Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 9 December 2021 11:24 pm

  Asia Is Not Rushing To Buy Extra Crude Oil From KSA

  

  Higher Saudi prices for January delivery, lower overall demand for crude amid the Omicron uncertainty, the Chinese crackdown on illicit practices at its independent refiners, and refinery maintenance season starting in late Q1 2022 have resulted in Asian refiners abstaining from extra Saudi crude supply for loading in January.Refiners in …

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• 9 December 2021 10:32 pm

  China Challenged By Sputtering Economic Dilemma

  

  Chinese policymakers want to stimulate growth, but they are forced to follow policies designed to hold back debt and speculative behavior.Chinese leaders are trying to reverse a sharp growth slowdown without abandoning policies that triggered much of the weakness to begin with a tricky task that could test Beijing’s ability …

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• 9 December 2021 9:51 pm

  US Shares Retreat Despite Record Low Jobs Data

  

  Markets retreated from their previous surging for three successive trading sessions, opening lower Thursday morning, despite fresh data from the US Labour Department that showed the number of Americans filing initial jobless claims fell to the lowest level in 52 years. All major US indexes were down in early trading, …

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• 9 December 2021 9:28 pm

  Macron Criticizes UK Government Over Brexit

  

  France’s Emmanuel Macron criticized the British government on Thursday, saying post-Brexit relationships with the UK are difficult because the UK does not do what it promises to do. “I hope Britain will re-commit to proper relations”, he said. French president’s comments come against the background of the negotiations with France …

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• 9 December 2021 9:01 pm

  EIA Reports Decline In Natural Gas Supplies

  

  The US Energy Information Administration reported on Thursday that domestic supplies of natural gas fell by 59 billion cubic feet for the week ended 3 December.That compared with the average decline of 55 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.505 …

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• 9 December 2021 8:15 pm

  US October wholesale inventories surge

  

  The Commerce Department said on Thursday that wholesale inventories accelerated 2.3%, instead of 2.2% as estimated last month. Stocks at wholesalers increased 1.4% in September.US wholesale inventories increased a little bit more than expected in October, suggesting that the restocking of warehouses could again support economic growth during the current …

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• 9 December 2021 7:47 pm

  T-Yields Lower Ahead CPI Data

  

  Most Treasury yields turned lower on Thursday, as US stocks relinquished some ground following three straight days of gains.Meanwhile, bond investors are awaiting the US November consumer-price index report on Friday and a Federal Reserve policy meeting next week.Treasuries dated three years and out were seeing some modest buying on …

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• 9 December 2021 7:19 pm

  US Weekly Jobless Claims Lowest In 52 Years

  

  Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the US jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday.Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969, which saw 182,000.Initial …

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• 9 December 2021 6:03 pm

  Market Drivers – European Session 09-12-2021

  

  Based on a Reuters poll, experts said that the US Federal Reserve will raise interest rates in the third quarter of the next year 2022, earlier than expected (in the fourth quarter) a month ago. Experts believe that the reason for this early change of the US Federal Reserve is …

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• 9 December 2021 5:09 pm

  Currencies Overview: The Focus is Back on Central Bank Policies

  

  The euro, sterling, and dollar prices stabilized on Thursday on hopes that some COVID-19 vaccines could neutralize the coronavirus mutated Omicron, and analysts say attention is once again focused on monetary policy. Some concerns related to the emergence of the Omicron mutant were eased when BioNTech and Pfizer said three …

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• 9 December 2021 4:05 pm

  US Stock Futures Drop After 3 Straight Days of Rally

  

  US stock index futures fell slightly in trading on Thursday, after major indexes posted gains for the third day yesterday, as traders are betting that the economic impacts of the Omicron pivot will not be as severe as initially thought. The Dow Jones Industrial Average futures declined 109 points, the …

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• 9 December 2021 3:02 pm

  Gold Rises as The Dollar Slips Ahead of US Inflation Data

  

  Gold prices received support from the dollar’s decline to rise Thursday, but the rise in US Treasury bond yields and anticipation of US inflation data and the Fed meeting limited the rise of the non-yielding metal. The price of gold in spot transactions rose 0.2% to $ 1785.78, while US …

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• 9 December 2021 2:16 pm

  European Shares Rise After Reassurances About Vaccines Against Omicron

  

  European shares rose slightly Thursday, December 9, after positive comments from vaccine manufacturers calmed some concerns about the new mutated Omicron from the Coronavirus, while Deutsche Bank shares fell after reports that it may have violated a criminal settlement. The pan-European Stoxx 600 index rose 0.3%, after declining 0.6% in …

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