Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 3 November 2021 11:05 pm

  Powell’s Key Comments on Inflation, Employment Figures

  

  Following the Federal Open Market Committee’s (FOMC) decision to keep the policy rate unchanged and to taper the asset purchases program by $15 billion per month, FOMC Chairman Jerome Powell is delivering his comments on the policy outlook, and notably inflation and employment: Following is a compilation of Jerome Powell’s …

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• 3 November 2021 10:44 pm

  Interest Rate Unchanged, Fed to Start Taper by $15 Billion

  

  The Federal Reserve said it will begin winding down its monthly asset purchases later this month at a pace of $15 billion per month, while expressing less certainty that the jump in inflation will prove temporary. The Fed said it would reduce Treasury purchases by $10 billion and mortgage-backed securities …

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• 3 November 2021 10:28 pm

  Wall Street mixed as focus shifts to taper decision

  

  U.S. shares and major indexes traded mixed in a narrow range on Wednesday as investors begin to digest the Federal Reserve’s withdrawal of its pandemic-era support, while Activision Blizzard slid on a leadership change.Six of the 11 major S&P sectors fell, with energy and industrials declining the most. The banking …

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• 3 November 2021 10:17 pm

  FOMC effects taper starting mid-November

  

  The U. S. Federal Reserve announced on Wednesday that it will start tapering its asset purchases program by $15 billion in mid-November.The Federal Open Market Committee (FOMC) announced that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. More importantly, the …

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• 3 November 2021 9:09 pm

  Treasuries yields rise ahead of FOMC statement

  

  U.S. Treasury yields were mostly higher in uneven trading session on Wednesday as the market awaits the Federal Reserve’s likely action to commence tapering asset purchases while digesting news that upcoming debt auction sizes will be cut. The benchmark 10-year yield, which fell to a 2-1/2-week low of 1.519% earlier …

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• 3 November 2021 8:54 pm

  FOMC to announce start of QE withdrawal

  

  Wednesday brings to the financial markets a highly important meeting. It is the awaited Fed meeting since May or June.When the Federal Reserve wraps up its meeting, the central bank is expected to announce that it will begin to wind down one of its biggest and most unprecedented market interventions …

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• 3 November 2021 8:11 pm

  September U.S. factory orders increase 0.2% amid shortages

  

  Orders for goods produced by U.S. factories rose 0.2% in September according to a governmental announcement on Wednesday. Orders for durable goods slid 0.3%, but the decline was offset by a 0.8% increase in orders for nondurable goods. U.S. manufacturers have plenty of demand, but they are encountering trouble finding …

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• 3 November 2021 8:01 pm

  U.S. Services Gauge Progresses to Record High

  

  U.S. service providers expanded at a record pace in October, this surge comes on the back of resilient demand and stronger business activity as the impact of the delta variant faded.The Institute for Supply Management’s services index advanced to 66.7 last month, exceeding all expectations, from 61.9 in September, data …

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• 3 November 2021 7:35 pm

  USD/CAD touches fresh high around 1.2450 ahead of FOMC

  

  USD/CAD surges during the New York trading session, up 0.06%, trading at 1.2424 as portrayed by European and US equity indices fluctuating between gainers and losers, the market sentiment is subdued ahead of the Federal Reserve’s November meeting.Retreating crude oil prices, with WTI falling by almost 3.5%, impacted the oil-linked …

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• 3 November 2021 7:18 pm

  WTI slid near 81.00 over EIA report

  

  Prices of the barrel of the U. S. benchmark for the sweet light crude oil have remained on the defensive and approach the $81.00 mark midweek.Crude oil prices lose ground for the second successive session on Wednesday and threaten to breach the $81.00 mark per barrel following another unexpected build …

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• 3 November 2021 5:31 pm

  U.S. Stock Futures Are Almost Flat, Awaiting The Fed

  

  US stock futures were almost flat in morning trading on Wednesday as investors awaited a decision from the Federal Reserve on its move to start tapering, and the Dow Jones Industrial Average futures fell 51 points. S&P 500 futures were flat, Nasdaq 100 futures rose slightly, and the three major …

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• 3 November 2021 5:07 pm

  U.S. Private Sector Employment Rises in October

  

  Employment in the US’ private sector rose by 571,000 in October, the monthly data published by the Automatic Data Processing (ADP) Research Institute showed on Wednesday. This reading followed September’s print of 523,000 and was better than the market expectation of 400,000. Gold is now recording 1,785.47, down 0.13%, while …

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• 3 November 2021 4:08 pm

  The Turkish Lira Continues to Slide

  

  The Turkish lira consolidated its strong losses against the US dollar today, especially with the release of Turkish inflation data, which showed that inflation continues to rise significantly. The Turkish lira clearly declined, bringing the dollar lira pair to a new record level at 9.8510, and is currently trading at …

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