Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 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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• 2 November 2021 7:36 pm

  Gold Index closer to 200DMA ahead of key Fed meeting

  

  As Fed’s November meeting looms, spot gold (XAU/USD) prices trade marginally lower on Tuesday, having gradually ebbed in recent hours from the Asian session’s highs in the mid-$1790s to current levels around $1790. Gold prices have been undulating either side of the 200 day moving average (currently at $1792.40). The …

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• 2 November 2021 6:00 pm

  Market Drivers – European Session 02-11-2021

  

  Markets are quiet and investors are waiting for the Fed meeting. Markets are widely expecting Jerome Powell to announce a clear schedule to start tapering. Brent crude futures for January 2022 delivery scored about $84.33 a barrel, down 0.33%, and US crude was about $83.43 a barrel, down 0.74%. During …

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• 2 November 2021 5:37 pm

  The Expected Scenario of The Federal Reserve

  

  This week the market is looking for the Fed’s monetary policy meeting and perhaps the arrival of tapering, or at least an announcement of the schedule and start date. In the bank’s last meeting in September, Fed Chair Jerome Powell said tapering in November is high on the agenda and …

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• 2 November 2021 4:22 pm

  Oil Falls Marginally Amid Fears of New Closings in China

  

  Oil prices fell marginally during today’s session, amid anticipation of the OPEC+ meeting next Thursday, as well as the US Federal Reserve meeting, which will reveal a lot about inflation expectations and economic recovery, which in turn will affect demand. Brent crude futures for January 2022 delivery scored about $84.33 …

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• 2 November 2021 2:51 pm

  The Australian Dollar Fell After Less Hawkish Comments From RBA

  

  The Australian dollar fell on Tuesday after the Reserve Bank of Australia spoke less hawkish-than-expected at the first of a series of central bank meetings this week. Attention is now focused on the US Federal Reserve, which begins two days of meetings on Tuesday and is expected to announce the …

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• 2 November 2021 2:17 pm

  European Shares Fall on Mining

  

  European shares fell on Tuesday from their unprecedented levels, as traders awaited upcoming meetings of central banks to elicit indications on decisions to gradually reduce stimulus and interest rates, while the decline in iron ore prices affected the shares of mining companies. The European Stoxx 600 index fell 0.3 percent …

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• 2 November 2021 1:37 pm

  Gold Stabilizes as Investors Await The Fed

  

  Gold settled on Tuesday as market participants awaited the US Federal Reserve’s important policy meeting, in the face of mounting inflationary pressures and fears of slowing economic growth. There was little change in gold in spot transactions, as it recorded 1793.60 dollars an ounce (an ounce) by 0649 GMT. US …

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• 2 November 2021 1:08 pm

  Market Drivers – Asian Session 02-11-2021

  

  The Asian session was quiet and the Australian interest rate decision was the main driver of the session on Tuesday. The Reserve Bank of Australia (RBA) board members announced no changes to the official cash rate (OCR), leaving it at a record low of 0.10% during their November monetary policy …

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• 2 November 2021 12:30 pm

  Japan Shares Close Lower Ahead of Fed Policy Meeting

  

  Japanese stocks closed lower on Tuesday as investors were reluctant ahead of an important meeting of the US Federal Reserve, which may reveal more of its plans to scale back stimulus measures and raise interest rates. The Nikkei index fell 0.43 percent to 29,520.90 points, a day after it achieved …

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• 2 November 2021 3:50 am

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

  

  Financial markets stayed calm, on Monday, ahead the storm of three central bank meetings this week; the Reserve Bank of Australia meets Tuesday, the U. S. Fed on Wednesday and the Bank of England Thursday.Global stock markets rose helped by developments on fiscal stimulus and undeterred by concerns of future …

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• 2 November 2021 3:16 am

  Vote against Biden’s plans in the making

  

  Senator Joe Manchin said, Monday, he does not support the $1.75 trillion social safety net expansion bill Democrats are negotiating until there is greater clarity about its impact on the country’s national debt and the U. S. economy, casting major doubt about whether President Joe Biden can get his agenda …

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• 2 November 2021 2:16 am

  RBNZ’s Orr: Unsustainable house prices poses financial challenges

  

  The Reserve Bank of New Zealand’s governor, Adrian Orr, stated that the unsustainable level of house prices has imposed monetary, financial stability challenges on the country’s economy.House prices and housing affordability are affected by both supply and demand. Prices have become more unsustainable since November 2020. Domestic banks are working …

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