Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 20 December 2021 7:20 pm

  Why Did China Cut Interest Rate In December?

  

  China’s central bank cut its main interest rate for the first time in 20 months, as authorities step up efforts to boost the economy that has been hit by pandemic-related curbs, a real estate slump and an unprecedented crackdown on private enterprises.The People’s Bank of China on Monday lowered its …

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• 20 December 2021 5:41 pm

  Dollar Settled And High-Risk Currencies Decline Due to Omicron’s Fears

  

  Currencies including the Australian dollar and the British pound fell on Monday amid fears that further restrictions may be imposed in Europe to contain the mutated Omicron from the coronavirus. Investors shifted their focus to the potential impact of the rapid spread of the new mutation after the Netherlands imposed …

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• 20 December 2021 4:30 pm

  OPEC + Compliance to Cut Production Rose to 117% in November

  

  A report indicated that the compliance of “OPEC+” with the agreement to cut production in November amounted to 117%, which is a level higher than the 116% recorded in the previous October. These data indicate that the Group’s production levels are still below the agreed targets. The sources also told …

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• 20 December 2021 2:58 pm

  The Turkish Lira Fell to a New Low

  

  The price of the US dollar rose against the Turkish lira by about 6% in today’s transactions, to record the Turkish currency’s new low at 17.41 lira to the dollar. The prices of the Turkish currency are affected as a result of the inflation that Turkey is currently witnessing, which …

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• 20 December 2021 2:24 pm

  European Shares Drop 2% on Omicron’s Fears

  

  European shares fell amid a global sell-off as investors worried about the prospects of restrictions affecting the global economy with the increase in cases of the new mutated Omicron from the Coronavirus. The pan-European Stoxx 600 index fell 2.3 percent to its lowest level in more than two weeks. The …

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• 20 December 2021 1:26 pm

  Gold is Hovering Near Its Highest Level in 3 Weeks Due to Omicron

  

  Gold prices stabilized on Monday, approaching three-week highs recorded last week, as fears of the rapid spread of the mutated Omicron from the Coronavirus boosted the appetite for buying the precious metal as a safe haven for value. And gold settled in spot transactions at $ 1798.60 an ounce by …

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• 20 December 2021 12:21 pm

  Japanese Shares Close 2% Lower on Omicron, China Rate Cut

  

  Japanese stocks closed sharply lower on Monday after China’s cut in its lending rate failed to lift investor sentiment while the spread of the mutated omicron from the coronavirus continues to raise fears of an economic slowdown around the world. The Nikkei average fell 2.13 percent to close at 27,937.81 …

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• 20 December 2021 11:05 am

  China’s Oil Imports From Saudi Arabia Fell 13% YoY in November

  

  Higher Saudi prices for January delivery, lower overall demand for crude amid the Omicron uncertainty, the Chinese crackdown on illicit practices at its independent refiners, and refinery maintenance season starting in late Q1 2022 have resulted in Asian refiners abstaining from extra Saudi crude supply for loading in January.Refiners in …

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• 20 December 2021 10:24 am

  Oil prices fall due to the spread of Omicron

  

  Oil prices fell more than 2% on Monday, as rising omicron infections from the coronavirus in Europe and the United States fueled investor fears that new business restrictions to combat its spread could slash fuel demand. Brent crude futures fell $1.92, or 2.6 percent, to $71.60 a barrel by 0436 …

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• 20 December 2021 4:57 am

  Weekly Recap 13 – 17 December

  

  It has been a big week for a number of major central banks worldwide. Central banks continuing to raise interest rates in an effort to tame inflation, largely dismissing for now the threat to economic growth posed by the spread of the Omicron variant. On ‘Super Thursday’ for central banks, …

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• 18 December 2021 3:37 am

  Market Drivers – US Session – 17-12-2021

  

  Gold futures climbed back above the $1,800 mark on Friday to post their highest settlement in nearly four weeks. The precious metal’s rise above the key $1,800 level appears to be driven by broad capital flows leaving risk markets and moving into defensive havens such as gold.Gold (XAU/USD) advances for …

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• 18 December 2021 3:17 am

  US Bond Yields Fall, Curve Slightly Flattens

  

  US Treasury bond yields were lower on Friday, though off session lows, as traders assessed the recent hawkish Federal Reserve stance as the central bank tries to balance rising inflation against the economic toll of the Omicron coronavirus variant.Yields edged up in the short end, overall flattening the curve after …

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• 18 December 2021 2:42 am

  Oil Prices Impacted By Omicron, More US Drilling Rigs Reported

  

  Oil prices continued to trade lower in Friday dealings, with January West Texas Intermediate crude down $1.43, or 2%, at $70.95 a barrel on the New York Mercantile Exchange. Crude oil prices fell on Friday and were also down on the week as surging cases of the Omicron coronavirus variant …

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