Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 15 December 2021 2:13 am

  Senate Voting On US Debt Ceiling

  

  The Senate is now voting on final passage of a bill to raise the US debt limit by $2.5 trillion, which will extend the limit into 2023.The vote is taking place after a one-time, fast-track process was put in place to allow Democrats to act alone to increase the debt …

  Read More »
• 15 December 2021 12:53 am

  The US Dollar Surges, Eying Fed’s Decisions

  

  The US dollar is up against most of its rival currencies, rising during US trading hours on the back of higher yields and weaker stocks.The US published November PPI, which jumped to a record of 9.6% YoY, much higher than the previous reading that was at 8.6%, while the core …

  Read More »
• 14 December 2021 11:27 pm

  Gold Price Better But Eying Fed’s Decisions

  

  Gold prices are under pressure on Tuesday following US data and the upcoming Federal Reserve’s decision. The yellow metal broke below the $1780 support and tumbled to $1766, reaching the lowest level since December 3.From the bottom, XAU/USD rebounded to as highs at $1777 and as of writing it is …

  Read More »
• 14 December 2021 11:00 pm

  Opposition Asks Court to Review New German Budget Move

  

  Germany’s opposition conservatives said on Tuesday they would file a complaint with the constitutional court about the new government’s plans to tap unused debt from this year’s budget for future spending on climate and economic transformation.The new government passed a supplementary budget on Monday to supercharge its climate and transformation …

  Read More »
• 14 December 2021 10:40 pm

  European Shares Close Lower Over Omicron Fears

  

  European shares closed lower on Tuesday’s trading, impacted by resurfacing fears of the new coronavirus variant; Omicron.The negative news has made headlines since early morning trading Tuesday, with some 20 manufacturing centers closed in China’s Zhigang state due to the spread of the virus. Health authorities in the UK have …

  Read More »
• 14 December 2021 9:51 pm

  Democrats Set Debt Limit Increase At USD 2.5 Trillion Ahead Senate Vote

  

  Senate Democrats on Tuesday announced they would bring up legislation to raise the debt ceiling by USD 2.5 trillion, moving to stave off the threat of a first-ever federal default until at least early 2023.The figure would allow the government to continue borrowing to finance its obligations without further action …

  Read More »
• 14 December 2021 9:34 pm

  S&P 500 drops As Traders Focus on Fed

  

  The S&P 500 falls during the New York session, it is traded is at 4,615.85, down by almost 1.02%, after the US Producer Price Index for November rose the most since 2010, on the footsteps of the last week’s CPI, as more pressures build up on the Federal Reserve Bank …

  Read More »
• 14 December 2021 8:45 pm

  WTI Surges Above Key Support Level

  

  WTI crude futures are currently trading above a key area of support in the USD 70.00 region, a psychologically important level that also coincides with WTI’s 200-day moving average (which resides at USD 70.37). In recent trade, WTI dipped under the USD 70.00 level and the 200DMA to print session …

  Read More »
• 14 December 2021 8:19 pm

  Fed’s Meeting Pulls Bitcoin Lower

  

  The more speculative assets have dropped ahead a host central bank meetings, as markets began to consider a world of tighter monetary policy.Bitcoin was not an exception, falling below USD 47,000, more than 30% off its all-time high reached just last month. Bitcoin tumbled 3.77 per cent, while Ethereum was …

  Read More »
• 14 December 2021 7:41 pm

  USD/CAD Extends Fifth Day Gains

  

  The USD/CAD pair has advanced for the fifth successive day. The pair is trading now at 1.2831 during the New York session, as the Federal Reserve begins its last two-day monetary policy meeting of 2021. Financial markets mood is risk-off or perhaps cautious as investors await if the Fed would …

  Read More »
• 14 December 2021 6:09 pm

  Market Drivers – European Session 14-12-2021

  

  The dollar rose in trading on Monday ahead of a series of central bank meetings this week including the US Federal Reserve, and investors are looking forward to how quickly to end bond buying and hints about when interest rate hikes will begin in 2022. The euro fell, as it …

  Read More »
• 14 December 2021 5:45 pm

  US: Annual PPI Rises to 9.6% in November

  

  The headline US Producer Price Index (PPI) rose at an annual pace of 9.6% in November, according to the latest report from the US Bureau of Labor Statistics on Tuesday. That was above the median economist forecast for 9.2%. MoM, PPI came in at 0.8% in November, also well above …

  Read More »
• 14 December 2021 3:32 pm

  Mining Companies Lift European Shares

  

  European shares rose somewhat on Tuesday from one-week lows as investors focused on important central bank meetings this week. The pan-European Stoxx 600 index rose 0.5%. The early gains were led by mining, chemical, and food and beverage stocks. The US Federal Reserve is expected to indicate a rapid pullback …

  Read More »