Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 11 November 2021 5:59 pm

  OPEC: Rising Energy Prices Will Reduce Demand For Oil in Q4

  

  On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in the fourth quarter of this year due to high energy prices but kept its expectations of strong demand growth above pre-pandemic levels in 2022. OPEC said in a monthly report that …

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• 11 November 2021 4:14 pm

  US Stock Futures Rose Marginally Today

  

  US stock futures rose marginally in trading on Thursday, after a massive sell-off in US technology shares. The Dow Jones Industrial Production Index futures rose 41 points, or 0.11%, to 36,033 points, the S&P 500 index rose to 4,656 points, an increase of 14 points, or 0.3%, and the Nasdaq …

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• 11 November 2021 3:06 pm

  EU Commission Sees Eurozone Inflation at 2.4% in 2021

  

  The European Commission expects the eurozone economy to grow by 5% in 2021, 4.3% in 2022, and 2.5% in 2023. According to the Commission, the labor market in the euro area is witnessing a remarkable improvement with the creation of 1.5 million new jobs, and the labor market will complete …

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• 11 November 2021 1:51 pm

  Market Drivers – Asian Session 11-11-2021

  

  Japanese stocks closed higher on Thursday as investors were selective and picked undervalued stocks compared to their latest expectations, while concerns about rising costs weighed on buying. The Nikkei average rose 0.59 percent to 29,277.86 points, after losing 0.2 percent earlier in the session, affected by the decline in US …

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• 11 November 2021 1:30 pm

  The Turkish Lira Plunges to a New Low Due to Inflation Fears

  

  The Turkish lira plunged to a new record low against the dollar on Thursday after higher-than-expected US inflation data exacerbated concerns about a currency already battered by central bank monetary policy. The lira settled at 9.9050 against the dollar, after falling to 9.91 dollars and down 0.6 percent from the …

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• 11 November 2021 12:59 pm

  The Dollar Hits Its Highest Level in 2021

  

  The dollar jumped to a 16-month high against the euro and other major currencies on Thursday, while the yen slipped toward multi-year lows, after the highest US inflation reading in 30 years boosted bets on higher interest rates. Data showed consumer price growth in the United States at the fastest …

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• 11 November 2021 2:10 am

  General Motors Seeing Better Semiconductors Supply

  

  General Motors Co is seeing a better flow of semiconductors, and most of its assembly plants in North America are now back to running regular production, including Mexico, according to GM spokesperson.

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• 11 November 2021 1:52 am

  Biden: Consumer prices too high, inflation priority

  

  Having earlier showed readiness to fight inflation, U. S. President Joe Biden reiterated, Wednesday, that the consumer prices remained too high during early Thursday morning in Asia.“People remain unsettled about economy due to higher prices”, added Biden. He also said “I’m not waiting to sign a bill to improve the …

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• 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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