Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 5 November 2021 6:26 pm

  Market Drivers – European Session 05-11-2021

  

  The European session witnessed the release of many market-moving data. Nonfarm Payrolls (NFP) in the US rose by 531,000 in October, this reading came in better than the market expectation of 425,000. September’s print got revised higher to 312,000 from 194,000. The Unemployment Rate declined to 4.6% from 4.8% in …

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• 5 November 2021 5:29 pm

  Canada Unemployment Rate Edges Lower

  

  The Unemployment Rate in Canada edged lower to 6.7% in October from 6.9% in September, the data published by Statistics Canada showed on Friday. Net Change in Employment arrived at +31.2K in the same period, beating the market expectation of 19.3K.

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• 5 November 2021 4:35 pm

  U.S. Nonfarm Payrolls Rise in October

  

  Nonfarm Payrolls (NFP) in the US rose by 531,000 in October, the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in better than the market expectation of 425,000. Additionally, September’s print got revised higher to 312,000 from 194,000. The unemployment rate fell to …

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• 5 November 2021 4:15 pm

  NFP Preview: Forecasts From Four Major Banks

  

  NFP is set to be released on Friday, November 5 at 12:30 GMT. here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data SocGen “In our forecast for a 520K job increase in October, the first consideration is a neutral contribution from …

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• 5 November 2021 3:23 pm

  European Shares Stabilize After a Rally

  

  European shares were little changed on Friday after climbing to the highest level in previous sessions, and the impact of losses in energy and materials stocks overshadowed the dispelling of concerns about monetary tightening around the world. The pan-European Stoxx 600 index rose 0.05 percent, rising for the seventh consecutive …

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• 5 November 2021 2:51 pm

  Market Drivers – Asian Session 05-11-2021

  

  It was a bit quiet on Friday as the markets awaited employment data from the US due to be released on Friday. The Nikkei index lost 0.61% to close at 29611.57 points, after rising 0.15% earlier in the session after a strong closing of the major US indices. The broader …

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• 5 November 2021 2:13 pm

  German Industrial Output to Fall Unexpectedly

  

  German industrial output fell unexpectedly in September, as supply problems related to raw materials and commodities continued to affect production in Europe’s largest economy. Germany’s Federal Statistics Office said industrial output fell 1.1% month over month after an upwardly revised 3.5% drop in August. A Reuters poll had forecast industrial …

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• 5 November 2021 1:37 pm

  Japan Shares Close Lower, But Record Gains For The Second Week in a Row

  

  Japanese stocks fell at the end of the last sessions of the week, affected by doubts about the expectations of local companies, while technology shares recorded gains, tracking the rise of the Nasdaq index, which limited losses. The Nikkei index lost 0.61% to close at 29611.57 points, after rising 0.15% …

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• 5 November 2021 5:01 am

  Investors Await RBA’s Monetary Policy Statement

  

  Any changes in the RBA’s monetary policy statement report is expected to affect the AUD volatility. If the RBA statement shows a hawkish trend, that is seen as positive for the AUD, while a dovish outlook is seen as negative.The Reserve Bank of Australia’s monetary policy statement will be released …

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• 5 November 2021 4:42 am

  Market Drivers – U. S. Session – 04-11-2021

  

  Inflation is still the one issue that irritates fiscal policymakers and the officials of the central banks across the Atlantic.On Thursday’s session, the U. S. dollar was the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals. On the other …

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• 5 November 2021 4:37 am

  Bitcoin demand slowed in Q3 but surged in October

  

  Square Inc. reported, Thursday, lower-than-expected revenue for Q3 as less volatile pricing for bitcoin has a significant impact on demand, though the company’s chief financial officer noted “strength” in volume during October.The company posted a break-even Q3, after earning $37 million, or 7 cents a share, in the year-earlier quarter. …

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• 5 November 2021 3:07 am

  U. S. Dollar returns with retribution

  

  On Thursday’s session, the U. S. dollar is the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals.On the other hand, safe-haven assets edged higher against the USD, although without breaking any critical level.The Bank of England had a monetary …

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• 5 November 2021 1:27 am

  Bank shares severely beaten as Treasury yields fall

  

  Financial shares were suffering a broad beating Thursday, as Treasury yields sank in the wake of the Federal Reserve’s detailing of its tapering plans. As the Bank of England held off on an expected rate hike, the SPDR Financial Select Sector ETF dropped 2.0% with 61 of 65 equity components …

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