Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 6 November 2021 1:23 am

  Green Economy Commodities Atop China’s Supercycle

  

  The surge in the prices of commodities has been unprecedented since mid-2020, predictably resulting in calls that a new supercycle is proceeding. Supply-demand imbalances are plaguing the globe and boosting prices further. But one topic that is gaining more and more significance in 2021 is that a number of commodities …

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• 6 November 2021 12:59 am

  Positive Jobs Fail To Benefit CAD

  

  The Canadian dollar failed to benefit from the strong Canadian labour market released Friday, much like the U. S. dollar and the USD/CAD pair is settling in neutral territory on the day around the 1.2450 mark. The pair has been subject to significant retreat in recent days, together with the …

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• 6 November 2021 12:30 am

  KSA, U.S. Fight Over Crude Oil Prices

  

  Oil trimmed its weekly loss as Saudi Arabia increased prices for its global crude exports and the U.S. is still considering a potential release of oil from the strategic reserve.Crude oil in New York session smoothed its weekly loss to 2.8%, rising sharply late in the session Friday after Saudi …

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• 6 November 2021 12:11 am

  RBA Concerned About W-Shaped Recovery

  

  The Reserve Bank of Australia has used Friday’s quarterly assessment of the economy to announce that lockdown has delayed but not derailed the nation’s economic recovery.It says economic activity probably contracted by 2.5% in the three months to last September, but the Q4 could regain most of the previous losses, …

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• 5 November 2021 10:43 pm

  Supply Chain, Shipping Delays Still Persist

  

  U. S. logistics still need time to catch up with manufacturing pace. Improving conditions for supply chain labour is an efficient solution. Some call for changing the U. S. transportation age and drug testing rules by the Transportation Department for truck drivers to make taking these jobs easier.Others urge the …

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• 5 November 2021 9:30 pm

  Baker Hughes: Oil and gas rigs increase for second week

  

  The total active U.S. rig count, which includes those drilling for natural gas, climbed by six to stand at 550, according to Baker Hughes. December West Texas Intermediate crude continued to trade sharply higher, up $2.40, or 3.1%, at $81.21 a barrel on the New York Mercantile Exchange.U.S. energy firms …

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• 5 November 2021 9:15 pm

  Treasury Yields Fall After NFP Data

  

  Treasury yield on 10-year bonds slides below 1.5%, extending a remarkably volatile week. U.S. government bonds rallied after a better-than-expected jobs report Friday, sending the yield on the benchmark 10-year Treasury note below 1.5% for the first time in about a month.The yield on the 10-year note recently traded at …

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• 5 November 2021 8:56 pm

  Wall Street Shares Surge After Solid NFP Report

  

  Stocks broadly surged on Friday afternoon trading on Wall Street as investors and traders welcomed news of rebounding hiring by U.S. employers throughout October.The Dow Jones Industrial Average rose 225 points, or 0.6%, to 36,347 and the Nasdaq rose 0.6%, whereas S&P 500 rose 0.6%. More than 80% of stocks …

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• 5 November 2021 8:35 pm

  Biden Praises NFP Data

  

  U. S. President Joe Biden praised the October jobs report on Friday, saying the strong gains in employment and the falling unemployment rate are evidence that his economic plan is working.Despite the recent job gains, inflation and a global supply chain crisis continue to haunt several Americans’ sentiments about the …

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• 5 November 2021 8:25 pm

  Silver Higher, Gold retests $1,800 after Positive NFP Data

  

  Silver (XAG/USD) advances for the second successive session, up 1.08% trading at $24.02 during the New York session. On Friday, the U. S. Bureau of Labor Statistics revealed its Nonfarm Payrolls report for October, which reported the creation of 531000 new jobs added to the U. S. economy, higher than …

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• 5 November 2021 7:30 pm

  EUR/USD declines below 1.1520 after NFP data

  

  The EUR/USD pair slid under renewed pressure and touched its weakest record level of 2021 below 1.1520 on Friday after the US jobs report showed that Nonfarm Payrolls rose by 531,000 in October, surpassing the market consensus of 425,000.The latest rebound in EUR/USD seems to be a technical correction with …

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• 5 November 2021 6:26 pm

  Market Drivers – European Session 05-11-2021

  

  The European session witnessed the release of many market-moving data. Nonfarm Payrolls (NFP) in the US rose by 531,000 in October, this reading came in better than the market expectation of 425,000. September’s print got revised higher to 312,000 from 194,000. The Unemployment Rate declined to 4.6% from 4.8% in …

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• 5 November 2021 5:29 pm

  Canada Unemployment Rate Edges Lower

  

  The Unemployment Rate in Canada edged lower to 6.7% in October from 6.9% in September, the data published by Statistics Canada showed on Friday. Net Change in Employment arrived at +31.2K in the same period, beating the market expectation of 19.3K.

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