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Market Analysis

November, 2021

  • 5 November 2021 8:56 pm

    Wall Street Shares Surge After Solid NFP Report

    Stocks broadly surged on Friday afternoon trading on Wall Street as investors and traders welcomed news of rebounding hiring by U.S. employers throughout October.The Dow Jones Industrial Average rose 225 points, or 0.6%, to 36,347 and the Nasdaq rose 0.6%, whereas S&P 500 rose 0.6%. More than 80% of stocks …

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  • 5 November 2021 8:35 pm

    Biden Praises NFP Data

    U. S. President Joe Biden praised the October jobs report on Friday, saying the strong gains in employment and the falling unemployment rate are evidence that his economic plan is working.Despite the recent job gains, inflation and a global supply chain crisis continue to haunt several Americans’ sentiments about the …

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  • 5 November 2021 8:25 pm

    Silver Higher, Gold retests $1,800 after Positive NFP Data

    Silver (XAG/USD) advances for the second successive session, up 1.08% trading at $24.02 during the New York session. On Friday, the U. S. Bureau of Labor Statistics revealed its Nonfarm Payrolls report for October, which reported the creation of 531000 new jobs added to the U. S. economy, higher than …

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  • 5 November 2021 7:30 pm

    EUR/USD declines below 1.1520 after NFP data

    The EUR/USD pair slid under renewed pressure and touched its weakest record level of 2021 below 1.1520 on Friday after the US jobs report showed that Nonfarm Payrolls rose by 531,000 in October, surpassing the market consensus of 425,000.The latest rebound in EUR/USD seems to be a technical correction with …

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  • 5 November 2021 6:26 pm

    Market Drivers – European Session 05-11-2021

    The European session witnessed the release of many market-moving data. Nonfarm Payrolls (NFP) in the US rose by 531,000 in October, this reading came in better than the market expectation of 425,000. September’s print got revised higher to 312,000 from 194,000. The Unemployment Rate declined to 4.6% from 4.8% in …

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  • 5 November 2021 5:29 pm

    Canada Unemployment Rate Edges Lower

    The Unemployment Rate in Canada edged lower to 6.7% in October from 6.9% in September, the data published by Statistics Canada showed on Friday. Net Change in Employment arrived at +31.2K in the same period, beating the market expectation of 19.3K.

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  • 5 November 2021 4:35 pm

    U.S. Nonfarm Payrolls Rise in October

    Nonfarm Payrolls (NFP) in the US rose by 531,000 in October, the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in better than the market expectation of 425,000. Additionally, September’s print got revised higher to 312,000 from 194,000. The unemployment rate fell to …

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  • 5 November 2021 4:15 pm

    NFP Preview: Forecasts From Four Major Banks

    NFP is set to be released on Friday, November 5 at 12:30 GMT. here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data SocGen “In our forecast for a 520K job increase in October, the first consideration is a neutral contribution from …

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  • 5 November 2021 3:23 pm

    European Shares Stabilize After a Rally

    European shares were little changed on Friday after climbing to the highest level in previous sessions, and the impact of losses in energy and materials stocks overshadowed the dispelling of concerns about monetary tightening around the world. The pan-European Stoxx 600 index rose 0.05 percent, rising for the seventh consecutive …

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  • 5 November 2021 2:51 pm

    Market Drivers – Asian Session 05-11-2021

    It was a bit quiet on Friday as the markets awaited employment data from the US due to be released on Friday. The Nikkei index lost 0.61% to close at 29611.57 points, after rising 0.15% earlier in the session after a strong closing of the major US indices. The broader …

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  • 5 November 2021 2:13 pm

    German Industrial Output to Fall Unexpectedly

    German industrial output fell unexpectedly in September, as supply problems related to raw materials and commodities continued to affect production in Europe’s largest economy. Germany’s Federal Statistics Office said industrial output fell 1.1% month over month after an upwardly revised 3.5% drop in August. A Reuters poll had forecast industrial …

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  • 5 November 2021 1:37 pm

    Japan Shares Close Lower, But Record Gains For The Second Week in a Row

    Japanese stocks fell at the end of the last sessions of the week, affected by doubts about the expectations of local companies, while technology shares recorded gains, tracking the rise of the Nasdaq index, which limited losses. The Nikkei index lost 0.61% to close at 29611.57 points, after rising 0.15% …

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  • 5 November 2021 5:01 am

    Investors Await RBA’s Monetary Policy Statement

    RBA

    Any changes in the RBA’s monetary policy statement report is expected to affect the AUD volatility. If the RBA statement shows a hawkish trend, that is seen as positive for the AUD, while a dovish outlook is seen as negative.The Reserve Bank of Australia’s monetary policy statement will be released …

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