Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 14 December 2021 8:45 pm

  WTI Surges Above Key Support Level

  

  WTI crude futures are currently trading above a key area of support in the USD 70.00 region, a psychologically important level that also coincides with WTI’s 200-day moving average (which resides at USD 70.37). In recent trade, WTI dipped under the USD 70.00 level and the 200DMA to print session …

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• 14 December 2021 8:19 pm

  Fed’s Meeting Pulls Bitcoin Lower

  

  The more speculative assets have dropped ahead a host central bank meetings, as markets began to consider a world of tighter monetary policy.Bitcoin was not an exception, falling below USD 47,000, more than 30% off its all-time high reached just last month. Bitcoin tumbled 3.77 per cent, while Ethereum was …

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• 14 December 2021 7:41 pm

  USD/CAD Extends Fifth Day Gains

  

  The USD/CAD pair has advanced for the fifth successive day. The pair is trading now at 1.2831 during the New York session, as the Federal Reserve begins its last two-day monetary policy meeting of 2021. Financial markets mood is risk-off or perhaps cautious as investors await if the Fed would …

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• 14 December 2021 6:09 pm

  Market Drivers – European Session 14-12-2021

  

  The dollar rose in trading on Monday ahead of a series of central bank meetings this week including the US Federal Reserve, and investors are looking forward to how quickly to end bond buying and hints about when interest rate hikes will begin in 2022. The euro fell, as it …

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• 14 December 2021 5:45 pm

  US: Annual PPI Rises to 9.6% in November

  

  The headline US Producer Price Index (PPI) rose at an annual pace of 9.6% in November, according to the latest report from the US Bureau of Labor Statistics on Tuesday. That was above the median economist forecast for 9.2%. MoM, PPI came in at 0.8% in November, also well above …

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• 14 December 2021 3:32 pm

  Mining Companies Lift European Shares

  

  European shares rose somewhat on Tuesday from one-week lows as investors focused on important central bank meetings this week. The pan-European Stoxx 600 index rose 0.5%. The early gains were led by mining, chemical, and food and beverage stocks. The US Federal Reserve is expected to indicate a rapid pullback …

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• 14 December 2021 2:37 pm

  Market Drivers – Asian Session 14-12-2021

  

  Investors have been on the sidelines during the Asian session today ahead of this week’s big events and central banks meetings. Japanese stocks closed lower on Tuesday as cautious investors shied away from big bets ahead of meetings of the Federal Reserve and other central banks, while the spread of …

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• 14 December 2021 2:01 pm

  The US Dollar is at Its Highest Level in a Week

  

  The US dollar rose to the highest level in a week against a basket of major currencies on Tuesday, December 14, supported by expectations of tightening from the US Federal Reserve at its meeting this week and the demand for safe havens amid continued uncertainty about the Omicron pivot from …

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• 14 December 2021 1:01 pm

  The Turkish Lira is Falling Again After a Record Drop

  

  The Turkish lira pared its decline slightly after falling by 4% on Tuesday, December 14, after a day in which it plunged to record lows on concerns about President Recep Tayyip Erdogan’s new economic policy and the prospects of another interest rate cut this week. The lira touched 14.4 against …

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• 14 December 2021 4:15 am

  Market Drivers – US Session – 13-12-2021

  

  The Senate will vote Tuesday on legislation lifting the government’s debt ceiling to stave off the risk of a default to avoid shutdown according to Majority Leader Chuck Schumer, without mentioning how much the increase will be.Senate passage, which requires only a simple majority, would send the debt limit measure …

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• 14 December 2021 3:54 am

  US Treasury Yields Slide On Market’s Uncertainty

  

  US Treasury yields slid at the close of Monday’s trading, impacted by investors and traders’ anticipation concerning the upcoming decisions by the Federal Reserve Bank.The said anticipation caused risk appetite to retreat across global financial markets. The 10-year US Treasury yield fell to 1.414% from last week’s close of 1.415, …

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• 14 December 2021 3:38 am

  BoE Warns: Crypto Growth Endangers Financial Stability

  

  Crypto assets currently pose limited risks to the stability of the UK financial system according to the Bank of England in its Financial Stability Report, released Monday. But the pace of growth means cryptocurrencies could become more dangerous as they become increasingly linked to wider financial networks, the report added.“Material …

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• 14 December 2021 2:48 am

  KSA: Unmanaged Energy Transition To Cause Oil Price Spikes

  

  The shift toward renewable energy has to be managed very carefully in order to prevent a surge in oil prices as energy demand continues to rise, according to Saudi Arabia’s finance minister.“We have very serious concerns that the world could run short of energy if we are not careful in …

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