The S&P 500 has seen a decent bounce on Monday and currently trades higher by over 1.0% on the session around the 4580 level, as investors continue to buy the dip in light of the index testing its 21-day moving average at 4525 last week. Sensitive cyclical stocks outperformed on …
Read More »U.S. CPI Hits 3-Year High of 4.2% as Gasoline Prices Surge 40.5%: Fed Rate Hike Bets Solidify
Key Takeaways Headline CPI accelerates: Annual consumer prices rose 4.2% in May — up from 3.8% in Ap…
U.S. CPI Hits 3-Year High of 4.2% in May: Iran War Energy Shock Keeps Inflation Pressure Firmly Elevated
Key Takeaways CPI at 3-year high: Annual U.S. consumer inflation rose to 4.2% in May — the highest r…
Trump Threatens Iran Power Plants and Bridges as Talks Collapse: Oil Surges 2% on “Bully of the Middle East is DEAD” Post
Key Takeaways Oil rebounds sharply: Brent rose 1.7% to $93.03 per barrel, while WTI climbed 2.0% to …
May Inflation Expected at 4.2%, Highest in Three Years as Iran War Ripples Through Consumer Prices
Key Takeaways 4.2% annual CPI expected: If confirmed, it would mark the highest inflation reading si…
Barclays: European Stocks Can Handle ECB Rate Hikes Better Than 2011 — Banks, Energy, and Miners the Top Picks
Key Takeaways ECB 25bp hike expected Thursday: Policymakers responding to Iran war energy-driven inf…
Wall Street Futures Slide as Iran Strikes Resume and Tech Rally Fizzles: CPI Data the Last Hope for Market Direction
Key Takeaways Futures fall: S&P 500 futures dropped 0.2% to 7,373.75, Nasdaq 100 futures fell 0.…
Bitcoin Crashes 3% as Iran Missile Barrage Crushes Peace Hopes: ETF Outflows Slow But War Fears Dominate
Key Takeaways Bitcoin falls 3%: The world’s largest crypto dropped to $61,375.5, wiping out mo…
Oil Rebounds 1.8% as U.S. Strikes Iran Over Downed Helicopter: Ceasefire Unravels and API Shows Massive 9M Barrel Draw
Key Takeaways Oil bounces back: Brent rose 1.8% to $93.08 per barrel, while WTI climbed 1.8% to $89.…
Gold Slides to 11-Week Low for Fourth Straight Session: U.S. Helicopter Shot Down Adds to Iran War Inflation Spiral
Key Takeaways Fourth consecutive loss: Spot gold fell 1.9% to $4,180.85 per ounce — its lowest since…
Asian Stocks Fall as U.S.-Iran Helicopter Shoot-Down Sparks Fresh Strikes: SoftBank Crashes 10% on OpenAI Loan Collapse
Key Takeaways Broad regional decline: Japan’s Nikkei fell 1.1%, TOPIX shed 0.7%, Chinese index…
Market Analysis
December, 2021
-
6 December 2021 8:40 pm
Gold declines as tapering remains in focus
Gold futures traded modestly lower on Monday, as a pickup in Treasury yields and the US dollar helped to dull appetite for the precious metal, which has been held in check by uncertainties about the spread of omicron and Federal Reserve policies.The most active February delivery gold contract GCG22, -0.16% …
Read More » -
6 December 2021 8:23 pm
WTI surges as KSA increases oil prices
WTI has recovered some of last week’s losses and reclaimed $67.50 amid a positive market mood. Saudi Arabia increased the crude-oil barrel to a median of $0.50 to different customers, and oil rose on the news.As the New York session begins, the US crude oil benchmark, Western Texas Intermediate, also …
Read More » -
6 December 2021 5:54 pm
Market Drivers – European Session 06-12-2021
Markets are still looking for developments in Omicron as well as awaiting US data. In a widely expected move, the People’s Bank of China (PBOC) slashed the banks’ Reserve Requirement Ratio (RRR) by 50bps on Monday. Eurozone’s investor sentiment keeps worsening in the final month of the year, the latest …
Read More » -
6 December 2021 5:09 pm
Gold Prices Fall With Renewed Risk Appetite And The Rise of The Dollar
Gold prices fell Monday, December 6, as appetite for less safe assets improved and the dollar rose on uncertainty over Omicron ahead of US inflation data this week. The dollar rose, making gold less attractive to holders of other currencies, while US 10-year bond yields made up for their losses. …
Read More » -
6 December 2021 3:43 pm
The Dollar is Rising as US Treasury yields Recover Some of Their Losses
The dollar rose slightly on Monday, with US Treasury yields rising from their lowest in two and a half months hit last week, after news that initial observations showed that people with the new mutant of the Coronavirus Omicron had only mild symptoms. News from South Africa’s Omicron helped turn …
Read More » -
6 December 2021 2:16 pm
Market Drivers – Asian Session 6-12-2021
The week got off to a quiet start in Asia. This morning, the People’s Bank of China set the yuan’s exchange rate against the US dollar at 6.3702 yuan per dollar. Japan’s Nikkei closed lower on Monday, dragged down by a sharp drop in SoftBank Group shares, but optimism about …
Read More » -
6 December 2021 1:34 pm
Bitcoin Below $50K After a Tough Weekend
Bitcoin hovered near $49,000 on Monday, down 1.5% on the day, as traders took losses after a grueling weekend when the world’s most popular cryptocurrency at one point lost more than 20% of its value. This trajectory brought the price of Bitcoin and the amount invested in its futures contracts …
Read More » -
6 December 2021 1:12 pm
The Turkish Lira Fell to Its Lowest Level
The Turkish lira fell 0.7% against the US dollar to return to its lowest levels, affected by continuing concerns about the monetary easing policies of the Central Bank, despite the increase in the inflation rate by more than 21%. The Turkish lira recorded 13.85 to the dollar by 06:17 GMT, …
Read More » -
5 December 2021 9:30 pm
Weekly Recap 29 Nov. – 3 Dec.
America and Germany decided to adopt stricter restrictions to circumvent COVID-19 on Thursday, away Austria, there are tailored or modified lockdowns elsewhere all over the globe to combat the emergence of the new Omicron strain. Such measures provoked turmoil across financial markets, lest it could ignite severe global economic slowdown …
Read More » -
4 December 2021 4:11 am
Fed Warning Detonates USD 300 Billion Worth Cryptos
A sudden bitcoin and crypto selloff has followed a warning made by famed investor Louis Navellier that widely-expected Federal Reserve taper will potentially burst the bitcoin and crypto bubble.Bitcoin and cryptocurrency prices have fallen sharply, wiping around $300 billion worth of value from the combined crypto market in just two …
Read More » -
4 December 2021 3:59 am
Why Next Speech By BoE’s Broadbent Does Matter
A significant event on Monday will be the speech by the Bank of England’s Ben Broadbent, this will be Broadbent last public appearance prior to the anticipated rate decision in the following week.Investors believe it is reasonable to expect rate hikes from 0.10% to 0.25% on December 16, but uncertainty …
Read More » -
4 December 2021 3:44 am
Chinese Didi Seeking to Delist in New York
Chinese tech stocks popular among US investors have fallen amid the country’s regulatory crackdown on technology firms.Wall Street Journal has explained some of the new risks investors face when buying shares of companies like Didi or Tencent. Investors punished shares of Chinese companies traded in the US on Friday.Didi Global …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations