Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 12 November 2021 1:30 am

  The Dollar Still Gains as CPI Sparks Concerns

  

  The euro declined, Thursday, as the USD rose on the back of the strongest U.S. inflation reading in over 30 years fueling expectations of Fed interest rate hikes next year. U.S. CPI data showed the biggest gain in four months, lifting the annual increase to 6.2%, the strongest year-on-year rise …

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• 12 November 2021 1:05 am

  S&P 500 Stabilizes With Gains

  

  Trading conditions on Thursday were limited, with many investors away for Veteran’s Day. Bond markets have been closed. The S&P 500 index started the U. S. session above 4660 but has gradually been lower to around the 4650 mark, where it trades with one the day gains of about 0.1%. …

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• 12 November 2021 12:37 am

  Wheat prices highest since 2012

  

  Wheat prices have climbed above $8 per load for the first time in nearly nine years, with demand for the major commodity rising and supplies expected to end the 2021-2022 marketing year at their lowest in more than 10 years.Global demand remains robust at record, or near-record, levels, with foreign …

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• 11 November 2021 11:13 pm

  Will Germany Impose Lockdown Again?

  

  Germany was once looked upon as a best example of how to deal with the coronavirus. Now, it is recording close to 50,000 new Covid cases a day, prompting a dire warning of a dramatic rise in fatalities during the fourth wave of Covid, as the delta variant spreads as …

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• 11 November 2021 10:35 pm

  Gold surpasses cryptos as cheap inflation hedge

  

  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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• 11 November 2021 9:56 pm

  WTI awaits potential SPR Release

  

  Oil prices are consolidating on Thursday ahead of the U. S. open, with front-month futures contracts of the American benchmark for WTI, swinging either side of the $81.00 per barrel mark. Subdued trading conditions are not too surprising given thin liquidity conditions in U. S. markets, Thursday’s consolidation comes after …

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• 11 November 2021 9:01 pm

  U. S. Deficit Narrowed in October, Ahead of Debt-Ceiling Debate

  

  U. S. Monthly deficit shrank versus 2020, as government collected more revenue and pulled back on spending.As lawmakers prepare for another hike in the debt ceiling, it remains important to explain why it is economically feasible for the U.S. to keep borrowing, as long as interest rates stay low, partly …

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• 11 November 2021 8:25 pm

  Eurozone recovery hit by high energy costs

  

  The European Commission raised its growth forecast for the year for the 19 countries using the euro, saying Thursday that the economy was bouncing back from the worst of the coronavirus pandemic as people went back to work in consumer-facing jobs.However, the EU’s executive branch lowered its outlook for next …

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• 11 November 2021 7:46 pm

  UK Recovery Lagging Behind G7

  

  A strong blow has beaten Britain’s hopes to grab a slice of the market for electric vehicle batteries after one of the biggest chemical companies said it would give up on developing the technology.Johnson Matthey, a member of the FTSE 100, announced plans on Thursday to exit the battery materials …

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• 11 November 2021 7:13 pm

  Global Shares Mixed on Inflation Data

  

  Global shares were mixed Thursday over a worrying report on U.S. inflation, released Wednesday, that slammed into the bond market and knocked stocks lower on Wall Street.France’s CAC 40 edged up 0.1% to 7,050.48 in early trading, while Germany’s DAX lost 0.2% to 16,033.55. Britain’s FTSE 100 added 0.3% to …

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• 11 November 2021 7:02 pm

  Wall Street Opens Higher on Big Tech Gains

  

  U. S. shares opened mostly higher on Wall Street Thursday a day after a surge in inflation knocked the market lower. Big tech companies had some of the strongest gains in the early going. The S&P 500 was up 0.2% and the tech-heavy Nasdaq rose 0.7%.The Dow Jones slid 0.2%, …

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• 11 November 2021 6:27 pm

  Market Drivers – European Session 11-11-2021

  

  There were no major market movers during the European session. The dollar jumped to its highest level in 16 months against the euro and other major currencies on Thursday, while the yen fell towards its lowest levels in several years, after the highest inflation reading in the United States in …

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• 11 November 2021 5:59 pm

  OPEC: Rising Energy Prices Will Reduce Demand For Oil in Q4

  

  On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in the fourth quarter of this year due to high energy prices but kept its expectations of strong demand growth above pre-pandemic levels in 2022. OPEC said in a monthly report that …

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