Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 18 December 2021 12:24 am

  USD/CAD Surges as Hawkish Fed’s Waller Spurs USD Gains

  

  The USD/CAD pair is approaching 1.2900 after hawkish comments from Fed member Waller, who said that March meeting was live. A break above 1.2900 would likely open the door to a test of the initial post-Fed meeting highs near 1.2940.Some had thought that this week’s rollercoaster ride in Forex markets …

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• 17 December 2021 11:18 pm

  Gold Prices Moved By Keener Risk Aversion On Friday

  

  Gold futures climbed back above the $1,800 mark on Friday to post their highest settlement in nearly four weeks. The precious metal’s rise above the key $1,800 level appears to be driven by broad capital flows leaving risk markets and moving into defensive havens such as gold. Gold (XAU/USD) advances …

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• 17 December 2021 11:06 pm

  Waller: Accelerating Taper Meant To Make March Fed Meeting Live

  

  Fed Board of Governors member Christopher Waller said on Friday that the whole point of the Fed’s decision to accelerate the pace of its QE taper was to make the March Fed meeting “live” for a first rate hike. Under his base case scenario, a first rate hike in March …

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• 17 December 2021 10:02 pm

  USD/CHF Pares Thursday’s Losses, Reclaims 0.9200 Figure

  

  The US dollar recovers some of Thursday’s losses against the Swiss franc. The pair climbs above the 100, and the 50-day moving averages (DMAs) trading at 0.9227 during the New York session. Financial markets risk-aversion favors the US dollar safe-haven status, to the detriment of the Swiss franc.In the bond …

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• 17 December 2021 9:48 pm

  NY Fed’s Williams: Raising Rates Be Positive Event For US Economy

  

  The Federal Reserve raising interest rates next year would signal the central bank feels good about the country’s economic recovery, New York Fed President John Williams said Friday.“I go into next year feeling [like] the baseline outlook is a very good one. Therefore, actually raising interest rates would be a …

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• 17 December 2021 9:06 pm

  European Shares Stumble On Info Data Drop For Sixth Month

  

  European stocks retreated on Friday, continuing to recede from highs despite positive broker backing from firms including Credit Suisse and Morgan Stanley.The Stoxx Europe 600 XX:SXXP dropped 1% in afternoon trade, and the index is now down over 3% from record highs set in November. The European backdrop has been …

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• 17 December 2021 8:37 pm

  S&P 500 Bounces On Quad Witching day

  

  US stock markets have maintained uneven performance on the final trading day of the week as traders still busy digesting this week’s Fed’s hawkish signals pivot and a continued rise in global Omicron Covid-19 variant infections.The S&P 500 was last down 0.1%, though it bounced from earlier session lows in …

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• 17 December 2021 7:15 pm

  Fed’s Decisions Digestion Pull Wall Street lower

  

  US stocks are digesting Fed’s decisions after the  positive kneejerk reaction, which led to the decline of most New York Stock Exchange indices. The Dow Jones Industrial Average fell to 35578 points, after adding about 327 points, or 1.00%. S&P500 fell to 4,649 points, losing about 19 points, or 0.4%. …

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• 17 December 2021 5:12 pm

  Central Bank of Russia Hikes Policy Rate by 100 bps to 8.5% as Expected

  

  The Central Bank of Russia announced on Friday that it raised its policy rate by 100 basis points to 8.5% from 7.5%. This decision came in line with the market expectation. “If the situation develops in line with the baseline forecast, the Bank of Russia holds open the prospect of a …

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• 17 December 2021 4:01 pm

  Dollar Struggles After Central Banks’ Plans to Halt Stimulus

  

  The dollar remained under pressure on Friday at the end of a week in which major central banks revealed plans to halt their pandemic-era stimulus as the Bank of England surprised markets with an interest rate hike. After a turbulent week, the dollar index, which measures its price against a …

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• 17 December 2021 3:06 pm

  The Turkish Central Bank Intervenes to Limit The Losses of The lira

  

  The Central Bank of Turkey said in a statement that it directly intervened in the market through selling operations due to unhealthy price formations in exchange rates. The price of the Turkish lira collapsed against the dollar during today’s trading, to reach its highest price at 17.07 during today’s trading, …

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• 17 December 2021 2:35 pm

  UK retail sales positively exceed expectations

  

  Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and recorded a positive reading for the second time in a row, as the retail sales index recorded a growth of 1.4%, compared to market expectations of a growth of about 0.8% …

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• 17 December 2021 1:22 pm

  Oil Prices Are Heading Towards a Weekly Loss Due to The Uncertainty Related to Omicron

  

  Oil prices fell on Friday, heading towards a slight weekly loss, with an increase in infections with the new Omicron mutant from the Coronavirus, which reinforced fears of imposing new restrictions that may negatively affect demand for fuel, while the decline in the dollar supported commodity markets on a large …

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