Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 8 December 2021 10:45 pm

  Gold Price Corrects In New York As USD Slides

  

  Gold tested its 200DMA above USD 1790 earlier on Wednesday’s session but has since slipped back to the mid-USD 1780.Gold is currently in a wait to see mode ahead of Friday’s key US inflation numbers. The gold Index is trading flat in the New York session near USD 1,784 and …

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• 8 December 2021 10:29 pm

  FOMC Facing Fluctuating Facts

  

  Fed is often in the headlines whenever talk is about interest rates. Lenders know that its primary goal is to promote a strong US economy using monetary policy, with maximum employment, stable prices, and moderate long-term interest rates as goals.When prices are stable, long-term rates remain at moderate levels, so …

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• 8 December 2021 9:50 pm

  Hearings for Fed’s Powell, Brainard likely in January

  

  US Senate Banking Committee Chair Sherrod Brown expects to wait until January to hold hearings on President Joe Biden’s nominees to the top two Federal Reserve positions.Biden last month nominated Fed Chair Jerome Powell to a second four-year term as head of the US central bank and picked Fed Governor …

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• 8 December 2021 9:23 pm

  Erdogan: Volatility Will Stop Eventually, Asks Turks To Be Patient

  

  Turkish President Recep Erdogan said on Wednesday that volatility in markets will stop eventually. Erdogan said that the price hikes stemming from rising energy costs would soon stabilize and asked Turks to be patient and trust the government over the new economic model. The current price hikes in Turkey, he …

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• 8 December 2021 9:06 pm

  BoC Leaves Key Interest Rate Unchanged at 0.25%

  

  Canada’s central bank raises concerns about the potential impacts of recent flooding and the Omicron variant. The Bank of Canada kept its benchmark overnight interest rate on hold and its forward guidance unchanged, even as it warned that the Omicron variant of Covid-19 had introduced more uncertainty into the country’s …

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• 8 December 2021 7:38 pm

  Poland’s Central Bank Raises Interest Rate

  

  The Narodowy Bank Polski (NBP), Poland’s central bank, raised its benchmark interest rate by 50bps as expected to 1.75% on Wednesday. The central bank also raised each of its other interest rates by 50bps; the discount rate on bills of exchange was lifted to 1.85% from 1.35%, the Lombard rate …

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• 8 December 2021 7:17 pm

  WTI Crude Swings Between Gains And Losses

  

  Crude oil prices have been choppier on Wednesday than the previous two days. WTI crude futures have dumped within a USD 71.00 – 72.70 range over the past few hours, swinging between gains and losses. WTI slump back under the USD 72.00 to around USD 71.75, where it trades broadly …

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• 8 December 2021 6:22 pm

  Market Drivers – European Session 08-12-2021

  

  During Tuesday’s trading, the S&P 500 and Nasdaq recorded their best days since March, and the Dow Jones Industrial Average rose 492 points, supported by gains in Apple, Salesforce, and American Express. The S&P 500 also posted gains, up 2.1%, and the technology-focused Nasdaq Composite was the outperformer, gaining more …

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• 8 December 2021 5:38 pm

  US Stock Futures Continue to Rise During Today’s Trading

  

  US stock futures rose in morning trading on Wednesday, after shares continued their recovery in the main market trading yesterday. Dow Jones Industrial Production futures rose 14 points, S&P 500 futures rose 0.1%, and Nasdaq 100 futures rose 0.3%. During Tuesday’s trading, the S&P 500 and Nasdaq recorded their best …

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• 8 December 2021 4:26 pm

  Gold Rises as The Dollar Falls, Eyes on US Inflation Data

  

  Gold prices rose to their highest in a week on Wednesday as the dollar and US bond yields fell and the precious metal received a boost as a safe haven due to tensions related to Ukraine with US consumer price data due later this week. The price of gold in …

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• 8 December 2021 3:06 pm

  The Most Stable Sectors Support European Shares

  

  European shares rose on Wednesday after posting their biggest two-day gain in more than a year, as shares in sectors that are usually stable in times of crisis rose as investors weighed the effectiveness of available vaccines against the new mutated Omicron from the Coronavirus. The pan-European Stoxx 600 index …

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• 8 December 2021 2:16 pm

  Market Drivers – Asian Session 8-12-2021

  

  The Japanese economy contracted in the third quarter of 2021 by 3.6% on an annual basis and 0.9% on a quarterly basis, due to a decline in per capita consumption, which constitutes one of the basics of the equation for calculating the GDP of countries. The Nikkei average rose 1.4 …

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• 8 December 2021 1:45 pm

  Japan’s Economy Shrank 3.6% Yoy in Q3

  

  The Japanese economy contracted in the third quarter of 2021 by 3.6% on an annual basis and 0.9% on a quarterly basis, due to a decline in per capita consumption, which constitutes one of the basics of the equation for calculating the GDP of countries. This per capita consumption decreased …

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