Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 26 November 2021 12:46 pm

  Oil Drops Below $80 Due to Fears of The New Corona Strain

  

  Brent crude fell by about 4 percent, to less than $ 80 a barrel on Friday, after the discovery of a new strain of the Coronavirus worried investors, which reinforced fears of a ballooning global oversupply in the first quarter of next year after coordinated withdrawals from crude reserves of …

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• 26 November 2021 2:02 am

  Market Drivers – US Drivers – 25-11-2021

  

  US markets were closed due to the Thanksgiving holiday. Markets will work shortened hours on Friday, and muted trading is expected to continue. Economic DataANZ-Roy Morgan Consumer Confidence was up 1.4pts to 107.4 on the second weekend of November. Consumer Confidence is below the 2021 weekly average of 108.2. However, …

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• 26 November 2021 1:51 am

  ANZ-Roy Morgan Consumer Confidence Rises

  

  ANZ-Roy Morgan Consumer Confidence was up 1.4pts to 107.4 on the second weekend of November. Consumer Confidence is below the 2021 weekly average of 108.2. However, Consumer Confidence is now 2.9 points higher than the same week a year ago, November 21/22, 2020 (104.5).Consumer Confidence this week was up in …

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• 26 November 2021 1:34 am

  USD Retains Strength

  

  US markets were closed due to the Thanksgiving holiday. Markets will work shortened hours on Friday, and muted trading is expected to continue. The bullish dollar’s momentum took a breather, but it was able to maintain its leadership. The EUR/USD pair surged to 1.1229, ending the day just above the …

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• 26 November 2021 12:54 am

  ECB Expected To Raise Inflation Forecast Again

  

  EU economy expected to raise inflation forecast again. Central bank policymakers have said that the outlook for price growth in 2023 and 2024 remains unsure The ECB has underestimated how fast Eurozone inflation would rise this year.European Central Bank policymakers expect the central bank to raise its short-term inflation forecasts …

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• 25 November 2021 11:57 pm

  USD Continues Corrective Movement

  

  The US dollar’s current slight retreat comes as a result of a corrective movement in the bearish direction after several sessions of surging trend.The US Dollar Index (DXY) heads into the Thanksgiving holiday on track for a third consecutive strong weekly gain. The US economy’s Q4 is shaping up as …

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• 25 November 2021 11:20 pm

  Turks Switch Savings to US Dollars as Lira Collapses

  

  Turkish companies tap foreign reserves as market access weakens. The Turkish currency was trading around 12 lira to a dollar on Thursday.Turks abandoned their local currency savings for US dollars and other foreign currency deposits over concerns about the country’s faltering economy, propelling the Turkish lira to its worst slide …

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• 25 November 2021 11:05 pm

  Could Brexit Developments Impact The Pound?

  

  GBP/USD has hesitantly bounced from annual lows at 1.3300 ahead of a short market closure for Thanksgiving as markets eye Brexit developments, with French fishermen blockades now expected Friday.While the pair has been under heavy selling pressure recently, it isn’t yet in oversold territory. Ahead of a five-hour market closure …

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• 25 November 2021 10:15 pm

  BoE’s Bailey: Factors Causing Inflation Temporary

  

  Bank of England Governor Andrew Bailey said on Thursday that the supply chain problems causing inflation should be temporary.“The risk is that inflation expectations become embedded and we have a very tight labour market in the UK. Policy guidance is more hazardous to give in times of elevated uncertainty”, he …

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• 25 November 2021 9:58 pm

  November Employment Expected To Increase By 600K

  

  The November US employment report will be released on the first Friday of December. At the moment, analysts at Wells Fargo expect an increase in jobs of around 600.000. Total nonfarm payrolls increased by 531K during October, a gain that was well ahead of expectations. The net revisions to the …

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• 25 November 2021 8:49 pm

  Bundesbank Warns Of Overblown property Prices

  

  Vice president of Bundesbank, Claudia Buch, said that almost 90% of German households expect property prices to keep increasing.Buch added that her team at the Bundesbank has come up with estimates of about 10% to 30% for price deviations from their fundamentals. Germany’s central bank warned Thursday about skewed valuations …

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• 25 November 2021 8:14 pm

  Fed To Kick Off Faster Taper Starting January

  

  The US Federal Reserve will likely double the pace of tapering its monthly bond purchases from January to $30 billion, and wind down its pandemic-era bond buying scheme by mid-March, Goldman Sachs strategists said in a daily note on Thursday.The increased openness to accelerating the taper pace likely reflects both …

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• 25 November 2021 7:12 pm

  ECB Under Pressure To Unlock Bonds

  

  The European Central Bank is under growing pressure from bankers to lend more of its stash of German government bonds to avert a market squeeze that would undo some of its own stimulus efforts.As the safest debt in the region, Germany’s sovereign bonds are the lifeblood of European financial markets …

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