Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 5 November 2021 12:33 am

  CAD at mercy of oil price fluctuations

  

  USD/CAD is currently trading at highs of the day slightly tend to uptrend to 1.2450 per barrel mark, sharply up from Asia Pacific session lows around the 1.2400 level, the pair is trading as a function of oil prices more than anything else. Crude oil prices have reversed sharply from …

  Read More »
• 4 November 2021 10:10 pm

  Powell and Lagarde to markets: Hold your rate horses

  

  All expectations that tightening signals by BoC and RBA would push the world’s biggest monetary policy actors to accelerate their own timelines for rate hikes ran into a wall with the U. S. Federal Reserve and European Central Bank saying they would not hike interest rates so fast.Rate futures and …

  Read More »
• 4 November 2021 9:40 pm

  GBP Hammered After BoE’s Statement

  

  The British pound was hit rather hard during the course of the trading session on Thursday as the Bank of England has decided not to raise interest rates. Although the market had been trying to price in some type of hike, the question now is whether or not 1.35 can …

  Read More »
• 4 November 2021 8:52 pm

  Labour shortage Threatens U. S. economic recovery

  

  After enhanced unemployment benefits expired and schools re-opened, workers were expected to go back to work and the U. S. labor shortage was also expected to ease significantly by September. But recent data suggest that the shortage is getting more severe.Though the risk of a severe shortage continuing into 2022 …

  Read More »
• 4 November 2021 8:20 pm

  Domestic Demand Boosts U. S. Imports

  

  Solid domestic demand in the U. S. has caused import growth to outpace exports for the most of the past year, according to Wells Fargo.Analysts pointed out that with consumption slowly rebalancing back toward services spending, imports should eventually slow and provide some relief at U. S. largest ports. Industrial …

  Read More »
• 4 November 2021 7:25 pm

  WTI crude oil reacts to OPEC’s decision by retreating to $81

  

  As widely anticipated, OPEC+ has agreed to stick to their existing plan to increase output by 400K barrels per day/month in December. Despite this news, trade has been uneven over the last hour, with oil prices having fallen back sharply from earlier highs. Front-month WTI futures, which were above $83.00 …

  Read More »
• 4 November 2021 6:46 pm

  Market Drivers – European Session 04-11-2021

  

  The markets saw some moves during the European session on Thursday. The main drivers of the markets were the British interest rate decision. The dollar rose again as the market continued after the FOMC meeting, with the dollar significantly outperforming all currencies except the yen. The Bank of England’s (BoE) …

  Read More »
• 4 November 2021 5:55 pm

  BoE’s Andrew Bailey Speech Highlights

  

  Following the Bank of England’s (BoE) decision to leave the policy rate and the Asset Purchase Facility unchanged at 0.1% and £895 billion, respectively, BoE Governor Andrew Bailey is delivering his remarks on the policy outlook. “Cannot give a fixed time span for ‘transitory’ inflation.” “Unemployment is not expected to …

  Read More »
• 4 November 2021 5:08 pm

  US: Weekly Initial Jobless Claims Decline to

  

  There were 269,000 initial claims for unemployment benefits in the US during the week ending October 30, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 283,000 (revised from 291,000) and came in better than the market expectation of …

  Read More »
• 4 November 2021 4:11 pm

  Bank of England Leaves Policy Rate Unchanged

  

  The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.1% following the November policy meeting. in line with the market consensus, market pricing was pointing out to a 50% chance of a 15 basis points rate hike.

  Read More »
• 4 November 2021 3:59 pm

  BoE Press Conference: Governor Bailey Speech Live stream – November 4

  

  Governor Andrew Bailey will deliver his remarks on the monetary policy decisions in a press conference at 12:30 GMT on Thursday, November 4.

  Read More »
• 4 November 2021 3:07 pm

  German Factory Orders Rebound in September

  

  The German Factory Orders rebounded less than expected in September, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse seems to be losing momentum. Contracts for goods ‘Made in Germany’ jumped 1.3% on the month vs. 2.0% expected and -7.7% last, the latest data published by the …

  Read More »
• 4 November 2021 2:28 pm

  Oil Falls to Its Lowest Level in 4 Weeks

  

  Oil prices fell to their lowest level in nearly four weeks on Wednesday after a larger-than-expected increase in US crude stocks, although gasoline stocks in the world’s largest consumer, the United States, sank to a four-year low. The global benchmark Brent crude contracts fell $2.73, or 3.2 percent, to settle …

  Read More »