Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 1 December 2021 1:01 am

  Gap Between US Job Market, Recovery Getting Wider

  

  While wider optimism has spread believing the job market is getting better, a lot of US citizens believe the actual economy s getting worse and worse.Claims for unemployment benefits retreated to lowest point since 1969 the week before Thanksgiving in an amazing rebound from the levels earlier during the Covid-19 …

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• 1 December 2021 12:17 am

  Erdogan To Boost Employment By Lower Interest Rates

  

  Speaking on State TV in Turkey on Tuesday, Turkish President Recep Erdogan said that he will boost investment, employment, growth and production by lowering interest rates.Interest rates are the cause and inflation is the result, he continued, adding that he thinks economic growth in 2021 will be about 10%. Hopefully …

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• 1 December 2021 12:01 am

  Fed’s Clarida: US Labour Market Tighter Now

  

  Fed Vice Chair Richard Clarida said on Tuesday that the labour market right now is a lot tighter than it was following the previous two recessions and that wages gains are healthy but not out of line with productivity.Adverse supply shocks can be a challenge for monetary policy, he added, …

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November, 2021

• 30 November 2021 11:03 pm

  Vaccine Concerns Push Crude Oil Down

  

  Crude oil prices stumbled on Tuesday US crude futures fell by more than 6%, after Moderna’s chief ignited doubts about the efficiency of COVID-19 vaccines against the Omicron variant, startling financial markets and heightening worries about oil demand.Brent crude futures fell $2.95, or 4%, to $70.49 a barrel by 12:12 …

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• 30 November 2021 10:43 pm

  GBP/USD Crashes After Powell’s Comments

  

  The sterling fell to a one-year low versus the US dollar Tuesday due to the sentiment of divergence between the Federal Reserve and the Bank of England following hawkish comments from Fed’s chairman Jerome Powell. GBP/USD is trading at 1.3250 and down around 0.5% on the day so far, falling …

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• 30 November 2021 10:15 pm

  BofA: Metaverse Avails Massive Crypto Opportunities

  

  The metaverse is a massive opportunity for the crypto space, according to a Bank of America strategist; Haim Israel who predicted that cryptocurrencies will finally be used widely for transactions in virtual worlds.He said crypto-based platforms will need developing, creating “a big opportunity for this entire ecosystem.”The metaverse is a …

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• 30 November 2021 9:53 pm

  Will Premier League Speak Crypto?

  

  The English Premier League considers a partnership with a cryptocurrency platform that provides non-fungible tokens (NFT).Minutes of the most recent meeting between the Premier League and fan representatives reveal the league is considering getting involved in NFTs, with sources saying the League’s approach will be “slow and cautious,” and different …

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• 30 November 2021 9:16 pm

  US Shares Fall Over Faster Taper Announcement

  

  Stocks on Wall Street fell in early trading Tuesday, driven lower by the growing possibility the Fed may remove its supports for the economy.Fed Chair, Jerome Powell, told a Senate committee on Tuesday that inflation was likely to persist into 2022 and that the Fed would consider tapering more quickly …

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• 30 November 2021 8:51 pm

  EUR/USD Falls On Powell’s Comments

  

  The EUR/USD fell during the New York session, on Federal Reserve Chairman Jerome Powell’s remarks in a testimony before the Senate Committee on Banking and Housing.At the beginning of the Q&A session, the EUR/USD pair was trading around the 1.1370s but plummeted to 1,1240s on remarks of Jerome Powell.Jerome Powell …

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• 30 November 2021 8:41 pm

  US Dollar Surges On Powell’s Comments, Faster Taper

  

  The US dollar surged on Tuesday following comments by Fed Chair Jerome Powell, who indicated it would be appropriate to consider wrapping up the bank’s QE taper sooner. Speaking before the Committee on Banking, Housing, and Urban Affairs of the US Senate alongside US Treasury Secretary Janet Yellen, Powell added …

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• 30 November 2021 8:03 pm

  Powell, Yellen Testify Before Senate

  

  Everybody’s baseline forecast will now be for the Fed to accelerate the tapering of its bond purchases at the Dec. 15 meeting.Economics late yesterday predicted that the Fed would double the pace of acceleration, to $30 billion a month starting in January. That would wrap up the Fed’s QE by …

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• 30 November 2021 7:26 pm

  Hungary Central Bank Raises Rates For Fourth Time In Two Weeks

  

  Hungary’s central bank unexpectedly raised interest rates for the fourth time in just two weeks on Tuesday amid a surge in inflation that has put increased pressure on the forint and its bond market.The National Bank of Hungary was the first European Union central bank to start raising interest rates …

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• 30 November 2021 6:23 pm

  Market Drivers – European Session 30-11-2021

  

  The entire market was focused on Coronavirus mutant headlines statements of Moderna. The World Health Organization has warned of a very high risk of infection from Omicron, as some countries have already tightened border controls. However, US President Joe Biden said the US would not restore lockdowns, giving investors’ confidence …

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