Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 3 December 2021 1:03 pm

  Inflation in Turkey Jumps to a 3-Year High as The Lira Tumbles

  

  Data on Friday showed that inflation in Turkey rose more than expected to 21.31% on an annual basis in November, its highest level in three years, exacerbating the decline in real yields after the unprecedented decline of the lira to its lowest levels ever. The Turkish Statistical Institute said consumer …

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• 3 December 2021 12:30 pm

  Japan’s Nikkei Reverses Its Trend And Closes Higher

  

  Japan’s Nikkei index reversed course to close higher on Friday, led by travel and leisure stocks, as investors cashed in on battered stocks amid concerns about the impact of the mutated Omicron strain of the coronavirus. The Nikkei rose 1%, the largest percentage increase in three weeks, to close at …

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• 3 December 2021 4:41 am

  Wall Street Banks Ponder Crypto-Backed Loans

  

  A number of US banks including Goldman Sachs are considering how to use bitcoin as security for cash loans to institutions.Banks such as Goldman will not touch cryptocurrency spot markets but still tend to synthetic crypto products such as futures. Emulating tri-party repo type arrangements, banks are searching for ways …

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• 3 December 2021 4:28 am

  Market Drivers – US Session – 2 Dec. 2021

  

  The outlook for the US economy is still clouded by the emergence of Omicron strain, this may see the US’s renewed lockdown which would benefit the Swiss franc and other safe havens. Optimism is struggling to find its way through uncertainty ahead to global financial markets until Thursday’s session closing. …

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• 3 December 2021 3:43 am

  Pre-NFP Support Helps USD/CHF Maintains Calm

  

  USD/CHF found good support at its 200-day moving average for a third consecutive day on Thursday. The pair has been hovering just to the north at close to 0.9180 since Tuesday, during which time it has rolled within a fairly tight 0.9180-0.9220 range. The pair has been going sideways despite …

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• 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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