Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 22 December 2021 9:56 pm

  EIA: US crude stockpiles Below Expectation, Fuel Higher

  

  US crude stocks fell more than expected in the most recent week due to year-end tax considerations, analysts said, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fell by 4.7 million barrels in the week to Dec. 17 to 423.6 million barrels, compared with …

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• 22 December 2021 9:10 pm

  European Shares Close Higher After Rough Session

  

  European stock indices lost their momentum to trade almost flat on Wednesday, as the global rebound of last session hesitates over uncertainty and fears about the surging infections with Omicron coronavirus variant.The US spending bill, and a worrying backdrop of rising inflation rates contributed to the performance of shares on …

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• 22 December 2021 8:47 pm

  Oil Futures Higher, Brent Firmer After US Inventories Data

  

  Brent crude futures edged higher to USD 74.2 per barrel on Wednesday, after rebounding more than 3% in the previous session, as shrinking inventories and an energy crunch in Europe more than offset worries about new restrictions to combat the Omicron spread that could dent fuel demand. Government data showed …

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• 22 December 2021 8:26 pm

  GBP/USD Advances On Back of Positive US Data

  

  The sterling is sharply advancing up some 0.57%, rallying during the New York session, trading at 1.3344. The market sentiment is positive, as shown by European and US stock indices, trading in the green territory. Investors’ assessment of the Omicron variant slightly dented the market mood before Wall Street opened. …

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• 22 December 2021 8:12 pm

  Strong US Data Do Little To Impact EUR/USD

  The EUR/USD pair is extending on earlier session gains and has now persuasively cleared its earlier weekly highs around 1.1304 and is pressing on into the 1.1320s. Despite a broadly subdued tone to trade in other asset categories, like shares and bonds, currency markets have adopted a somewhat more risk-on …

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• 22 December 2021 7:33 pm

  US Existing Home Sales Rise Less Than Expected

  

  Existing home sales in the US, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 1.9% from October to a seasonally adjusted annual rate of 6.46 million in November, below market forecasts of 6.52 million. Sales were up in the Midwest, the South and in the …

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• 22 December 2021 6:10 pm

  Market Drivers – European Session 22-12-2021

  

  The Turkish lira stabilized and retained its recent gains amid highly volatile currency trading this week. The lira fell in recent trading by about 1.4 percent to 12.57 against the dollar. Still, it retained most of its gains after it rose from record low levels, in the wake of new …

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• 22 December 2021 5:07 pm

  The Dollar Rises And The Turkish Lira Maintains Its Gains

  

  The dollar rose on Wednesday, while the euro and riskier currencies such as the Australian dollar fell as traders braced for more volatility as well as the consequences of increased infections with the Omicron coronavirus. The Turkish lira stabilized and maintained its recent gains amid highly volatile currency trading this …

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• 22 December 2021 3:59 pm

  Britain’s Economy Grows Slower Than Expected Before Omicron Spread

  

  Britain’s economy grew more slowly than expected between July and September, official data revealed on Wednesday, ahead of the outbreak of the Omicron mutation that poses an additional threat to recovery this year. Gross domestic product (GDP) for the world’s fifth-largest economy rose 1.1 percent in the third quarter, less …

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• 22 December 2021 3:25 pm

  European Shares Rise With The Rise of Shares of Food Delivery

  

  European shares rose on Wednesday, led by gains in food delivery stocks, despite continuing concerns about the prospects for a global recovery in light of the increase in COVID-19 cases due to the spread of the mutant Omicron. The pan-European Stoxx 600 index rose 0.1 percent after it had jumped …

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• 22 December 2021 2:26 pm

  Nikkei Index Rises Slightly, Supported by Technology

  

  The Nikkei was slightly higher at the close on Wednesday, helped by a rise in chip and technology stocks, but its rally was limited by a fall in Nintendo Corp. The Nikkei closed up 0.16 percent after swinging between losses and small gains throughout the session in weak trading due …

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• 22 December 2021 1:29 pm

  Oxford and AstraZeneca developing Omicron-targeted version of vaccine

  

  Oxford University and AstraZeneca have begun work on an Omicron-targeted version of their coronavirus vaccine, joining the ranks of their peers who are studying the potential for adapting formulations of their shots in case they become necessary to tackle the variant. When asked about Omicron, Sandy Douglas, a research group …

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• 22 December 2021 12:44 pm

  Japan’s Nikkei Index Rises Slightly, Supported by Technology

  

  The benchmark Nikkei index rose slightly at the close on Wednesday, December 22nd, supported by a rise in chip and technology stocks, but its rise was limited by a decline in Nintendo’s shares. The index closed 0.16% higher after swinging between small losses and gains throughout the session in weak …

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