Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 15 November 2021 2:00 pm

  Japan’s Economy Shrinks More Than Expected in Q3

  

  Japan’s economy contracted faster than expected in the third quarter of 2021 as global supply disruptions and new COVID-19 cases impacted business and consumer spending, posing challenges to the new government’s plans in Tokyo for growth. Preliminary GDP data showed Japan’s economy contracted at an annual rate of 3% during …

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• 15 November 2021 1:21 pm

  Gold is Falling as Investors Focus on Next Step For Central Banks

  

  Gold prices fell Monday, November 15, retreating from their highest level in more than 5 months in the previous session, as cautious investors assessed whether rising inflation would trigger a more aggressive response from central banks. Spot yellow metal prices fell 0.3% to $1858.73 an ounce, while US gold futures …

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• 15 November 2021 6:12 am

  Weekly Recap 8-12 November

  

  Inflation fears dominated the market this week. Wall Street closed higher Friday, November 12th, driven by the rise of market leaders, as investors shrugged off disappointing US economic data. The U.S. A University of Michigan survey showed that US consumer sentiment in early November plunged to a decade low as …

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• 13 November 2021 3:03 am

  Market Drivers – U. S. Session – 12-11-2121

  

  The “Big Short” movie star Michael Burry returned to Twitter Friday. After earlier remarks about inflation, SEC and Fed policies, the movie star who is also CEO of Scion Asset Management says that Elon Musk has wrong calculations and had it not quite right with his Rivian comments. Earlier in …

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• 13 November 2021 2:47 am

  What Investors Need To Know About Bitcoin’s Taproot

  

  Taproot is the next upgrade of bitcoin, and even bitcoin’s first major upgrade since 2017, and it will impact the blockchain in several aspects. It is expected to go into effect in the coming days at block 709,632. It will go live as soon as Saturday.Taproot will introduce investors to …

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• 13 November 2021 2:04 am

  Oil Prices Under Accelerating Pressure

  

  A handful of bearish factors are driving oil prices lower, with both WTI and Brent set for a third successive weekly loss.While crude prices have been relatively range-bound recently, hovering within the $80-85 per barrel range, they are expected to suffer their third weekly decline in a row. Yet, beyond …

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• 13 November 2021 1:51 am

  Fed’s Inflation Response Criticized

  

  Mohamed El-Erian, chief economic adviser at Allianz SE, criticized the Federal Reserve’s long-standing narrative of transitory inflation on Friday following data that revealed prices are rising at the fastest rate since 1990.“There are lots of structural changes going on in the post-pandemic economy … you can’t simply dismiss them as …

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• 13 November 2021 1:41 am

  NY Fed’s Williams: Inflation Impacts Fixed Income Families

  

  Higher inflation does not affect all households equally, with people on fixed incomes taking a bigger hit, New York Federal Reserve Bank President John Williams said Friday.

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• 13 November 2021 1:35 am

  EUR/USD bounces off yearly lows

  

  EUR/USD hardly declines during Friday’s session, consolidating around 1.1446, down by 0.01%. The Euro has failed to gain traction against the American currency, which has maintained same demand level during the Asian and the European session, with limited gain as the New York session begins.The Euro’s downfall has extended for …

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• 13 November 2021 1:22 am

  Is Rivian Investors’ Next Tesla?

  

  Some investors bet that Rivian can become the next Tesla, whose own market cap stands above $1 trillion, while others say It is a bad bet.U. S. Electric automaker Rivian closed trading yesterday with value nearing $105 billion, two days after completing the largest U.S. IPO since Alibaba in 2014. …

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• 13 November 2021 12:52 am

  Elon Musk Slammed for His Rivian Comments

  

  The “Big Short” movie star Michael Burry returned to Twitter Friday. After earlier remarks about inflation, SEC and Fed policies, the movie star who is also CEO of Scion Asset Management says that Elon Musk has wrong calculations and had it not quite right with his Rivian comments.Earlier in the …

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• 12 November 2021 11:59 pm

  APEC Leaders Tackle Economic Recovery, COVID-19, Climate

  

  Leaders of the Asia-Pacific Economic Cooperation (APEC) forum vowed on Friday to address economic recovery in the region by shoring up supply chains.The summit is tackling labour issues and continuing to respond to the COVID-19 pandemic. The summit is held amid heightened U.S.-China tensions.Biden and Xi expected to meet virtually …

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• 12 November 2021 11:41 pm

  USD/CHF Slid By U. S. Consumer Sentiment

  

  USD/CHF tends to end Friday’s session flat slightly gaining at 0.9200 level. The pair had at one point been nearly as high as 0.9240, but a sharp, surprise worsening in Consumer Confidence in November according to the University of Michigan’s Index that pushed the pair from highs and back towards …

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