Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 17 December 2021 8:37 pm

  S&P 500 Bounces On Quad Witching day

  

  US stock markets have maintained uneven performance on the final trading day of the week as traders still busy digesting this week’s Fed’s hawkish signals pivot and a continued rise in global Omicron Covid-19 variant infections.The S&P 500 was last down 0.1%, though it bounced from earlier session lows in …

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• 17 December 2021 7:15 pm

  Fed’s Decisions Digestion Pull Wall Street lower

  

  US stocks are digesting Fed’s decisions after the  positive kneejerk reaction, which led to the decline of most New York Stock Exchange indices. The Dow Jones Industrial Average fell to 35578 points, after adding about 327 points, or 1.00%. S&P500 fell to 4,649 points, losing about 19 points, or 0.4%. …

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• 17 December 2021 5:12 pm

  Central Bank of Russia Hikes Policy Rate by 100 bps to 8.5% as Expected

  

  The Central Bank of Russia announced on Friday that it raised its policy rate by 100 basis points to 8.5% from 7.5%. This decision came in line with the market expectation. “If the situation develops in line with the baseline forecast, the Bank of Russia holds open the prospect of a …

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• 17 December 2021 4:01 pm

  Dollar Struggles After Central Banks’ Plans to Halt Stimulus

  

  The dollar remained under pressure on Friday at the end of a week in which major central banks revealed plans to halt their pandemic-era stimulus as the Bank of England surprised markets with an interest rate hike. After a turbulent week, the dollar index, which measures its price against a …

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• 17 December 2021 3:06 pm

  The Turkish Central Bank Intervenes to Limit The Losses of The lira

  

  The Central Bank of Turkey said in a statement that it directly intervened in the market through selling operations due to unhealthy price formations in exchange rates. The price of the Turkish lira collapsed against the dollar during today’s trading, to reach its highest price at 17.07 during today’s trading, …

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• 17 December 2021 2:35 pm

  UK retail sales positively exceed expectations

  

  Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and recorded a positive reading for the second time in a row, as the retail sales index recorded a growth of 1.4%, compared to market expectations of a growth of about 0.8% …

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• 17 December 2021 1:22 pm

  Oil Prices Are Heading Towards a Weekly Loss Due to The Uncertainty Related to Omicron

  

  Oil prices fell on Friday, heading towards a slight weekly loss, with an increase in infections with the new Omicron mutant from the Coronavirus, which reinforced fears of imposing new restrictions that may negatively affect demand for fuel, while the decline in the dollar supported commodity markets on a large …

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• 17 December 2021 12:40 pm

  Gold Rises to $1809, Targets $1827

  

  Gold prices are hovering around the top intraday, up 0.51% on the day near $1,809, as they brace for their biggest weekly jump in six ahead of Friday’s European session On the way to 1928. The yellow metal is cheering for a weak US dollar, buoyed by downbeat Treasury yields, …

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• 17 December 2021 12:31 pm

  Record Decline of The Turkish Lira After The Interest Rate Cut

  

  The Turkish lira hit a record low against the dollar on Friday, a day after the central bank announced another interest rate cut as part of President Recep Tayyip Erdogan’s economic program. The lira was down 2 percent at 16 per dollar, compared to its close of 15.675 on Thursday. …

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• 17 December 2021 12:29 pm

  Japan Shares Slide on Interest Rate Hike Fears

  

  Japanese stocks fell on Friday, reversing most of the gains made in the previous session, as investors became cautious about an interest rate hike after the US and UK central banks took steps to tighten monetary policy, while concerns related to the pivot Omicron weighed on travel-related stocks. The Nikkei …

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• 17 December 2021 3:38 am

  Market Drivers – US Session – 16-12-2021

  

  Gold was among the best performers, advancing for a second consecutive day and currently trading around $1,795 a troy ounce. Crude oil prices were also up, with the barrel of WTI currently trading at $72.50. European indexes posted substantial gains, but Wall Street was unable to follow the lead, and …

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• 17 December 2021 3:27 am

  Oil Extends Gains On Dropping Stockpile, Weaker Dollar

  

  Oil rose for a second day after the US reported the biggest crude stockpile drop since September while the dollar slipped.Futures in New York gained 2.1% on Thursday in a thinly traded session as a weaker dollar helped bolster the appeal of commodities. The price of WTI crude rose by …

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• 17 December 2021 3:14 am

  Biden: Omicron is here and going to start spreading more rapidly

  

  “Omicron is here and going to start spreading more rapidly”, said US President Joe Biden while speaking from Roosevelt Room in the White House.US looking at a winter of severe illness and death for those not vaccinated against COVID-19. “It’s past time for people to get booster shots, which they …

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