Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 21 December 2021 2:56 am

  Oil Prices Drop As Omicron Dampens Fuel Demand

  

  Oil prices slumped on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand.Brent crude futures fell $2, or 2.7%, to settle at $71.52 a barrel, while US WTI crude futures …

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• 21 December 2021 1:22 am

  Congress Passes Measure to Raise Debt Ceiling Till 2023

  

  The US Congress, Monday, approved legislation to raise the debt ceiling by $2.5 trillion, in a move that is described as preemptive to any threat of a federal default until at least 2023. The federal government has never defaulted on debt payments.One Republican and all Democrats in the House voted …

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• 21 December 2021 1:11 am

  AUD/USD Experiences Downward Bias Despite Risks

  

  The Australian dollar drops as the Wall Street session approaches the end, down BY 0.14%. The US 10-year Treasury yield has reclaimed the 1.40% threshold, underpinning the US dollar.During the New York session, the AUD/USD edges lower, trading at 0.7111. The market sentiment remains downbeat because of the Omicron outbreak …

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• 21 December 2021 12:01 am

  Gold Heading To Support Territory Before Christmas

  

  The price of gold is down on the New York session by 0.35%. The price has fallen from a high of USD 1,804.17 to a low of USD 1,791.78 so far. Spot trades at USD 1,792 as it moves in toward what would be expected to be a strong area …

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• 20 December 2021 10:44 pm

  Us Dollar Index Remains Steady Amid BBB Row

  

  The US Dollar Index, DXY, drops by 0.33%, settling at 96.48 during the day as the New York session. The market sentiment is relaxed, with major US shares falling between 1.51% and 2.86%.Factors like US President Biden’s failure to get his $2 trillion BBB project backed by Democrat Senator Joe …

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• 20 December 2021 10:24 pm

  US Economic Forecast Cut After Biden’s BBB Rejected

  

  Senator Joe Manchin’s opposition to the Build Back Better Act prompted Goldman Sachs to quickly dim its US economic outlook.The Wall Street firm told clients it no longer assumes President Joe Biden’s signature legislation will get through the narrowly divided Congress, citing the West Virginia Democrat’s announcement that he’s a …

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• 20 December 2021 9:16 pm

  US Shares Fall Amid Omicron, Stimulus Pessimism

  

  US shares are lower on the first trading day of the new week. The S&P 500, Nasdaq 100 and Dow all down more than 1.0% on the session. Shares’ performance comes amid fears about the rapid spread of the Omicron.The S&P 500 gapped below the 4600 level on Monday and …

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• 20 December 2021 7:54 pm

  GBP/USD Surges Despite UK Coronavirus Outbreak

  

  The GBP/USD pair has reclaimed the 1.3200 figure as US Treasury bond falls despite coronavirus outbreak in the United Kingdom.The British pound recovers from earlier losses and is able to reclaim 1.3200 amid global concerns on the Omicron variant, and surprising resignations over negotiations with the EU, as British negotiator …

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• 20 December 2021 7:20 pm

  Why Did China Cut Interest Rate In December?

  

  China’s central bank cut its main interest rate for the first time in 20 months, as authorities step up efforts to boost the economy that has been hit by pandemic-related curbs, a real estate slump and an unprecedented crackdown on private enterprises.The People’s Bank of China on Monday lowered its …

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• 20 December 2021 5:41 pm

  Dollar Settled And High-Risk Currencies Decline Due to Omicron’s Fears

  

  Currencies including the Australian dollar and the British pound fell on Monday amid fears that further restrictions may be imposed in Europe to contain the mutated Omicron from the coronavirus. Investors shifted their focus to the potential impact of the rapid spread of the new mutation after the Netherlands imposed …

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• 20 December 2021 4:30 pm

  OPEC + Compliance to Cut Production Rose to 117% in November

  

  A report indicated that the compliance of “OPEC+” with the agreement to cut production in November amounted to 117%, which is a level higher than the 116% recorded in the previous October. These data indicate that the Group’s production levels are still below the agreed targets. The sources also told …

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• 20 December 2021 2:58 pm

  The Turkish Lira Fell to a New Low

  

  The price of the US dollar rose against the Turkish lira by about 6% in today’s transactions, to record the Turkish currency’s new low at 17.41 lira to the dollar. The prices of the Turkish currency are affected as a result of the inflation that Turkey is currently witnessing, which …

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• 20 December 2021 2:24 pm

  European Shares Drop 2% on Omicron’s Fears

  

  European shares fell amid a global sell-off as investors worried about the prospects of restrictions affecting the global economy with the increase in cases of the new mutated Omicron from the Coronavirus. The pan-European Stoxx 600 index fell 2.3 percent to its lowest level in more than two weeks. The …

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