Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 25 December 2021 5:36 am

  Market Drivers – US Session – 24-12-2021

  

  Gold rose for the second successive week and finished slightly below $1810 after rebounding from $1783. It was unable to hit fresh monthly highs.The precious metal continued to improve its outlook, with a close above the 55-week simple moving average. The upside continues to face resistance around $1810/15. A break …

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• 24 December 2021 11:53 pm

  Why IMF’s Worries About Cryptocurrencies

  

  The International Monetary Fund is concerned about cryptocurrencies, chiefly because the promising market is growing at a noteworthy pace and regulation is not coping with such a pace.The total market value of all crypto assets surpassed USD 2 trillion in September this year, representing a 10-fold jump from levels seen …

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• 24 December 2021 10:44 pm

  Latest inflation Wave Worst Obstacle Ahead US Economic Recovery

  

  Over the course of a year, consumer prices rose by 5.7%, the fastest surge of inflation seen in decades. Now, the omicron variant of COVID-19 is threatening any progress the country’s economy has made.In the late 1970s when inflation surged to 7, 8, 9, up to 11%, it was a …

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• 24 December 2021 8:47 pm

  EUR/USD Above 1.1300 Ahead Of Christmas Eve

  

  The shared currency losses against the US dollar but remains above the 1.1300 figure. EUR/USD price is barely down late in the European session, trading at 1.1318. As US markets as a whole remain closed on Christmas eve, the market sentiment is positive. On Friday, the US dollar benefits from …

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• 24 December 2021 8:40 pm

  European Stocks Close Mixed On Christmas Eve

  

  The European stock markets closed mixed on Christmas Eve with the French CAC easing 0.1% from 5-week highs.The Dutch AEX flat around 2-week highs and the UK’s FTSE 100 finishing 0.2% up around 21-month highs amid thin trading volumes and as investors were monitoring developments around omicron coronavirus variant and …

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• 24 December 2021 7:35 pm

  Bitcoin Surges Above USD 50000 In Holidays Week

  

  Bitcoin moved above $50,000 for the first time since 13 December though the cryptocurrency trading on Friday around USD 50870.90, continued to take investors on a roller coaster ride in 2021.One thing that stood out was how crypto went mainstream. The biggest change was El Salvador becoming the first country …

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• 24 December 2021 7:16 pm

  China Extends Tariff Exemptions On US Goods Till June 2022

  

  China’s finance ministry has announced on Friday that they will be extending tariff exemptions on some imported goods from the United States until June 30, 2022. There was no immediate market reaction to this news as trading conditions remain thin on Christmas Eve. From January 2020 through November 2021, China’s …

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• 24 December 2021 5:02 pm

  Brent Crude Fell 1% amid Thin Trading

  

  Brent crude futures fell 1% to $76 a barrel on Friday, coinciding with holiday liquidity tightening and closures due to Omicron as US markets were closed for holidays. Although Omicron has caused some travel restrictions and increased infections, a British health agency said the mutant was less likely to lead …

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• 24 December 2021 2:46 pm

  European shares settled at the open in thin trade during the Christmas

  

  European shares settled at the open on Friday in light of weak trading during the Christmas holidays, after global stocks rose recently on indications that the mutated Omicron may not derail the recovery of the global economy. The pan-European Stoxx 600 index was stable by 0930 GMT, after rising nearly …

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• 24 December 2021 1:28 pm

  The Dollar is Witnessing The Worst Week

  

  The dollar headed for its worst week since September, while other risk-friendly assets from bitcoin to the Australian dollar maintained their recent gains buoyed by easing concerns about the severity of the new COVID-19 mutation. MSCI’s Asia Pacific shares outside Japan rose 0.2%, and Japan’s Nikkei rose 0.1% after the …

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• 24 December 2021 12:30 pm

  Nikkei Declines After Discovering Local Infections Of Omicron in Japan

  

  The Nikkei index gave up small gains and fell on Friday, as investor sentiment was negatively affected by the news of the discovery of the first local cases of the omicron of the coronavirus in Tokyo. The Nikkei fell 0.05 percent to close at 28,782.59 points, after rising by 0.25 …

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• 24 December 2021 11:37 am

  Russia Expects Gas Prices to Rise in 2022

  

  Russian Deputy Prime Minister Alexander Novak said Friday, December 24, that he expects relatively high gas prices next year, according to the Interfax news agency. Europe relies on Russia to provide about 35% of its natural gas needs, the price of which has risen to an all-time high on the …

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• 24 December 2021 10:34 am

  Brent Crude Futures Are Down in Limited Trading After a Three-Day Rally

  

  Brent crude futures edged higher to USD 74.2 per barrel on Wednesday, after rebounding more than 3% in the previous session, as shrinking inventories and an energy crunch in Europe more than offset worries about new restrictions to combat the Omicron spread that could dent fuel demand. Oil prices fell …

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