Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 13 November 2021 2:04 am

  Oil Prices Under Accelerating Pressure

  

  A handful of bearish factors are driving oil prices lower, with both WTI and Brent set for a third successive weekly loss.While crude prices have been relatively range-bound recently, hovering within the $80-85 per barrel range, they are expected to suffer their third weekly decline in a row. Yet, beyond …

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• 13 November 2021 1:51 am

  Fed’s Inflation Response Criticized

  

  Mohamed El-Erian, chief economic adviser at Allianz SE, criticized the Federal Reserve’s long-standing narrative of transitory inflation on Friday following data that revealed prices are rising at the fastest rate since 1990.“There are lots of structural changes going on in the post-pandemic economy … you can’t simply dismiss them as …

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• 13 November 2021 1:41 am

  NY Fed’s Williams: Inflation Impacts Fixed Income Families

  

  Higher inflation does not affect all households equally, with people on fixed incomes taking a bigger hit, New York Federal Reserve Bank President John Williams said Friday.

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• 13 November 2021 1:35 am

  EUR/USD bounces off yearly lows

  

  EUR/USD hardly declines during Friday’s session, consolidating around 1.1446, down by 0.01%. The Euro has failed to gain traction against the American currency, which has maintained same demand level during the Asian and the European session, with limited gain as the New York session begins.The Euro’s downfall has extended for …

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• 13 November 2021 1:22 am

  Is Rivian Investors’ Next Tesla?

  

  Some investors bet that Rivian can become the next Tesla, whose own market cap stands above $1 trillion, while others say It is a bad bet.U. S. Electric automaker Rivian closed trading yesterday with value nearing $105 billion, two days after completing the largest U.S. IPO since Alibaba in 2014. …

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• 13 November 2021 12:52 am

  Elon Musk Slammed for His Rivian Comments

  

  The “Big Short” movie star Michael Burry returned to Twitter Friday. After earlier remarks about inflation, SEC and Fed policies, the movie star who is also CEO of Scion Asset Management says that Elon Musk has wrong calculations and had it not quite right with his Rivian comments.Earlier in the …

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• 12 November 2021 11:59 pm

  APEC Leaders Tackle Economic Recovery, COVID-19, Climate

  

  Leaders of the Asia-Pacific Economic Cooperation (APEC) forum vowed on Friday to address economic recovery in the region by shoring up supply chains.The summit is tackling labour issues and continuing to respond to the COVID-19 pandemic. The summit is held amid heightened U.S.-China tensions.Biden and Xi expected to meet virtually …

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• 12 November 2021 11:41 pm

  USD/CHF Slid By U. S. Consumer Sentiment

  

  USD/CHF tends to end Friday’s session flat slightly gaining at 0.9200 level. The pair had at one point been nearly as high as 0.9240, but a sharp, surprise worsening in Consumer Confidence in November according to the University of Michigan’s Index that pushed the pair from highs and back towards …

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• 12 November 2021 11:28 pm

  U.S. Dollar Retreats As Consumer Sentiment Declines

  

  The USD/CAD pair is currently trying to hold below the support at 1.2550 while the U.S. dollar is losing some strength because of inflation and the retreat of customer sentiment.The U.S Dollar Index is stuck in the range between the support at 95 and the resistance at 95.20. In case …

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• 12 November 2021 11:16 pm

  Listing, Trading Shares of Vaneck Bitcoin Trust Disapproved

  

  The U.S. Securities and Exchange Commission on Friday rejected rule changes that would have allowed the listing and trading of the VanEck bitcoin exchange traded fund.In March, the Cboe BZX Exchange, Inc. filed a proposed rule change to list and trade shares of the VanEck Bitcoin Trust under BZX Rule.The …

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• 12 November 2021 10:17 pm

  Baker Hughes Reports Rise of U.S. Oil Drilling Rigs

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by four to 454 this week. That followed increases in each of the previous two weeks, including a climb of six oil rigs last week, Baker Hughes data show. The total active U.S. rig …

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• 12 November 2021 10:01 pm

  XAU/USD Dips to $1850 as Fed Williams’ Speech Eyed

  

  XAU/USD prices have recovered back to trading flat on the day, having at one point prior to the U. S. open been trading with losses of nearly 1.0%. Gold appeared to find good demand at $1850 as gold bulls and those seeking inflation protection bought the dip.As Fed encounters pressure …

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• 12 November 2021 9:17 pm

  S&P 500 opened higher before U. S. Data

  

  Wall Street’s main indexes trade in the positive territory on Friday. Tech shares push higher after the opening bell.Major equity indexes in the U. S. started the last day of the week in the positive territory on the back of improving market sentiment. The CBOE Volatility Index, Wall Street’s fear …

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