Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 10 November 2021 5:31 pm

  Dollar Rises Slightly Ahead of US Inflation Data

  

  The dollar rose slightly against the major currencies on Wednesday after falling in the past three days, as investors are reluctant to take risks ahead of US inflation data that may shed some light on when the Federal Reserve may raise interest rates. Economists polled by Reuters expect CPI data …

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• 10 November 2021 4:06 pm

  Google Was Fined $2.8 Billion

  

  The General Court of the European Union has ruled that the European Commission was right about fining Google for its antitrust breach. The ruling comes after the European Commission, the EU’s executive arm, said in 2017 that Google favored its comparison shopping services and fined the company 2.42 billion euros …

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• 10 November 2021 3:28 pm

  European Shares Rise With on Oil

  

  European shares rose to near all-time highs on Wednesday, as a jump in oil stocks and positive results for companies including chip company Infineon helped offset the impact of inflation concerns. The pan-European STOXX 600 index rose 0.1 percent and energy stocks rose 1.2 percent, after a boost to oil …

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• 10 November 2021 2:34 pm

  Market Drivers – Asian Session 10-11-2021

  

  The Asian session did not witness violent volatility and the markets are now waiting for inflation data from the US. China on Wednesday floated euro-denominated sovereign bonds, raising 4 billion euros ($4.62 billion), three weeks after issuing billions of dollars in dollar-denominated bonds. The Chinese Ministry of Finance said that …

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• 10 November 2021 1:44 pm

  Turkey’s Unemployment Rate Fell in September

  

  Data released on Wednesday showed that Turkey’s unemployment rate fell to 11.5 percent in September from 11.8 percent the previous month, while the seasonally adjusted disguised unemployment rose to 21.9 percent from 21.7 percent. Disguised unemployment rose at the beginning of the year, approaching its peak at the time of …

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• 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, …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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