Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 2 December 2021 6:02 pm

  US: Weekly Initial Jobless Claims Rises to 222K

  

  There were 222,000 initial claims for unemployment benefits in the US during the week ending November 27, data published by the US Department of Labor (DoL) revealed on Wednesday. This reading followed last week’s print of 194,000, revised from 199,000, lower than the market’s expectation for 240,000.

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• 2 December 2021 5:29 pm

  Reuters: OPEC+ May Discuss a 200K BPD Output Hike in January Versus Current 400K BPD Agreed

  

  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 hikes into mid-2022. Moreover, a senior OPEC+ source reportedly said that sentiment at the moment is to …

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• 2 December 2021 5:10 pm

  The Dollar is Declining, Looking For Positive Data

  

  The US dollar index, which measures its performance against a basket of six major currencies, declined 16 points during today’s trading, to record 95.87 points, and traded during the day in a range between 95.87 and 96.14 points, thus 0.93% lower than its levels five days ago. The dollar received …

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• 2 December 2021 4:18 pm

  The United States Intends to Postpone The Trade Agreement With Britain

  

  The US Financial Times revealed on Wednesday that the United States intends to announce the postponement of the trade agreement with Britain, under which the tariffs on steel and aluminum coming from Britain, which had been imposed by former US President Donald Trump, would be removed. The American newspaper pointed …

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• 2 December 2021 3:08 pm

  European Shares Slip as Technology And Tourism Stocks Fall

  

  European shares fell on Thursday, following in the footsteps of US stocks Wednesday night, due to uncertainty regarding the coronavirus pandemic and the prospect of an early interest rate hike. The pan-European STOXX 600 index was down 1.1 percent, after experiencing its best session in nearly six months on Wednesday. …

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• 2 December 2021 1:53 pm

  Market Drivers – Asian Session 2-12-2021

  

  The market’s eyes are still fixed on the headlines of the coronavirus mutant, Omicron. Japanese stocks closed lower Thursday, December 2, weighed by concerns about the economic impact of the new mutated Omikorn outbreak of the coronavirus and the Federal Reserve’s shift in monetary policy. The Nikkei index closed down …

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• 2 December 2021 1:17 pm

  Gold Loses its Luster After Fed’s Statements

  

  Gold prices fell on Thursday as investors expected the Federal Reserve (the US central bank) to scale back its bond-buying program faster to counter soaring inflation despite economic concerns over the spread of the new mutated Omicron. Gold fell in immediate transactions 0.3 percent to 1777.87 dollars an ounce (an …

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• 2 December 2021 12:32 pm

  Japanese Stocks Close Lower on Omicron Fears

  

  Japanese stocks closed lower Thursday, December 2, weighed by concerns about the economic impact of the new mutated Omikorn outbreak of the coronavirus and the Federal Reserve’s shift in monetary policy. The Nikkei index closed down by 0.65%, recording 27753.37 points, falling by 1.04% earlier in the session. The broader …

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• 2 December 2021 4:03 am

  Market Drivers – US Session – 1-12-2021

  

  US President Joe Biden’s administration will extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through mid-March to address ongoing COVID-19 risks. A formal announcement extending the requirements through March 18 is expected on Thursday.The news adds to the Omicron-led risk …

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• 2 December 2021 3:52 am

  Erdogan Replaces Finance Minister, Rate Cut Impact Deepened

  

  Turkey’s President Recep Tayyip Erdogan abruptly replaced the finance minister amid deepening national debate over aggressive interest-rate cuts that have undermined the lira and fueled inflation and price pressures.Lutfi Elvan will exit after less than 12 months in office. The new minister is Nureddin Nebati, according to a decree published …

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• 2 December 2021 3:48 am

  Omicron Ignites Biden’s Extension of Mask Mandate

  

  US President Joe Biden’s administration will extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through mid-March to address ongoing COVID-19 risks. A formal announcement extending the requirements through March 18 is expected on Thursday.The White House and Transportation Security Administration …

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• 2 December 2021 3:07 am

  Solid Eurozone PMI Hides Disappointing Production Growth

  

  A strong headline PMI reading has masked just how business conditions are currently tougher for manufacturers. Although demand is strong, as reflected by a further solid improvement in new orders, supply chains continue to worsen at a worrying rate.However, the details behind the headline PMI tell a different, but worrying …

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• 2 December 2021 2:30 am

  US Total Auto Sales Down in November, EVs Bloom

  

  Narrow inventories pushed sales of new vehicles down as Toyota, Honda, Subaru, Hyundai and Kia all reported their sales dropped during November despite anticipated strong demand. Kia reported a drop in sales for November; however, its total sales through the first 11 months of 2021 surpassed the sales record the …

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