Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 31 December 2021 4:20 am

  Oil Steady, Heading For Biggest Annual Gain Since 2009

  

  Oil prices have stabilized at the time of writing the report, compared to the last settlement at $79.52 per barrel of Brent crude in futures contracts, and at $76.9 per barrel in US crude futures, after trading began on Friday with a decline of 1%. Oil prices are heading to …

  Read More »
• 31 December 2021 2:26 am

  Market Drivers – US Session – 30 December 2021

  

  Market participants, investors, traders and economists have been warning against reading too much any market moves this week given year-end volatility and illiquidity. Investors kicked off the penultimate trading day of a volatile year on Thursday with a duet of anodyne, slightly better-than-expected indicators.Economic DataThe number of US workers filing …

  Read More »
• 31 December 2021 1:22 am

  New Year’s Eve Means Trading With Mixed Performance

  

  Major currency pairs have managed to hold within familiar levels on Thursday, trading in a mixed manner amid thinned market conditions. Most financial markets will be closed on Friday, amid the New Year’s Eve holiday. Wall Street will operate normally, while the bonds markets will close earlier. Markets are likely …

  Read More »
• 30 December 2021 10:51 pm

  US Shares Print Fresh Record Highs

  

  The S&P 500 Index hit a fresh intra-day record high on Thursday at 4808, but for the most part has traded within the ranges established over the last three sessions, where the index has mostly traded between the 4775 and 4805 levels. The index trades now almost touched the 4800 …

  Read More »
• 30 December 2021 7:52 pm

  OPEC+ Likely To Stick To Existing Policy At 4 January Meeting

  

  According to sources speaking with Reuters, OPEC and allies would likely stick to existing oil production policy at the upcoming 4 January 2022 meeting.This would mean hiking output by 400,000 barrels per day starting next February. The sources cited an easing of concerns about the impact that the spread of …

  Read More »
• 30 December 2021 7:23 pm

  ECB can end bond purchases sooner if inflation surprises persist

  

  European Central Bank governing council member and Dutch central bank head Klaas Knot said on Thursday that the bank could end its bond-buying programmes sooner if inflation continues to surprise on the upside. Knot added that it is now appropriate for the bank to prepare for gradual monetary policy normalization …

  Read More »
• 30 December 2021 5:30 pm

  Turkish economic confidence falls 1.8% in December -stats institute

  

  Data from the Turkish Statistical Institute revealed on Thursday that the confidence index in the country’s economy fell 1.8 percent month-on-month in December to 97.6 points. The index, which indicates optimistic expectations when it exceeds 100 points and pessimistic expectations when it falls below that, hit a record low last …

  Read More »
• 30 December 2021 1:57 am

  European Shares Rise as Fears of Omicron Recede

  

  European shares rose on Thursday on hopes that new restrictions may not be required to combat the Covid-19 pandemic in 2022 and expectations that the mutant omicron will be less affected, but gains remained limited due to an increase in infections with the disease. By 0815 GMT, the pan-European Stoxx …

  Read More »
• 30 December 2021 12:16 am

  Market Drivers – US Session – 29 December 2021

  

  The US Dollar Index closed the second straight day in the positive territory and continues to inch higher on Wednesday but markets are likely to remain quiet ahead of the New Year holiday.Omicron stands as a downside risk in the housing market. A reading of pending home sales also out …

  Read More »
• 29 December 2021 11:57 pm

  WTI Steadies Above USD 76

  

  WTI’s US crude oil benchmark rises in the New York session by some 0.62%. The US crude oil benchmark, advances during the New York session, trading at USD 76.39. Oil investors reacted positively to Omicron-related worries, pushing WTI prices from USD 68.50 up to USD 77.20 in the last eight …

  Read More »
• 29 December 2021 10:46 pm

  USD/CAD Remains Steady Amid Falling Oil Prices

  

  The USD/CAD is trimming some of Wednesday’s losses, down by 0.05% as COVID-19 worries ease, as studies have shown that leads to milder symptoms that could be treated outside the hospital.The USD/CAD has fallen during the New York session, trading at 1.2809. Investors’ mood is mixed, as US equity indices …

  Read More »
• 29 December 2021 10:31 pm

  Elon Musk Owes USD 11 Billion Taxes After Wrapping Up Tesla Stock Sales

  

  Elon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He will end up with one of the largest tax bills in history to show for it.The Tesla CEO exercised options to buy another 1.6 million shares, and sold 934,090 of those shares for …

  Read More »
• 29 December 2021 8:24 pm

  US Trade Deficit in Goods Soars to Record Figures With Faster Economic Recovery

  

  US Inventories rose rapidly as businesses sought to stock up for the holiday shopping season. Container ships are anchored off the ports of Long Beach and Los Angeles to unload imported goods. The trade deficit in goods surged by 17.5% in November to set an all-time high, largely reflecting faster …

  Read More »