Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 15 November 2021 11:20 pm

  Will Biden’s Pick for Fed Chair Unfold This week?

  

  President Joe Biden is expected to decide as soon as this week whether Jerome Powell will be re-nominated for a second term as Fed Chair or Lael Brainard is Biden’s pick instead.The Wall Street Journal reported that Biden’s meetings with both had only other adviser, National Economic Council Director Brian …

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• 15 November 2021 11:07 pm

  Historic Inflation Ignites Growing Calls to Speed Taper

  

  A growing consensus of market watchers, investors and traders says that the Federal Reserve Bank has to speed up its taper procedures, namely the reduction of asset purchases in light of the fastest inflation in 31 years.The calls, ranging from former New York Fed President Bill Dudley to St. Louis …

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• 15 November 2021 10:57 pm

  Business Experts Urge Biden to Rid of China’s Tariffs

  

  Ahead of President Joe Biden’s virtual summit with Chinese President Xi Jinping, tens of businessmen are calling on Joe Biden to remove tariffs on China to help ease historic levels of inflation.The business community warned tariffs on China and retaliatory levies are hurting U. S. companies, industries and families by …

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• 15 November 2021 10:42 pm

  BoE Governor Extremely Uneasy About Spiking Inflation

  

  Andrew Bailey, governor of the Bank of England, declared before members of the Parliament that he is ‘very uneasy’ about the UK’s inflation situation, in comments that suggest he could vote for an interest rate rise soon.Testifying to the Treasury Committee, Bailey said this month’s vote to leave interest rates …

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• 15 November 2021 9:53 pm

  Article 16 Drags UK and EU to Brinkmanship

  

  Relations between the UK and EU have been tattered due to the brinkmanship over the British threats to trigger an emergency clause known as Article 16 of the Northern Ireland Protocol. European Commission’s Maros Sefcovic said the EU will consider all tools at its disposal if the UK Government triggers …

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• 15 November 2021 9:37 pm

  GBP/USD Fails First Attempt To Break Critical Number

  

  GBP/USD pair is attempting to correct a daily bearish impulse and is trading 0.18% higher on Monday’s session. GBP/USD has travelled from as low as 1.3402 to a high of 1.3449, scoring the high in recent trade as bulls take on daily resistance with 1.3480 eyed. The sterling has been …

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• 15 November 2021 9:22 pm

  ECB’s de Guindos: Inflation Could Last Longer Than Expected

  

  Reiterating the ECB’s well-known stance on inflation, ECB’s de Guindos said that the current phase of higher inflation, which partly reflects an increase in energy prices and supply constraints, could last longer than expected only some months ago. Supply shortages may dampen activity while pushing up prices, adding to the …

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• 15 November 2021 7:30 pm

  USD/CAD slumps as T-bond yields fall

  

  After reaching four-week highs, the USD/CAD pair has slumped for the second successive session down 0.18%, the pair is now trading at 1.2524 during on Monday.The fall is mainly driven by US dollar’s current weakness, caused by a weaker than expected University of Michigan consumer sentiment that plummeted to a …

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• 15 November 2021 6:36 pm

  US Stock Futures Are Marginally Higher in Today’s Trading

  

  Futures rose during the last hour of trading, with the Dow Jones DJIA gaining about 102 points, the S&P 500 futures gaining about 10 points, and the Nasdaq 100 futures contracting up about 38 points. US stock futures settled in early morning trading on Monday, after the Standard & Poor’s …

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• 15 November 2021 5:46 pm

  The Dollar is Down From Its Highest Level in 16 Months

  

  The dollar was lower on Monday, retreating from a 16-month high, as traders looked for fresh clues about the Federal Reserve’s thinking about the timing of an interest rate hike. The dollar index, which measures the greenback against a basket of six other currencies, was down 0.1% at 95.073, retreating …

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• 15 November 2021 3:59 pm

  European Shares Fall on Fears of Closing And Mining Stocks Decline

  

  European shares got off to a lukewarm start to the week as investors worried they might resort to shutdowns again to contain COVID-19, with miners the biggest losers in the wake of the metals price crash after China promised to phase out coal at the COP26 climate summit. The Stoxx …

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• 15 November 2021 3:06 pm

  Market Drivers – Asian Session 15-11-2021

  

  Calm dominated the Asian session. Data released by the National Statistics Authority on Monday showed a 4.9 percent year-on-year increase in China’s retail sales of consumer goods in October. The total value of retail consumer goods sales in the country reached about 4.05 trillion yuan (about 633 billion US dollars) …

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• 15 November 2021 2:53 pm

  China: 4.9% Increase in Retail Sales in October

  

  Data released by the National Statistics Authority Monday showed a 4.9 percent year-on-year increase in China’s retail sales of consumer goods in October. The total value of retail consumer goods sales in the country reached about 4.05 trillion yuan (about 633 billion US dollars) in October, the authority said. The …

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