Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 13 December 2021 8:14 am

  Weekly Recap 6 – 10 Dec.

  

  Central bank decisions, Omicron developments, and US inflation data were the past week’s highlights. The Reserve Bank of Australia decided to keep the interest rate at as low as 0.10% but left the door open to expectations of a rate hike earlier than previously thought in 2022. It indicated that …

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• 11 December 2021 4:33 am

  Market Drivers – US Session – 10-12-2021

  

  The US Dollar Index (DXY) which measures the performance of the US dollar against major currencies, has slid by 0.19%, settling at 96.04 during the New York trading session.The market sentiment was positive as the Wall Street session closed, with major US shares finishing in the green territory recording gains …

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• 11 December 2021 4:22 am

  Why Bitcoin, Cryptos Sank This Week

  

  Bitcoin ( BTC -0.69% ), Dogecoin ( DOGE -3.25% ), and Chainlink’s ( LINK -9.14% ) tokens fell roughly 10%, 17%, and 18%, respectively, so it has been another tough week of selloffs for the broader cryptocurrency market.In addition to concerns about cyclical pricing trends and regulatory risks, cryptocurrency prices …

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• 11 December 2021 3:01 am

  US Dollar Index Slides On Data

  

  The US Dollar Index (DXY) which measures the performance of the US dollar against major currencies, has slid by 0.19%, settling at 96.04 during the New York trading session.The market sentiment was positive as the Wall Street session closed, with major US shares finishing in the green territory recording gains …

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• 11 December 2021 1:08 am

  Fed, ECB Meetings Awaited As Investors Anticipate Policy Directions

  

  Traders await a very big week witnessing major regular monetary policymaking meetings by both the US Federal Reserve and the European Central Bank to decide the direction of their future monetary policy.Financial markets closely follow the upcoming outcomes of those two meetings, as they can turn out to be real …

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• 10 December 2021 11:42 pm

  Treasury Yields Slip After Inflation Data

  

  US government bond yields slid lower Friday after data showing the fastest inflation in decades reinforced investors’ expectations for the economy to start slowing next year while the Federal Reserve tightens monetary policy.In recent trading, the yield on the benchmark 10-year US Treasury note was 1.479%, compared with 1.486% Thursday.Core …

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• 10 December 2021 11:22 pm

  Baker Hughes: US Drilling Rigs Rise This Week

  

  US drillers this week have added oil and natural gas rigs for the sixth time in seven weeks as demand for energy keeps growing after last year’s coronavirus demand destruction.That rig count increase comes despite oil price declines in six of the past seven weeks. The oil and gas rig …

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• 10 December 2021 10:50 pm

  US Shares Surge After Hot Inflation Data

  

  US shares as well as oil prices reaped gains after fresh inflation data piqued investors’ hopes that price rises may be nearing a peak.The S&P 500 advanced 0.5% Friday. The index retreated Thursday but was on track for its strongest week of gains since February. The tech-focused Nasdaq Composite Index …

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• 10 December 2021 9:40 pm

  Will Hot Inflation Data Influence FOMC?

  

  Americans’ cost of living climbed again in November and drove the rate of US inflation to a nearly 40-year of 6.8%, putting more pressure on households as they confront rising prices of fuel, food stuff, cars and house rents.The consumer price index increased 0.8% last month, the government said Friday …

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• 10 December 2021 8:45 pm

  WTI Eases Back From Above USD 72.00

  

  WTI crude oil briefly pushed back above USD 72.00 on Friday after not as high as feared US inflation triggered risk-on. Oil prices have since eased back but remained on course for their best week since August. Oil prices remained uneven on Friday, though have for the most part traded …

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• 10 December 2021 7:49 pm

  UoM’s Consumer Confidence Index Surges in December

  

  Consumer confidence in the US has strengthened modestly in December according to the University of Michigan’s preliminary estimate of the Consumer Sentiment Index. The reading of the index surged to 70.4, up compared to only 67.4 in November. This data comes above market expectations at 67.1. In the meantime, the …

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• 10 December 2021 7:17 pm

  Switzerland To Launch New Covid-19 Restrictions On 14 December

  

  The Swiss government is considering further of Covid-19 restrictions in order to contain a recent rise in infections. The government is considering imposing new rules to restrict indoor public access to vaccinated and naturally immune individuals, whilst indoor locations where face masks cannot be worn would require negative tests for …

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• 10 December 2021 5:32 pm

  Oil Prices Are Falling, But They Are Heading For The Largest Weekly Gain Since Late August

  

  Oil prices fell in trading on Friday, but they are still on track to achieve their biggest weekly gains since late August, as easing concerns about the Coronavirus variable “Omicron” on global growth and fuel demand affected market sentiment. Both Brent and West Texas Intermediate were on track to rise …

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