Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 28 December 2021 7:22 pm

  WTI Back Above USD 76.00 As Traders Eying Omicron Risk

  

  WTI trades above USD 76.00, supported as Omicron pessimism is in focus during Tuesday’s US session and amid supply outages.WTI only trades about USD 2.0 below pre-Omicron levels above USD 78.00, suggesting fears of economic disruption have generally been assessed.Oil prices have trimmed earlier gains with front-month WTI futures currently …

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• 28 December 2021 6:12 pm

  Market Drivers – European Session 28-12-2021

  

  The market was quiet due to the Christmas and New Year holidays. Gold traded in the morning hours at $1809 an ounce, adding nearly $10, while the dollar index is still low and is trading at 96 against a basket of foreign currencies. The US Treasury yields also recorded a …

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• 28 December 2021 5:42 pm

  US Stock Index Futures Witness Record Highs

  

  The futures contracts for US stock indices rose significantly in trading on Tuesday morning, accompanied by a rise in the US dollar index after its decline over the past period since the US Federal Reserve meeting, and all this in light of the ongoing celebrations for the upcoming new year …

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• 28 December 2021 4:01 pm

  US Natural Gas Contracts Rise to Record Levels

  

  US natural gas futures traded around $3.9 per million British thermal units in the third week of December, after hitting US natural gas futures extended gains, after rising at the highest pace in two months, supported by snowstorms in parts of the country. And futures contracts for January delivery rose …

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• 28 December 2021 2:29 pm

  The safe-haven yen fell to its lowest level in a month as fears of Omicron subsided

  

  On Tuesday, the Japanese yen fell to its lowest level in nearly a month against the US dollar as the tide turned against the safe-haven currencies after Wall Street rose to a record high that overshadowed fears of the pivot Omicron. The Japanese currency fell to 114.935 yen against the …

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• 28 December 2021 1:21 pm

  European Shares Rise, Driven by Wall Street Gains

  

  European shares rose to a five-week high on Tuesday, boosted by record gains on Wall Street, despite persistent omicron concerns as France tightened control restrictions while infections surged in Spain and Britain. The pan-European Stoxx 600 index rose 0.6 percent after rising 0.6 percent in the previous session, its highest …

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• 28 December 2021 12:30 pm

  Gold Prices Fall From a one-week High

  

  Gold prices retreated from a one-week high in weak trading on Tuesday after easing concerns about the mutated Omicron strain of the coronavirus and strong US retail sales data boosted risk appetite. And the price of gold in spot transactions 0.1 percent to 1809.68 dollars an ounce (an ounce) by …

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• 28 December 2021 11:38 am

  Oil Continues to Rise as Fears of Omicron Subside

  

  Oil prices continued to rise on Tuesday, approaching the highest level in a month reached in the previous session, thanks to expectations that the mutant Omicron of the Coronavirus will have only a limited impact on global demand. Brent crude rose 14 cents, or 0.1 percent, to $ 78.74 a …

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• 28 December 2021 11:02 am

  The Turkish Lira is Falling After Record Highs

  

  The Turkish lira fell after record highs over five days, disregarding the messages of reassurance from the government. The currency fell 6.2% to 11.3399 per dollar, on a weak trading day, and since the beginning of the year, the lira has lost 34% of its value, which is the largest …

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• 28 December 2021 3:51 am

  Market Drivers – US Session – 27 Dec.

  

  Investors and traders quietly resumed activity immediately after turning from a long weekend, with a thrust of optimism as reports suggest that the Omicron variant is much less serious. Before the end of the trading session, news came from France about the reintroduction of restrictions on Omicron Covid-19 spike, the …

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• 28 December 2021 3:20 am

  Will Antitrust Versus Inflation Strategy Ease Biden’s Worries?

  

  As rising inflation threatens his presidency, US President Joe Biden is turning to the federal antitrust authorities to try to tame hot price increases that his administration believes are partly driven by a lack of corporate competition.Biden pushed the Agriculture Department to begin investigation on large meatpackers that control a …

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• 28 December 2021 1:46 am

  Institutional Investors Overcome Barriers To Bitcoin

  

  Before 2000, most traditional institutional investment portfolios did not allocate to commodities and traditionally balanced portfolios of stocks (60 percent) and bonds (40 percent) were the prevalent norm with no alternatives across the board. Given that diversification is a significant catalyst for investment, portfolios started greater diversification into alternatives and …

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• 28 December 2021 1:18 am

  Mastercard’s Holiday Data Signaling Growing Online Shopping

  

  It has been another busy holiday season this year with online sales growing 11% year-over-year (YoY) according to the latest Mastercard SpendingPulse market intelligence which focuses on the measurement of in-store and online retail sales across all modes of payment.The data, which covers sales from 1 November to 24 December …

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