Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 3 November 2021 12:05 am

  Dow Futures Surge as Tesla Impacted by Elon Musk’s Tweet

  

  Dow Jones futures were higher early Tuesday after the stock market rally hit record levels yesterday. Tesla stock surged to more all-time highs. And Mosaic, NXP Semiconductor and ZoomInfo were three earnings movers after the close.The Dow Jones Industrial Average moved up 0.3%. The S&P 500 rose 0.2%, while the …

  Read More »
• 2 November 2021 11:21 pm

  Vehicle Shortage Puts Global Economy at Risk

  

  So many jobs depend on automaking, this is why the industry’s production problems are causing tedious pain to several businesses and organizations. The Opel factory in Eisenach, Germany, is halting production and doesn’t plan to restart until next year. Trouble in the auto industry, a powerful engine of the global …

  Read More »
• 2 November 2021 9:01 pm

  GBP/USD threatens a break below 1.3600

  

  The GBP/USD pair is being pressured at the start of the week, down by about 0.3% after sliding from a high of 1.3669 to a low of 1.3608 so far and staying close to a three-week low. Central banks are the focus for the week with uncertainty as to whether …

  Read More »
• 2 November 2021 7:36 pm

  Gold Index closer to 200DMA ahead of key Fed meeting

  

  As Fed’s November meeting looms, spot gold (XAU/USD) prices trade marginally lower on Tuesday, having gradually ebbed in recent hours from the Asian session’s highs in the mid-$1790s to current levels around $1790. Gold prices have been undulating either side of the 200 day moving average (currently at $1792.40). The …

  Read More »
• 2 November 2021 6:00 pm

  Market Drivers – European Session 02-11-2021

  

  Markets are quiet and investors are waiting for the Fed meeting. Markets are widely expecting Jerome Powell to announce a clear schedule to start tapering. Brent crude futures for January 2022 delivery scored about $84.33 a barrel, down 0.33%, and US crude was about $83.43 a barrel, down 0.74%. During …

  Read More »
• 2 November 2021 5:37 pm

  The Expected Scenario of The Federal Reserve

  

  This week the market is looking for the Fed’s monetary policy meeting and perhaps the arrival of tapering, or at least an announcement of the schedule and start date. In the bank’s last meeting in September, Fed Chair Jerome Powell said tapering in November is high on the agenda and …

  Read More »
• 2 November 2021 4:22 pm

  Oil Falls Marginally Amid Fears of New Closings in China

  

  Oil prices fell marginally during today’s session, amid anticipation of the OPEC+ meeting next Thursday, as well as the US Federal Reserve meeting, which will reveal a lot about inflation expectations and economic recovery, which in turn will affect demand. Brent crude futures for January 2022 delivery scored about $84.33 …

  Read More »
• 2 November 2021 2:51 pm

  The Australian Dollar Fell After Less Hawkish Comments From RBA

  

  The Australian dollar fell on Tuesday after the Reserve Bank of Australia spoke less hawkish-than-expected at the first of a series of central bank meetings this week. Attention is now focused on the US Federal Reserve, which begins two days of meetings on Tuesday and is expected to announce the …

  Read More »
• 2 November 2021 2:17 pm

  European Shares Fall on Mining

  

  European shares fell on Tuesday from their unprecedented levels, as traders awaited upcoming meetings of central banks to elicit indications on decisions to gradually reduce stimulus and interest rates, while the decline in iron ore prices affected the shares of mining companies. The European Stoxx 600 index fell 0.3 percent …

  Read More »
• 2 November 2021 1:37 pm

  Gold Stabilizes as Investors Await The Fed

  

  Gold settled on Tuesday as market participants awaited the US Federal Reserve’s important policy meeting, in the face of mounting inflationary pressures and fears of slowing economic growth. There was little change in gold in spot transactions, as it recorded 1793.60 dollars an ounce (an ounce) by 0649 GMT. US …

  Read More »
• 2 November 2021 1:08 pm

  Market Drivers – Asian Session 02-11-2021

  

  The Asian session was quiet and the Australian interest rate decision was the main driver of the session on Tuesday. The Reserve Bank of Australia (RBA) board members announced no changes to the official cash rate (OCR), leaving it at a record low of 0.10% during their November monetary policy …

  Read More »
• 2 November 2021 12:30 pm

  Japan Shares Close Lower Ahead of Fed Policy Meeting

  

  Japanese stocks closed lower on Tuesday as investors were reluctant ahead of an important meeting of the US Federal Reserve, which may reveal more of its plans to scale back stimulus measures and raise interest rates. The Nikkei index fell 0.43 percent to 29,520.90 points, a day after it achieved …

  Read More »
• 2 November 2021 3:50 am

  Market Drivers – U. S. Session – 02-11-2021

  

  Financial markets stayed calm, on Monday, ahead the storm of three central bank meetings this week; the Reserve Bank of Australia meets Tuesday, the U. S. Fed on Wednesday and the Bank of England Thursday.Global stock markets rose helped by developments on fiscal stimulus and undeterred by concerns of future …

  Read More »