Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 1 December 2021 6:27 pm

  Market Drivers – European Session 01-12-2021

  

  OPEC expected the oil surplus to increase to 2 million bpd in January, 3.4 million bpd in February and 3.8 million bpd in March 2022. The Organization of the Petroleum Exporting Countries, through a leaked document during today’s meeting, said that the demand for transport fuels in Europe may also …

  Read More »
• 1 December 2021 5:23 pm

  OPEC+ Sees Larger Oil Supply Surpluses in January, Does it happen?

  

  OPEC and its allies will start two days of meetings on Wednesday to decide whether to pump more oil into the market or curb supplies amid slumping oil prices and concerns that the mutated Omicron strain of the coronavirus could dampen global energy demand. According to a document cited by …

  Read More »
• 1 December 2021 3:29 pm

  European Shares Start December Higher, Eyes Focused on Omicron’s Fallout

  

  European shares rose on Wednesday as bargain hunters returned from the November turmoil, but investors remain concerned about whether the emergence of the new mutated Omicron from the coronavirus will affect economic activity in the winter months. The pan-European Stoxx 600 index rose 0.8 percent by 0816 GMT, following in …

  Read More »
• 1 December 2021 3:00 pm

  UK Final Manufacturing PMI Revised Down in November

  

  The UK manufacturing sector activity expanded less than expected in November, the final report from IHS Markit confirmed on Wednesday.  The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised lower from 58.2 to 58.1 in November, missing an estimation of 58.2. “Manufacturers are facing a challenging …

  Read More »
• 1 December 2021 2:43 pm

  Market Drivers – Asian Session 1-12-2021

  

  Markets are still concerned about the Corona mutant, Omicron, and the first case was detected in Japan, despite the country closing its borders to arrivals from other countries. Spot gold rose 0.3 percent to $1,778.56 an ounce. US gold futures rose 0.2 percent to $1,780.60. On Tuesday, gold fell to …

  Read More »
• 1 December 2021 1:40 pm

  Oil Rises More Than 3% Ahead of an OPEC Meeting, Amid Fears of Omicron

  

  Oil prices rose more than 3 percent on Wednesday, offsetting some sharp losses incurred during the previous session, as major producers prepare to discuss how to deal with the threat to fuel demand from the mutated Omicron. Brent crude futures rose $2.46, or 3.6 percent, to $71.69 a barrel by …

  Read More »
• 1 December 2021 12:45 pm

  Japanese Stocks Stop Losing Streak, And Omicron Limits Gains

  

  Japanese stocks closed higher in choppy trading on Wednesday after three consecutive sessions of heavy losses, but uncertainty over the impact of the omicron capped gains. The Nikkei index ended trading on Wednesday, up 0.41 percent to 27,935.62 points, after rising nearly 1 percent. The broader TOPIX index compensated for …

  Read More »
• 1 December 2021 3:45 am

  Market Drivers – US Session – 30-11-2021

  

  Uncertainty Behind Volatile US Session Risk-aversion is increasingly becoming a key word in the market context. The US dollar firstly fell but changed course during US trading hours to reach weekly highs against most major rival currencies.Concerns around the coronavirus pandemic rotated during the first half of the day, with …

  Read More »
• 1 December 2021 3:28 am

  Gold Prices Impacted By Hawkish Comments

  

  Gold futures are currently traded lower by -2.20 at 1774.95 per ounce during on Tuesday after giving back some earlier gains because the precious metal got impacted by comments from U.S. Fed’s Powell sent buyers to selloff. According to the current market sentiment, Powell was able to send hawkish waves …

  Read More »
• 1 December 2021 1:32 am

  US Debt Ceiling Debate New Round

  

  US showdown is looming again as Congress returns to the thorny issue facing urgent deadlines to avoid debt ceiling limit default. Failure to reach agreement on funding bills or debt ceiling would profoundly impact the country and Biden’s Administration, while failure to agree on a final form of the USD …

  Read More »
• 1 December 2021 1:01 am

  Gap Between US Job Market, Recovery Getting Wider

  

  While wider optimism has spread believing the job market is getting better, a lot of US citizens believe the actual economy s getting worse and worse.Claims for unemployment benefits retreated to lowest point since 1969 the week before Thanksgiving in an amazing rebound from the levels earlier during the Covid-19 …

  Read More »
• 1 December 2021 12:17 am

  Erdogan To Boost Employment By Lower Interest Rates

  

  Speaking on State TV in Turkey on Tuesday, Turkish President Recep Erdogan said that he will boost investment, employment, growth and production by lowering interest rates.Interest rates are the cause and inflation is the result, he continued, adding that he thinks economic growth in 2021 will be about 10%. Hopefully …

  Read More »
• 1 December 2021 12:01 am

  Fed’s Clarida: US Labour Market Tighter Now

  

  Fed Vice Chair Richard Clarida said on Tuesday that the labour market right now is a lot tighter than it was following the previous two recessions and that wages gains are healthy but not out of line with productivity.Adverse supply shocks can be a challenge for monetary policy, he added, …

  Read More »