Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 27 December 2021 7:28 pm

  EUR/USD Remains Within Narrow Trading

  

  The EUR/USD pair has remained on the defensive heading into the early North American session, and rather has managed to hold its neck above the 1.1300 round-figure mark.Having failed to make it through the 1.1340-50 resistance zone on Friday, the EUR/USD pair witnessed a subdued price action on the first …

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• 27 December 2021 6:28 pm

  Market Drivers – European Session 27-12-2021

  

  The market was quiet due to the Christmas and New Year holidays. The People’s Bank of China (PBOC) said on Monday that it will steadily implement a management system for real estate financing, as reported by Reuters. The Chinese Ministry of Finance said, today, Monday, that the country will implement …

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• 27 December 2021 5:34 pm

  Gold Declines Marginally With The Rise of The Dollar

  

  Gold prices fell in weak trading on Monday, with the dollar rebounding, although it is still hovering near its highest levels in a week, with increased demand for safe havens due to concerns linked to the pivot omicron. And gold fell in spot transactions 0.1% to $ 1806.60 an ounce, …

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• 27 December 2021 4:33 pm

  The Turkish Lira is Falling After Record Highs That Lasted 5 Days

  

  The Turkish lira fell after record highs over five days, disregarding the messages of reassurance from the government. The currency fell 6.2% to 11.3399 per dollar, on a weak trading day, and since the beginning of the year, the lira has lost 34% of its value, which is the largest …

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• 27 December 2021 3:17 pm

  European Shares Decline in Limited Rrading

  

  European shares fell in limited trading due to the Christmas holiday on Monday as risk appetite was hit after the mutant Omicron led to a spike in COVID-19 cases globally. The pan-European Stoxx 600 index fell 0.2 percent after Asian shares were mixed. Banks and technology stocks were among the …

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• 27 December 2021 2:23 pm

  Market Drivers – Asian Session 27-12-2021

  

  Japanese stocks closed lower on Monday with SoftBank Group leading losses as concerns over the fallout from the mutated Omicron from the coronavirus outweighed the positive impact of gains in technology heavyweights. The Nikkei index fell 0.37 percent to close at 28,676.46 points, while the broader Topix index fell 0.45 …

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• 27 December 2021 1:25 pm

  Japanese Stocks Close Lower on Omicron Fears

  

  Japanese stocks closed lower on Monday with SoftBank Group leading losses as concerns over the fallout from the mutated Omicron from the coronavirus outweighed the positive impact of gains in technology heavyweights. The Nikkei index fell 0.37 percent to close at 28,676.46 points, while the broader Topix index fell 0.45 …

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• 27 December 2021 11:37 am

  Oil Prices Fluctuated And US Crude Fell

  

  Oil prices were mixed on Monday, with Brent crude rising, while US crude futures fell after airlines canceled thousands of flights in the United States over the Christmas holidays amid a surge in Covid-19 infections. US West Texas Intermediate crude futures fell 41 cents, or 0.6 percent, to $73.38 a …

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• 27 December 2021 10:30 am

  Gold Prices Settled After The Decline in US Treasury Yields

  

  Gold prices stabilized on Monday above the key level of 1,800 dollars an ounce, while a slight decline in US Treasury yields was offset by a rise in the dollar. Spot gold rose 0.1% to $1,809.95 an ounce and has mostly remained above $1,800 since closing above that level for …

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• 27 December 2021 9:32 am

  Weekly Recap 20 – 24 Dec.

  

  The financial markets closed the trading week ending on December 24, with the progress of risk assets, led by global stocks, over the rest of the safe-haven assets, led by the US dollar. Over that week, the main drivers of the markets were the economic data and positive developments regarding …

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• 25 December 2021 5:36 am

  Market Drivers – US Session – 24-12-2021

  

  Gold rose for the second successive week and finished slightly below $1810 after rebounding from $1783. It was unable to hit fresh monthly highs.The precious metal continued to improve its outlook, with a close above the 55-week simple moving average. The upside continues to face resistance around $1810/15. A break …

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• 24 December 2021 11:53 pm

  Why IMF’s Worries About Cryptocurrencies

  

  The International Monetary Fund is concerned about cryptocurrencies, chiefly because the promising market is growing at a noteworthy pace and regulation is not coping with such a pace.The total market value of all crypto assets surpassed USD 2 trillion in September this year, representing a 10-fold jump from levels seen …

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• 24 December 2021 10:44 pm

  Latest inflation Wave Worst Obstacle Ahead US Economic Recovery

  

  Over the course of a year, consumer prices rose by 5.7%, the fastest surge of inflation seen in decades. Now, the omicron variant of COVID-19 is threatening any progress the country’s economy has made.In the late 1970s when inflation surged to 7, 8, 9, up to 11%, it was a …

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