Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 29 November 2021 8:27 am

  Weekly Recap 22-26 November

  

  Financial markets were calm last week due to the Thanksgiving holiday in the United States, and investors were cautious due to the emergence of the new Coronavirus mutant in South Africa and the Uk. Gold During the past week, the safe haven fell due to the growing strength of the …

  Read More »
• 27 November 2021 2:21 am

  Market Drivers – US Session – 26-11-2021

  

  The US session did not witness the release of any remarkable economic data, rather it has been dominated by concerns of probable lockdowns in Europe, the emerging new virus strain.On Friday, oil prices recorded their largest one-day drop since April 2020 by falling about $10 a barrel, as a new …

  Read More »
• 27 November 2021 1:59 am

  What Is Next for China’s Economy?

  

  China’s post-COVID recovery has been hurt by Beijing’s crackdown on real estate and tech giants. Strong exports have saved the economy but what happens when global demand for Chinese goods decreases? Despite projections of 8% economic growth this year, China is struggling to handle many economic challenges. The debt crisis …

  Read More »
• 27 November 2021 1:21 am

  Bitcoin Typically Acts As Risk Asset

  

  Bitcoin fell 8% Friday, on the same day, the S&P 500 index retreated by 2.3%, that is to mean the most famous cryptocurrency is not the ideal hedge against volatility in the financial market as may be claimed by its backers.The hedge today was bonds, similar to much of market …

  Read More »
• 27 November 2021 12:47 am

  GBP/USD Steadies Amid Risk-Off Market Mood

  

  The British pound recovers from earlier losses during today’s trading despite risk-of-market sentiment clouding the financial markets due to discovering a new COVID-19 variant in South Africa. The GBP/USD pair is trading at 1.3341, up some 0.14%.In the overnight session, market sentiment fell as South Africa announced the discovery of …

  Read More »
• 26 November 2021 11:53 pm

  Brent Crude Extends Five Week Losses Over Demand Concerns

  

  On Friday, oil prices recorded their largest one-day drop since April 2020 by falling about $10 a barrel, as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell through 2022’s first quarter.Oil fell with global equities markets on fears the new variant could …

  Read More »
• 26 November 2021 11:34 pm

  Rate Hikes Speculations Push EUR/GBP Higher

  

  The EUR/GBP pair spiked towards 0.8500 on Friday as markets are being quacked by the latest Covid-19 variant developments.The pair benefitted from a moderation of global central bank rate hikes. EUR/GBP saw sharp upside on the final trading day of the week, surging from close to the 0.8400 level to …

  Read More »
• 26 November 2021 10:35 pm

  Virus Variant Impacts T-Yields, USD

  

  On Friday, US Treasury yields experienced sharpest drop since the pandemic began as investors rushed toward safe haven assets following the emergence of a new coronavirus variant in South Africa.The two-year Treasury yield, which typically moves in step with interest rate expectations, was down 14.2 basis points at 0.502, the …

  Read More »
• 26 November 2021 9:54 pm

  COVID Variant, Lockdown Fears Behind Dow ‘s Worst Day in 2021

  

  US shares dropped on Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which fanned concerns that new growth-crushing lockdowns could be imposed. Trading volumes were low due to the Thanksgiving holiday in the US, which contribute to the market’s volatility. Major benchmarks fell sharply …

  Read More »
• 26 November 2021 8:56 pm

  WTI Retreats By More Than 11%

  

  WTI crude oil has been under severe selling pressure in recent trade. Oil has settled under $70.00, marking a more than 11% decline on the day, its worst session since last year when future contracts swung deeply into negative territory in April 2020.The oil market’s implosion comes on a day …

  Read More »
• 26 November 2021 8:42 pm

  SA Reacts To European New Variant Comments

  

  European Central Bank Vice President Luis de Guindos said on Friday that the new Covid-19 variant is worrying.“We have to be patient even if markets are volatile, my personal opinion that policy will remain accommodative”, de Guindos added.On the PEPP, he said, it will end in its expected size at …

  Read More »
• 26 November 2021 8:27 pm

  Could New Variant Impact Forex Markets?

  

  Concerning new variant, the latest data from South Africa regarding a recently discovered new Covid-19 variant has caused global health authorities and the scientific community highly concerned. There is a chance that 1) the variant might be more infectious than the Delta variant and 2) might be vaccine-resistant. According to …

  Read More »
• 26 November 2021 8:16 pm

  AUD/USD Continues To Trade Heavily With Consolidation

  

  AUD/USD is consolidating in the mid-0.7100s having nearly hit the 0.7100 level earlier in the session. The pair is on course for steep daily losses amid heightened pandemic fears.A break of 0.7100 could see the pair drop quickly to 0.7000. The pair also tumbled below key support in the form …

  Read More »