Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 18 November 2021 11:24 am

  Oil is Falling on US-China

  

  The benchmark Brent crude fell during those moments of trading today, Thursday, below the levels of 80 dollars, as it is trading at levels of 79.8 dollars, down 0.6 dollars. The benchmark Brent crude has fluctuated between levels of $80.15 as a top and $79.6 as a bottom since trading …

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• 18 November 2021 4:28 am

  Market Drivers – US Session – 17-11-2021

  

  US shares, treasury yields and the US dollar reversed direction and closed lower, Wednesday. The three assets were negatively several by several factors in the markets, most notably the decision by Amazon.com to stop accepting payments with Visa cards in the UK as of 2022 in addition to negative data …

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• 18 November 2021 3:49 am

  T-Yields Push Gold Higher Nearest $1,900

  

  Gold has ended Wednesday’s US trading session with the highest daily gains in a week. Gold price has edged around $1,867.Gold got the opportunity to cheer US Treasury yields’ heavy pullback that impacted the US Dollar Index (DXY) amid the absence of major catalysts and ongoing inflation.Gold is buyers’ favourite …

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• 18 November 2021 2:16 am

  Treasury Yields Fall, Tepid Demand for 20-year auction

  

  US Treasuries rallied on Wednesday as the recent backup in yields reached levels that drew buyers back to the securities.10-year yields US10YT=RR reached 1.65%, the highest since Oct. 26, before reversing and falling back to 1.61%. They have increased from a low of 1.42% last week, before data showed that …

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• 18 November 2021 1:58 am

  Washington Asks Big Countries To Coordinate Oil Reserve Releases

  

  Biden’s administration asked some of the world’s largest oil consuming countries to consider releasing a portion of their crude reserves in a coordinated effort to lower prices and stimulate the economic recovery.Reuters has quoted anonymous sources to convey the news late on Wednesday night. It is noteworthy that WTI crude …

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• 18 November 2021 1:40 am

  AUD/USD Sinks To Fresh Lows

  

  AUD/USD has sunk to fresh lows to meet daily 0.7260s, sliding from a 0.7305 high hit by storm this week when the stronger US dollar coupled with a dovish RBA as hawkish expectations as well as pressures on the US Fed agitated. UK and US equities were softer as well. …

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• 18 November 2021 1:27 am

  GBP/USD Posts Fresh Highs on BoE expectations

  

  At 1.3490, the GBP/USD pair is trading near to the highs of Wednesday’s US session. This move signals the pair’s ability to depart a 1.3396 a low to start climbing to a one-week high after data showed UK inflation surged to a 10-year high last month.The pound is significantly firmer …

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• 18 November 2021 12:23 am

  EIA: US Crude Stockpiles Fall

  

  US crude stocks fell unexpectedly last week as refineries, enjoying strong margins due to higher fuel prices, ramped up output ahead of the winter heating season, the Energy Information Administration said on Wednesday.Crude inventories dropped by 2.101 million barrels last week, compared with analysts’ expectations for a build of 1.398 …

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• 18 November 2021 12:19 am

  USD/CAD Records Fresh Highs

  

  USD/CAD practically touched fresh highs at 1.2610 on Wednesday. The pair could slightly eclipse last week’s 1.2604 high and has since dropped back from session extremes a little.Crude oil markets have encountered pressure in recent hours, with WTI and Brent both now down by more than $2.0 during US session …

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• 17 November 2021 11:19 pm

  Bitcoin Fluctuates As Traders Decelerate Speculation

  

  Bitcoin fluctuated around a key inflection point of $60,000 on Wednesday as traders appeared to rein in excessive speculation that is sent the world’s largest cryptocurrency to a record last week.Bitcoin has dropped roughly 13% from its all-time high of $68,990, recorded on Nov. 10, dipping below $60,000 on Wednesday.The …

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• 17 November 2021 10:47 pm

  Visa Inc. Drags Card Industry Shares Lower

  

  About $25 billion in value erased from Visa’s market cap. Other cards stocks including Mastercard and Amex have declined. Not only did Visa Inc. severely drop on Wednesday, but also dragged down industry peers such as Mastercard Inc., after Amazon had announced it will stop accepting purchases made with the …

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• 17 November 2021 10:30 pm

  Fed’s Williams: Treasury Market Need Support for Next Big Shock

  

  The New York Federal Reserve took unprecedented action to stabilize the Treasury market after it was disrupted at the start of the pandemic.Offering a stark reminder that markets need to be strengthened to get prepared for the next big shock, New York Fed Bank President John Williams said on Wednesday.In …

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• 17 November 2021 9:59 pm

  Why is Biden Touring General Motors Plant?

  

  President Joe Biden, Wednesday is planning to tour a General Motors plant in Detroit, Wednesday, as he continues to sell the benefits of the recently signed $1 trillion infrastructure law. Biden is expected to highlight $7.5 billion in the new law automobile technology.Biden on Wednesday will visit a General Motors …

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