Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 6 December 2021 11:14 pm

  SEC investigates Tesla over solar panel defects

  

  The US securities regulator has opened an investigation into Tesla over a complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years.The upcoming investigation raises regulatory pressure on the world’s most valuable automaker, which already …

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• 6 December 2021 10:26 pm

  Fed Highly Expected To Taper At Faster Pace Next Week

  

  Economists believe Fed Chairman Jerome Powell has given away the plot twist of next week’s meeting. In two days of testimony to Congress last week.Powell opened the door for the central bank to announce it is doubling of the monthly pace of asset purchases to $30 billion from $15 billion; …

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• 6 December 2021 10:07 pm

  Dubai TV Interview, Dec 6, 2021

  Speaking on Dubai TV, Monday, Mohamed Hashad, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts shed light on a number of developments in the markets this week Firstly, on the relationship between the Federal Reserve’s decision and Omicron strain, and …

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• 6 December 2021 9:18 pm

  S&P 500 Bounces Above 4580

  

  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 …

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• 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% …

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• 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 …

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• 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 …

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• 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. …

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• 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 …

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• 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 …

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• 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 …

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• 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, …

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• 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 …

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