Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 30 December 2021 7:52 pm

  OPEC+ Likely To Stick To Existing Policy At 4 January Meeting

  

  According to sources speaking with Reuters, OPEC and allies would likely stick to existing oil production policy at the upcoming 4 January 2022 meeting.This would mean hiking output by 400,000 barrels per day starting next February. The sources cited an easing of concerns about the impact that the spread of …

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• 30 December 2021 7:23 pm

  ECB can end bond purchases sooner if inflation surprises persist

  

  European Central Bank governing council member and Dutch central bank head Klaas Knot said on Thursday that the bank could end its bond-buying programmes sooner if inflation continues to surprise on the upside. Knot added that it is now appropriate for the bank to prepare for gradual monetary policy normalization …

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• 30 December 2021 5:30 pm

  Turkish economic confidence falls 1.8% in December -stats institute

  

  Data from the Turkish Statistical Institute revealed on Thursday that the confidence index in the country’s economy fell 1.8 percent month-on-month in December to 97.6 points. The index, which indicates optimistic expectations when it exceeds 100 points and pessimistic expectations when it falls below that, hit a record low last …

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• 30 December 2021 1:57 am

  European Shares Rise as Fears of Omicron Recede

  

  European shares rose on Thursday on hopes that new restrictions may not be required to combat the Covid-19 pandemic in 2022 and expectations that the mutant omicron will be less affected, but gains remained limited due to an increase in infections with the disease. By 0815 GMT, the pan-European Stoxx …

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• 30 December 2021 12:16 am

  Market Drivers – US Session – 29 December 2021

  

  The US Dollar Index closed the second straight day in the positive territory and continues to inch higher on Wednesday but markets are likely to remain quiet ahead of the New Year holiday.Omicron stands as a downside risk in the housing market. A reading of pending home sales also out …

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• 29 December 2021 11:57 pm

  WTI Steadies Above USD 76

  

  WTI’s US crude oil benchmark rises in the New York session by some 0.62%. The US crude oil benchmark, advances during the New York session, trading at USD 76.39. Oil investors reacted positively to Omicron-related worries, pushing WTI prices from USD 68.50 up to USD 77.20 in the last eight …

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• 29 December 2021 10:46 pm

  USD/CAD Remains Steady Amid Falling Oil Prices

  

  The USD/CAD is trimming some of Wednesday’s losses, down by 0.05% as COVID-19 worries ease, as studies have shown that leads to milder symptoms that could be treated outside the hospital.The USD/CAD has fallen during the New York session, trading at 1.2809. Investors’ mood is mixed, as US equity indices …

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• 29 December 2021 10:31 pm

  Elon Musk Owes USD 11 Billion Taxes After Wrapping Up Tesla Stock Sales

  

  Elon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He will end up with one of the largest tax bills in history to show for it.The Tesla CEO exercised options to buy another 1.6 million shares, and sold 934,090 of those shares for …

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• 29 December 2021 8:24 pm

  US Trade Deficit in Goods Soars to Record Figures With Faster Economic Recovery

  

  US Inventories rose rapidly as businesses sought to stock up for the holiday shopping season. Container ships are anchored off the ports of Long Beach and Los Angeles to unload imported goods. The trade deficit in goods surged by 17.5% in November to set an all-time high, largely reflecting faster …

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• 29 December 2021 7:27 pm

  GBP/USD Rallies To Fresh Highs

  

  On Wednesday, the British pound surges by 0.31%. Thin liquidity conditions, and the lack of economic data, currently exacerbate volatility in the last days of the year.The British pound rallies trading the New York session, trading at 1.3452 at press time. Investors’ mood is mixed, as depicted by European stock …

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• 29 December 2021 6:23 pm

  Market Drivers – European Session 29-12-2021

  

  The US merchandise trade deficit widened to a record level in November due to a jump in imports and a fall in exports. The US Commerce Department said on Wednesday that the goods trade deficit increased 17.5 percent last month to $97.8 billion, from $83.2 billion in October. That exceeds …

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• 29 December 2021 5:51 pm

  Rising Risk Appetite Brings The Yen to Its Lowest Level in a Month, And The Euro is Falling

  

  The euro slipped in thin trade over the Christmas holiday on Wednesday and the dollar pushed the yen to a one-month low as investors shrugged off a spike in omicron infections with renewed risk appetite. The Australian dollar rose as stocks rose, but the euro bucked the trend, falling 0.2 …

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• 29 December 2021 2:49 pm

  Bank And Retail Shares Support European Stock Exchanges in Thin Trading

  

  European shares extended their rally for the third day in a row on Wednesday, boosted by bank and retailer shares despite concerns raised by rising COVID-19 cases about the economic outlook for the new year. The pan-European STOXX 600 index rose 0.2 percent by 0815 GMT, with shares of retailers, …

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