Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 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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• 18 November 2021 2:16 am

  Treasury Yields Fall, Tepid Demand for 20-year auction

  

  US Treasuries rallied on Wednesday as the recent backup in yields reached levels that drew buyers back to the securities.10-year yields US10YT=RR reached 1.65%, the highest since Oct. 26, before reversing and falling back to 1.61%. They have increased from a low of 1.42% last week, before data showed that …

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• 18 November 2021 1:58 am

  Washington Asks Big Countries To Coordinate Oil Reserve Releases

  

  Biden’s administration asked some of the world’s largest oil consuming countries to consider releasing a portion of their crude reserves in a coordinated effort to lower prices and stimulate the economic recovery.Reuters has quoted anonymous sources to convey the news late on Wednesday night. It is noteworthy that WTI crude …

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• 18 November 2021 1:40 am

  AUD/USD Sinks To Fresh Lows

  

  AUD/USD has sunk to fresh lows to meet daily 0.7260s, sliding from a 0.7305 high hit by storm this week when the stronger US dollar coupled with a dovish RBA as hawkish expectations as well as pressures on the US Fed agitated. UK and US equities were softer as well. …

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• 18 November 2021 1:27 am

  GBP/USD Posts Fresh Highs on BoE expectations

  

  At 1.3490, the GBP/USD pair is trading near to the highs of Wednesday’s US session. This move signals the pair’s ability to depart a 1.3396 a low to start climbing to a one-week high after data showed UK inflation surged to a 10-year high last month.The pound is significantly firmer …

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• 18 November 2021 12:23 am

  EIA: US Crude Stockpiles Fall

  

  US crude stocks fell unexpectedly last week as refineries, enjoying strong margins due to higher fuel prices, ramped up output ahead of the winter heating season, the Energy Information Administration said on Wednesday.Crude inventories dropped by 2.101 million barrels last week, compared with analysts’ expectations for a build of 1.398 …

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• 18 November 2021 12:19 am

  USD/CAD Records Fresh Highs

  

  USD/CAD practically touched fresh highs at 1.2610 on Wednesday. The pair could slightly eclipse last week’s 1.2604 high and has since dropped back from session extremes a little.Crude oil markets have encountered pressure in recent hours, with WTI and Brent both now down by more than $2.0 during US session …

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• 17 November 2021 11:19 pm

  Bitcoin Fluctuates As Traders Decelerate Speculation

  

  Bitcoin fluctuated around a key inflection point of $60,000 on Wednesday as traders appeared to rein in excessive speculation that is sent the world’s largest cryptocurrency to a record last week.Bitcoin has dropped roughly 13% from its all-time high of $68,990, recorded on Nov. 10, dipping below $60,000 on Wednesday.The …

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