Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 12 November 2021 9:02 pm

  XAU/EUR Reaches Fresh High

  

  Gold against the EUR is trying to extend its weekly uptrend for seven successive days, trading at €1,627 during the New York session.Early in the Asian session, the precious metal retreated to give back some of its weekly gains, as bears pushed gold towards the 50-simple moving average on the …

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• 12 November 2021 8:53 pm

  U.S. Consumer Sentiment Drops on Inflation Concerns

  

  U.S. consumer sentiment fell in early November to the lowest level in 10 years as surging inflation cut into households’ living standards, with few believing policymakers are taking sufficient steps to mitigate the accelerating inflation.The University of Michigan’s Consumer Sentiment Index dropped to 66.8 in its preliminary November reading, released …

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• 12 November 2021 7:47 pm

  Treasury Yields Turn Lower Over Disappointing Data

  

  Most Treasury yields turned lower Friday morning, after the front-page readings from the University of Michigan’s consumer-sentiment report in at the lowest in a decade, had been released.According to the data released Friday, the University of Michigan’s Index fell to 66.8 in November from 71.7 in previous month, creating a …

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• 12 November 2021 7:39 pm

  EU Ready To Handle Any Issue Within NI protocol

  

  Vice President of the European Commission Maroš Šefčovič, in public comments regarding Brexit negotiations, said that the European Union is willing and ready to look at any issue that is within the Northern Ireland protocol.Šefčovič has added that problems should be tackled one at a time, perhaps starting with medicines …

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• 12 November 2021 5:46 pm

  Musk Sells More Tesla Shares After Twitter Vote

  

  Tesla CEO Elon Musk has sold more shares of the electric car maker, selling nearly $5 billion in shares following a Twitter poll, regulatory disclosures showed. Musk, the world’s richest person and the largest shareholder in Tesla, had said on Twitter at the weekend that he would sell 10% of …

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• 12 November 2021 4:19 pm

  Eurozone Industrial Production Drops in September

  

  Eurozone’s Industrial Production in Germany showed a smaller-than-expected decrease in September, the official data published by Eurostat revealed on Friday, suggesting that the recovery in the manufacturing sector could be gaining traction. The industrial output in the bloc arrived at -0.2% MoM vs. a 0.5% drop expected and -1.6% last. …

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• 12 November 2021 3:56 pm

  Dollar Hits 16-Month High Amid Inflation Concerns

  

  The dollar is set to record its best weekly performance in nearly 5 months against major currencies on Friday, amid bets that the US Federal Reserve will raise interest rates early, after data this week showed the fastest pace of inflation in the United States in 3 decades. The dollar …

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• 12 November 2021 3:05 pm

  Gold is Heading to Record The Largest Weekly Jump in 6 Months

  

  Gold prices fell on Friday, under pressure from the strength of the dollar, but it is heading towards recording the largest weekly jump in 6 months, as concerns about the rise in consumer prices in the United States led to the demand for the yellow metal as a hedge in …

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• 12 November 2021 2:11 pm

  Oil Falls as The Dollar Rises on Bets That The Fed Will Raise Interest Rates

  

  Oil prices fell on Friday, erasing gains made in the previous session, as the dollar continued to rise on bets that the US central bank would present plans to raise interest rates to curb inflation. In Asian trading, US West Texas Intermediate crude futures fell 26 cents, or 0.3%, to …

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• 12 November 2021 12:25 pm

  Japanese Stocks Close Higher

  

  Technology shares supported the Tokyo Stock Exchange to close higher, with investors eager to buy, but the rise in the Tokyo Stock Exchange was lagged by global shares on concerns about the impact of increased costs on corporate profits. The Nikkei index rose 1.13%, recording 2,9609.97 points, to continue its …

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• 12 November 2021 3:07 am

  Market Drivers – U. S. Session – 11-11-2021

  

  Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …

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• 12 November 2021 2:33 am

  October’s NZ Manufacturing PMI Surges

  

  New Zealand’s key sub-indices of production; namely Purchasing Managers’ Index (PMI) for the manufacturing sector (rose to 54.0) from prior reading at 51.4 and New Orders (53.9) were both in positive territory for the first time since July. Deliveries (59.9) led the way towards catching up on the economic activity, …

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• 12 November 2021 2:19 am

  OPEC Depressed Production Target In October

  

  OPEC’s crude oil production rose by 217,000 barrels per day to 27.453 million bpd in October, but still fell short of its share of the 400,000-bpd total output hike of the OPEC+ .Under the OPEC+ deal, the ten OPEC members bound by the OPEC+ pact should be raising their combined …

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