Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 8 December 2021 12:26 am

  Gold Market’s Surplus Continues In 2022

  

  Strong economic recovery, rising nominal yields and potential rate hikes are factors that together hurt investors’ appetite for gold, which has affected other precious metals as well, according to the latest report by London-based Metals Focus Consultancy.Metals Focus said that the threat of new virus variants, concerns of stagflation and …

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• 8 December 2021 12:14 am

  Debt Ceiling Plan Relies On Help By Republicans

  

  Republicans leaders have declared for months that they will not vote with Democrats to raise the debt ceiling. Top lawmakers may have found a new way for Democrats to hike the borrowing limit before 15 December, the date when the Treasury will no longer be able to pay its bills.The …

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• 7 December 2021 11:52 pm

  Canadian Credit Market Reflects Positive Momentum

  

  Q3 2021 TransUnion Credit Industry Insights Report (CIIR) was released on Tuesday, showing increased consumer credit activity as the economy reopened. Canada’s Credit Industry Indicator (CII) rose to 101.7 points, up eight points from Q2 2021 and up 38 points from the lowest point in the pandemic (August 2020 at …

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• 7 December 2021 11:43 pm

  Instability Risk Tops China’s Key Economic Meeting Agenda

  

  China’s top leadership made stability its top economic priority for next year, indicating that it will redouble efforts to support the economy as growth slows, analysts say.At a Monday meeting led by President Xi Jinping, China’s Politburo vowed to expand domestic demand, promote the healthy development of the property industry, …

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• 7 December 2021 11:30 pm

  Tech, Auto Help European Shares’ Best Gains in One Year

  

  European stocks jumped 2.5% on Tuesday, boosted by a solid rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers.Likewise, the continent-wide STOXX 600 Index witnessed its best session since last November, bouncing back to levels before …

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• 7 December 2021 10:58 pm

  Wall Street Leaps On Tech, Chipmaker Shares

  

  Wall Street’s main indexes are strongly leaping on Tuesday, with the Nasdaq surging 3% as investors piled onto beaten-down quality technology stocks, while Intel jumped after plans to take its self-driving car unit public.The chip giant’s (INTC.O) decision to list Mobileye in the United States in mid-2022 was met overwhelmingly, …

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• 7 December 2021 10:44 pm

  RBA Keeps OCR Steady At 0.10%

  

  The Reserve Bank of Australia (RBA) board members decided, on Tuesday, to leave the official cash rate (OCR) unchanged at a record low of 0.10% during their December monetary policy meeting.The board decided to maintain the interest rate on exchange settlement balances at zero percent. The board decided to continue …

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• 7 December 2021 10:26 pm

  BoC Ponders Groundwork For Rate Hikes

  

  The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central bank is about to encounter an aggressive campaign in favour of interest rate hikes. Policy makers led by Governor Tiff Macklem are unlikely to raise their …

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• 7 December 2021 9:40 pm

  Oil Surges, EIA Raises 2022 World Oil Demand Growth Forecast

  

  In its monthly Short Term Energy Outlook (STEO) report, the US Energy Information Administration has raised its forecast for 2022 world oil demand growth by 200000 barrels per day (BPD).This data was released on Tuesday, and now demand growing 3.55M BPD YoY next year. The EIA STEO cut its forecast …

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• 7 December 2021 9:24 pm

  White House Expects Economy To Power Through Omicron

  

  White House economist believes that inflation is falling by about half and admits that the pandemic has challenged economic forecasting as the Federal Reserve targets inflation at 2%. Existing vaccine protections should help the United States to largely power through the emergence of the omicron coronavirus variant and avoid additional …

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• 7 December 2021 8:30 pm

  Economic Optimism Recovers From Covid-Era

  

  Optimism about the U.S. economy registered its biggest bounce in more than a year in December, after sinking to COVID-era lows a month earlier.The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, jumped 4.5 points to 48.4. Still, the index remained in modestly pessimistic territory. Readings above …

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• 7 December 2021 7:55 pm

  Dow Jones Pushed Higher By Tech Shares

  

  The Dow Jones Industrial Average rallied 400 points early Tuesday, as the stock market began to add to Monday’s strong gains. Traders and investors suggest that Monday marked Day 1 of a new rally attempt on the Nasdaq.Apple has touched fresh highs, while Tesla stock rebounded from a critical support …

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• 7 December 2021 7:37 pm

  NZD/USD Posts Gains as Omicron’s Fears Retreat

  

  After touching one-year low on Monday, the NZD/USD achieved a notable comeback on Tuesday during the New York trading session.The pair is trading now around 0.6772. The market sentiment is positive, as can be concluded by a quick look at the performance of the global shares markets, which are reaping …

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