Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 16 December 2021 4:02 pm

  Bank of England Hikes Interest Rates by 15bps to 0.25%

  

  The Bank of England announced on Thursday that it would hike its benchmark interest rate by 15bps at 0.25%. Leading up to the meeting, markets had been pricing a roughly 60% chance of a hike, with these odds rising in wake of Wednesday’s hotter than expected UK November Consumer Price …

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• 16 December 2021 3:40 pm

  CBRT Cuts Policy Rate by 100 Basis Points

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 14% from 15%. This decision came in line with the market expectation. The Turkish lira fell against the US dollar to a record low this …

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• 16 December 2021 3:20 pm

  Gold Rises After Fed Decisions

  

  Gold prices rose during trading Thursday, after the decisions of the Federal Reserve, and amid the decline of the US dollar from its highest level in three weeks. The Federal Reserve decided to reduce its bond purchases by $30 billion per month, starting next January, instead of the previously announced …

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• 16 December 2021 2:43 pm

  European Shares Rise Ahead of The ECB Meeting Minutes

  

  European stock prices jumped on Thursday after a positive economic outlook released by the US Federal Reserve improved buying interest, and investors turned their attention to the European Central Bank meeting results. The pan-European Stoxx 600 index rose 1.4 percent by 0813 GMT on expectations of the best daily performance …

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• 16 December 2021 2:01 pm

  UK Preliminary Manufacturing PMI Eases to 57.6 in December

  

  The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) worsened to 57.6 in December versus 57.6 expected and 58.1 – November’s final reading. The Preliminary UK Services Business Activity Index for December slumped, arriving at 53.2 versus November’s final readout 58.5 and 57.0 expected.

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• 16 December 2021 1:35 pm

  Nikkei Records Its Biggest Gain in 7 Weeks After The US Federal Reserve Meeting

  

  The Nikkei index jumped Thursday, December 16, to record its largest gain in nearly seven weeks, after the US Federal Reserve’s decision to end pandemic-period bond purchases came in line with investor expectations. The Nikkei rose 2.13% to 2,9066.32 points, the largest increase since the first of November, while the …

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• 16 December 2021 4:46 am

  Market Drivers – US Session – 15-12-2021

  

  Wednesday was the Fed’s big day. US stocks rose after Federal Reserve officials approved plans to speed up the withdrawal of the pandemic stimulus efforts, giving investors and traders more insight into the central bank’s response to hot inflation.All three major indexes turned higher after the afternoon release of a …

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• 16 December 2021 4:17 am

  Lowe: RBA’s Conditions For Rate Hike Won’t Be Met Next Year

  

  Reserve Bank of Australia’s Governor, Phillip Lowe spoke before the CPA Australia Riverina Business Conference and signaled a number of stances regarding the central bank’s upcoming policy. The title of Lowe‘s speech wass, ‘the RBA and the Australian Economy.’ Key Remarks The conditions for a rate hike will not be …

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• 16 December 2021 4:03 am

  Could Red Alert Inflation Push BoE’s Policy?

  

  UK inflation figures climbed to a 10-year high in November as consumer prices continue surging while traders, investors and market participants eye the Bank of England’s crunch monetary policy meeting on Thursday.The Consumer Price Index rose by 5.1% in the 12 months to November, up from 4.2% in October, which …

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• 16 December 2021 3:33 am

  Stocks Close Higher as Markets Welcome Fed Decision

  

  US stocks rose after Federal Reserve officials approved plans to speed up the withdrawal of the pandemic stimulus efforts, giving investors and traders more insight into the central bank’s response to hot inflation.All three major indexes turned higher after the afternoon release of a much-awaited Fed statement, published at the …

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• 16 December 2021 3:00 am

  The US Dollar Surges After Fed Speeds Taper

  

  The U.S. dollar strengthened versus major rivals Wednesday after the Federal Reserve, as expected, moved to accelerate the wind-down of its monthly bond purchases, putting them on track to finish by March. The Fed’s move is also seen clearing the way for rate increases, with policy makers penciling in three …

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• 16 December 2021 12:49 am

  Powell: Fed can’t wait too long for maximum employment

  

  The Federal Reserve Bank Chair Jerome Powell said in his post-Fed meeting press conference that with inflation so far above the Fed’s 2.0% target, we can’t wait too long to get back to maximum employment. Key Remarks: “Inflation that we’ve got is not at all what we were looking for …

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• 16 December 2021 12:25 am

  Fed’s Meeting Sends Major Signals To Financial Markets

  

  The Federal Reserve sent to the financial markets multiple indications on Wednesday immediately after concluding the two-day policymaking meeting. The US Federal Reserve announced on Wednesday that the FOMC had agreed to leave the Federal Funds target range unchanged at 0.0-0.25%, in line with expectations. Moreover, the pace of the …

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