Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 18 November 2021 8:00 pm

  EIA: Natural Gas Supplies Climb

  

  The US EIA has reported a 26-billion-cubic-foot weekly climb in natural-gas supplies. The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 26 billion cubic feet for the week ended Nov. 12. IHS Markit had forecast an increase of 24 billion cubic feet. Total …

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• 18 November 2021 7:54 pm

  Natural Gas Rebounds On EIA Data

  

  Natural gas futures trimmed losses ahead of the latest round of government inventory data early Thursday as strong liquefied natural gas takeaway continue to support prices.Coming off a 36.1-cent sell-off in the previous session, the December delivery Nymex contract was up 17.7 cents to $4.993/MMBtu.Technical momentum and evidence of strong …

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• 18 November 2021 7:34 pm

  LEI Index Spots U.S. Economy Acceleration

  

  The Conference Board Leading Economic Index® (LEI) for the U.S. increased by 0.9 percent in October to 118.3 (2016 = 100), following a 0.1 percent increase in September and a 0.7 percent increase in August. “The U.S. LEI rose sharply in October suggesting the current economic expansion will continue into 2022 and may …

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• 18 November 2021 5:52 pm

  US Stock Futures Rise Supported by Nvidia Profits

  

  US stocks rose after NVIDIA Group, the world’s most valuable chip maker, reported better-than-expected third-quarter results and gave a positive outlook, Dow futures rose 72 points, or 0.2%, and S&P futures rose 500 by 0.3% and Nasdaq 100 futures are up 0.5%, trading was choppy this week with the major …

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• 18 November 2021 4:31 pm

  CBRT Cuts Policy Rate by 100 Basis Points

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 15% as expected. “Decided to cut rates after evaluating areas that monetary policy can impact.”“Positive impact of policy on commercial loans being seen.”“Evaluated temporary impacts …

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• 18 November 2021 3:48 pm

  European Shares Rise, But Oil And Mining Stocks Decline

  

  European shares rose on Thursday after a solid earnings season that triggered a series of unprecedented gains, while a decline in oil and metals prices hurt commodity-related stocks. The pan-European STOXX 600 index rose 0.1 percent by 0824 GMT, with travel and leisure stocks leading the gains. Although the gains …

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• 18 November 2021 2:29 pm

  Currencies Overview: The Dollar is Falling From Its Highest Level in 16 Months

  

  The dollar retreated from its highest level in 16 months on Thursday and lost some of its gains against the euro and the Australian and New Zealand dollars, as investors assessed the latest rally in the US currency and whether it is starting to decline. The dollar rose in the …

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• 18 November 2021 1:24 pm

  Market Drivers – Asian Session 18-11-2021

  

  The Nikkei index closed down 0.3% to 29,598.66 points but trimmed its losses significantly after the Japanese Nikkei newspaper reported that the country’s economic stimulus package would likely include fiscal spending of about 55.7 trillion yen ($488 billion). This exceeds market expectations of 30-40 trillion yen. The broader Topix index …

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• 18 November 2021 12:35 pm

  Japan Shares Trim Losses at The Close

  

  Japanese stocks fell slightly at the close of today’s session, and cyclical companies and oil companies led the decline but trimmed losses after a media report that Prime Minister Fumio Kishida’s stimulus package will be larger than expected. The Nikkei index closed down 0.3% to 29,598.66 points but trimmed its …

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• 18 November 2021 11:49 am

  U.S. Natural Gas Contracts Fell 7% on Wednesday’s

  

  US natural gas futures fell 7% on Wednesday, November 17, with continued increases in production and expectations of a decline in heating demand this week. As US gas contracts for December delivery ended the trading session lower by 36.1 cents, to settle at $4.816 per million British thermal units. After …

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• 18 November 2021 11:24 am

  Oil is Falling on US-China

  

  The benchmark Brent crude fell during those moments of trading today, Thursday, below the levels of 80 dollars, as it is trading at levels of 79.8 dollars, down 0.6 dollars. The benchmark Brent crude has fluctuated between levels of $80.15 as a top and $79.6 as a bottom since trading …

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• 18 November 2021 4:28 am

  Market Drivers – US Session – 17-11-2021

  

  US shares, treasury yields and the US dollar reversed direction and closed lower, Wednesday. The three assets were negatively several by several factors in the markets, most notably the decision by Amazon.com to stop accepting payments with Visa cards in the UK as of 2022 in addition to negative data …

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• 18 November 2021 3:49 am

  T-Yields Push Gold Higher Nearest $1,900

  

  Gold has ended Wednesday’s US trading session with the highest daily gains in a week. Gold price has edged around $1,867.Gold got the opportunity to cheer US Treasury yields’ heavy pullback that impacted the US Dollar Index (DXY) amid the absence of major catalysts and ongoing inflation.Gold is buyers’ favourite …

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