Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 9 November 2021 11:46 pm

  Wednesday’s CPI Data Helps Investors Conceptualize U. S. Inflation

  

  On Wednesday, the U. S. economic scene will witness the latest release of the Consumer Price Index, CPI, for October. This data is awaited by investors and traders, as the Federal Reserve dovish tone spurred a selloff in the bond market, while US Treasury yields fall.CPI is unlikely to offer …

  Read More »
• 9 November 2021 10:47 pm

  Will Wednesday’s CPI Impact EUR/USD?

  

  The U. S. dollar was wavering between 93.90 and 94.10 in the New York session after data showed US producer prices increased solidly in October. While this was indicating that high inflation could persist for a while amid tight supply chain difficulties related to the pandemic, there were no great …

  Read More »
• 9 November 2021 10:30 pm

  Fed’s Daly: Prices will moderate as U. S. gets through pandemic

  

  San Francisco Fed President Mary Daly was speaking at the National Association of Business Economists virtual meeting.Daly said it is too early to know how far the US economy is from full employment, adding that there won’t be better clarity until the middle of next year.“It’s going to take time …

  Read More »
• 9 November 2021 10:12 pm

  BOE & ECB Interest Rate Expectations Updates

  

  Rate hike chances are gaining more appeal throughout financial markets for the BOE after the November meeting, given the actual inflation profile, in which there was a 95%+ chance of a 15-bps hike. The European Central Bank has made clear that it does not intend on raising rates anytime soon, but …

  Read More »
• 9 November 2021 9:55 pm

  ECB’s Schnabel: Central banks must pay attention to house prices

  

  Isabel Schnabel said that house prices need more attention from financial stability and price stability viewpoint. Schnabel indicated that owner-occupied housing would have contributed between 0.4 and 0.5 pp to data released by the Harmonised Index of Consumer Prices (HICP).The member of ECB’s executive board also insisted that monetary policy …

  Read More »
• 9 November 2021 9:19 pm

  BoE to Assess Crypto Pound in 2022

  

  The Bank of England will begin a consultation next year to assess the case for a central bank digital currency (CBDC).If it is concluded that there is feasibility for a digital pound, the earliest that one could be rolled out is the second half of the decade, the Bank of …

  Read More »
• 9 November 2021 8:32 pm

  Investors Digest Bailey’s Hints on Rates Hike

  

  Andrew Bailey has insisted that the Bank of England will raise interest rates if expectations of higher inflation drive up wages.The BoE’s Governor stressed that policymakers would intervene to avoid the prospect of heightened price growth becoming “generalized” across the British economy.He was participating in a virtual question and answer …

  Read More »
• 9 November 2021 7:42 pm

  Swiss Franc Vulnerable to a Reversal

  

  With central banks having already said their piece, seasonal, valuation and positioning still looks favorable for the USD. On these measures, the CHF looks vulnerable to a reversal.CHF could be a major laggard in the coming weeks, yet the CHF is the most overloved currency on most positioning dashboard. It …

  Read More »
• 9 November 2021 7:25 pm

  Fed’s Chair Considers Benefits of Max Employment

  

  The U.S. Federal Reserve looks at a wide range of indicators trying to extract as much observations as possible on how close the economy is to reach full employment. Federal Reserve Chair Jerome Powell said Tuesday that the central bank will look beyond headline numbers to determine when it has …

  Read More »
• 9 November 2021 6:42 pm

  Market Drivers – European Session 09-11-2021

  

  The most prominent event during the European session was the jump of cryptocurrencies. Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of 1.3 trillion dollars, while …

  Read More »
• 9 November 2021 6:37 pm

  US: Annual PPI Remained at 8.6% in October

  

  The year-on-year rate of Producer Price Inflation came in at 8.6% in October, unchanged from the month prior and slightly below expectations for 8.7%, according to a report by the US Bureau of Labour Statistics. the Month-on-Monthrate of PPI rose to 0.6% in October, versus expectations for 0.5% and higher …

  Read More »
• 9 November 2021 5:40 pm

  Bitcoin Hits New All-Time High

  

  The largest digital currency, Bitcoin, managed to set a new record, surpassing the October peak beyond $68,000 Bitcoin prices jumped over the past few hours, reaching a new historical high at $68.5 thousand, while it is now rising around 4%. The market value of Bitcoin has jumped to levels of …

  Read More »
• 9 November 2021 5:05 pm

  US Bond Yields Fall

  

  US Treasury yields fell on Tuesday morning, ahead of inflation data, as the benchmark 10-year Treasury yield fell by less than a basis point to 1.488%, and the yield on 30-year Treasuries shed less than a basis point, falling to 1.8836%, Returns move inversely with prices and one basis point …

  Read More »