Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 24 December 2021 10:34 am

  Brent Crude Futures Are Down in Limited Trading After a Three-Day Rally

  

  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. Oil prices fell …

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• 24 December 2021 3:55 am

  Market Drivers – US Session – 23-12-2021

  

  For the second day in a row, positive sentiment has dominated financial markets worldwide on the back of some important US economic data and positive news about Covid-19.It is expected that the volume of transactions in the financial markets will witness a noticeable decline in liquidity rates, starting from Friday, …

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• 24 December 2021 3:37 am

  Will Momentum of Commodities Continue In 2022?

  

  So far, commodities have been the best performing asset class in 2021 amid record high prices, but will rising interest rates next year hold back the momentum of this investment?The sped-up tapering is signaling steeper interest rate hikes over the next two years, consequently, this will add to the US …

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• 24 December 2021 2:46 am

  What Does New US Inflation Data Reveal About Economic Outlook?

  

  The US is suffering from its highest inflation wave in 40 years according to newly released federal economic figures. For anyone hoping there would be an end to the exorbitant climb in prices before year-end, this was a disappointment. But it could be the peak.The Bureau of Economic Analysis released …

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• 24 December 2021 2:29 am

  Brexit Trade Worries Hit UK Firms

  

  British companies found it more and more hard in 2021 to trade with the European Union under the terms of the Brexit trade deal struck with the bloc, a survey showed on Thursday.The British Chambers of Commerce said 45% of companies surveyed in October found it very or relatively difficult …

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• 24 December 2021 1:51 am

  US Oil Rig Count Jumps Along With Crude Prices

  

  The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh wave of Covid-19 cases brought by the new variant of the coronavirus.Last week’s count compared with a rig count rise of …

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• 24 December 2021 1:17 am

  US Dollar Index Slides For The Fourth Consecutive Day

  

  The dollar Index (DXY) slides by 0.07% but manages to remain above the 96.02 figure as the New York session winds down. Omicron-related positive news improved market mood.So, improvement in the market sentiment increased the appetite for riskier assets and consequently weakened the dollar’s safe-haven status despite upward bias, though …

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• 24 December 2021 12:06 am

  US, UK, Japan Perform Differently In Economic Growth

  

  Surging American demand draws investment as well as interest and attention of investors from overseas while at the same time supply chains working to keep pace and driving up pricesAs the cost of groceries, clothing and electronics have gone up in the America, prices in Japan have stayed low. In …

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• 23 December 2021 11:18 pm

  Dow Jones Hits 36000 Points

  

  US stocks rose for the third straight session on Thursday, the S&P gained 0.7% marching towards intraday record high of 4,743 hit on November 22nd, the Dow Jones added more than 200 points and the Nasdaq Composite jumped 0.8% as fears that the omicron variant would derail economic growth receded …

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• 23 December 2021 9:55 pm

  Oil Extends Gains to Near 1-Month High

  

  WTI crude futures rose more than 1% to trade around $73.5 per barrel on Thursday, hovering near 4-week highs, amid an improvement in risk appetite as economic optimism grows. Despite the rise in Covid-19 cases and new restrictions, investors are betting that the economic recovery will not derail as studies …

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• 23 December 2021 9:49 pm

  Wells Fargo Expects Fed to Hike Interest Rate By Second Half of 2022

  

  Analysts at Wells Fargo, in line with market consensus see a cumulative 125 bps of rate hikes during 2022 and 2023. They expect an initial 25 bps rate hike during the third quarter and a cumulative 125 bps of rate hikes being completed by the third quarter of 2023. The …

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• 23 December 2021 9:09 pm

  Canada’s Economy Rebounds, Outlook Highly Uncertain

  

  Data released on Thursday showed GDP rose in Canada 0.8% in October and the Canadian economy is expected to grow at a 6.5% rate during the fourth quarter. GDP in Canada rose 0.8% in October as supply chain disruptions eased, at least temporarily. Motor vehicle and parts manufacturing jumped 19% …

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• 23 December 2021 8:34 pm

  US Shares Edge Higher In Final Session Before Christmas

  

  The major averages are comfortably higher on low volume as investors start to head for the exits and start the holidays.The S&P are up by +0.7%, Nasdaq +0.7% and Dow +0.6%. Ten of 11 S&P sectors are higher, led by Industrials and Materials. Real Estate is the only decliner. All …

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