Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 3 November 2021 3:23 pm

  UK Final Services PMI Revised Sharply Higher

  

  The UK services sector activity expanded more than expected in October, the final report from IHS Markit showed this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised sharply higher to 59.1 in October compared to 58.0 expected and a 58.0 previous.

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• 3 November 2021 2:24 pm

  European Shares Rise to New Highs

  

  European shares recorded record highs on Wednesday, as positive results for companies’ business in the recent period and the rise in metal prices offset the impact of the decline in oil sector shares. The European Stoxx 600 index rose 0.2% by 0824 GMT, while global stocks settled at record heights …

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• 3 November 2021 1:39 pm

  Market Drivers – Asian Session 03-11-2021

  

  The Asian session was quiet and markets are waiting for the Fed today. The dollar index was flat at 94.11, close to the 2021 peak of 94.563 hits last month. Against the euro, the dollar also settled at 1.1579, near the low of 1.1522 recorded in October, which was the …

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• 3 November 2021 1:14 pm

  The Dollar is Hovering Near Peaks

  

  The dollar hovered near recent peaks against the euro and the yen on Wednesday as investors awaited the Federal Reserve’s start to scale back pandemic-era stimulus and how Chairman Jerome Powell handled inflationary pressures. The dollar index settled little changed at 94.11, close to the 2021 peak of 94.563 recorded …

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• 3 November 2021 12:43 pm

  Gold is Awaiting Significant Data Today That May Bring it Down

  

  Gold fell Wednesday morning in Asia, focusing squarely on the latest US federal policy decision. Investors are preparing to assess the US central bank’s plans to combat rising inflation and allay concerns about the economic recovery from COVID-19. Gold futures were down 0.30% at $1,784.05 by 11:29 PM. The Fed …

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• 3 November 2021 6:34 am

  Market Drivers – European Session 03-11-2021

  

  The European session was fairly quiet as all eyes turned to the Fed’s after-hours statement. Oil prices fell during oil trading, as Brent crude in future contracts for January delivery lost 1.971% and reached 83.05 dollars a barrel, while the price of US crude reached 81.94 dollars a barrel in …

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• 3 November 2021 3:25 am

  Market Drivers – U. S. Session 02-11-2021

  

  Global financial markets positively closed the U. S. trading session. U. S. shares surged while currencies fluctated over risk sentiment, with the exception of the U. S. dollar, which uniqely performed. Economic DataThere was hardly any economic data impacting price movements in the US period, but the markets are awaiting …

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• 3 November 2021 2:41 am

  Wall Street gains touch record highs

  

  Wall Street’s main indexes rose on Tuesday to record highs on the back of strong corporate earnings. The U. S. seasons continued to lift sentiment for equities, while investors await a critical Federal Reserve meeting.The S&P 500 and Nasdaq notched record closing highs for a fourth successive session, while the …

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• 3 November 2021 1:57 am

  With Fed tapering expected, investors eye rate hikes

  

  The U.S. Federal Reserve Bank gears up to taper its huge asset purchases as investors are scanning the market before and after signals of how effectively the central bank can tighten the U. S. monetary policy to deal with stubbornly high inflation.Fed policymakers are expected to give the green light …

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• 3 November 2021 1:21 am

  How will Wednesday Fed’s Meeting Impact the markets?

  

  Wednesday will bring decisions of the Fed’s November meeting to the financial markets, and Friday will bring Non-farm Payrolls, so financial markets rre amid some heavy drivers for the USD.It is expected that this is the rate decision at which the Fed will announce their intentions to begin tapering asset …

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• 3 November 2021 12:05 am

  Dow Futures Surge as Tesla Impacted by Elon Musk’s Tweet

  

  Dow Jones futures were higher early Tuesday after the stock market rally hit record levels yesterday. Tesla stock surged to more all-time highs. And Mosaic, NXP Semiconductor and ZoomInfo were three earnings movers after the close.The Dow Jones Industrial Average moved up 0.3%. The S&P 500 rose 0.2%, while the …

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• 2 November 2021 11:21 pm

  Vehicle Shortage Puts Global Economy at Risk

  

  So many jobs depend on automaking, this is why the industry’s production problems are causing tedious pain to several businesses and organizations. The Opel factory in Eisenach, Germany, is halting production and doesn’t plan to restart until next year. Trouble in the auto industry, a powerful engine of the global …

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• 2 November 2021 9:01 pm

  GBP/USD threatens a break below 1.3600

  

  The GBP/USD pair is being pressured at the start of the week, down by about 0.3% after sliding from a high of 1.3669 to a low of 1.3608 so far and staying close to a three-week low. Central banks are the focus for the week with uncertainty as to whether …

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