Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 8 December 2021 2:16 pm

  Market Drivers – Asian Session 8-12-2021

  

  The Japanese economy contracted in the third quarter of 2021 by 3.6% on an annual basis and 0.9% on a quarterly basis, due to a decline in per capita consumption, which constitutes one of the basics of the equation for calculating the GDP of countries. The Nikkei average rose 1.4 …

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• 8 December 2021 1:45 pm

  Japan’s Economy Shrank 3.6% Yoy in Q3

  

  The Japanese economy contracted in the third quarter of 2021 by 3.6% on an annual basis and 0.9% on a quarterly basis, due to a decline in per capita consumption, which constitutes one of the basics of the equation for calculating the GDP of countries. This per capita consumption decreased …

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• 8 December 2021 1:20 pm

  Japan Shares Extend Gains as Omicron Fears Recede

  

  Japanese stocks jumped on Wednesday as investors raised hopes that the impact of the omicron on the global economy will be less than initially expected. The Nikkei average rose 1.4 percent to 28,860.62, its highest closing level since November 25. The broader Topix index advanced 0.6 percent to 2002.24 points. …

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• 8 December 2021 3:31 am

  Market Drivers – US Session – 7-12-2021

  

  President Joe Biden told Russian Counterpart Vladimir Putin that the United States is prepared to launch strong economic measures in case Russia decides to invade Ukraine. The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central …

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• 8 December 2021 2:07 am

  Iraq’s Opposes Unjustified Oil Output Increase

  

  Iraq’s oil minister said, Tuesday, that his country policy in OPEC is based on reservations about the unjustified increase in production.Minister Ihsan Abdul-Jabbar added that the contract signed with France’s Total would generate more than USD 85 billion in profits for Baghdad over 20 years. Total will build four giant …

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• 8 December 2021 1:46 am

  Moscow Warned Of Economic Measures Over Ukraine

  

  The White House says President Joe Biden told Russian Counterpart Vladimir Putin that the United States is prepared to launch strong economic measures in case Russia decides to invade Ukraine, signaling that these new measures would pack a bigger punch than the sanctions issued in 2014 that failed to stop …

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• 8 December 2021 1:33 am

  Gold Strives To Hold Consolidation

  

  Although gold markets firstly fell during trading on Tuesday, the precious metal found enough buyers underneath to push it up. Spot gold was up 0.2% to $1,782.39 per ounce by 01:40 p.m. ET (1840 GMT). U.S. gold futures settled up 0.3% at 1,784.70. Gold is trying to stay in the …

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• 8 December 2021 12:48 am

  Why Cryptocurrency Mining Stocks Surged On Tuesday

  

  Cryptocurrency mining stocks recorded gains, on Tuesday, due to a price rebound among cryptocurrencies including Bitcoin ( BTC -0.08% ), in addition to the hotter than normal stock market. The S&P 500 was up 2%, which is a big move for a single day. And Bitcoin is up 4% over …

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• 8 December 2021 12:35 am

  USD Benefits From Markets’ Optimism

  

  Markets were more active on Tuesday, with optimism leading the way. Hopes that the Omicron coronavirus variant is milder and will not interrupt the economic comeback sent global shares well into the green territory.It is still too early to say how things will turn out with the new COVID-19 strain. …

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• 8 December 2021 12:26 am

  Gold Market’s Surplus Continues In 2022

  

  Strong economic recovery, rising nominal yields and potential rate hikes are factors that together hurt investors’ appetite for gold, which has affected other precious metals as well, according to the latest report by London-based Metals Focus Consultancy.Metals Focus said that the threat of new virus variants, concerns of stagflation and …

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• 8 December 2021 12:14 am

  Debt Ceiling Plan Relies On Help By Republicans

  

  Republicans leaders have declared for months that they will not vote with Democrats to raise the debt ceiling. Top lawmakers may have found a new way for Democrats to hike the borrowing limit before 15 December, the date when the Treasury will no longer be able to pay its bills.The …

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• 7 December 2021 11:52 pm

  Canadian Credit Market Reflects Positive Momentum

  

  Q3 2021 TransUnion Credit Industry Insights Report (CIIR) was released on Tuesday, showing increased consumer credit activity as the economy reopened. Canada’s Credit Industry Indicator (CII) rose to 101.7 points, up eight points from Q2 2021 and up 38 points from the lowest point in the pandemic (August 2020 at …

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• 7 December 2021 11:43 pm

  Instability Risk Tops China’s Key Economic Meeting Agenda

  

  China’s top leadership made stability its top economic priority for next year, indicating that it will redouble efforts to support the economy as growth slows, analysts say.At a Monday meeting led by President Xi Jinping, China’s Politburo vowed to expand domestic demand, promote the healthy development of the property industry, …

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