Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 12 November 2021 2:11 pm

  Oil Falls as The Dollar Rises on Bets That The Fed Will Raise Interest Rates

  

  Oil prices fell on Friday, erasing gains made in the previous session, as the dollar continued to rise on bets that the US central bank would present plans to raise interest rates to curb inflation. In Asian trading, US West Texas Intermediate crude futures fell 26 cents, or 0.3%, to …

  Read More »
• 12 November 2021 12:25 pm

  Japanese Stocks Close Higher

  

  Technology shares supported the Tokyo Stock Exchange to close higher, with investors eager to buy, but the rise in the Tokyo Stock Exchange was lagged by global shares on concerns about the impact of increased costs on corporate profits. The Nikkei index rose 1.13%, recording 2,9609.97 points, to continue its …

  Read More »
• 12 November 2021 3:07 am

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

  

  Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …

  Read More »
• 12 November 2021 2:33 am

  October’s NZ Manufacturing PMI Surges

  

  New Zealand’s key sub-indices of production; namely Purchasing Managers’ Index (PMI) for the manufacturing sector (rose to 54.0) from prior reading at 51.4 and New Orders (53.9) were both in positive territory for the first time since July. Deliveries (59.9) led the way towards catching up on the economic activity, …

  Read More »
• 12 November 2021 2:19 am

  OPEC Depressed Production Target In October

  

  OPEC’s crude oil production rose by 217,000 barrels per day to 27.453 million bpd in October, but still fell short of its share of the 400,000-bpd total output hike of the OPEC+ .Under the OPEC+ deal, the ten OPEC members bound by the OPEC+ pact should be raising their combined …

  Read More »
• 12 November 2021 1:30 am

  The Dollar Still Gains as CPI Sparks Concerns

  

  The euro declined, Thursday, as the USD rose on the back of the strongest U.S. inflation reading in over 30 years fueling expectations of Fed interest rate hikes next year. U.S. CPI data showed the biggest gain in four months, lifting the annual increase to 6.2%, the strongest year-on-year rise …

  Read More »
• 12 November 2021 1:05 am

  S&P 500 Stabilizes With Gains

  

  Trading conditions on Thursday were limited, with many investors away for Veteran’s Day. Bond markets have been closed. The S&P 500 index started the U. S. session above 4660 but has gradually been lower to around the 4650 mark, where it trades with one the day gains of about 0.1%. …

  Read More »
• 12 November 2021 12:37 am

  Wheat prices highest since 2012

  

  Wheat prices have climbed above $8 per load for the first time in nearly nine years, with demand for the major commodity rising and supplies expected to end the 2021-2022 marketing year at their lowest in more than 10 years.Global demand remains robust at record, or near-record, levels, with foreign …

  Read More »
• 11 November 2021 11:13 pm

  Will Germany Impose Lockdown Again?

  

  Germany was once looked upon as a best example of how to deal with the coronavirus. Now, it is recording close to 50,000 new Covid cases a day, prompting a dire warning of a dramatic rise in fatalities during the fourth wave of Covid, as the delta variant spreads as …

  Read More »
• 11 November 2021 10:35 pm

  Gold surpasses cryptos as cheap inflation hedge

  

  Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …

  Read More »
• 11 November 2021 9:56 pm

  WTI awaits potential SPR Release

  

  Oil prices are consolidating on Thursday ahead of the U. S. open, with front-month futures contracts of the American benchmark for WTI, swinging either side of the $81.00 per barrel mark. Subdued trading conditions are not too surprising given thin liquidity conditions in U. S. markets, Thursday’s consolidation comes after …

  Read More »
• 11 November 2021 9:01 pm

  U. S. Deficit Narrowed in October, Ahead of Debt-Ceiling Debate

  

  U. S. Monthly deficit shrank versus 2020, as government collected more revenue and pulled back on spending.As lawmakers prepare for another hike in the debt ceiling, it remains important to explain why it is economically feasible for the U.S. to keep borrowing, as long as interest rates stay low, partly …

  Read More »
• 11 November 2021 8:25 pm

  Eurozone recovery hit by high energy costs

  

  The European Commission raised its growth forecast for the year for the 19 countries using the euro, saying Thursday that the economy was bouncing back from the worst of the coronavirus pandemic as people went back to work in consumer-facing jobs.However, the EU’s executive branch lowered its outlook for next …

  Read More »