous session, the December delivery Nymex contract was up 17.7 cents to $4.993/MMBtu.Technical momentum and evidence of strong …

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• 18 November 2021 7:34 pm

  LEI Index Spots U.S. Economy Acceleration

  

  The Conference Board Leading Economic Index® (LEI) for the U.S. increased by 0.9 percent in October to 118.3 (2016 = 100), following a 0.1 percent increase in September and a 0.7 percent increase in August. “The U.S. LEI rose sharply in October suggesting the current economic expansion will continue into 2022 and may …

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• 18 November 2021 5:52 pm

  US Stock Futures Rise Supported by Nvidia Profits

  

  US stocks rose after NVIDIA Group, the world’s most valuable chip maker, reported better-than-expected third-quarter results and gave a positive outlook, Dow futures rose 72 points, or 0.2%, and S&P futures rose 500 by 0.3% and Nasdaq 100 futures are up 0.5%, trading was choppy this week with the major …

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• 18 November 2021 4:31 pm

  CBRT Cuts Policy Rate by 100 Basis Points

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 15% as expected. “Decided to cut rates after evaluating areas that monetary policy can impact.”“Positive impact of policy on commercial loans being seen.”“Evaluated temporary impacts …

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• 18 November 2021 3:48 pm

  European Shares Rise, But Oil And Mining Stocks Decline

  

  European shares rose on Thursday after a solid earnings season that triggered a series of unprecedented gains, while a decline in oil and metals prices hurt commodity-related stocks. The pan-European STOXX 600 index rose 0.1 percent by 0824 GMT, with travel and leisure stocks leading the gains. Although the gains …

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• 18 November 2021 2:29 pm

  Currencies Overview: The Dollar is Falling From Its Highest Level in 16 Months

  

  The dollar retreated from its highest level in 16 months on Thursday and lost some of its gains against the euro and the Australian and New Zealand dollars, as investors assessed the latest rally in the US currency and whether it is starting to decline. The dollar rose in the …

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• 18 November 2021 1:24 pm

  Market Drivers – Asian Session 18-11-2021

  

  The Nikkei index closed down 0.3% to 29,598.66 points but trimmed its losses significantly after the Japanese Nikkei newspaper reported that the country’s economic stimulus package would likely include fiscal spending of about 55.7 trillion yen ($488 billion). This exceeds market expectations of 30-40 trillion yen. The broader Topix index …

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• 18 November 2021 12:35 pm

  Japan Shares Trim Losses at The Close

  

  Japanese stocks fell slightly at the close of today’s session, and cyclical companies and oil companies led the decline but trimmed losses after a media report that Prime Minister Fumio Kishida’s stimulus package will be larger than expected. The Nikkei index closed down 0.3% to 29,598.66 points but trimmed its …

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