Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 26 November 2021 8:56 pm

  WTI Retreats By More Than 11%

  

  WTI crude oil has been under severe selling pressure in recent trade. Oil has settled under $70.00, marking a more than 11% decline on the day, its worst session since last year when future contracts swung deeply into negative territory in April 2020.The oil market’s implosion comes on a day …

  Read More »
• 26 November 2021 8:42 pm

  SA Reacts To European New Variant Comments

  

  European Central Bank Vice President Luis de Guindos said on Friday that the new Covid-19 variant is worrying.“We have to be patient even if markets are volatile, my personal opinion that policy will remain accommodative”, de Guindos added.On the PEPP, he said, it will end in its expected size at …

  Read More »
• 26 November 2021 8:27 pm

  Could New Variant Impact Forex Markets?

  

  Concerning new variant, the latest data from South Africa regarding a recently discovered new Covid-19 variant has caused global health authorities and the scientific community highly concerned. There is a chance that 1) the variant might be more infectious than the Delta variant and 2) might be vaccine-resistant. According to …

  Read More »
• 26 November 2021 8:16 pm

  AUD/USD Continues To Trade Heavily With Consolidation

  

  AUD/USD is consolidating in the mid-0.7100s having nearly hit the 0.7100 level earlier in the session. The pair is on course for steep daily losses amid heightened pandemic fears.A break of 0.7100 could see the pair drop quickly to 0.7000. The pair also tumbled below key support in the form …

  Read More »
• 26 November 2021 7:52 pm

  Lagarde: Inflation to Slow From January

  

  European Central Bank President Christine Lagarde said on Friday that she expects inflation to begin to slow from January.“We will take action if it becomes necessary, she added, before stating that, under the current conditions, she also expects the Eurozone will no longer need net bond purchases under the PEPP …

  Read More »
• 26 November 2021 6:01 pm

  Pfizer: Expects to Develop And Produce New Vaccine in About 100 Days

  

  According to vaccine-maker Pfizer, in case there was a “vaccine-escape” variant, the company expects to be able to develop and produce a new tailor-made vaccine against that variant within about 100 days.

  Read More »
• 26 November 2021 4:40 pm

  Bitcoin Drops About 8% With The Discovery of a New Mutated Strain of Covid-19

  

  Bitcoin tumbled nearly 8% Friday, November 26, after the discovery of a new, potentially vaccine-resistant mutated strain of the coronavirus, prompting investors to dump riskier assets for assets they consider safer such as bonds, the yen, and the dollar. Bitcoin, the largest cryptocurrency, fell as much as 7.8% to $54,377, …

  Read More »
• 26 November 2021 3:26 pm

  The Collapse of US Futures Contracts Ahead of The Opening

  

  The futures contracts of US stock indices recorded a very negative performance before the opening of trading in light of global concerns about the new Coronavirus, which led to strong fluctuations in global financial markets. The futures contracts for the DOW JONES index decreased by 2.20% and settled at the …

  Read More »
• 26 November 2021 2:39 pm

  European Stocks Collapse Sharply in Early Trading

  

  European shares recorded a strong collapse in early trading today, Friday, due to new concerns about the new Coronavirus, which swept the world yesterday, Thursday, after the high rate of infections strongly. During Friday’s trading, the European Eurostoxx index fell by 2.4%. The German DAX 30 index also fell by …

  Read More »
• 26 November 2021 1:32 pm

  Why Gold Prices Have Surged?

  

  Gold rose Friday morning in Asia, poised for its worst week in five months on growing bets. The US Federal Reserve will begin to taper and raise interest rates faster than expected to stem rising inflation. Gold futures rose 0.76% to $1,797.80. The yellow metal fell more than 2.8% during …

  Read More »
• 26 November 2021 12:46 pm

  Oil Drops Below $80 Due to Fears of The New Corona Strain

  

  Brent crude fell by about 4 percent, to less than $ 80 a barrel on Friday, after the discovery of a new strain of the Coronavirus worried investors, which reinforced fears of a ballooning global oversupply in the first quarter of next year after coordinated withdrawals from crude reserves of …

  Read More »
• 26 November 2021 2:02 am

  Market Drivers – US Drivers – 25-11-2021

  

  US markets were closed due to the Thanksgiving holiday. Markets will work shortened hours on Friday, and muted trading is expected to continue. Economic DataANZ-Roy Morgan Consumer Confidence was up 1.4pts to 107.4 on the second weekend of November. Consumer Confidence is below the 2021 weekly average of 108.2. However, …

  Read More »
• 26 November 2021 1:51 am

  ANZ-Roy Morgan Consumer Confidence Rises

  

  ANZ-Roy Morgan Consumer Confidence was up 1.4pts to 107.4 on the second weekend of November. Consumer Confidence is below the 2021 weekly average of 108.2. However, Consumer Confidence is now 2.9 points higher than the same week a year ago, November 21/22, 2020 (104.5).Consumer Confidence this week was up in …

  Read More »