Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 10 November 2021 12:52 pm

  Oil Rises Due to a Sudden Drop in US Crude Stocks

  

  Oil prices rose on Wednesday, continuing the strong gains recorded in the previous session, after data in the sector revealed that US crude stocks fell unexpectedly last week, with travel demand starting to recover in the short term with the easing of pandemic restrictions. Brent crude futures rose 44 cents, …

  Read More »
• 10 November 2021 3:29 am

  Market Drivers – U. S. Session – 09-11-2021

  

  Bitcoin’s rally weakened on Tuesday, suggesting that buyers took some profits at around the $68,500 all-time price high. Despite a short-term retreat, upward price targets are expectedfor both BTC and ETH over the next month.There is a positive sentiment that often prevail the crypto markets near every year’s end. Price …

  Read More »
• 10 November 2021 2:24 am

  Traders Prepare for Next Bitcoin Highs

  

  Bitcoin’s rally weakened on Tuesday, suggesting that buyers took some profits at around the $68,500 all-time price high.The cryptocurrency is currently up by about 5% over the past week, compared with a 3% rise in ether over the same period.Despite a short-term retreat, upward price targets are expectedfor both BTC …

  Read More »
• 10 November 2021 1:50 am

  Gold Prices React to U.S. PPI Report

  

  On Tuesday, Gold prices continued to trend higher after breaking since Friday. Despite the USD’s holding steady, the decline in U.S. treasury yields buoyed the precious metal. The solid U.S. PPI report released on Tuesday by the Labor Department showed that part of wholesale inflation is decelerating.Heavy buying trend of …

  Read More »
• 10 November 2021 1:17 am

  U. S. Shares Threaten to End 8 Day Gains

  

  U.S. shares retreated back from record levels on Tuesday’s U. S. session, threatening to disrupt an eight-day gaining sessions for the S&P 500 Index, the first time since 1955. The benchmark index fell by 0.5% in afternoon trading. The S&P 500 pulled back to end an 8-session winning line of …

  Read More »
• 10 November 2021 12:38 am

  Will Lael Brainard be Powell’s Successor as Fed Chair?

  

  The biggest signal that Federal Reserve Governor Lael Brainard is a major candidate to succeed Jerome Powell as U. S. Fed Chair has generated a wave of speculations over how financial markets would react if Biden announced her as his nominee.The longest wait for the announcement in the modern era …

  Read More »
• 10 November 2021 12:29 am

  Investors Eye Fresh Jobless Readings

  

  The Initial Jobless Claims for the week ending on November 6 will be revealed on Wednesday. New weekly jobless claims are expected to touch a fresh pandemic-era low again this week, as labour shortages and companies’ endeavors to bring about change and retain workers are helping to put a cap …

  Read More »
• 10 November 2021 12:12 am

  BRIEXIT, Article 16 Warn GBP Traders

  

  The start of the current week came with renewed fears of a Brexit showdown as the United Kingdom has threatened to trigger emergency unilateral provisions in the Brexit divorce deal widely known as Article 16.Article 16 is a clause in the Protocol on Ireland/Northern Ireland, a key part of the …

  Read More »
• 10 November 2021 12:00 am

  WTI jumps sharply on STEO report

  

  U. S. WTI sharply advances in the New York session, up by almost 2%, trading at $82.93 per barrel. Earlier, Tuesday, oil retreated under the $81.00 psychological figure, but later found support at the 1-hour 50-simple moving average at $80.99, which capped the downward pressure on the U. S. crude …

  Read More »
• 9 November 2021 11:46 pm

  Wednesday’s CPI Data Helps Investors Conceptualize U. S. Inflation

  

  On Wednesday, the U. S. economic scene will witness the latest release of the Consumer Price Index, CPI, for October. This data is awaited by investors and traders, as the Federal Reserve dovish tone spurred a selloff in the bond market, while US Treasury yields fall.CPI is unlikely to offer …

  Read More »
• 9 November 2021 10:47 pm

  Will Wednesday’s CPI Impact EUR/USD?

  

  The U. S. dollar was wavering between 93.90 and 94.10 in the New York session after data showed US producer prices increased solidly in October. While this was indicating that high inflation could persist for a while amid tight supply chain difficulties related to the pandemic, there were no great …

  Read More »
• 9 November 2021 10:30 pm

  Fed’s Daly: Prices will moderate as U. S. gets through pandemic

  

  San Francisco Fed President Mary Daly was speaking at the National Association of Business Economists virtual meeting.Daly said it is too early to know how far the US economy is from full employment, adding that there won’t be better clarity until the middle of next year.“It’s going to take time …

  Read More »
• 9 November 2021 10:12 pm

  BOE & ECB Interest Rate Expectations Updates

  

  Rate hike chances are gaining more appeal throughout financial markets for the BOE after the November meeting, given the actual inflation profile, in which there was a 95%+ chance of a 15-bps hike. The European Central Bank has made clear that it does not intend on raising rates anytime soon, but …

  Read More »