Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 10 November 2021 8:51 pm

  Oil futures trim losses over EIA’s report

  

  The Energy Information Administration reported on Wednesday that U.S. crude inventories rose by 1 million barrels for the week ended Nov. 5.The fresh data matches the average increase expected by analysts polled by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 2.5 million-barrel decline, according to sources. …

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• 10 November 2021 8:00 pm

  U.S. wholesale inventories surged in September

  

  U.S. wholesale inventories increased more than expected initially in September, but automobile stocks declined further amid a global semiconductor shortage, which is undercutting motor vehicle production.The Commerce Department said on Wednesday that wholesale inventories increased 1.4%, instead of 1.1% as estimated last month. Stocks at wholesalers rose 1.3% in August. …

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• 10 November 2021 7:18 pm

  U. S. Inflation spiked in October

  

  Consumer inflation surged in October as fuel costs picked up, supply chains remained under pressure and rents moved higher. NYT said that it is bad news for economic Fed’s policymakers and for the White House, which had been emphasizing a recent slowdown in price gains.Inflation picked up to 0.9 percent …

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• 10 November 2021 6:50 pm

  Market Drivers – European Session 10-11-2021

  

  Markets were waiting for US inflation data, which came in better than expected. Inflation in the US, as measured by the Consumer Price Index (CPI), surged to 6.2% on a yearly basis in October from 5.4% in September, the US Bureau of Labor Statistics reported on Wednesday, surpassing the market …

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• 10 November 2021 6:14 pm

  U.S. Weekly Initial Jobless Claims Decline

  

  According to the latest report from the US Department of Labor (DoL), there were 267,000 initial claims for US unemployment benefits in the week ending on the 6th of November. That was 2,000 more than expected, but down 4,000 from the week prior and, according to the DoL, “is the …

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• 10 November 2021 5:39 pm

  The U.S. Annual CPI Inflation Jumps in October

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), surged to 6.2% on a yearly basis in October from 5.4% in September, the US Bureau of Labor Statistics reported on Wednesday, surpassing the market expectation of 5.3% by a wide margin. The annual Core CPI, which excludes …

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• 10 November 2021 5:31 pm

  Dollar Rises Slightly Ahead of US Inflation Data

  

  The dollar rose slightly against the major currencies on Wednesday after falling in the past three days, as investors are reluctant to take risks ahead of US inflation data that may shed some light on when the Federal Reserve may raise interest rates. Economists polled by Reuters expect CPI data …

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• 10 November 2021 4:06 pm

  Google Was Fined $2.8 Billion

  

  The General Court of the European Union has ruled that the European Commission was right about fining Google for its antitrust breach. The ruling comes after the European Commission, the EU’s executive arm, said in 2017 that Google favored its comparison shopping services and fined the company 2.42 billion euros …

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• 10 November 2021 3:28 pm

  European Shares Rise With on Oil

  

  European shares rose to near all-time highs on Wednesday, as a jump in oil stocks and positive results for companies including chip company Infineon helped offset the impact of inflation concerns. The pan-European STOXX 600 index rose 0.1 percent and energy stocks rose 1.2 percent, after a boost to oil …

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• 10 November 2021 2:34 pm

  Market Drivers – Asian Session 10-11-2021

  

  The Asian session did not witness violent volatility and the markets are now waiting for inflation data from the US. China on Wednesday floated euro-denominated sovereign bonds, raising 4 billion euros ($4.62 billion), three weeks after issuing billions of dollars in dollar-denominated bonds. The Chinese Ministry of Finance said that …

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• 10 November 2021 1:44 pm

  Turkey’s Unemployment Rate Fell in September

  

  Data released on Wednesday showed that Turkey’s unemployment rate fell to 11.5 percent in September from 11.8 percent the previous month, while the seasonally adjusted disguised unemployment rose to 21.9 percent from 21.7 percent. Disguised unemployment rose at the beginning of the year, approaching its peak at the time of …

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• 10 November 2021 12:52 pm

  Oil Rises Due to a Sudden Drop in US Crude Stocks

  

  Oil prices rose on Wednesday, continuing the strong gains recorded in the previous session, after data in the sector revealed that US crude stocks fell unexpectedly last week, with travel demand starting to recover in the short term with the easing of pandemic restrictions. Brent crude futures rose 44 cents, …

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• 10 November 2021 3:29 am

  Market Drivers – U. S. Session – 09-11-2021

  

  Bitcoin’s rally weakened on Tuesday, suggesting that buyers took some profits at around the $68,500 all-time price high. Despite a short-term retreat, upward price targets are expectedfor both BTC and ETH over the next month.There is a positive sentiment that often prevail the crypto markets near every year’s end. Price …

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