Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 9 December 2021 7:19 pm

  US Weekly Jobless Claims Lowest In 52 Years

  

  Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the US jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday.Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969, which saw 182,000.Initial …

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• 9 December 2021 6:03 pm

  Market Drivers – European Session 09-12-2021

  

  Based on a Reuters poll, experts said that the US Federal Reserve will raise interest rates in the third quarter of the next year 2022, earlier than expected (in the fourth quarter) a month ago. Experts believe that the reason for this early change of the US Federal Reserve is …

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• 9 December 2021 5:09 pm

  Currencies Overview: The Focus is Back on Central Bank Policies

  

  The euro, sterling, and dollar prices stabilized on Thursday on hopes that some COVID-19 vaccines could neutralize the coronavirus mutated Omicron, and analysts say attention is once again focused on monetary policy. Some concerns related to the emergence of the Omicron mutant were eased when BioNTech and Pfizer said three …

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• 9 December 2021 4:05 pm

  US Stock Futures Drop After 3 Straight Days of Rally

  

  US stock index futures fell slightly in trading on Thursday, after major indexes posted gains for the third day yesterday, as traders are betting that the economic impacts of the Omicron pivot will not be as severe as initially thought. The Dow Jones Industrial Average futures declined 109 points, the …

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• 9 December 2021 3:02 pm

  Gold Rises as The Dollar Slips Ahead of US Inflation Data

  

  Gold prices received support from the dollar’s decline to rise Thursday, but the rise in US Treasury bond yields and anticipation of US inflation data and the Fed meeting limited the rise of the non-yielding metal. The price of gold in spot transactions rose 0.2% to $ 1785.78, while US …

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• 9 December 2021 2:16 pm

  European Shares Rise After Reassurances About Vaccines Against Omicron

  

  European shares rose slightly Thursday, December 9, after positive comments from vaccine manufacturers calmed some concerns about the new mutated Omicron from the Coronavirus, while Deutsche Bank shares fell after reports that it may have violated a criminal settlement. The pan-European Stoxx 600 index rose 0.3%, after declining 0.6% in …

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• 9 December 2021 1:26 pm

  German Exports Rise 4.1% in October

  

  Data on Thursday, December 9th, showed that German exports increased much more than expected in October despite persistent supply bottlenecks in the manufacturing sector, suggesting that Europe’s largest economy may be on the way to recovery. The Federal Statistics Office said that exports, after adjusting for seasonal factors, increased by …

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• 9 December 2021 5:26 am

  Market Drivers – US Session – 8-12-2021

  

  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. Stocks surged led by overall positivity across the financial markets …

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• 9 December 2021 4:54 am

  Poll: Fed to lift rates in Q3 2022,

  

  Reuters’ survey of economists cites persistently higher inflation to mark the shift in expectations for lift-off to Q3 from Q4 next year. Even so, “Rising COVID-19 cases around the world and the emergence of the Omicron coronavirus variant, along with renewed restrictions in some countries underscore that the pandemic is …

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• 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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