Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 30 November 2021 9:16 pm

  US Shares Fall Over Faster Taper Announcement

  

  Stocks on Wall Street fell in early trading Tuesday, driven lower by the growing possibility the Fed may remove its supports for the economy.Fed Chair, Jerome Powell, told a Senate committee on Tuesday that inflation was likely to persist into 2022 and that the Fed would consider tapering more quickly …

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• 30 November 2021 8:51 pm

  EUR/USD Falls On Powell’s Comments

  

  The EUR/USD fell during the New York session, on Federal Reserve Chairman Jerome Powell’s remarks in a testimony before the Senate Committee on Banking and Housing.At the beginning of the Q&A session, the EUR/USD pair was trading around the 1.1370s but plummeted to 1,1240s on remarks of Jerome Powell.Jerome Powell …

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• 30 November 2021 8:41 pm

  US Dollar Surges On Powell’s Comments, Faster Taper

  

  The US dollar surged on Tuesday following comments by Fed Chair Jerome Powell, who indicated it would be appropriate to consider wrapping up the bank’s QE taper sooner. Speaking before the Committee on Banking, Housing, and Urban Affairs of the US Senate alongside US Treasury Secretary Janet Yellen, Powell added …

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• 30 November 2021 8:03 pm

  Powell, Yellen Testify Before Senate

  

  Everybody’s baseline forecast will now be for the Fed to accelerate the tapering of its bond purchases at the Dec. 15 meeting.Economics late yesterday predicted that the Fed would double the pace of acceleration, to $30 billion a month starting in January. That would wrap up the Fed’s QE by …

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• 30 November 2021 7:26 pm

  Hungary Central Bank Raises Rates For Fourth Time In Two Weeks

  

  Hungary’s central bank unexpectedly raised interest rates for the fourth time in just two weeks on Tuesday amid a surge in inflation that has put increased pressure on the forint and its bond market.The National Bank of Hungary was the first European Union central bank to start raising interest rates …

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• 30 November 2021 6:23 pm

  Market Drivers – European Session 30-11-2021

  

  The entire market was focused on Coronavirus mutant headlines statements of Moderna. The World Health Organization has warned of a very high risk of infection from Omicron, as some countries have already tightened border controls. However, US President Joe Biden said the US would not restore lockdowns, giving investors’ confidence …

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• 30 November 2021 5:35 pm

  The Turkish Economy Grew 7.4% in The Q3 of 2021

  

  Official data showed that the Turkish economy grew by 7.4% on an annual basis in the third quarter of 2021, in line with expectations of higher demand for retail sales, industrial production, and exports. The data of the Turkish Statistical Institute showed GDP growth of 2.7% compared to the previous …

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• 30 November 2021 3:52 pm

  Eurozone Preliminary CPI Unexpectedly Jumps in November

  

  The annualized Eurozone Consumer Price Index (CPI) jumps by 4.9% in November, surprising markets to the upside while higher from the previous rise of 4.1%, the latest data published by Eurostat showed on Tuesday. The consensus forecast was for a drop to 3.7%. The core figures arrived at 2.6% YoY …

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• 30 November 2021 3:10 pm

  The Dollar is Falling And The Yen is Jumping After Moderna’s Statements

  

  The dollar fell against other major currencies on Tuesday, and the yen rose to near its highest levels in more than two weeks after the CEO of Moderna Pharmaceuticals told the Financial Times that current vaccines against Covid-19 are likely to be less effective against the new mutant Omicron. Markets …

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• 30 November 2021 2:01 pm

  Market Drivers – Asian Session 30-11-2021

  

  Japanese shares closed lower for a third straight session on Tuesday after the CEO of Moderna Pharmaceuticals told the Financial Times that current COVID-19 vaccines are likely to be much less effective against the new mutant Omicron than previous mutated strains. Japan’s Nikkei index fell 1.63 percent to 27,821.76 points, …

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• 30 November 2021 1:13 pm

  Gold Rises Amid Warnings of Omicron

  

  Gold prices rose on Tuesday after the president of Moderna warned that COVID-19 vaccines will likely not be as effective against the Omicron mutant as they are with the Delta strain. And gold rose in immediate transactions 0.3 percent to 1790.92 dollars an ounce (an ounce). US gold futures rose …

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• 30 November 2021 12:38 pm

  Oil Prices Are Falling After Statements From Moderna

  

  Oil prices retreated, giving up gains on Tuesday, November 30, dropping by more than two dollars, as financial markets declined in general after an interview with the CEO of Moderna raised doubts about the effectiveness of anti-Corona vaccines against the new mutant Omicron. The president of Moderna Pharma told the …

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• 30 November 2021 2:19 am

  Market Drivers – US Session – 29-11-2021

  

  US Fed Chair Jerome Powell, in testimony prepared for delivery Tuesday before the Senate Banking Committee, and released Monday by the Fed, said that he continues to expect high inflation to recede over the next year as supply and demand come into better balance, but warned that prices could continue …

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