Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 29 December 2021 12:37 am

  Will Chinese GDP Surpass The US?

  

  On the way to becoming a modern socialist country by 2035, and rich, powerful, and dominant by 2049, with the celebration of the one hundredth birthday of the People’s Republic, China aspires to claim proud rights as its GDP surpasses the United States, and project its power based on its …

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• 29 December 2021 12:03 am

  Key Global Drivers Will Continue Pushing Commodities In 2022

  

  A quick look at central bank and government policies in the wake of the pandemic will easily help conclude that there is a highly bullish trend for commodity prices. In early 2020, when the pandemic caused selling in markets across all asset classes, there was a warning that quantitative easing, …

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• 28 December 2021 10:47 pm

  US Shares Slip Back From Session Highs

  

  Receding Omicron-worries, signs of a bullish economy and positive seasonality are among bullish factors helping the shares market sentiment.The S&P 500 is trading flat on Tuesday following Monday’s stunning 1.4% surge, with the index falling back from earlier session record highs to the north territory of the 4800 level. The …

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• 28 December 2021 9:26 pm

  Fed: Biden Considers Former Fed Governor Raskin For Vice Chair Of Supervision Role

  

  US President Joe Biden is considering the nomination of former Fed board of governors member and former Treasury Department official Sarah Bloom Raskin for the role of vice chair for supervision of the banking system.For the other two board of governor seats that will some become available, Biden is reportedly …

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• 28 December 2021 8:19 pm

  US Factory Activity Accelerated in December, Richmond Fed

  

  Factory activity in the central Atlantic region of the US gained momentum in December compared with the previous month, according to a survey compiled by the Federal Reserve Bank of Richmond released Tuesday.The Fifth District Survey of Manufacturing Activity’s composite index increased to 16 in December from 12 in November, …

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• 28 December 2021 7:56 pm

  Futures Point To Positive Open For Wall Street

  

  On a quiet day of economic announcements, the investors are keenly observing factors impacting the stock markets, especially the spread of COVID-19 variant.Initial signs from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished mostly up, while European shares are trading mostly positive.The Dow futures …

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• 28 December 2021 7:22 pm

  WTI Back Above USD 76.00 As Traders Eying Omicron Risk

  

  WTI trades above USD 76.00, supported as Omicron pessimism is in focus during Tuesday’s US session and amid supply outages.WTI only trades about USD 2.0 below pre-Omicron levels above USD 78.00, suggesting fears of economic disruption have generally been assessed.Oil prices have trimmed earlier gains with front-month WTI futures currently …

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• 28 December 2021 6:12 pm

  Market Drivers – European Session 28-12-2021

  

  The market was quiet due to the Christmas and New Year holidays. Gold traded in the morning hours at $1809 an ounce, adding nearly $10, while the dollar index is still low and is trading at 96 against a basket of foreign currencies. The US Treasury yields also recorded a …

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• 28 December 2021 5:42 pm

  US Stock Index Futures Witness Record Highs

  

  The futures contracts for US stock indices rose significantly in trading on Tuesday morning, accompanied by a rise in the US dollar index after its decline over the past period since the US Federal Reserve meeting, and all this in light of the ongoing celebrations for the upcoming new year …

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• 28 December 2021 4:01 pm

  US Natural Gas Contracts Rise to Record Levels

  

  US natural gas futures traded around $3.9 per million British thermal units in the third week of December, after hitting US natural gas futures extended gains, after rising at the highest pace in two months, supported by snowstorms in parts of the country. And futures contracts for January delivery rose …

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• 28 December 2021 2:29 pm

  The safe-haven yen fell to its lowest level in a month as fears of Omicron subsided

  

  On Tuesday, the Japanese yen fell to its lowest level in nearly a month against the US dollar as the tide turned against the safe-haven currencies after Wall Street rose to a record high that overshadowed fears of the pivot Omicron. The Japanese currency fell to 114.935 yen against the …

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• 28 December 2021 1:21 pm

  European Shares Rise, Driven by Wall Street Gains

  

  European shares rose to a five-week high on Tuesday, boosted by record gains on Wall Street, despite persistent omicron concerns as France tightened control restrictions while infections surged in Spain and Britain. The pan-European Stoxx 600 index rose 0.6 percent after rising 0.6 percent in the previous session, its highest …

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• 28 December 2021 12:30 pm

  Gold Prices Fall From a one-week High

  

  Gold prices retreated from a one-week high in weak trading on Tuesday after easing concerns about the mutated Omicron strain of the coronavirus and strong US retail sales data boosted risk appetite. And the price of gold in spot transactions 0.1 percent to 1809.68 dollars an ounce (an ounce) by …

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