Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 19 November 2021 2:13 pm

  Two Sources: OPEC+ Compliance With Oil Production Cuts Reached 116% in October

  

  Two sources familiar with the matter said that the commitment of the OPEC+ group to oil production cuts amounted to 116 percent in October, up from 115 percent in September. This indicates that the group continues to produce within the framework of the agreed goals. The data showed that the …

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• 19 November 2021 1:29 pm

  Japan Shares Close Higher on Energy

  

  Japan’s Nikkei rose on Friday after giant chip makers followed in the footsteps of their US counterparts and energy stocks rose following a recovery in oil prices. But losses incurred by SoftBank Group limited the gains for the second consecutive session. Alibaba Group, SoftBank Group’s biggest asset, on Thursday forecast …

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• 19 November 2021 12:29 pm

  UK Retail Sales Post a Positive Reading For The First Time in 4 Months

  

  Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and posted a positive reading for the first time in 4 months at the end of last October. The retail sales index recorded a growth of 0.8%, compared to market expectations of …

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• 19 November 2021 2:50 am

  Market drivers – US Session – 18-11-2021

  

  US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.The Dollar Index’s …

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• 19 November 2021 2:26 am

  Wall Street Closes With Mild Improvement

  

  US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.Dow Jones dropped …

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• 19 November 2021 2:16 am

  Fancy Salad Shares Price Doubled

  

  Sweetgreen’s shares nearly doubled in price mid-day Thursday, hours after the upscale salad chain made its first appearance on Wall Street.The company set its price at $28 per share Wednesday, ahead of its initial public offering Thursday. The stock price jumped to about $54 at one point, and was hovering …

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• 19 November 2021 1:49 am

  USD Slid Amid Further Profit Taking

  

  The Dollar Index’s pullback continued on Thursday, with the index falling back to the 95.50s ahead of the start of the Asia Pacific trading session. Further positive US data, such as the drop of weekly initial jobless claims to a new post-pandemic low at 269K and larger than expected jump …

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• 19 November 2021 1:34 am

  Bitcoin Falls as Congress Battle Takes Off

  

  Bitcoin continued to slide on Thursday, trading down more than 2% and falling as low as $58,283. The most famous cryptocurrency is now very apart from its highs around $69,000, recorded on November 10.US Congress is pushing some of the most sharply divergent views on cryptocurrencies. Speaking at a Congressional …

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• 19 November 2021 1:12 am

  Key Governments Challenge OPEC+ With Reserves

  

  Governments from a number of the world’s biggest economies said on Thursday they are considering the release of oil from their strategic reserves.The announcements follow a rare request by the United States for a coordinated move to ease global energy prices and ahead of a meeting of major oil producing …

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• 19 November 2021 12:20 am

  Germany Attempts To Escape Debt Brake

  

  Because of the strict constitutional ceiling on borrowing, Germany has become more like those internet users who see advertisements promising lose-weight tricks or acquire millions.To meet its climate obligations and upgrade its digital infrastructure, Germany needs to get prepared for €50bn ($57bn) a year in public investment.But a “debt brake” …

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• 18 November 2021 11:52 pm

  Fed’s Evans Expects US Economic Momentum Into 2022

  

  Despite all the challenges ahead, Fed’s Evans said he remained optimistic for 2022. Chicago Fed President Charles Evans said on Thursday that he expects good momentum for the US economy to continue well into 2022.Evans expects the labour sector to continue to improve next year as more and more people …

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• 18 November 2021 11:37 pm

  Euro Hit By Bets On ECB’s Policy

  

  The European Central Bank’s President Christine Lagarde is set to deliver a speech Friday, 19 November, amid traders and investors’ speculations that the Eurozone central bank could lag behind Fed and world peers on rate hike decision. Meanwhile, the euro touched its lowest level in 16 months this week as …

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• 18 November 2021 11:04 pm

  Traders Forecast Annual US Consumer Price Gains

  

  Traders have hiked their preliminary forecasts for US consumer price inflation over the next few months, and now widely see annual headline figures coming in at 7% or higher into early next year.Fixings, which trade as derivatives on the likelihood of where future consumer price index levels will land, are …

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