Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 22 November 2021 12:58 pm

  Oil Prices Fell to The Lowest Level in Seven Weeks, Why?

  

  Baker Hughes reported, Friday, that the number of active U.S. rigs drilling for oil rose by seven to 461 this week.The new figures followed increases in each of the previous three weeks, including a climb of four oil rigs last week, Baker Hughes data shows.The total active U.S. rig count, …

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• 21 November 2021 11:45 pm

  Weekly Recap 15-19 November

  

  It is becoming more and more obvious that the current historic inflation levels have ignited growing calls to speed taper. The US Federal Reserve is setting the scene for a new debate between hawkish and dovish approaches regarding the stimulus withdrawal, tapering and interest rate hike. Major peers, such as …

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• 20 November 2021 3:14 am

  Market Drivers – US Session – 19-11-2021

  

  Oil prices continued to trade sharply lower on concerns that Europe’s COVID cases increase could lead to lockdown anew and could hurt energy demand.Federal Reserve Board of Governors member Christopher Waller said on Friday that the rapid improvement seen in the labour market and high inflation makes him favour faster …

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• 20 November 2021 2:54 am

  Why Is Wall Street Not That Scared Of Inflation?

  

  `About 65% of Americans now view their economy as poor, according to a poll by The Associated Press-NORC Center for Public Affairs Research. Almost all predictions indicate that inflation will continue to rise over the next months, this applies to fuel, electricity, food costs and every household purchase, but Wall …

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• 20 November 2021 2:26 am

  Traders Eye Benefits Of Apple Car

  

  Traders are busy gambling what suppliers and manufacturers could benefit from Apple’s autonomous car project.Aeva Technologies is up 6.36% and Innoviz Technologies is 4.32% higher. Both stocks also jumped up yesterday when the Apple’s car story found its way to news headlines and the companies were viewed as potential suppliers. …

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• 20 November 2021 1:15 am

  WTI Crude Records Longest Losing

  

  Oil prices fell to a six-week low on Friday amid demand concerns after Austria announced a nationwide lockdown.But for consumers looking for some relief at the pump, the declines are not yielding any immediate lower fuel prices. The national average for a gallon of gas stood around a seven-year high …

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• 20 November 2021 12:49 am

  EUR/USD Sharply Drops On Lockdown News

  

  The EUR/USD pair considerably fell Friday, dropping below the 1.13 level as coronavirus infections in Europe are getting worse every day. Rising inflation combined with a deteriorating pandemic and ultra-dovish ECB policy, in terms of tapering stimulus are among multi factors leading to a lockdown inflation spiral, eventually getting out …

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• 20 November 2021 12:27 am

  Looming Lockdowns Threaten Taper, Sink Eurozone Bonds

  

  The looming return of lockdowns to contain Europe’s latest wave of Covid-19 cases poses risk on economic recovery and postponement of the timetable for the ECB’s wind down of emergency stimulus. Euro zone bond yields dropped on Friday and Germany’s entire yield curve fell into negative territory for the first …

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• 19 November 2021 11:36 pm

  Lagarde, Weidmann Clash Over Inflation Response

  

  German central bank head set up a clash over Eurozone monetary policy warning that inflation is to stay above the ECB’s target for longer than expected.Jens Weidmann told a banking conference in Frankfurt on Friday: “Given the considerable uncertainty about the inflation outlook, monetary policy should not commit to its …

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• 19 November 2021 11:10 pm

  US Oil Drilling Rigs Rose For Fourth Week

  

  Baker Hughes reported, Friday, that the number of active U.S. rigs drilling for oil rose by seven to 461 this week.The new figures followed increases in each of the previous three weeks, including a climb of four oil rigs last week, Baker Hughes data shows.The total active U.S. rig count, …

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• 19 November 2021 11:00 pm

  Why Are Cryptocurrencies Jumping Today?

  

  In the early morning, Bitcoin was trading at $58,089, up 4.4% from its Thursday’s low but down 0.9% in the last 24 hours. Bitcoin is down 10.4% over the past week, so the trend was definitely lower this week. Cryptocurrencies are having another volatile day on Friday but this time …

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• 19 November 2021 10:20 pm

  Texas to Become Bitcoin Capital

  

  Texas is home of the most vulnerable power grid across the United States. The state is preparing to be hit by a surge in demand for electricity that’s twice as much as the size of Austin’s.An army of cryptocurrency miners opted to head to Texas state to utilize cheap power …

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• 19 November 2021 9:31 pm

  Clarida Warns Of Globally Coordinated Interest Policy

  

  Central banks in different countries can usefully share analysis and may adopt similar policies in response to common global shocks, but explicit coordination would likely do more harm than good, Federal Reserve Vice Chair Richard Clarida said on Friday.The Fed official signaled skepticism toward adopting coordinated interest-rate policies among major …

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