Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 25 November 2021 11:57 pm

  USD Continues Corrective Movement

  

  The US dollar’s current slight retreat comes as a result of a corrective movement in the bearish direction after several sessions of surging trend.The US Dollar Index (DXY) heads into the Thanksgiving holiday on track for a third consecutive strong weekly gain. The US economy’s Q4 is shaping up as …

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• 25 November 2021 11:20 pm

  Turks Switch Savings to US Dollars as Lira Collapses

  

  Turkish companies tap foreign reserves as market access weakens. The Turkish currency was trading around 12 lira to a dollar on Thursday.Turks abandoned their local currency savings for US dollars and other foreign currency deposits over concerns about the country’s faltering economy, propelling the Turkish lira to its worst slide …

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• 25 November 2021 11:05 pm

  Could Brexit Developments Impact The Pound?

  

  GBP/USD has hesitantly bounced from annual lows at 1.3300 ahead of a short market closure for Thanksgiving as markets eye Brexit developments, with French fishermen blockades now expected Friday.While the pair has been under heavy selling pressure recently, it isn’t yet in oversold territory. Ahead of a five-hour market closure …

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• 25 November 2021 10:15 pm

  BoE’s Bailey: Factors Causing Inflation Temporary

  

  Bank of England Governor Andrew Bailey said on Thursday that the supply chain problems causing inflation should be temporary.“The risk is that inflation expectations become embedded and we have a very tight labour market in the UK. Policy guidance is more hazardous to give in times of elevated uncertainty”, he …

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• 25 November 2021 9:58 pm

  November Employment Expected To Increase By 600K

  

  The November US employment report will be released on the first Friday of December. At the moment, analysts at Wells Fargo expect an increase in jobs of around 600.000. Total nonfarm payrolls increased by 531K during October, a gain that was well ahead of expectations. The net revisions to the …

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• 25 November 2021 8:49 pm

  Bundesbank Warns Of Overblown property Prices

  

  Vice president of Bundesbank, Claudia Buch, said that almost 90% of German households expect property prices to keep increasing.Buch added that her team at the Bundesbank has come up with estimates of about 10% to 30% for price deviations from their fundamentals. Germany’s central bank warned Thursday about skewed valuations …

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• 25 November 2021 8:14 pm

  Fed To Kick Off Faster Taper Starting January

  

  The US Federal Reserve will likely double the pace of tapering its monthly bond purchases from January to $30 billion, and wind down its pandemic-era bond buying scheme by mid-March, Goldman Sachs strategists said in a daily note on Thursday.The increased openness to accelerating the taper pace likely reflects both …

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• 25 November 2021 7:12 pm

  ECB Under Pressure To Unlock Bonds

  

  The European Central Bank is under growing pressure from bankers to lend more of its stash of German government bonds to avert a market squeeze that would undo some of its own stimulus efforts.As the safest debt in the region, Germany’s sovereign bonds are the lifeblood of European financial markets …

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• 25 November 2021 3:34 pm

  Oil Prices Vary as Markets Await “OPEC” Decisions

  

  Oil prices varied during trading today, Thursday, in the Asian trading session, as investors awaited the reaction of “OPEC” to the release of crude oil from emergency reserves by major consuming countries to calm the market. Brent crude futures rose 0.07% to $82.31 a barrel, while West Texas Intermediate crude …

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• 25 November 2021 2:36 pm

  European Shares Rise With The Recovery of The Technology

  

  European shares rose on Thursday, as a rebound in hard-hit technology shares and a rise in French liquor maker Rémy Cointreau allayed concerns about a surge in coronavirus infections across the continent. The pan-European Stoxx 600 index rose 0.4 percent by 0809 GMT, recovering from a three-week low hit on …

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• 25 November 2021 1:51 pm

  Market Drivers – Asian Session 25-11-2021

  

  There were no fresh moves for the majors during the Asian session. Fresh headlines are crossing the wires from the UAE official, via Reuters, citing that it is fully committed to OPEC and its allies (OPEC+) agreement. Gold futures rose 0.47% to $1,792.75, after falling to their lowest level since …

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• 25 November 2021 12:54 pm

  UAE: Fully Committed to OPEC+ Deal

  

  Fresh headlines are crossing the wires from the UAE official, via Reuters, citing that it is fully committed to OPEC and its allies (OPEC+) agreement. The UAE said that it has no “prior stance” ahead of the upcoming OPEC+ meeting. The UAE Energy Minister, Suhail Al Mazrouei, said last Tuesday …

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• 25 November 2021 11:36 am

  Gold Rises With The Decline of The Dollar

  

  Gold prices rose on Thursday as the dollar weakened, but hawkish comments from US Federal Reserve policymakers limited the metal’s allure and kept it well below the important $1,800 level. Spot gold rose 0.2 percent to $1,791.76 an ounce by 0501 GMT, after falling to its lowest level since November …

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