Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 23 November 2021 1:09 pm

  Oil is Falling Amid Talk of Releasing Quantities of Strategic Reserves

  

  Oil prices fell on Tuesday after rising in the previous session, as a result of talk that the United States, Japan, and India will release crude oil reserves to bring prices down, despite the risk of faltering demand due to the spread of coronavirus cases in Europe. A source familiar …

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• 23 November 2021 4:43 am

  Market Drivers – US Session- 22-11-2021

  

  Finally, oil prices are rebounding from recent losses, on the back of 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 …

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• 23 November 2021 4:08 am

  Yellen: Not Worried About A 1970s Inflation Replay

  

  “Price pressures to subside as life normalizes in 2022,” US Treasury Secretary Janet Yellen said while crossing wires during late Monday night. The policymaker expected, “Monthly CPI around 0.2% to 0.3% in H2 of 2022.” Earlier, US Treasury Secretary Yellen spoke during a CNBC interview while saying, “Inflation has reached …

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• 23 November 2021 4:04 am

  Bostic: Fed Should Consider How Fast To Taper

  

  Atlanta Fed’s Raphael Bostic said on Monday night interview on Bloomberg TV that faster taper would give the US more optionality, but “we still have a COVID economy, he added.Given the mixed comments and Wall Street’s latest mild reaction, as S&P 500 Futures printed 0.14% intraday gains following the comments …

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• 23 November 2021 3:53 am

  Wonderful Week With Good News for US Dollar

  

  The US dollar soared against all major currencies after President Biden officially re-nominated Jerome Powell as Fed Chair and Lael Brainard will become Vice Chairman when Richard Clarida’s term ends in January. Greenlight for Policy Normalization When it comes to heads of central banks, investors generally prefer continuity which explains …

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• 23 November 2021 2:55 am

  Afternoon Slump Leaves Major US Indexes Lower

  

  An uneven trading session on Wall Street closed with stocks mostly lower Monday, as a late afternoon burst of selling derailed the market from a fresh all-time high.The S&P 500 fell 0.3% after having been up as much as 1% earlier in the day and on pace to eclipse the …

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• 23 November 2021 2:03 am

  Gold Retreats on Powell’s Reappointment News

  

  Gold prices have put in an aggressively retreating move Monday, seemingly driving on the news that Fed Chair Jerome Powell has been reappointed for a second term.While few would consider Chair Powell as a hawk, the fact that this move has printed so cleanly off of that headline indicates that …

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• 23 November 2021 1:48 am

  EUR/GBP Volatility To Hike Ahead Fresh PMIs Data

  

  EUR/GBP has been rangebound on Monday within 0.8380-0.8400ish parameters with market attention predominantly elsewhere.The market is expected to heat up starting Tuesday with the release of fresh figures by UK and Eurozone PMIs.the Forex market’s focus has been on USD crosses on Monday, amid a broad strengthening of the dollar …

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• 23 November 2021 1:18 am

  Bitcoin Miners Flock to Texas

  

  Everything is bigger in Texas. Problems with its electric grid and energy demand for bitcoin is no exception. A new analysis shows that the electric grid is just as vulnerable to crises and blackouts as it was before February’s blackouts just as the state is gearing up to turn into …

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• 23 November 2021 12:24 am

  US T-Yields climb, Start Holiday-Shortened Trade

  

  With Biden deciding to reappoint Jerome Powell at Federal Reserve for second term, yields for U.S. government debt were headed higher on Monday to kick off a holiday-shortened week, with the Treasury market closed on Thursday in observance of Thanksgiving Day and due to be cut short Friday.The rise in …

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• 23 November 2021 12:00 am

  New Zealand Dollar Falls Below 70

  

  The New Zealand dollar has extended its losses and t the start of the week. NZD/USD is currently trading at 0.6970, down 0.40%.The deterioration in risk sentiment sent the New dollar sharply lower on Friday, as the currency fell 0.68% and ended the week just below the 70 level, at …

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• 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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