Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 19 November 2021 11:10 pm

  US Oil Drilling Rigs Rose For Fourth Week

  

  Baker Hughes reported, Friday, that the number of active U.S. rigs drilling for oil rose by seven to 461 this week.The new figures followed increases in each of the previous three weeks, including a climb of four oil rigs last week, Baker Hughes data shows.The total active U.S. rig count, …

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• 19 November 2021 11:00 pm

  Why Are Cryptocurrencies Jumping Today?

  

  In the early morning, Bitcoin was trading at $58,089, up 4.4% from its Thursday’s low but down 0.9% in the last 24 hours. Bitcoin is down 10.4% over the past week, so the trend was definitely lower this week. Cryptocurrencies are having another volatile day on Friday but this time …

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• 19 November 2021 10:20 pm

  Texas to Become Bitcoin Capital

  

  Texas is home of the most vulnerable power grid across the United States. The state is preparing to be hit by a surge in demand for electricity that’s twice as much as the size of Austin’s.An army of cryptocurrency miners opted to head to Texas state to utilize cheap power …

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• 19 November 2021 9:31 pm

  Clarida Warns Of Globally Coordinated Interest Policy

  

  Central banks in different countries can usefully share analysis and may adopt similar policies in response to common global shocks, but explicit coordination would likely do more harm than good, Federal Reserve Vice Chair Richard Clarida said on Friday.The Fed official signaled skepticism toward adopting coordinated interest-rate policies among major …

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• 19 November 2021 9:18 pm

  Lockdown News Quakes Wall Street, USD Boosted

  

  Renewed concerns about COVID-19 in the face of looming European lockdowns impacted a range of sectors Friday, pushing stocks and oil down. This latest news boosts the US dollar.Stocks have been shaken in morning trading on Wall Street Friday and major indexes were on track for a mixed finish to …

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• 19 November 2021 9:00 pm

  House Passes $1.75 Trillion Social Safety Pact

  

  The House of Representatives on Friday passed the largest expansion of the social safety net in decades, a $1.75 trillion bill that funds universal pre-K, Medicare expansion, renewable energy credits and affordable housing. The final vote was 220-213, and only one Democrat, Jared Golden of Maine, voted against the bill. …

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• 19 November 2021 8:47 pm

  Fed’s Waller Favours Faster Taper, Faster Rate Hike

  

  Federal Reserve Board of Governors member Christopher Waller said on Friday that the rapid improvement seen in the labour market and high inflation makes him favour faster taper and sooner rate increase. Inflationary pressures are becoming more extensive, and will last longer into 2022 than expected. Waller added that the …

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• 19 November 2021 7:59 pm

  T-Yields Drop On EU Lockdown Concerns

  

  US bond yields experienced a sharp drop on Friday, the primary catalyst for which was a continued ramp up in concerns about lockdowns in Europe where Covid-19 infection and hospitalization rates continue to surge. The drop in bond yields coinciding rally in bond prices reflects a broader outperformance of safe-haven …

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• 19 November 2021 7:47 pm

  Retail Sales Surge by Christmas Shopping

  

  Early Christmas shopping have pushed up shop sales in October as people spent more on clothing and on toys.Sales rose by 0.8% in October, following no growth in September, according to the Office for National Statistics. Clothing sales reached their highest level since the start of the pandemic.Second-hand stores, like …

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• 19 November 2021 7:35 pm

  Macron: UK playing with France’s nerves on fish licenses

  

  French President Emmanuel Macron said, Friday, that the UK is playing with France’s nerves over fishing licenses. Macron also reaffirmed that the UK is not respecting post-Brexit fishing arrangements and reiterated that his government would continue to support the fishermen until they get their licenses. GBP has not reacted to …

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• 19 November 2021 6:24 pm

  US Bond Yields Fell on Friday Morning

  

  US Treasury yields fell on Friday morning, with investors eyeing who would nominate the Fed chair, the benchmark 10-year Treasury yield fell by 3 basis points to 1.5565%, and the yield on the 30-year Treasury fell 3 basis points to 1.9405 %. President Joe Biden is expected to announce his …

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• 19 November 2021 5:25 pm

  Brent Crude is Losing Levels of $ 80 a Barrel on Covid-19 Concerns

  

  Oil prices fell below $79 a barrel on Friday, as a new increase in Covid-19 cases in Europe threatened to slow the pace of economic recovery, while investors weighed the possibility of a move by the world’s major economies to withdraw from their strategic stocks of crude to calm energy …

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• 19 November 2021 4:26 pm

  The Dollar is on Track to Gain For The Fourth Consecutive Week

  

  The dollar is set for a fourth consecutive week of gains against its major rivals on Friday, as traders are betting that US interest rates will rise faster than expected amid rising inflation worldwide. The euro was one of the biggest losers against the dollar and is on track to …

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