Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 16 November 2021 2:58 am

  AUD/USD Pauses Awaiting RBA Minutes

  

  AUD/USD fades after two successive day gains. The pair has been pressured around 0.7345 at the start of Tuesday’s Asian session.The AUD overcame firmer US Dollar Index and Treasury yields to mark a positive week’s start before easing from 0.7371 ahead of the RBA’s latest monetary policy meeting minutes and …

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• 16 November 2021 2:49 am

  Biden Signs Infrastructure Bill Into Law

  

  The bipartisan $1.2 trillion infrastructure bill has been signed into law by US President. Roads and bridges represents $110 billion investment, below the $159 billion initially requested per Biden’s Jobs Plan.The White House says it would be the largest dedicated bridge investment since the 1950s.$16 billion cover major projects as …

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• 16 November 2021 2:02 am

  Tesla Made Significant Midday Comeback

  

  On Monday, Tesla shares staged a remarkable U. S. session’s midday comeback after selling off in heavy volume. Tesla shares traded down 1% after paring deeper losses of nearly 5%. CEO Elon Musk sold $6.9 billion worth of Tesla shares last week. This is estimated to be one of the …

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• 16 November 2021 1:27 am

  Why Do Markets Await RBA’s Minutes?

  

  The Reserve Bank of Australia will release the minutes of its monetary policy meeting on Tuesday, two weeks after the interest rate decision was announced. The minutes provides a detailed insight on the discussions held between the RBA’s board members on monetary policy and economic conditions that influenced their decision …

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• 16 November 2021 1:20 am

  RBA Warns of High House Prices

  

  Australia’s central bank has admitted that booming house prices are worsening the inequality gap.Before a parliamentary committee’s inquiry on housing affordability on Monday, the RBA confessed that low income Australians would be forcibly pushed into poverty if buying a property becomes increasingly unaffordable.The comments made by RBA assistant governor Luci …

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• 16 November 2021 12:33 am

  Will White House Tap Oil Reserves?

  

  Oil prices slipped to a one-week low on Monday on expectations on supply boost and weaker demand under pressures from recent surge in energy costs, the strong dollar and increasing COVID-19 cases.On Sunday, Senate Majority Leader Chuck Schumer urged Biden’s administration to tap into Emergency Petroleum Reserves (SPR) to lower …

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• 15 November 2021 11:47 pm

  US Shares Bounce Over US and Chinese Data

  

  Major stock indexes edged higher in early trading, then continued to rise boosted by improved Chinese data, led by retail sales’ rising to 4.9% October, compared to the previous reading of 4.4%, above the expected 3.5%.The US data also showed an improvement at the level of the manufacturing sector, which …

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• 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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