Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 9 December 2021 3:02 pm

  Gold Rises as The Dollar Slips Ahead of US Inflation Data

  

  Gold prices received support from the dollar’s decline to rise Thursday, but the rise in US Treasury bond yields and anticipation of US inflation data and the Fed meeting limited the rise of the non-yielding metal. The price of gold in spot transactions rose 0.2% to $ 1785.78, while US …

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• 9 December 2021 2:16 pm

  European Shares Rise After Reassurances About Vaccines Against Omicron

  

  European shares rose slightly Thursday, December 9, after positive comments from vaccine manufacturers calmed some concerns about the new mutated Omicron from the Coronavirus, while Deutsche Bank shares fell after reports that it may have violated a criminal settlement. The pan-European Stoxx 600 index rose 0.3%, after declining 0.6% in …

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• 9 December 2021 1:26 pm

  German Exports Rise 4.1% in October

  

  Data on Thursday, December 9th, showed that German exports increased much more than expected in October despite persistent supply bottlenecks in the manufacturing sector, suggesting that Europe’s largest economy may be on the way to recovery. The Federal Statistics Office said that exports, after adjusting for seasonal factors, increased by …

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• 9 December 2021 5:26 am

  Market Drivers – US Session – 8-12-2021

  

  US shares remarkably surged Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.31% to 4,701.21 and the Dow Jones Industrial Average DJIA rising 0.10% to 35,754.75. Stocks surged led by overall positivity across the financial markets …

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• 9 December 2021 4:54 am

  Poll: Fed to lift rates in Q3 2022,

  

  Reuters’ survey of economists cites persistently higher inflation to mark the shift in expectations for lift-off to Q3 from Q4 next year. Even so, “Rising COVID-19 cases around the world and the emergence of the Omicron coronavirus variant, along with renewed restrictions in some countries underscore that the pandemic is …

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• 9 December 2021 2:59 am

  Several Stocks Outperform Market On Strong Trading Day

  

  US shares remarkably surged Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.31% to 4,701.21 and the Dow Jones Industrial Average DJIA rising 0.10% to 35,754.75. This was the stock’s third consecutive day of gains. Principal …

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• 9 December 2021 2:19 am

  Russian Central Bank Expected To Hike Rate As Inflation Surges

  

  Russia’s inflation, in November, is climbing to 8.4%, touching its highest reading in about six years according to the Rosstat national statistics service’s statements on Wednesday. Prices have risen over the last 18 months as the economy emerges from the coronavirus slowdown, and Russia’s Central Bank has hiked interest rates …

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• 9 December 2021 2:01 am

  Uncertainty Quakes Financial Markets

  

  The dollar reaped some strength during London trading hours but finished the day down against most major currencies. The US dollar fell despite European and American indexes closed mostly in the red territory, and while government bond yields extended gains to fresh weekly highs.Some profit-taking and the opinion that the …

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• 9 December 2021 12:32 am

  What New German Chancellor Means for Global Economy

  

  Olaf Scholz is now new German Chancellor. It is said that he feels extremely enthusiastic about the ideas he suggested years ago. Once, he described an agreement which he suggested saying that “it will really change the world”, so what other changes is Scholz capable for bringing about on the …

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• 8 December 2021 11:20 pm

  4.2 Million Americans Resigned In October

  

  As workers continued to search for better opportunities, the higher number of resignations is part of the economic disruption that continues almost two years after the coronavirus pandemic had broken out.About 4.2 million Americans quit their jobs in October as anxiety in the labour market continued to impact the US …

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• 8 December 2021 10:59 pm

  UK Moves To COVID-19 Plan B

  

  As markets, investors and traders expected, UK Prime Minister Boris Johnson announced that the UK will move to COVID-19 “plan B”.Guidance to work from home has been reintroduced, face mask requirements will now be expanded to most public venues and the NHS will make the NHS COVID Pass mandatory for …

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• 8 December 2021 10:45 pm

  Gold Price Corrects In New York As USD Slides

  

  Gold tested its 200DMA above USD 1790 earlier on Wednesday’s session but has since slipped back to the mid-USD 1780.Gold is currently in a wait to see mode ahead of Friday’s key US inflation numbers. The gold Index is trading flat in the New York session near USD 1,784 and …

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• 8 December 2021 10:29 pm

  FOMC Facing Fluctuating Facts

  

  Fed is often in the headlines whenever talk is about interest rates. Lenders know that its primary goal is to promote a strong US economy using monetary policy, with maximum employment, stable prices, and moderate long-term interest rates as goals.When prices are stable, long-term rates remain at moderate levels, so …

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