Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 30 November 2021 1:54 am

  Powell: Inflation will linger well into next year

  

  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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• 30 November 2021 1:25 am

  OPEC+ Meetings Postponed To Evaluate Omicron Impact

  

  OPEC+ has postponed two meetings scheduled for the current week in order to avail more time to evaluate the implications of the latest coronavirus update about the emergence of a highly mutated variant.The group had moved the meeting of its joint technical committee to Wednesday from Monday, and the meeting …

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• 30 November 2021 1:07 am

  Tech Shares Save Wall Street from Omicron Dilemma

  

  Bargain buying in technology stocks has driven Wall Street higher on Monday following a collapse related to Omicron strain, while the Dow Jones lagged its peers as major banks fell and investors awaited more information on the new coronavirus variant.The S&P technology subindex jumped 2.1%, indicating that investors were likely …

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• 30 November 2021 12:50 am

  European Shares Advance After Selloff By Omicron

  

  European shares surged on Monday after their worst selloff in more than a year as investors digested whether the Omicron variant would deter economic recoveries and monetary tightening plans by central banks.The pan-European STOXX 600 closed up 0.7%, logging its best day in a month and recovering some of Friday’s …

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• 30 November 2021 12:34 am

  Improved Mood Pushes The Dollar Higher

  

  Fears retreated on Monday after panic had dominated financial markets for three days when stocks markets collapsed following the news on a new virus variant known as Omicron. However, the market’s reaction may have been worsened by thin market conditions due to the Thanksgiving holiday in the US.Up till Monday, …

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• 29 November 2021 11:45 pm

  T-Yields US Bounce Higher Amid Eying Variant

  

  Treasury yields climbed on Monday, as investors are eyeing the latest developments with the Omicron variant.The yield on the benchmark 10-calendar year Treasury rose by 4.6 foundation details to 1.531%. The yield on the 30-12 months Treasury bond climbed by 4.8 foundation details to 1.878%. Yields shift inversely to price …

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• 29 November 2021 11:13 pm

  Traders Flee Largest Emerging-Debt ETF

  

  EMB lost $709.5 million last week, worst outflow in two months. Most withdrawals came a day after Powell’s Fed reappointment.The double whammy of a new coronavirus variant and prospects of tighter policy in the U.S. had investors rethinking their appetite for risky emerging-market bonds last week.The $19 billion iShares J.P. …

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• 29 November 2021 10:48 pm

  UK Omicron Outbreak Worries Sterling Traders

  

  GBP/USD has dipped under 1.3300 as sterling traders worry about impact of UK Omicron outbreak. The GBP/USD pair slipped under 1.3300 in recent trade and is eyeing year-to-date lows. The pair has been eying the impact of concerns related to Omicron outbreak in the UK.The sterling has been under pressure …

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• 29 November 2021 10:35 pm

  Could Omicron Impact BoE’s Rate Hike Intention?

  

  The Omicron variant would not discourage the Monetary Policy Committee from hiking rates. The BoE needs flexibility to deal with unforeseen events after Boris Johnson had announced the reintroduction of mask-wearing and travel restrictions. A rate hike will do nothing to counterbalance the pressure the new variant will place on …

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• 29 November 2021 10:10 pm

  Canadian Housing Market To Heat Up

  

  The Bank of Canada’s last announcement on its benchmark policy rate has started out a wave of speculation about the possible future trajectory of Canada’s housing market, with the news that it expected rate hike potentially as early as April 2022.There will be an end to the record-low interest rates …

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• 29 November 2021 9:27 pm

  Swiss Franc Surges As Central Bank Stands Back

  

  The Swiss National Bank has ceased to stand in the way of the franc’s appreciation, according to data published on Monday, in an eye-catching change in view of the safe-haven currency’s rise to its highest against the euro in more than six years.The central bank’s apparent stance will confound investors …

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• 29 November 2021 9:05 pm

  Gold Eases as Markets Eye Omicron impact

  

  Gold eased on Monday, resuming a broad decline from the previous week, as the dollar has firmed and risk sentiment recovered with markets weighing how severe the economic impact would be from the Omicron coronavirus variant.Spot gold fell 0.4% to $1,784.41 per ounce by 11:17 a.m. ET (1617 GMT) after …

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• 29 November 2021 8:05 pm

  WTI Crude Continues Impressive Bounce

  

  Oil prices have continued to press higher, with front-month WTI crude futures now up more than USD 4.0 on the day and back in the USD 72.00s, nearly 50% of Friday’s steep decline over news on Omicron variant concerns has now been unwound.To get above the 50% Fibonacci retracement of …

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