Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 17 November 2021 4:43 pm

  The Dollar is Near Multi-Month Highs

  

  The dollar traded higher on Wednesday, benefiting from the strong retail sales during the previous session, while the Pound rallied after the release of sharp inflation that signaled a December rate hike from the Bank of England. The dollar index, which measures the greenback against a basket of six other …

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• 17 November 2021 4:16 pm

  Target Exceeding Expectations at About $3 Per Share

  

  Target said fiscal third-quarter 2021 sales jumped 13% as shoppers head for Halloween costumes and back-to-school supplies and look for holiday gifts early. Earnings per share amounted to $3.03, adjusted against expectations of $2.83, and the company recorded revenues of $25.65 billion, compared to $24.78 billion.

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• 17 November 2021 3:37 pm

  European Stocks Continue Their Gains For The Sixth Day

  

  European shares rose Wednesday, November 17th for the sixth day in a row, approaching their highest levels ever, as some positive business results helped to overcome fears of increasing inflation pressures caused by higher natural gas prices. The Stoxx600 rose 0.1%, after better-than-expected US retail trade data lifted shares on …

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• 17 November 2021 2:29 pm

  Gold Rises as Inflation Risks Persist

  

  Gold prices rose on Wednesday, as concerns about inflation kept some investors wary, but the gains were limited by expectations that higher prices could prompt central banks to raise interest rates, which also lifted the dollar. And gold rose in spot transactions 0.6 percent to $ 1860.21 an ounce by …

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• 17 November 2021 1:06 pm

  UK Annualized CPI Beats Estimates October

  

  The UK Consumer Prices Index (CPI) 12-month rate came in at 4.2% in October when compared to 3.1% booked in September while beating expectations of 3.9%, the UK Office for National Statistics (ONS) showed on Wednesday. The core inflation gauge (excluding volatile food and energy items) rose by 3.4% YoY …

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• 17 November 2021 1:04 pm

  Japanese Stocks Change Course And Close Lower

  

  Japanese stocks reversed course to close as well on Wednesday 17th November, as concerns about rising costs and a weaker yen outweighed the positive impact of a rally in technology stocks. The Nikkei index fell 0.4% to 2,9688.33 points, while Topix fell 0.6% to 2,038.34 points. Speaking of currency splits, …

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• 17 November 2021 3:44 am

  Markets Drivers – US Session – 16-11-2021

  

  The first virtual Chinese-US summit, Tuesday, shadowed the markets as investors eyed easing tensions between the two world’s biggest economies. US President Joe Biden said that he had a “good meeting” with Chinese counterpart Xi Jinping, in which the two leaders discussed tariff and economic competition among other issues after …

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• 17 November 2021 2:35 am

  WTI Crude Recovers On Cushing Inventories

  

  The American Petroleum Institute (API) reported a small inventory build in crude oil that was just enough to keep the market from panicking because of declining inventories. This week, the API estimated the inventory for crude oil to be 655,000 barrels.U.S. crude inventories are now 60 million barrels below the …

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• 17 November 2021 2:14 am

  UK CPI Data Carries Three Scenarios for GBP/USD

  

  The British pound has a very busy week as traders digest employment data, Tuesday, inflation on Wednesday and retail sales on Friday.Economists expect 3.9% UK inflation for October, strengthening rate hike by BoE’s December meeting to suggest three scenarios:1. Within expectations: A reading between 3.6% to 4.4% meets estimates. In …

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• 17 November 2021 1:11 am

  Biden: Had a “good meeting” with China’s Xi

  

  US President Joe Biden said on Tuesday that he had a good meeting with Chinese President Xi Jinping. Biden said that he and Xi have a lot to follow up on and that their aides would be working together on a range of issues. Biden added that he made clear …

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• 17 November 2021 12:59 am

  Daly: Fed Should Handle Rate Hike Patiently

  

  San Francisco Fed President Mary Daly called for the Federal Reserve to be patient regarding interest rate hikes despite high inflation.In a speech before the Commonwealth Club of California, Daly said that patience is the boldest and best action and that it would be better to wait for more clarity …

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• 17 November 2021 12:47 am

  US Builder Confidence Backed By Soaring Demand

  

  The US National Association of Home Builders said, Tuesday, that builder confidence in the new home sales market increased in November for the third successive month despite several challenges builders are encountering in the construction market as the NAHB/Wells Fargo Housing Market Index rose 3 points from its October level …

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• 16 November 2021 11:43 pm

  GBP/USD Surges By Strong UK Jobs Data

  

  Following Tuesday’s strong retail sales and industrial production readings, the GBP/USD pair has fallen back from earlier session’s highs in the 1.3470s and is back trading around 1.3430s. Earlier during the European trading session, the pair had surged as much as 0.5%, boosted by a strong labour market report that …

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