Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 3 December 2021 3:49 pm

  Eurozone Retail Sales Rise in October

  

  Eurozone’s Retail Sales rose by 0.2% MoM in October versus 0.2% expected and -0.4% last, the official figures released by Eurostat showed on Friday. Annually, the bloc’s Retail Sales came in at 1.4% in October versus 2.6% recorded in September and 1.2% estimated.

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• 3 December 2021 2:36 pm

  Market Drivers – Asian Session 3-12-2021

  

  The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 58.5 in November versus 58.6 expected and a 58.6 – last month’s flash reading. Gold futures rose 0.66% to $1,774.30 by 10:48 PM ET (3:48 AM GMT), after falling to their lowest level in nearly …

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• 3 December 2021 2:00 pm

  UK Final Services PMI Revised Down in November

  

  The UK services sector activity expanded less than expected in November, the final report from IHS Markit confirmed this Friday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 58.5 in November versus 58.6 expected and a 58.6 – last month’s flash reading.

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• 3 December 2021 1:59 pm

  Gold is Rising But Waiting For The Data

  

  Gold rose on Friday morning in Asia. However, the yellow metal braced for its third consecutive weekly decline, weighed by signs that the US Federal Reserve will accelerate the pace of reduction in asset purchases and raise interest rates earlier than expected to curb inflationary pressures. Gold futures rose 0.66% …

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• 3 December 2021 1:03 pm

  Inflation in Turkey Jumps to a 3-Year High as The Lira Tumbles

  

  Data on Friday showed that inflation in Turkey rose more than expected to 21.31% on an annual basis in November, its highest level in three years, exacerbating the decline in real yields after the unprecedented decline of the lira to its lowest levels ever. The Turkish Statistical Institute said consumer …

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• 3 December 2021 12:30 pm

  Japan’s Nikkei Reverses Its Trend And Closes Higher

  

  Japan’s Nikkei index reversed course to close higher on Friday, led by travel and leisure stocks, as investors cashed in on battered stocks amid concerns about the impact of the mutated Omicron strain of the coronavirus. The Nikkei rose 1%, the largest percentage increase in three weeks, to close at …

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• 3 December 2021 4:41 am

  Wall Street Banks Ponder Crypto-Backed Loans

  

  A number of US banks including Goldman Sachs are considering how to use bitcoin as security for cash loans to institutions.Banks such as Goldman will not touch cryptocurrency spot markets but still tend to synthetic crypto products such as futures. Emulating tri-party repo type arrangements, banks are searching for ways …

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• 3 December 2021 4:28 am

  Market Drivers – US Session – 2 Dec. 2021

  

  The outlook for the US economy is still clouded by the emergence of Omicron strain, this may see the US’s renewed lockdown which would benefit the Swiss franc and other safe havens. Optimism is struggling to find its way through uncertainty ahead to global financial markets until Thursday’s session closing. …

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• 3 December 2021 3:43 am

  Pre-NFP Support Helps USD/CHF Maintains Calm

  

  USD/CHF found good support at its 200-day moving average for a third consecutive day on Thursday. The pair has been hovering just to the north at close to 0.9180 since Tuesday, during which time it has rolled within a fairly tight 0.9180-0.9220 range. The pair has been going sideways despite …

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• 3 December 2021 1:44 am

  CAD Steadies Low Due To Omicron Risks

  

  The Canadian dollar strengthened slightly against its US counterpart on Thursday but held near its lowest level in over two months, as investors assessed the global economic impact of the Omicron coronavirus variant and looked ahead to domestic data.The Canadian dollar was trading 0.1% higher at 1.2807 to the USD, …

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• 3 December 2021 1:19 am

  S&P 500 Recovers Amid Unpredictable Market

  

  US equity market conditions remained for the most part uneven and unpredictable on Thursday and the S&P 500, which sold off sharply into the Wednesday closing the session under the 21-day moving average in the 4510s, bounced in early Thursday trade and now trades nearly 1.7% higher on the day …

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• 3 December 2021 12:45 am

  US Shares Rise After Omicron-Driven Selloff

  

  Stocks jumped Thursday, continuing a unrestrained week for markets driven by uncertainty about the potential impact of the Omicron strain on public health and the economic recovery.Shares rose, with the S&P 500 and Dow Jones more than recouping Wednesday’s losses as of late afternoon. All 11 sectors of the S&P …

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• 3 December 2021 12:29 am

  Jobs Data, Fed Speakers Push T-Yields Higher

  

  US Treasury yields jumped higher on Thursday as investors returned to attractive riskier assets and Federal Reserve officials talked up a quicker end to the central bank’s bond purchases.The benchmark 10-year yield , which had fallen to as low as 1.409% earlier in the session, was last 2 basis points …

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