Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 9 November 2021 3:37 am

  Market Drivers – U. S. Session – 08-11-2021

  

  Weaker USD profile prevailed all through the U. S. trading session on Monday. The GBP/USD pair has jumped to 1.3530-35 by weaker USD and EUR/USD was another pair that similarly benefited from the same reason, while Treasury yields continued surging and Gold touched fresh highs. Inflation is still impacting monetary …

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• 9 November 2021 3:08 am

  Why Bitcoin Jumped on Monday

  

  Bitcoin has been climbing since early Saturday morning. Truth to say regulation and taxation are on the way with steady steps, but that may be also good news, not only for Bitcoin, but also for , Ethereum, and Dogecoin as well.The value of cryptocurrencies jumped over the weekend and the …

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• 9 November 2021 2:55 am

  Fed Survey: U. S. Credit Rules Eased

  

  Banks largely eased credit standards for businesses, commercial real estate investors and households in Q3, as the U.S. economy weathered the latest wave of the coronavirus pandemic, a Federal Reserve survey reported on Monday.The Fed’s Senior Loan Officer Survey, offering evidence of continued economic momentum, said banks “generally reported having …

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• 9 November 2021 2:22 am

  Fed: U. S. Economy at Risk by China’s Collapsing Real Estate

  

  The Federal Reserve Bank warned on Monday that stresses in the Chinese real estate sector posed risk to the US financial system, pointing out that the impact of the heavily indebted property companies like Evergrande could be a potential source of worldwide contagion.“Given the size of China’s economy and financial …

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• 9 November 2021 2:02 am

  Positive Sentiment Keeps AUD/USD Firmer

  

  AUD/USD holds onto Monday’s gains past 0.7400, edging higher around 0.7420 during the early Tuesday morning in Asia. The risk weatherglass pair recovered from the monthly low on Friday amid mixed concerns while a sluggish start to the week and the downbeat US dollar helped the AUD pair post the …

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• 9 November 2021 12:25 am

  EUR/USD Benefits from U. S. Dollar’s Weakness

  

  EUR/USD advances to begin the trading week on the right stance, up 0.18%, trading at 1.1587 during the day, as positive market sentiment as witnessed by rising US stock indices prevails the financial markets. In the Forex market, risk-sensitive currencies rise, with the NZD, the GBP, and the AUD, as …

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• 8 November 2021 10:50 pm

  U. S. Shares Jump Over Improved sentiment

  

  The S&P 500 has edged higher in the New York session, up by 0.08%, to settle at 4,701.The Dow Jones Industrial has added 0.23%, up to 36,412, while the Nasdaq has fallen by 0.01%, at 16,358. Positive U. S. jobs data last Friday, in addition to tapering by the U. …

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• 8 November 2021 10:28 pm

  Tesla Shares Slide After Musk’s Tweet

  

  Carmaker’s chief executive Elon Musk asked Twitter users whether he should sell 10% of his Tesla stock. Tesla will move its headquarters to Austin, Texas, said CEO Elon Musk, comparing the current crowded operations at the factory in Fremont, Calif., to “spam in a can”.Musk said the electric-vehicle maker would …

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• 8 November 2021 10:06 pm

  WTI Unevenly Traded Around $82.00

  

  `Crude oil prices have been uneven during recent trading but continue to trade with a positive bias on the day.Front-month futures contracts for the U. S. WTI, currently trades close to $82.00/barrel, having swung between the $81.30-$82.60 at various points throughout the U. S. session. WTI currently trades with on-the-day …

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• 8 November 2021 9:50 pm

  BoE’s Signals Combating Inflation with Rates Action

  

  The Bank of England’s governor, Andrew Bailey, has stated in recent trade that the U. K. will have to act with rates if there is evidence of higher inflation expectations impacting workers’ wages.Key comments by BoE’s Bailey:Much of rise in inflation has to do with reopening after lockdowns.What we are …

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• 8 November 2021 9:38 pm

  BoE Won’t Politicize Dealings with Foreign Clearing Houses

  

  The Bank of England will not politicize how it supervises foreign clearing houses with confronting responses to whatever the European Union decides, a senior BoE official said on Monday.Christina Segal-Knowles, the BoE’s executive director for financial market infrastructure, pointed out in a public consultation paper how the central bank will …

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• 8 November 2021 9:21 pm

  Gold hits fresh highs, yields retreat

  

  Gold continues to trade with an uptrend bias on Monday after breaking above key resistance last Friday in the $1814 per ounce. Prices surpassed $1820 earlier in the U. S. session, the highest level in over two months. Gold bulls will now be eyeing a move back to test resistance …

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• 8 November 2021 8:42 pm

  Fed’s Quarles to Resign Before 2022

  

  Paving the way for Biden’s Administration to take further steps in the path remaking the Federal Reserve Bank, Federal Reserve Governor Randal Quarles said he will step down from his post around the end of the current year. The resignation announcement has come a little over a month after ending …

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