Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 24 November 2021 12:15 am

  BoC Raises Concerns Over Inflation

  

  Canadians high household debt levels are becoming a persistent concern despite the massive fiscal support offered by the federal government during the COVID-19 pandemic according to statements by a senior Bank of Canada official, Tuesday.Deputy Governor Paul Beaudry said the prevalence of highly indebted households, which are defined as those …

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• 24 November 2021 12:00 am

  EUR/USD Opens Risk To 1.1000, FOMC Minutes Eyed

  

  On Tuesday, the EUR/USD pair is slightly up by 0.14% after moving from a 1.1226 low and reaching as high as 1.1275. However, not much more can be expected on a day where markets are subdued ahead of the Thanksgiving Day holiday Thursday in the US and key data Wednesday. …

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• 23 November 2021 11:16 pm

  U.K. Flash PMI Reflects Sustained Robust Output And Jobs Growth

  

  Output growth across manufacturing and services measured by the PMI surveys came in slightly faster than expected in November.Solid service sector growth that far exceeded the pre-pandemic long-run average contrasted with only modest production growth in the manufacturing sector.Employment rose for the ninth successive month in November, according to the …

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• 23 November 2021 10:58 pm

  Treasury Yields Higher As Fed Expected To Act On Inflation

  

  US Treasury yields edged higher in uneven trading in a holiday-shortened week on Tuesday as investors prepared for the Federal Reserve to become more aggressive in fighting inflation after Biden nominated its chair Jerome Powell for a second term. The yield on 10-year Treasury notes was up 3.1 basis points …

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