Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 21 December 2021 5:35 pm

  Canada: Retail Sales Rose in October

  

  According to a report released by the Statistics Canada on Tuesday, Canadian Retail Sales rose 1.6% MoM in October, more than the expected 1.0% rise and a sharp acceleration from September’s 0.6% MoM decline. To be updated…

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• 21 December 2021 5:13 pm

  The Turkish Lira Rises 25% Against The Dollar, But Then Fell Slightly

  

  The Turkish lira jumped from very low levels, which it started trading yesterday, but quickly rebounded after Turkish President Recep Tayyip Erdogan introduced measures to protect savings in the local currency from such fluctuations. Under Erdogan’s plan, his government promised to guarantee deposits in lira, sending the currency up by …

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• 21 December 2021 3:16 pm

  Gold is Trapped in a Narrow Range

  

  Gold prices remained in a narrow range during trading today, Tuesday, as the weak dollar faced a slight improvement in risk sentiment, while the high incidence of infection due to the Coronavirus “Omicron” remains a source of concern for investors. Spot gold rose 0.1% to $1,791.73 an ounce, while US …

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• 21 December 2021 2:13 pm

  Market Drivers – Asian Session 21-12-2021

  

  This morning, the People’s Bank of China set the yuan’s exchange rate against the US dollar at 6.3729 yuan per dollar. At the same time, expectations were for the Chinese yuan to stabilize against the dollar at 6.3711 yuan per dollar, and it closed yesterday at 6.3933. Gold fell in …

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• 21 December 2021 1:19 pm

  European Shares Rise After Heavy Selling in The Previous Session

  

  European stock prices rose on Tuesday after a massive sell-off in the previous session, with a jump in shares of commodity-related companies offsetting concerns about the spread of the coronavirus mutated omicron. The pan-European STOXX 600 index rose 0.9 percent by 0821 GMT, with mining and oil stocks leading the …

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• 21 December 2021 11:42 am

  Consumer Confidence in Turkey Fell to a Record Low in December

  

  Turkish consumer confidence fell 3.1 percent to 68.9 points in December, official data showed on Tuesday, hitting its lowest level since records began in 2004. Confidence fell to its lowest level last year due to the Coronavirus pandemic, before the rally that began in October of this year. A confidence …

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• 21 December 2021 10:56 am

  Turkish Lira Rises 7%

  

  The Turkish lira rose 7 percent on Tuesday after a historic rebound of 25 percent on Monday from record lows, after President Recep Tayyip Erdogan unveiled a plan he said would protect local currency deposits from market volatility. The currency fell and then rose in turbulent trading to record 12.21 …

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• 21 December 2021 4:19 am

  Market Drivers – US Session – 20-12-2021

  

  The US Congress, Monday, approved legislation to raise the debt ceiling by $2.5 trillion, in a move that is described as preemptive to any threat of a federal default until at least 2023. The federal government has never defaulted on debt payments.One Republican and all Democrats in the House voted …

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• 21 December 2021 4:02 am

  What To Expect From RBA’S Meeting Minutes

  

  RBA will publish its December policy meeting minutes on Tuesday. The minutes are expected to offer more detail on the discussion on bonds buying and the timeline for rate hikes.RBA officials argue a rate rise is unlikely until at least 2023, but markets are betting on a move as early …

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• 21 December 2021 3:21 am

  Does Tesla Risk Losing Market Dominance?

  

  Tesla slid 3.5% on Monday, closing at USD 899.94. That put the shares below where they had closed right before the $4.2 billion Hertz deal was revealed on 25 October.The shares which peaked on 4 November was down 21% in December, poised for the worst month since the pandemic erupted.Hertz’s …

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• 21 December 2021 2:56 am

  Oil Prices Drop As Omicron Dampens Fuel Demand

  

  Oil prices slumped on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand.Brent crude futures fell $2, or 2.7%, to settle at $71.52 a barrel, while US WTI crude futures …

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• 21 December 2021 1:22 am

  Congress Passes Measure to Raise Debt Ceiling Till 2023

  

  The US Congress, Monday, approved legislation to raise the debt ceiling by $2.5 trillion, in a move that is described as preemptive to any threat of a federal default until at least 2023. The federal government has never defaulted on debt payments.One Republican and all Democrats in the House voted …

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• 21 December 2021 1:11 am

  AUD/USD Experiences Downward Bias Despite Risks

  

  The Australian dollar drops as the Wall Street session approaches the end, down BY 0.14%. The US 10-year Treasury yield has reclaimed the 1.40% threshold, underpinning the US dollar.During the New York session, the AUD/USD edges lower, trading at 0.7111. The market sentiment remains downbeat because of the Omicron outbreak …

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