Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 22 December 2021 10:55 am

  Oil Prices Stabilize as Concerns Remain Over Omicron

  

  Oil prices stabilized on Wednesday, December 22, as traders awaited indicators of fuel demand amid fears related to Covid-19 after Singapore suspended travel without quarantine, and Australia renewed its vaccination campaign as cases of the mutant Omicron of the Coronavirus rose. Brent crude futures rose eight cents, or 0.1%, to …

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• 22 December 2021 10:20 am

  The US Current Account Deficit Rises to $214.8 Billion in Q3

  

  The US current account deficit widened to $214.8 billion in the third quarter of this year, while it was expected to record $205 billion, marking its highest level since the third quarter of 2006, according to the US Department of Commerce. The data showed a deficit of $198.3 billion in …

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• 22 December 2021 5:36 am

  US: Final Estimate Shows Q3 GDP Grew by 2.3%

  

  According to the US Bureau of Economic Analysis (BEA)’s final GDP estimate, the US economy grew at an annualized QoQ pace of 2.3% in Q3 2021, above the prior estimate for a growth rate of 2.1%. to be updated …

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• 22 December 2021 4:57 am

  Market Drivers – US Session – 21-12-2021

  

  The US Dollar Index fell by 0.04%, sitting at 96.48 during the New York session. The market sentiment is positive, with major US shares rising between 1.60% and 2.80%. US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have …

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• 22 December 2021 4:16 am

  Europe In Crisis, WTI Crude Above USD 71 Despite Positive Data

  

  WTI crude oil battles monthly resistance line after rising the most in over two weeks. The oil benchmark retreats to USD 71.22 during early Wednesday morning in Asia.Crude oil benefited from the market’s optimism to overcome the virus-related fears. Though, the weekly industry inventory report by the American Petroleum Institute …

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• 22 December 2021 2:35 am

  Wall Street Rebounds As Risk Appetite Surges

  

  Wall Street’s equity markets rebounded from Monday’s retreat as risk appetite surged and recovered from a three-day decline ahead of the Christmas holiday later this week. The Dow Jones Industrial Average rose 1.5% to 35,441.21, the S&P 500 increased 1.6% to 4,639.79, and the Nasdaq Composite was up 2.2% to …

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• 22 December 2021 12:37 am

  Biden Covid Speech: We are prepared for what’s coming

  

  US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have patriotic duty to get vaccinated, Biden added.Biden also noted “We are not going back to March 2020, we can keep our K-12 schools open”. US markets are brushing the …

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• 21 December 2021 11:53 pm

  WTI Crude Climbs Back to USD 71

  

  WTI crude futures jumped around 4% to above USD 71 per barrel on Tuesday, after falling more than 5% in the previous two sessions as traders reassessed the demand outlook amid rising Covid cases globally and fresh lockdowns in some countries. British Prime Minister Boris Johnson said he would tighten …

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• 21 December 2021 11:37 pm

  US Natural Gas Rebounds From Near 5-Month Low

  

  US natural gas futures traded around $3.9 per million British thermal units in the third week of December, after hitting a near five-month low of $3.69 on December 17th, amid a surge in US exports and domestic forecasts for colder weather during the next month. The EU natural gas prices …

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• 21 December 2021 10:53 pm

  US Shares Sharply Surge After Three Day Drop

  

  Markets staged a considerable comeback on Tuesday, with all three major averages up more than 1% as investors weighed news of federal involvement to mitigate Omicron and imminent authorization of an at-home Covid-19 treatment.In a turnaround from earlier losses, the Dow rallied more than 500 points during intraday trading, up …

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• 21 December 2021 9:40 pm

  US GDP Above Pre-Pandemic Levels In 2021

  

  The pandemic remained a major force influencing growth in the US economy in 2021. But as vaccinations picked up and stay-at-home orders began to be lifted, the economy took considerable steps to recove throughout the year.Despite being behind pre-pandemic levels on many major metrics, on other metrics, and notably on …

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• 21 December 2021 9:23 pm

  October Canada’s Retail Sales Stronger Than Expected

  

  Data released on Tuesday showed Retail Sales rose in Canada 1.6% in October, above expectations. According to analysts at the National Bank of Canada, the rebound at car dealers helps lift retail sales further above pre-crisis level. Analysts also see October’s retail sales report heralding a strong end of the …

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• 21 December 2021 8:41 pm

  European Shares Surge On Vaccine-Related Hopes

  

  European stocks tracked a global market rebound Tuesday, boosted by hopes that vaccines will work to stem the tide of surging omicron cases. However, a brewing energy crisis appeared to loom with a key Russian pipeline reversing course and raising questions about whether politics were behind the reversal.The Stoxx Europe …

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