Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 3 December 2021 1:44 am

  CAD Steadies Low Due To Omicron Risks

  

  The Canadian dollar strengthened slightly against its US counterpart on Thursday but held near its lowest level in over two months, as investors assessed the global economic impact of the Omicron coronavirus variant and looked ahead to domestic data.The Canadian dollar was trading 0.1% higher at 1.2807 to the USD, …

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• 3 December 2021 1:19 am

  S&P 500 Recovers Amid Unpredictable Market

  

  US equity market conditions remained for the most part uneven and unpredictable on Thursday and the S&P 500, which sold off sharply into the Wednesday closing the session under the 21-day moving average in the 4510s, bounced in early Thursday trade and now trades nearly 1.7% higher on the day …

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• 3 December 2021 12:45 am

  US Shares Rise After Omicron-Driven Selloff

  

  Stocks jumped Thursday, continuing a unrestrained week for markets driven by uncertainty about the potential impact of the Omicron strain on public health and the economic recovery.Shares rose, with the S&P 500 and Dow Jones more than recouping Wednesday’s losses as of late afternoon. All 11 sectors of the S&P …

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• 3 December 2021 12:29 am

  Jobs Data, Fed Speakers Push T-Yields Higher

  

  US Treasury yields jumped higher on Thursday as investors returned to attractive riskier assets and Federal Reserve officials talked up a quicker end to the central bank’s bond purchases.The benchmark 10-year yield , which had fallen to as low as 1.409% earlier in the session, was last 2 basis points …

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• 2 December 2021 11:43 pm

  WTI Choppily Traded Ahead OPEC+ Decision

  

  Thursday has been a uneven day for crude oil prices, as traders eye OPEC+ decision to hike concerning January production.The big news of the day was OPEC+’s decision to surprise markets by not choosing to halt output hikes in January but to press ahead with another incremental 400000 barrel per …

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• 2 December 2021 11:20 pm

  NZD, GBP Gainers, But EUR/USD Retreats

  

  The Euro drops sharply during the New York session, down 0.08%, trading around the 1.1300s. In the last two hours, the market sentiment has been mixed. European stock indices finished the session in the red territory, contrarily of rising US indices across the pond. The NZD and the GBP are …

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• 2 December 2021 10:59 pm

  German Bond Yields Fall On Omicron Concerns

  

  Eurozone government bond yields fell on Thursday as the new Omicron coronavirus variant dampened risk sentiment.European shares dropped after a recovery in stock markets overnight was wiped out when United States identified its first known COVID-19 case caused by the Omicron variant in a fully vaccinated patient. read moreThat news …

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• 2 December 2021 9:47 pm

  Bostic: Maximum Employment Might Be Fewer Than Before

  

  Raphael Bostic, President of the Federal Reserve Bank of Atlanta, said on Thursday that the Fed is open to the possibility that maximum employment might be fewer jobs than before. Additional Comments:“Understanding what maximum employment is in the current environment will take some time.”“My interest rate path is to go …

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• 2 December 2021 8:54 pm

  Fed’s Bostic pushes for ending QE taper sooner

  

  Raphael Bostic, President of the Federal Reserve Bank of Atlanta, said on Thursday that he would push for getting the QE taper over with sooner rather than later. Additional Comments:“We do need to be tapering bond purchases, have served purpose.”“Tapering will provide more optionality in 2022 on interest rate liftoff.”“If …

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• 2 December 2021 8:13 pm

  Natural Gas Futures Lower Ahead of EIA Data

  

  Continued weather-driven poor demand expectations keep pressuring natural gas futures in early trading Thursday as the market awaited the latest round of weekly government inventory data. The January Nymex contract was off 9.8 cents to $4.160/MMBtu.Estimates ahead of the latest Energy Information Administration (EIA) storage report, scheduled for today, point …

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• 2 December 2021 8:04 pm

  Panetta: Inflation Hitting Eurozone Recovery

  

  The economic recovery from a pandemic in the Eurozone is still incomplete and the recent inflation shock along with a new pandemic waves are endangering the rebound, European Central Bank policymaker Fabio Panetta said on Thursday.“The inflationary spike stemming from global supply shocks and the resurgence in the pandemic are …

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• 2 December 2021 7:27 pm

  EUR/USD Expected to Boom In 2022

  

  The US dollar is expected to stay strong in 2022. EUR/USD and USD/JPY could trade at 1.10 and 120.00, respectively.Those expectations are based upon the idea that sharper Fed tightening cycle to push the dollar ahead. Assuming that Omicron risks play out closer to the benign end of the spectrum, …

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• 2 December 2021 6:30 pm

  Market Drivers – European Session 02-12-2021

  

  Markets are awaiting the results of the OPEC meeting, as well as the US jobs report tomorrow. According to sources cited by Reuters, OPEC+ may as an option discuss hiking output by just 200K barrels per day (BPD) in January versus the current agreement which stipulates 400K BPD monthly output …

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