Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 29 December 2021 12:02 pm

  The Turkish Lira is Falling Back Against The Dollar

  

  The Turkish lira fell 1.7 percent early on Wednesday, continuing to offset big gains made the previous week, as investors remained concerned about the country’s monetary policy outlook. The lira fell to 12.02 to the dollar by 0615 GMT from 11.8 at the close on Tuesday. Although it rose more …

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• 29 December 2021 11:36 am

  Japan’s Nikkei Index Retreats From Its Highest Level in a Month

  

  Japan’s Nikkei fell on Wednesday from a one-month high hit in the previous session, after shares of chip-related companies followed the lead of their US counterparts lower. The Nikkei index fell 0.56 percent, recording 28,906.88 points at the close. The index rose during trading on Tuesday to 29121.01 points, a …

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• 29 December 2021 10:40 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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• 29 December 2021 2:39 am

  Market Drivers – US Session – 28 December 2021

  

  Major cryptocurrencies retreated amid concerns about the Omicron variant and holiday travel disruptions worldwide. Bitcoin traded 7.4% lower from 24 hours ago at around USD 47,849. The cryptocurrency was down more than 30% from its record highs at USD 68,990 in November. Bitcoin has had a volatile end of year.The …

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• 29 December 2021 2:24 am

  Bitcoin Leads Crypto Losses

  

  Major cryptocurrencies retreated amid concerns about the Omicron variant and holiday travel disruptions worldwide. Bitcoin traded 7.4% lower from 24 hours ago at around USD 47,849. The cryptocurrency was down more than 30% from its record highs at USD 68,990 in November. Bitcoin has had a volatile end of year.Ether …

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• 29 December 2021 2:03 am

  Gold Price Scales 1-Month High On Back Of Inflation Concerns

  

  Gold prices scaled a one-month high on Tuesday as recent signs of rising inflation reinforced demand, although the safe-haven metal gave up some early gains due to a stronger US dollar.Gold dropped slightly by 0.2% to $1,807.21 an ounce by 2:40 p.m. ET, after hitting an intraday high of $1,819.85 …

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• 29 December 2021 1:49 am

  S. Korea Business Confidence Surges To 5-Month High

  

  The Business Survey Index, focusing on business conditions in the manufacturing sector in South Korea, rose to 95 in December of 2021 after three consecutive months steady at 90.The new figure is marking the highest level in the past five months. Meantime, the index measuring the outlook for January rose …

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• 29 December 2021 12:50 am

  The Dollar Advances In Quiet Trading

  

  The US dollar received some market’s attention in the American session, Tuesday afternoon, reaping daily gains against most major rival currencies.Wall Street opened with a firm tone and flirted with all-time highs, but turned lower soon afterwards, with major indexes ending the day mixed. In the absence of relevant news, …

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• 29 December 2021 12:37 am

  Will Chinese GDP Surpass The US?

  

  On the way to becoming a modern socialist country by 2035, and rich, powerful, and dominant by 2049, with the celebration of the one hundredth birthday of the People’s Republic, China aspires to claim proud rights as its GDP surpasses the United States, and project its power based on its …

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• 29 December 2021 12:03 am

  Key Global Drivers Will Continue Pushing Commodities In 2022

  

  A quick look at central bank and government policies in the wake of the pandemic will easily help conclude that there is a highly bullish trend for commodity prices. In early 2020, when the pandemic caused selling in markets across all asset classes, there was a warning that quantitative easing, …

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• 28 December 2021 10:47 pm

  US Shares Slip Back From Session Highs

  

  Receding Omicron-worries, signs of a bullish economy and positive seasonality are among bullish factors helping the shares market sentiment.The S&P 500 is trading flat on Tuesday following Monday’s stunning 1.4% surge, with the index falling back from earlier session record highs to the north territory of the 4800 level. The …

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• 28 December 2021 9:26 pm

  Fed: Biden Considers Former Fed Governor Raskin For Vice Chair Of Supervision Role

  

  US President Joe Biden is considering the nomination of former Fed board of governors member and former Treasury Department official Sarah Bloom Raskin for the role of vice chair for supervision of the banking system.For the other two board of governor seats that will some become available, Biden is reportedly …

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• 28 December 2021 8:19 pm

  US Factory Activity Accelerated in December, Richmond Fed

  

  Factory activity in the central Atlantic region of the US gained momentum in December compared with the previous month, according to a survey compiled by the Federal Reserve Bank of Richmond released Tuesday.The Fifth District Survey of Manufacturing Activity’s composite index increased to 16 in December from 12 in November, …

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