Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 2 December 2021 1:17 pm

  Gold Loses its Luster After Fed’s Statements

  

  Gold prices fell on Thursday as investors expected the Federal Reserve (the US central bank) to scale back its bond-buying program faster to counter soaring inflation despite economic concerns over the spread of the new mutated Omicron. Gold fell in immediate transactions 0.3 percent to 1777.87 dollars an ounce (an …

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• 2 December 2021 12:32 pm

  Japanese Stocks Close Lower on Omicron Fears

  

  Japanese stocks closed lower Thursday, December 2, weighed by concerns about the economic impact of the new mutated Omikorn outbreak of the coronavirus and the Federal Reserve’s shift in monetary policy. The Nikkei index closed down by 0.65%, recording 27753.37 points, falling by 1.04% earlier in the session. The broader …

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• 2 December 2021 4:03 am

  Market Drivers – US Session – 1-12-2021

  

  US President Joe Biden’s administration will extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through mid-March to address ongoing COVID-19 risks. A formal announcement extending the requirements through March 18 is expected on Thursday.The news adds to the Omicron-led risk …

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• 2 December 2021 3:52 am

  Erdogan Replaces Finance Minister, Rate Cut Impact Deepened

  

  Turkey’s President Recep Tayyip Erdogan abruptly replaced the finance minister amid deepening national debate over aggressive interest-rate cuts that have undermined the lira and fueled inflation and price pressures.Lutfi Elvan will exit after less than 12 months in office. The new minister is Nureddin Nebati, according to a decree published …

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• 2 December 2021 3:48 am

  Omicron Ignites Biden’s Extension of Mask Mandate

  

  US President Joe Biden’s administration will extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through mid-March to address ongoing COVID-19 risks. A formal announcement extending the requirements through March 18 is expected on Thursday.The White House and Transportation Security Administration …

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• 2 December 2021 3:07 am

  Solid Eurozone PMI Hides Disappointing Production Growth

  

  A strong headline PMI reading has masked just how business conditions are currently tougher for manufacturers. Although demand is strong, as reflected by a further solid improvement in new orders, supply chains continue to worsen at a worrying rate.However, the details behind the headline PMI tell a different, but worrying …

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• 2 December 2021 2:30 am

  US Total Auto Sales Down in November, EVs Bloom

  

  Narrow inventories pushed sales of new vehicles down as Toyota, Honda, Subaru, Hyundai and Kia all reported their sales dropped during November despite anticipated strong demand. Kia reported a drop in sales for November; however, its total sales through the first 11 months of 2021 surpassed the sales record the …

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• 2 December 2021 2:01 am

  UK Weighs COVID Impact On Recovery

  

  The economic impact from the pandemic has gradually faded since the start of the world health crisis but still remains strong according to statements by Bank of England Governor Andrew Bailey on Wednesday, when asked how to assess news of the Omicron variant of coronavirus.Financial markets have pared back their …

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• 2 December 2021 1:37 am

  Omicron Pulls EUR/JPY Back

  

  Appetite for safe-haven assets has picked up in recent trade amid a deterioration in US shares due to retreating market sentiment.EUR/JPY has been tilting lower and looks for direction to end the day with losses of about 0.5%. The first Omicron Covid-19 infection has identified in America and, shares reacted …

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• 2 December 2021 12:09 am

  First US Omicron Infection Pulls US Shares Down

  

  US shares have surrendered much of their pre-market gains. The S&P 500 index fell under 4600 and is now just 0.4% higher on the day having been as much as 1.9% higher earlier in the session.The Nasdaq 100, meanwhile, has pared back on gains that had been as much as …

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• 1 December 2021 11:39 pm

  Market Mood Pushes Gold Prices Higher

  

  Gold recovered on Wednesday alongside the relative improvement market’s mood. The precious metal is currently trading in the $1,780.00 territory.Gold prices advanced on easing demand for the US dollar, as stocks turned green following Tuesday’s setback.The absence of first-tier events and relief news related to the coronavirus Omicron variant reinforced …

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• 1 December 2021 11:00 pm

  Oil Trims Gains On US Fuel Stockpiles Jump

  

  US WTI crude oil futures pared gains on Wednesday after a U.S. official said the country was continuing to consider tools to manage energy prices, and as government data pointed to weaker gasoline demand.WTI U.S. crude futures were trading $1.3, or 2.02%, higher at $67.51 a barrel at 12:04 p.m. …

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• 1 December 2021 10:37 pm

  GBP/USD Surges on BoE and Fed’s Rate Speculations

  

  The GBP/USD is trading at 1.3311 and higher by 0.12% on the day so far. The pair has recovered from a low of 1.3276 and has reached a high of 1.3352 so far.DXY, an index that measures the US dollar vs a basket of currencies spiked around 40 points during …

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