Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 4 November 2021 2:18 am

  Market Drivers – U. S. Session – 03-11-2021

  

  The U. S. dollar closed Wednesday with modest losses against most of its major rival currencies, following the Federal Reserve Bank’s monetary policy announcement.Fed kept interest rates unchanged as expected, and announced the reduction of its asset purchases by $15 billion per month. The Fed will begin taper later this …

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• 4 November 2021 2:06 am

  USD and Gold Impacted by Taper Decision, Shares Only Gainers

  

  The U. S. dollar closed Wednesday with modest losses against most of its major rival currencies, following the Federal Reserve Bank’s monetary policy announcement. Fed kept interest rates unchanged as expected, and announced the reduction of its asset purchases by $15 billion per month. The Fed will begin taper later …

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• 4 November 2021 1:51 am

  Gold in negative territory after FOMC’s decision

  

  Gold prices are holding steady but remain in negative territory as the Federal Reserve said it will taper monthly bond purchases.FOMC decided to begin tapering by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.Along with the tapering announcement, the Federal Reserve also kept interest rates unchanged …

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• 4 November 2021 1:00 am

  Tarantino jumps into crypto market with auction

  

  Director Quentin Tarantino will put on auction 7 scenes that have never been seen as crypto assets; known as Non-fungible tokens.NFTs are the latest cryptocurrency to go mainstream after Christie’s auction house sold the first NFT artwork which was a collage of images by digital artist Beeple for a huge …

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• 4 November 2021 12:25 am

  S&P 500 turns slightly higher after Fed statement

  

  U. S. stocks were buoyed modestly after the Federal Reserve announced, as expected, it would begin tapering its monthly bond purchases, while sticking to its description of inflationary pressures as transitory. Stocks were mostly a shade lower ahead of the Fed announcement, with the S&P 500 SPX, 0.56% now up …

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• 3 November 2021 11:05 pm

  Powell’s Key Comments on Inflation, Employment Figures

  

  Following the Federal Open Market Committee’s (FOMC) decision to keep the policy rate unchanged and to taper the asset purchases program by $15 billion per month, FOMC Chairman Jerome Powell is delivering his comments on the policy outlook, and notably inflation and employment: Following is a compilation of Jerome Powell’s …

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• 3 November 2021 10:44 pm

  Interest Rate Unchanged, Fed to Start Taper by $15 Billion

  

  The Federal Reserve said it will begin winding down its monthly asset purchases later this month at a pace of $15 billion per month, while expressing less certainty that the jump in inflation will prove temporary. The Fed said it would reduce Treasury purchases by $10 billion and mortgage-backed securities …

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• 3 November 2021 10:28 pm

  Wall Street mixed as focus shifts to taper decision

  

  U.S. shares and major indexes traded mixed in a narrow range on Wednesday as investors begin to digest the Federal Reserve’s withdrawal of its pandemic-era support, while Activision Blizzard slid on a leadership change.Six of the 11 major S&P sectors fell, with energy and industrials declining the most. The banking …

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• 3 November 2021 10:17 pm

  FOMC effects taper starting mid-November

  

  The U. S. Federal Reserve announced on Wednesday that it will start tapering its asset purchases program by $15 billion in mid-November.The Federal Open Market Committee (FOMC) announced that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. More importantly, the …

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• 3 November 2021 9:09 pm

  Treasuries yields rise ahead of FOMC statement

  

  U.S. Treasury yields were mostly higher in uneven trading session on Wednesday as the market awaits the Federal Reserve’s likely action to commence tapering asset purchases while digesting news that upcoming debt auction sizes will be cut. The benchmark 10-year yield, which fell to a 2-1/2-week low of 1.519% earlier …

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• 3 November 2021 8:54 pm

  FOMC to announce start of QE withdrawal

  

  Wednesday brings to the financial markets a highly important meeting. It is the awaited Fed meeting since May or June.When the Federal Reserve wraps up its meeting, the central bank is expected to announce that it will begin to wind down one of its biggest and most unprecedented market interventions …

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• 3 November 2021 8:11 pm

  September U.S. factory orders increase 0.2% amid shortages

  

  Orders for goods produced by U.S. factories rose 0.2% in September according to a governmental announcement on Wednesday. Orders for durable goods slid 0.3%, but the decline was offset by a 0.8% increase in orders for nondurable goods. U.S. manufacturers have plenty of demand, but they are encountering trouble finding …

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• 3 November 2021 8:01 pm

  U.S. Services Gauge Progresses to Record High

  

  U.S. service providers expanded at a record pace in October, this surge comes on the back of resilient demand and stronger business activity as the impact of the delta variant faded.The Institute for Supply Management’s services index advanced to 66.7 last month, exceeding all expectations, from 61.9 in September, data …

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