Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 26 November 2021 7:52 pm

  Lagarde: Inflation to Slow From January

  

  European Central Bank President Christine Lagarde said on Friday that she expects inflation to begin to slow from January.“We will take action if it becomes necessary, she added, before stating that, under the current conditions, she also expects the Eurozone will no longer need net bond purchases under the PEPP …

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• 26 November 2021 6:01 pm

  Pfizer: Expects to Develop And Produce New Vaccine in About 100 Days

  

  According to vaccine-maker Pfizer, in case there was a “vaccine-escape” variant, the company expects to be able to develop and produce a new tailor-made vaccine against that variant within about 100 days.

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• 26 November 2021 4:40 pm

  Bitcoin Drops About 8% With The Discovery of a New Mutated Strain of Covid-19

  

  Bitcoin tumbled nearly 8% Friday, November 26, after the discovery of a new, potentially vaccine-resistant mutated strain of the coronavirus, prompting investors to dump riskier assets for assets they consider safer such as bonds, the yen, and the dollar. Bitcoin, the largest cryptocurrency, fell as much as 7.8% to $54,377, …

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• 26 November 2021 3:26 pm

  The Collapse of US Futures Contracts Ahead of The Opening

  

  The futures contracts of US stock indices recorded a very negative performance before the opening of trading in light of global concerns about the new Coronavirus, which led to strong fluctuations in global financial markets. The futures contracts for the DOW JONES index decreased by 2.20% and settled at the …

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