Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 8 November 2021 9:38 pm

  BoE Won’t Politicize Dealings with Foreign Clearing Houses

  

  The Bank of England will not politicize how it supervises foreign clearing houses with confronting responses to whatever the European Union decides, a senior BoE official said on Monday.Christina Segal-Knowles, the BoE’s executive director for financial market infrastructure, pointed out in a public consultation paper how the central bank will …

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• 8 November 2021 9:21 pm

  Gold hits fresh highs, yields retreat

  

  Gold continues to trade with an uptrend bias on Monday after breaking above key resistance last Friday in the $1814 per ounce. Prices surpassed $1820 earlier in the U. S. session, the highest level in over two months. Gold bulls will now be eyeing a move back to test resistance …

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• 8 November 2021 8:42 pm

  Fed’s Quarles to Resign Before 2022

  

  Paving the way for Biden’s Administration to take further steps in the path remaking the Federal Reserve Bank, Federal Reserve Governor Randal Quarles said he will step down from his post around the end of the current year. The resignation announcement has come a little over a month after ending …

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• 8 November 2021 7:46 pm

  Opening Remarks by Powell before Conference – Full Text

  

  Fed Chair Jerome Powell spoke, Monday, before the “Gender and the Economy Conference”, a symposium hosted by the Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, D.C. (via webcast). Following is the full text of Powell’s speech: Good morning. I am pleased to …

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• 8 November 2021 7:26 pm

  GBP/USD jumps to 1.3530-35 by weaker USD

  

  GBP/USD attracted some buyers on Monday near the mid-1.3400s amidst renewed USD selloff.The prevalent risk-on environment acted as a headwind for the safe-haven USD. Rebounding US bond yields, according to a wide range of investors could limit the USD slide and lead to gains.The dovish BoE and Brexit jargon could …

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• 8 November 2021 6:38 pm

  Market Drivers – European Session 08-11-2021

  

  The European session was largely quiet on Monday. Stock futures were mixed in early morning trading after US market indices closed at record levels on Friday after better-than-expected non-farm payrolls report for October. Futures on the Dow Jones Industrial Production Index rose 85 points, while the S&P 500 Index settled, …

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• 8 November 2021 5:45 pm

  Gold Above 1820 Levels

  

  Gold rose in Monday morning trading in Asia, hitting its highest level in two months. The dollar also gave the yellow metal a boost. Gold continues to rise in these moments, achieving a rise of 0.3% to record 1822.56 dollars an ounce, while gold contracts recorded 1824.45, an increase of …

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• 8 November 2021 4:21 pm

  The US Dollar Is Stable, New Zealand Eases Restrictions

  

  The dollar was broadly flat on Monday and currency markets lacked momentum as investors weighed expectations of price volatility with the extent to which central banks could tolerate inflationary pressures. Last week, the Federal Reserve (the US central bank) stuck to its view that the current high inflation is expected …

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• 8 November 2021 2:30 pm

  Gold Rose to Its Highest Level in Two Months

  

  Gold prices continued to climb to a two-month high on Monday, as investors maintained their view that central banks will continue to maintain low interest rates for the time being. Investors are turning their attention to core inflation data in the US due later this week. And the spot price …

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• 8 November 2021 2:27 pm

  US Bond Yields Rise on Monday Morning

  

  US Treasury yields rose on Monday morning, as investors’ attention turned to inflation data, due for release later in the week, the benchmark 10-year Treasury yield was up 2 basis points to 1.474 percent, and the 30-year Treasury yield added a point. 1 basis at 1.8999% This comes after Treasury …

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• 8 November 2021 1:37 pm

  Market Drivers – Asian Session 08-11-2021

  

  The Asian session was a bit quiet at the start of the week. This morning, the People’s Bank of China set the yuan’s exchange rate against the US dollar at 6.3959 yuan per dollar. Expectations were for the Chinese yuan to stabilize against the dollar at 6.3906 yuan per dollar. …

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• 7 November 2021 5:37 am

  Weekly Recap 01-05 November

  

  All expectations that signals by BoC and RBA could push the world’s monetary policy actors to accelerate their own timelines for interest rate hikes, ran into a solid wall with the U. S. Federal Reserve and European Central Bank announcing they would not hike interest rates so fast, though Fed …

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• 6 November 2021 3:23 am

  Market Drivers – U. S. Session – 05-11-2021

  

  The KSA boosted prices just after refusing to bend to U.S. pressure to pump more crude oil. With OPEC unanimously agreeing to stick to its plans, attention now turns to whether U.S. President Joe Biden will respond.The total active U.S. rig count, which includes those drilling for natural gas, climbed …

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