Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 1 November 2021 6:26 pm

  Market Drivers – European Session 01-11-2021

  

  The European session on Monday was quiet and generally flat. Just a moment ago, the Manufacturing PMI came out and came in negative; Were it scored 58.4 points, analyst expected it to score 59.2 points. Gold is now recording 1789.39, an increase of 0.34%, and gold contracts are recording 1790.35, …

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• 1 November 2021 5:39 pm

  Turkey’s Trade Deficit Fell 39% to $1.46 Billion in October

  

  Turkey’s trade deficit narrowed 39% year-on-year to $1.46 billion in October, the Turkish Ministry of Trade said. For his part, Minister of Commerce Mehmet Muş said that the ratio of exports to imports in the country reached 93.4 percent last month and that Turkey will reach a trade surplus soon. …

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• 1 November 2021 4:42 pm

  UK Final Manufacturing PMI Revised Higher to 57.8

  

  The UK manufacturing sector activity expanded in October, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher from 57.7 to 57.8 in October, beating expectations of 57.7.

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• 1 November 2021 2:48 pm

  Is the US Dollar Awaiting a Strong Rise?

  

  The dollar rose in early European trade on Monday, extending gains from the previous session after strong inflation numbers reinforced monetary policy tightening at this week’s Federal Reserve meeting. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 94.243, just below …

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• 1 November 2021 1:58 pm

  European Shares Start November With New Highs

  

  European shares hit record highs on Monday, starting November with strong momentum on the positive business results, and the best performance of eurozone markets came in early trading. The pan-European STOXX 600 index rose 0.8% by 0829 GMT, surpassing its all-time high in mid-August. Global sentiment is supported by a …

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• 1 November 2021 1:54 pm

  Market Drivers – Asian Session 01-11-2021

  

  Monday’s Asian session was calm. The Nikkei index posted its biggest gain in more than 4 months, up 2.61% to 29,647 points, its highest since late September. The broader Topix index rose 2.18%, reaching its highest level in a month at 2044.72 points. Gold traded at $1,783.01 an ounce after …

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• 1 November 2021 1:08 pm

  Dollar Strength Keep Gold Under $1800 an Ounce

  

  Gold prices stabilized Monday, November 1 as pressure from the US dollar continued, while investors cautiously awaited the US Federal Reserve meeting after data showed another spike in inflation. The dollar settled near a more than two-week high hit on Friday, making gold less attractive to buyers of other currencies. …

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• 1 November 2021 12:32 pm

  Japanese Shares at The Highest Level in a Month

  

  Japanese stocks surged to a one-month high on Monday, November 1, boosted by expectations of government stability and more fiscal stimulus after Prime Minister Fumio Kishida’s ruling party won a majority in parliamentary elections. Kishida’s conservative Liberal Democratic Party (LDP) retained a majority in the House of Representatives in Sunday’s …

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• 1 November 2021 2:20 am

  Weekly Recap 25-29 Oct

  

  Wall Street The US stock market hit another round of record highs on Friday, as Wall Street appears to have overcome disappointing results from major companies to conclude its best month of the year. The S&P 500 rose 0.19% to close at 4,605.38, the Dow Jones Industrial Average rose 0.25% …

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October, 2021

• 30 October 2021 11:44 am

  Market Drivers – U. S. Session 29-10-2021

  

  Fresh attacks and partisan row are ahead for U. S. economy  as Republicans lawmakers and strategists are capitalizing on news that the economy expanded at a weak pace in Q3 to criticize Biden and Democrats, accusing them of unskilled recovery tactics from the pandemic recession. The U. S. Dollar Index …

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• 30 October 2021 2:18 am

  Squid game crypto skyrockets in first trading days

  

  Gamers created an online version of a program, for which players need Squid cryptocurrency to play. On Tuesday, it was worth 1 cent, but by Friday it exploded in value, hitting $4.39.But Squid has been slammed for not allowing investors to resell their tokens. Squid is what is known as …

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• 30 October 2021 2:02 am

  Strong support at 93.50 pushes USD’s demand

  

  The U. S. Dollar Index rallies 0.86% during the New York session, is at 94.10, short of the 94.30 fresh weekly high. U. S. T-bond yields are falling, with the 10-year benchmark note down two basis points, at 1.545%.The market sentiment is mixed, depicted by European stock indices, splitting between …

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• 30 October 2021 1:35 am

  Macron warns of energy crisis global economic impact

  

  French president Emmanuel Macron has warned that an energy crisis threatens the world’s post-pandemic economic recovery. Macron also called for leaders at a G20 summit in Rome this weekend to work together to stabilize supplies.In an interview, the French president also urged bigger financial commitments towards the fight against global …

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