Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 11 November 2021 1:35 am

  NZD/USD Depends on RBNZ

  

  NZD/USD is ending the North American session down by 0.9% after falling from a high of 0.7132 to a low of 0.7062 on the day.A stronger than expected Consumer Price Index data overnight saw the USD rally against all G10 currencies.Markets have responded in kind following Fed’s statements last week …

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• 11 November 2021 12:27 am

  Evergrande, Inflation Data Pull U. S. Shares Down

  

  Hotter than expected Consumer Price Index reading for October and news that Evergrande again defaulted debt payment grace period were factors that pulled U. S. stocks down on Wednesday.The S&P 500 index is down 0.7%, CPI has jumped 0.9% after climbing 0.4% in September, the Labor Department said. This was …

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• 10 November 2021 11:31 pm

  Inflation Impacts All Currencies Including Cryptos

  

  If inflation doesn’t diminish, Fed may need to taper at a more considerable rate and hike interest rates, which could hurt stock and bond markets.Against Japan’s yen the U. S. dollar was last up 0.85% to 113.86 yen after touching Wednesday’s session high of 113.940. On Tuesday the dollar had …

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• 10 November 2021 11:13 pm

  USD climbs as inflation stirring rate hike

  

  The dollar index jumped sharply on Wednesday, with the euro hitting a 16-month low against the U. S. currency, after U.S. consumer prices surged to their highest rate since 1990, fueling speculation that Fed may raise interest rates sooner than expected.The consumer price index rose 0.9% last month after gaining …

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• 10 November 2021 10:41 pm

  China’s Cash on Table in Fresh Euro Bond Sale

  

  A 4 EUR billion sale of new debt bonds on Wednesday showed investor demand is still strong for the sovereign.This strong demand comes despite concerns mount about the state of the corporate bond market domestically.However, China missed a trick by not issuing a green tranche, as it had suggested was …

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• 10 November 2021 10:24 pm

  Inflation Data Pushes Treasury Yields Climb

  

  On Wednesday, yield on Treasury notes, which often rises when investors anticipate tighter central bank policies, rose back toward highs for 2021, near 0.5%, compared with 0.409% at Tuesday’s close. The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary …

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• 10 November 2021 9:21 pm

  Gold jumps with US inflation data

  

  Gold hit a fresh multi-month high of $1,868.54 an ounce, its highest since last June. Gold surged on the back of higher-than-anticipated US inflation data encouraging speculations the U. S. Fe will have no choice but to hike rates sooner.The XAU/USD Index retreated from the mentioned high on the broad …

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• 10 November 2021 9:05 pm

  Was U. S. Economic Agenda Designed for Shortages and Inflation?

  

  According to Wall Street Journal, cost pressures are depriving Democrats of the political benefits of the strong U. S. economy. Today, jobs and wages are growing rapidly, the stock market is at records on the back of positive corporate earnings and the public is optimistic about jobs and their financial …

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• 10 November 2021 8:51 pm

  Oil futures trim losses over EIA’s report

  

  The Energy Information Administration reported on Wednesday that U.S. crude inventories rose by 1 million barrels for the week ended Nov. 5.The fresh data matches the average increase expected by analysts polled by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 2.5 million-barrel decline, according to sources. …

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• 10 November 2021 8:00 pm

  U.S. wholesale inventories surged in September

  

  U.S. wholesale inventories increased more than expected initially in September, but automobile stocks declined further amid a global semiconductor shortage, which is undercutting motor vehicle production.The Commerce Department said on Wednesday that wholesale inventories increased 1.4%, instead of 1.1% as estimated last month. Stocks at wholesalers rose 1.3% in August. …

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• 10 November 2021 7:18 pm

  U. S. Inflation spiked in October

  

  Consumer inflation surged in October as fuel costs picked up, supply chains remained under pressure and rents moved higher. NYT said that it is bad news for economic Fed’s policymakers and for the White House, which had been emphasizing a recent slowdown in price gains.Inflation picked up to 0.9 percent …

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• 10 November 2021 6:50 pm

  Market Drivers – European Session 10-11-2021

  

  Markets were waiting for US inflation data, which came in better than expected. Inflation in the US, as measured by the Consumer Price Index (CPI), surged to 6.2% on a yearly basis in October from 5.4% in September, the US Bureau of Labor Statistics reported on Wednesday, surpassing the market …

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• 10 November 2021 6:14 pm

  U.S. Weekly Initial Jobless Claims Decline

  

  According to the latest report from the US Department of Labor (DoL), there were 267,000 initial claims for US unemployment benefits in the week ending on the 6th of November. That was 2,000 more than expected, but down 4,000 from the week prior and, according to the DoL, “is the …

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