Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 2 November 2021 3:16 am

  Vote against Biden’s plans in the making

  

  Senator Joe Manchin said, Monday, he does not support the $1.75 trillion social safety net expansion bill Democrats are negotiating until there is greater clarity about its impact on the country’s national debt and the U. S. economy, casting major doubt about whether President Joe Biden can get his agenda …

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• 2 November 2021 2:16 am

  RBNZ’s Orr: Unsustainable house prices poses financial challenges

  

  The Reserve Bank of New Zealand’s governor, Adrian Orr, stated that the unsustainable level of house prices has imposed monetary, financial stability challenges on the country’s economy.House prices and housing affordability are affected by both supply and demand. Prices have become more unsustainable since November 2020. Domestic banks are working …

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• 2 November 2021 1:09 am

  Natural gas cost in W. Virginia surges this week

  

  Natural gas prices increased in West Virginia Monday. The state Public Service Commission approved winter rates and unlike previous years, the rates have significantly increased.With natural gas prices up about four times as much as the price this time in 2020, the utilities are paying more to purchase gas and …

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• 2 November 2021 12:46 am

  Oil prices surge on demand despite China reserves release

  

  Oil prices settled higher on Monday as expectations of solid winter demand and a belief that a key producer group will not change the current production pace fast helped reverse initial losses caused by the release of fuel reserves by No. 1 world energy consumer China.Brent crude futures settled up …

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• 1 November 2021 11:37 pm

  Debate continues on surging prices of commodities

  

  Commodities are rising again, with copper, aluminum, crude oil, natural gas and wood reaping significant gains compared to pre-pandemic levels.Supply disruptions and a global push toward sustainability may be driving the commodity boom, even as fiscal stimulus and low rate policies also impact the overall economic scene.The U.S. government and …

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• 1 November 2021 10:38 pm

  Gold is too much impacted by USD

  

  The yellow precious metal price is barely moving although the short term market situation is not in favour of gold.On Monday, the troy ounce cost $1,788. Gold has been rather volatile recently and definitely shows an inverse correlation to the USD.Gold price will fluctuate pretty much this week in anticipation …

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• 1 November 2021 8:42 pm

  Central Banks fuel fresh expectations on tighter fiscal policies

  

  U.S. Treasury yields rose on Monday morning, starting the first trading day of November on a positive note, as investors look ahead to the two-day Federal Reserve meeting later this week. The yield on the benchmark 10-year Treasury note climbed by 4 basis points to 1.593% at 11:30. The yield …

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• 1 November 2021 7:58 pm

  Shares Hit Peaks before Central Bank Meetings

  

  Markets are still calm ahead the storm of three central bank meetings this week; the Reserve Bank of Australia meets Tuesday, the Fed on Wednesday and the Bank of England Thursday. Global stock markets rose on Monday at the start of a big week for awaited central bank meetings, helped …

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• 1 November 2021 7:45 pm

  Bitcoin Higher after October’s Cryptocurrency Market Rally

  

  Bitcoin price is around $62,130 per coin, while rivals Ethereum and Dogecoin are trading around $4,335 (+1.71%) 27.4 cents (3.95%) per coin, respectively.The October rally by bitcoin has stabilized the popular cryptocurrency ahead of central bank meetings in the U.S., U.K. and Australia to assess the status of inflation and …

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• 1 November 2021 7:22 pm

  U. S. banks tried to kill crypto but failed

  

  Seven years ago, as regulators in New York were exploring ways to control Bitcoin, executives at Wall Street’s biggest banks were afraid that regulation would also legitimize cryprocurrencies. At the World Economic Forum in Davos in 2014, Jamie Dimon, the chief executive of JPMorgan Chase, the nation’s largest bank, called …

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• 1 November 2021 6:26 pm

  Market Drivers – European Session 01-11-2021

  

  The European session on Monday was quiet and generally flat. Just a moment ago, the Manufacturing PMI came out and came in negative; Were it scored 58.4 points, analyst expected it to score 59.2 points. Gold is now recording 1789.39, an increase of 0.34%, and gold contracts are recording 1790.35, …

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• 1 November 2021 5:39 pm

  Turkey’s Trade Deficit Fell 39% to $1.46 Billion in October

  

  Turkey’s trade deficit narrowed 39% year-on-year to $1.46 billion in October, the Turkish Ministry of Trade said. For his part, Minister of Commerce Mehmet Muş said that the ratio of exports to imports in the country reached 93.4 percent last month and that Turkey will reach a trade surplus soon. …

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• 1 November 2021 4:42 pm

  UK Final Manufacturing PMI Revised Higher to 57.8

  

  The UK manufacturing sector activity expanded in October, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher from 57.7 to 57.8 in October, beating expectations of 57.7.

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