Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 7 December 2021 12:56 am

  US Equities Recovering During North American Session

  

  US shares have continued to recover in the second half of the US session, with the recovery now more broad-based with tech and growth stocks joining the party despite continued elevation in yields. The S&P 500 index is now up by nearly 1.5% and is eyeing a test of the …

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• 7 December 2021 12:45 am

  RBNZ’s Bascand Commenting On Inflation

  

  Reserve Bank of New Zealand Deputy Governor Geoff Bascand said on Monday that while longer-term inflation expectations in the country remain well anchored, short-term inflation expectations have increased. Key Comments:“The RBNZ will take considered steps for now.”“Predicts unemployment rate to drift up to about 4%.”“More confident that the labour market …

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• 7 December 2021 12:15 am

  Shadows of Asian Financial Crisis in South Korea

  

  South Korea is sending citizens another round of stimulus in response to the economic challenges created by the pandemic. Finance Minister Hong Nam-ki opposed this call and suggested a smaller assistance package. Prime Minister Kim Boo-kyum backed up this position by adding that the government could not afford another round …

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• 6 December 2021 11:55 pm

  Seven Major Banks Forecast RBA’s Meeting

  

  The Reserve Bank of Australia is having a monetary policy meeting and will announce the resulting decision on Tuesday, December 7. Economists and researchers of seven major banks have focused on the potential outcomes from central bank’s meeting. Policymakers are expected to hold their fire and keep the current policy …

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• 6 December 2021 11:43 pm

  ECB’s Holzman: Eurozone Inflation Not To Drop in 2022

  

  European Central Bank governing council member Robert Holzmann said on Monday that inflation in the Eurozone would unlikely fall below 2.0% in 2022, according to Reuters citing Handelsblatt. Holzmann added that inflation is set to reach its peak sometime around the turn of the year. Holzmann said that the ECB …

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• 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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