Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 24 November 2021 10:19 pm

  US Natural Gas rises on Cooler Weather Forecast

  

  US natural gas futures rose over 2% to a one-week high on Wednesday on forecasts for slightly cooler weather and higher heating demand over the next two weeks than previously expected.That increase came even though near record output caused last week’s storage withdrawal to be smaller-than-usual, as expected.The US Energy …

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• 24 November 2021 10:03 pm

  AUD/USD Looking Vulnerable around FOMC Minutes

  

  AUD/USD is on the verge of a downside continuation towards daily lows while the Dollar Index (DXY) has headed for a test of 97 the figure again, rallying to a high 96.937FOMC minutes are coming up and could be the final catalyst of the current week. The US data dump …

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• 24 November 2021 9:04 pm

  ECB’s Weidmann: Upside Risks Dominate in Germany and Eurozone

  

  European Central Bank governing council member and Bundesbank head Jens Weidmann said on Wednesday that upside risks to inflation dominate in both Germany and the rest of the Eurozone. The flexibility of the PEPP should not be transferred to any other bond-buying programme, Weidmann continued, adding that the ECB should …

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• 24 November 2021 8:55 pm

  Gold Lower Ahead of US Data, FOMC Minutes

  

  The latest FOMC monetary policy meeting minutes, Wednesday, are expected to drive the USD demand and provide a fresh motivation to gold prices. Gold failed to maintain its intraday gains and turned lower for the fifth straight session as the stronger USD acted as a hindrance for the precious metal. …

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• 24 November 2021 8:32 pm

  US Consumer Sentiment Slides in November

  

  Consumer sentiment in the United States stayed at decade-low levels in November as spiking inflation soured households’ views on both their own finances and the economy nationwide according to a survey conducted by the University of Michigan released Wednesday. The final reading of the index of consumer sentiment came in …

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• 24 November 2021 8:18 pm

  US Consumer Spending Consolidates Despite Spiking Inflation

  

  US consumer spending powered ahead in October although the economy was confronted by the biggest and fastest inflation wave in 31 years, setting up the economy for a year-end growth spurt.Purchases of goods and services, unadjusted for changes in prices, increased 1.3%, the most since March, following a 0.6% gain …

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• 24 November 2021 8:04 pm

  Credit Suisse: US T-Yields To Climb above 2% into 2022

  

  The US 10-year yield has continued higher this week and is now very close to key support at 1.685/705%. A major base looks increasingly imminent. Economists at Credit Suisse look for a move above 2% into 2022.US 10-year Bond Yields are back pressuring key long-term support at 1.685/705% after medium …

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• 24 November 2021 7:53 pm

  US Economic Growth Rises In Q3

  

  The U.S. economy expanded at an annual 2.1% pace in Q3 instead of 2.0% according to revised government data. Economists were expecting a reading of 2.2%, according to a Wall Street Journal poll. Consumer spending and private inventory investment mostly accounted for the upward revision, the Commerce Department said Wednesday. …

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• 24 November 2021 7:21 pm

  US New Home Sales Rise in October

  

  Following a 7.1% (downwardly revised from 14.0%) surge in sales in September, New Home Sales in the United States rose by a modest 0.4% in October according to data released by the US Commerce Department showed on Wednesday. The fresh data indicates rise for the second successive month to the …

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• 24 November 2021 6:12 pm

  US: Durable Goods Orders Fall by 0.5% in October

  

  According to the latest release by the US Census Bureau, US Durable Goods Orders fell by 0.5% MoM in October compared to market expectations for a small 0.2% rise in sales. That marked an acceleration of the 0.4% contraction in orders recorded in September. Excluding transportation, orders rose at a …

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• 24 November 2021 5:59 pm

  US: Weekly Initial Jobless Claims Decline to 199K

  

  There were 199,000 initial claims for unemployment benefits in the US during the week ending November 20, the data published by the US Department of Labor (DOL) revealed on Wednesday. This reading followed the previous print of 270,000 (revised from 268,000) and came in better than the market expectation of …

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• 24 November 2021 4:23 pm

  Oil Rises, Affected by Investors’ Doubts

  

  Oil prices rose on Wednesday, extending gains from the previous day as investors remained skeptical about the effectiveness of a US-led move to draw down strategic oil reserves and shifted their focus to the next step for oil producers. Brent crude futures rose 13 cents, or 0.2 percent, to $ …

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• 24 November 2021 3:19 pm

  The Turkish Lira is falling 3%

  

  The Turkish lira fell back to a new record low on Wednesday amid fears of high inflation and other economic repercussions, after it plunged 15 percent the previous day after President Recep Tayyip Erdogan defended recent interest rate cuts. The lira fell to 13.1500 against the dollar, before falling to …

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