Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 1 December 2021 3:00 pm

  UK Final Manufacturing PMI Revised Down in November

  

  The UK manufacturing sector activity expanded less than expected in November, the final report from IHS Markit confirmed on Wednesday.  The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised lower from 58.2 to 58.1 in November, missing an estimation of 58.2. “Manufacturers are facing a challenging …

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• 1 December 2021 2:43 pm

  Market Drivers – Asian Session 1-12-2021

  

  Markets are still concerned about the Corona mutant, Omicron, and the first case was detected in Japan, despite the country closing its borders to arrivals from other countries. Spot gold rose 0.3 percent to $1,778.56 an ounce. US gold futures rose 0.2 percent to $1,780.60. On Tuesday, gold fell to …

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• 1 December 2021 1:40 pm

  Oil Rises More Than 3% Ahead of an OPEC Meeting, Amid Fears of Omicron

  

  Oil prices rose more than 3 percent on Wednesday, offsetting some sharp losses incurred during the previous session, as major producers prepare to discuss how to deal with the threat to fuel demand from the mutated Omicron. Brent crude futures rose $2.46, or 3.6 percent, to $71.69 a barrel by …

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• 1 December 2021 12:45 pm

  Japanese Stocks Stop Losing Streak, And Omicron Limits Gains

  

  Japanese stocks closed higher in choppy trading on Wednesday after three consecutive sessions of heavy losses, but uncertainty over the impact of the omicron capped gains. The Nikkei index ended trading on Wednesday, up 0.41 percent to 27,935.62 points, after rising nearly 1 percent. The broader TOPIX index compensated for …

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• 1 December 2021 3:45 am

  Market Drivers – US Session – 30-11-2021

  

  Uncertainty Behind Volatile US Session Risk-aversion is increasingly becoming a key word in the market context. The US dollar firstly fell but changed course during US trading hours to reach weekly highs against most major rival currencies.Concerns around the coronavirus pandemic rotated during the first half of the day, with …

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• 1 December 2021 3:28 am

  Gold Prices Impacted By Hawkish Comments

  

  Gold futures are currently traded lower by -2.20 at 1774.95 per ounce during on Tuesday after giving back some earlier gains because the precious metal got impacted by comments from U.S. Fed’s Powell sent buyers to selloff. According to the current market sentiment, Powell was able to send hawkish waves …

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• 1 December 2021 1:32 am

  US Debt Ceiling Debate New Round

  

  US showdown is looming again as Congress returns to the thorny issue facing urgent deadlines to avoid debt ceiling limit default. Failure to reach agreement on funding bills or debt ceiling would profoundly impact the country and Biden’s Administration, while failure to agree on a final form of the USD …

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• 1 December 2021 1:01 am

  Gap Between US Job Market, Recovery Getting Wider

  

  While wider optimism has spread believing the job market is getting better, a lot of US citizens believe the actual economy s getting worse and worse.Claims for unemployment benefits retreated to lowest point since 1969 the week before Thanksgiving in an amazing rebound from the levels earlier during the Covid-19 …

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• 1 December 2021 12:17 am

  Erdogan To Boost Employment By Lower Interest Rates

  

  Speaking on State TV in Turkey on Tuesday, Turkish President Recep Erdogan said that he will boost investment, employment, growth and production by lowering interest rates.Interest rates are the cause and inflation is the result, he continued, adding that he thinks economic growth in 2021 will be about 10%. Hopefully …

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• 1 December 2021 12:01 am

  Fed’s Clarida: US Labour Market Tighter Now

  

  Fed Vice Chair Richard Clarida said on Tuesday that the labour market right now is a lot tighter than it was following the previous two recessions and that wages gains are healthy but not out of line with productivity.Adverse supply shocks can be a challenge for monetary policy, he added, …

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November, 2021

• 30 November 2021 11:03 pm

  Vaccine Concerns Push Crude Oil Down

  

  Crude oil prices stumbled on Tuesday US crude futures fell by more than 6%, after Moderna’s chief ignited doubts about the efficiency of COVID-19 vaccines against the Omicron variant, startling financial markets and heightening worries about oil demand.Brent crude futures fell $2.95, or 4%, to $70.49 a barrel by 12:12 …

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• 30 November 2021 10:43 pm

  GBP/USD Crashes After Powell’s Comments

  

  The sterling fell to a one-year low versus the US dollar Tuesday due to the sentiment of divergence between the Federal Reserve and the Bank of England following hawkish comments from Fed’s chairman Jerome Powell. GBP/USD is trading at 1.3250 and down around 0.5% on the day so far, falling …

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• 30 November 2021 10:15 pm

  BofA: Metaverse Avails Massive Crypto Opportunities

  

  The metaverse is a massive opportunity for the crypto space, according to a Bank of America strategist; Haim Israel who predicted that cryptocurrencies will finally be used widely for transactions in virtual worlds.He said crypto-based platforms will need developing, creating “a big opportunity for this entire ecosystem.”The metaverse is a …

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