Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 5 November 2021 2:51 pm

  Market Drivers – Asian Session 05-11-2021

  

  It was a bit quiet on Friday as the markets awaited employment data from the US due to be released on Friday. The Nikkei index lost 0.61% to close at 29611.57 points, after rising 0.15% earlier in the session after a strong closing of the major US indices. The broader …

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• 5 November 2021 2:13 pm

  German Industrial Output to Fall Unexpectedly

  

  German industrial output fell unexpectedly in September, as supply problems related to raw materials and commodities continued to affect production in Europe’s largest economy. Germany’s Federal Statistics Office said industrial output fell 1.1% month over month after an upwardly revised 3.5% drop in August. A Reuters poll had forecast industrial …

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• 5 November 2021 1:37 pm

  Japan Shares Close Lower, But Record Gains For The Second Week in a Row

  

  Japanese stocks fell at the end of the last sessions of the week, affected by doubts about the expectations of local companies, while technology shares recorded gains, tracking the rise of the Nasdaq index, which limited losses. The Nikkei index lost 0.61% to close at 29611.57 points, after rising 0.15% …

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• 5 November 2021 5:01 am

  Investors Await RBA’s Monetary Policy Statement

  

  Any changes in the RBA’s monetary policy statement report is expected to affect the AUD volatility. If the RBA statement shows a hawkish trend, that is seen as positive for the AUD, while a dovish outlook is seen as negative.The Reserve Bank of Australia’s monetary policy statement will be released …

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• 5 November 2021 4:42 am

  Market Drivers – U. S. Session – 04-11-2021

  

  Inflation is still the one issue that irritates fiscal policymakers and the officials of the central banks across the Atlantic.On Thursday’s session, the U. S. dollar was the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals. On the other …

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• 5 November 2021 4:37 am

  Bitcoin demand slowed in Q3 but surged in October

  

  Square Inc. reported, Thursday, lower-than-expected revenue for Q3 as less volatile pricing for bitcoin has a significant impact on demand, though the company’s chief financial officer noted “strength” in volume during October.The company posted a break-even Q3, after earning $37 million, or 7 cents a share, in the year-earlier quarter. …

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• 5 November 2021 3:07 am

  U. S. Dollar returns with retribution

  

  On Thursday’s session, the U. S. dollar is the unchallenged winner. The USD was able to resume its advance and reached fresh weekly highs against high yielding rivals.On the other hand, safe-haven assets edged higher against the USD, although without breaking any critical level.The Bank of England had a monetary …

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• 5 November 2021 1:27 am

  Bank shares severely beaten as Treasury yields fall

  

  Financial shares were suffering a broad beating Thursday, as Treasury yields sank in the wake of the Federal Reserve’s detailing of its tapering plans. As the Bank of England held off on an expected rate hike, the SPDR Financial Select Sector ETF dropped 2.0% with 61 of 65 equity components …

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• 5 November 2021 1:09 am

  Nasdaq Extends Gains, as Treasury Yields Fall

  

  As traders are still betting on the pace of tightening by the Federal Reserve, stocks climbed to another record and bond yields retreated.Technology and retail shares drove gains in the S&P 500, while the Nasdaq 100 extended its rally into a ninth straight day; the longest winning line of successive …

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• 5 November 2021 12:54 am

  Gold stuck in a difficult day between $1,750-$1,800

  

  The gold market is stuck in a hard day, with prices trading in a narrow range between $1,750-$1,800 an ounce.There is no driver strong enough to push gold below $1,750 an ounce or above $1,800 an ounce, there’s certainly an apprehension to sell gold after Jerome Powell’s statements to the …

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• 5 November 2021 12:33 am

  CAD at mercy of oil price fluctuations

  

  USD/CAD is currently trading at highs of the day slightly tend to uptrend to 1.2450 per barrel mark, sharply up from Asia Pacific session lows around the 1.2400 level, the pair is trading as a function of oil prices more than anything else. Crude oil prices have reversed sharply from …

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• 4 November 2021 10:10 pm

  Powell and Lagarde to markets: Hold your rate horses

  

  All expectations that tightening signals by BoC and RBA would push the world’s biggest monetary policy actors to accelerate their own timelines for rate hikes ran into a wall with the U. S. Federal Reserve and European Central Bank saying they would not hike interest rates so fast.Rate futures and …

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• 4 November 2021 9:40 pm

  GBP Hammered After BoE’s Statement

  

  The British pound was hit rather hard during the course of the trading session on Thursday as the Bank of England has decided not to raise interest rates. Although the market had been trying to price in some type of hike, the question now is whether or not 1.35 can …

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