Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 9 December 2021 2:59 am

  Several Stocks Outperform Market On Strong Trading Day

  

  US shares remarkably surged Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.31% to 4,701.21 and the Dow Jones Industrial Average DJIA rising 0.10% to 35,754.75. This was the stock’s third consecutive day of gains. Principal …

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• 9 December 2021 2:19 am

  Russian Central Bank Expected To Hike Rate As Inflation Surges

  

  Russia’s inflation, in November, is climbing to 8.4%, touching its highest reading in about six years according to the Rosstat national statistics service’s statements on Wednesday. Prices have risen over the last 18 months as the economy emerges from the coronavirus slowdown, and Russia’s Central Bank has hiked interest rates …

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• 9 December 2021 2:01 am

  Uncertainty Quakes Financial Markets

  

  The dollar reaped some strength during London trading hours but finished the day down against most major currencies. The US dollar fell despite European and American indexes closed mostly in the red territory, and while government bond yields extended gains to fresh weekly highs.Some profit-taking and the opinion that the …

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• 9 December 2021 12:32 am

  What New German Chancellor Means for Global Economy

  

  Olaf Scholz is now new German Chancellor. It is said that he feels extremely enthusiastic about the ideas he suggested years ago. Once, he described an agreement which he suggested saying that “it will really change the world”, so what other changes is Scholz capable for bringing about on the …

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• 8 December 2021 11:20 pm

  4.2 Million Americans Resigned In October

  

  As workers continued to search for better opportunities, the higher number of resignations is part of the economic disruption that continues almost two years after the coronavirus pandemic had broken out.About 4.2 million Americans quit their jobs in October as anxiety in the labour market continued to impact the US …

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• 8 December 2021 10:59 pm

  UK Moves To COVID-19 Plan B

  

  As markets, investors and traders expected, UK Prime Minister Boris Johnson announced that the UK will move to COVID-19 “plan B”.Guidance to work from home has been reintroduced, face mask requirements will now be expanded to most public venues and the NHS will make the NHS COVID Pass mandatory for …

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• 8 December 2021 10:45 pm

  Gold Price Corrects In New York As USD Slides

  

  Gold tested its 200DMA above USD 1790 earlier on Wednesday’s session but has since slipped back to the mid-USD 1780.Gold is currently in a wait to see mode ahead of Friday’s key US inflation numbers. The gold Index is trading flat in the New York session near USD 1,784 and …

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• 8 December 2021 10:29 pm

  FOMC Facing Fluctuating Facts

  

  Fed is often in the headlines whenever talk is about interest rates. Lenders know that its primary goal is to promote a strong US economy using monetary policy, with maximum employment, stable prices, and moderate long-term interest rates as goals.When prices are stable, long-term rates remain at moderate levels, so …

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• 8 December 2021 9:50 pm

  Hearings for Fed’s Powell, Brainard likely in January

  

  US Senate Banking Committee Chair Sherrod Brown expects to wait until January to hold hearings on President Joe Biden’s nominees to the top two Federal Reserve positions.Biden last month nominated Fed Chair Jerome Powell to a second four-year term as head of the US central bank and picked Fed Governor …

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• 8 December 2021 9:23 pm

  Erdogan: Volatility Will Stop Eventually, Asks Turks To Be Patient

  

  Turkish President Recep Erdogan said on Wednesday that volatility in markets will stop eventually. Erdogan said that the price hikes stemming from rising energy costs would soon stabilize and asked Turks to be patient and trust the government over the new economic model. The current price hikes in Turkey, he …

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• 8 December 2021 9:06 pm

  BoC Leaves Key Interest Rate Unchanged at 0.25%

  

  Canada’s central bank raises concerns about the potential impacts of recent flooding and the Omicron variant. The Bank of Canada kept its benchmark overnight interest rate on hold and its forward guidance unchanged, even as it warned that the Omicron variant of Covid-19 had introduced more uncertainty into the country’s …

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• 8 December 2021 7:38 pm

  Poland’s Central Bank Raises Interest Rate

  

  The Narodowy Bank Polski (NBP), Poland’s central bank, raised its benchmark interest rate by 50bps as expected to 1.75% on Wednesday. The central bank also raised each of its other interest rates by 50bps; the discount rate on bills of exchange was lifted to 1.85% from 1.35%, the Lombard rate …

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• 8 December 2021 7:17 pm

  WTI Crude Swings Between Gains And Losses

  

  Crude oil prices have been choppier on Wednesday than the previous two days. WTI crude futures have dumped within a USD 71.00 – 72.70 range over the past few hours, swinging between gains and losses. WTI slump back under the USD 72.00 to around USD 71.75, where it trades broadly …

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