Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 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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• 30 October 2021 1:11 am

  

  Fresh attacks and partisan row ahead for U. S. economy 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 and then piling on trillions of dollars …

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• 30 October 2021 12:07 am

  Eurozone growth accelerates

  

  Economic recovery in the Eurozone has stepped up according to new GDP data published today, with the bloc outshining the U. S. and China for the second successive quarter.Growth rose faster than expected to 2.2 per cent in the three months to September, following a rise of 2.1 per cent …

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• 29 October 2021 11:49 pm

  U.S. drillers add oil gas rigs for 15 successive months

  

  U.S. energy firms added oil and natural gas rigs for a 15 successive months in October as oil prices soared to fresh highs, prompting some drillers to return to the drilling sites.The oil and gas rig count, an early indicator of future output, rose two to 544 in the week …

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• 29 October 2021 11:33 pm

  Strong USD pushes XAU/USD below $1,800 despite lower U. S. yields

  

  The Gold Index (XAU/USD) has slid during the New York session, down almost 1%, trading at $1,782. Earlier in the session, gold reached a fresh weekly low at $1,771 but bounced off the lows to stabilize at current levels.Risk-off market sentiment ignited a flight towards safe-haven assets, but it failed …

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• 29 October 2021 10:30 pm

  USD/JPY surpasses 114.00 by Treasury yields

  

  The U. S. dollar regained bullish traction on Friday and is rallying nearly 0.5%, erasing the previous two days’ losses. The USD/JPY is testing levels above 114.00 at the time of writing, after having bounced up from two-week lows at 113.25 on Thursday. Higher inflation expectations and stronger yields are …

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• 29 October 2021 10:02 pm

  German economy unable to keep up with France

  

  It is Eurozone GDP day again and the just released German GDP data shows that private consumption alone is not sufficient for the economy to keep up with fast growing economies like France.Supply chain disruptions will delay the moment for the German economy to return to pre-pandemic levels as it …

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• 29 October 2021 9:25 pm

  Polish and Czech central banks in focus

  

  Next week, central bank meetings in Poland and Czechia will be the main focus. After a higher than expected flash estimate for October inflation in Poland (6.8% vs. 6.4%), Poland’s MPC should not go for a 50bp interest rate hike because of inflation.Inflation is expected to exceed 7% in the …

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