Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 12 November 2021 10:17 pm

  Baker Hughes Reports Rise of U.S. Oil Drilling Rigs

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by four to 454 this week. That followed increases in each of the previous two weeks, including a climb of six oil rigs last week, Baker Hughes data show. The total active U.S. rig …

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• 12 November 2021 10:01 pm

  XAU/USD Dips to $1850 as Fed Williams’ Speech Eyed

  

  XAU/USD prices have recovered back to trading flat on the day, having at one point prior to the U. S. open been trading with losses of nearly 1.0%. Gold appeared to find good demand at $1850 as gold bulls and those seeking inflation protection bought the dip.As Fed encounters pressure …

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• 12 November 2021 9:17 pm

  S&P 500 opened higher before U. S. Data

  

  Wall Street’s main indexes trade in the positive territory on Friday. Tech shares push higher after the opening bell.Major equity indexes in the U. S. started the last day of the week in the positive territory on the back of improving market sentiment. The CBOE Volatility Index, Wall Street’s fear …

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• 12 November 2021 9:02 pm

  XAU/EUR Reaches Fresh High

  

  Gold against the EUR is trying to extend its weekly uptrend for seven successive days, trading at €1,627 during the New York session.Early in the Asian session, the precious metal retreated to give back some of its weekly gains, as bears pushed gold towards the 50-simple moving average on the …

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• 12 November 2021 8:53 pm

  U.S. Consumer Sentiment Drops on Inflation Concerns

  

  U.S. consumer sentiment fell in early November to the lowest level in 10 years as surging inflation cut into households’ living standards, with few believing policymakers are taking sufficient steps to mitigate the accelerating inflation.The University of Michigan’s Consumer Sentiment Index dropped to 66.8 in its preliminary November reading, released …

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• 12 November 2021 7:47 pm

  Treasury Yields Turn Lower Over Disappointing Data

  

  Most Treasury yields turned lower Friday morning, after the front-page readings from the University of Michigan’s consumer-sentiment report in at the lowest in a decade, had been released.According to the data released Friday, the University of Michigan’s Index fell to 66.8 in November from 71.7 in previous month, creating a …

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• 12 November 2021 7:39 pm

  EU Ready To Handle Any Issue Within NI protocol

  

  Vice President of the European Commission Maroš Šefčovič, in public comments regarding Brexit negotiations, said that the European Union is willing and ready to look at any issue that is within the Northern Ireland protocol.Šefčovič has added that problems should be tackled one at a time, perhaps starting with medicines …

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• 12 November 2021 5:46 pm

  Musk Sells More Tesla Shares After Twitter Vote

  

  Tesla CEO Elon Musk has sold more shares of the electric car maker, selling nearly $5 billion in shares following a Twitter poll, regulatory disclosures showed. Musk, the world’s richest person and the largest shareholder in Tesla, had said on Twitter at the weekend that he would sell 10% of …

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• 12 November 2021 4:19 pm

  Eurozone Industrial Production Drops in September

  

  Eurozone’s Industrial Production in Germany showed a smaller-than-expected decrease in September, the official data published by Eurostat revealed on Friday, suggesting that the recovery in the manufacturing sector could be gaining traction. The industrial output in the bloc arrived at -0.2% MoM vs. a 0.5% drop expected and -1.6% last. …

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• 12 November 2021 3:56 pm

  Dollar Hits 16-Month High Amid Inflation Concerns

  

  The dollar is set to record its best weekly performance in nearly 5 months against major currencies on Friday, amid bets that the US Federal Reserve will raise interest rates early, after data this week showed the fastest pace of inflation in the United States in 3 decades. The dollar …

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• 12 November 2021 3:05 pm

  Gold is Heading to Record The Largest Weekly Jump in 6 Months

  

  Gold prices fell on Friday, under pressure from the strength of the dollar, but it is heading towards recording the largest weekly jump in 6 months, as concerns about the rise in consumer prices in the United States led to the demand for the yellow metal as a hedge in …

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• 12 November 2021 2:11 pm

  Oil Falls as The Dollar Rises on Bets That The Fed Will Raise Interest Rates

  

  Oil prices fell on Friday, erasing gains made in the previous session, as the dollar continued to rise on bets that the US central bank would present plans to raise interest rates to curb inflation. In Asian trading, US West Texas Intermediate crude futures fell 26 cents, or 0.3%, to …

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• 12 November 2021 12:25 pm

  Japanese Stocks Close Higher

  

  Technology shares supported the Tokyo Stock Exchange to close higher, with investors eager to buy, but the rise in the Tokyo Stock Exchange was lagged by global shares on concerns about the impact of increased costs on corporate profits. The Nikkei index rose 1.13%, recording 2,9609.97 points, to continue its …

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