Noor Trends News, Technical Analysis, Educational Tools and Recommendations
On Wednesday, the British pound surges by 0.31%. Thin liquidity conditions, and the lack of economic data, currently exacerbate volatility in the last days of the year.The British pound rallies trading the New York session, trading at 1.3452 at press time. Investors’ mood is mixed, as depicted by European stock …
Read More »Market Analysis
December, 2021
-
29 December 2021 6:23 pm
Market Drivers – European Session 29-12-2021
The US merchandise trade deficit widened to a record level in November due to a jump in imports and a fall in exports. The US Commerce Department said on Wednesday that the goods trade deficit increased 17.5 percent last month to $97.8 billion, from $83.2 billion in October. That exceeds …
Read More » -
29 December 2021 5:51 pm
Rising Risk Appetite Brings The Yen to Its Lowest Level in a Month, And The Euro is Falling
The euro slipped in thin trade over the Christmas holiday on Wednesday and the dollar pushed the yen to a one-month low as investors shrugged off a spike in omicron infections with renewed risk appetite. The Australian dollar rose as stocks rose, but the euro bucked the trend, falling 0.2 …
Read More » -
29 December 2021 2:49 pm
Bank And Retail Shares Support European Stock Exchanges in Thin Trading
European shares extended their rally for the third day in a row on Wednesday, boosted by bank and retailer shares despite concerns raised by rising COVID-19 cases about the economic outlook for the new year. The pan-European STOXX 600 index rose 0.2 percent by 0815 GMT, with shares of retailers, …
Read More » -
29 December 2021 1:19 pm
The Rise of The Dollar Affects The Luster of Gold
Gold prices fell on Wednesday in thin trading as the dollar rose and US Treasury yields stabilized after falling earlier in the session, but prices remained above the key level of $1800 an ounce. And the price of gold in spot transactions fell 0.2 percent to $ 1802.67 an ounce …
Read More » -
29 December 2021 12:02 pm
The Turkish Lira is Falling Back Against The Dollar
The Turkish lira fell 1.7 percent early on Wednesday, continuing to offset big gains made the previous week, as investors remained concerned about the country’s monetary policy outlook. The lira fell to 12.02 to the dollar by 0615 GMT from 11.8 at the close on Tuesday. Although it rose more …
Read More » -
29 December 2021 11:36 am
Japan’s Nikkei Index Retreats From Its Highest Level in a Month
Japan’s Nikkei fell on Wednesday from a one-month high hit in the previous session, after shares of chip-related companies followed the lead of their US counterparts lower. The Nikkei index fell 0.56 percent, recording 28,906.88 points at the close. The index rose during trading on Tuesday to 29121.01 points, a …
Read More » -
29 December 2021 10:40 am
Oil Continues to Rise as Fears of Omicron Subside
Oil prices continued to rise on Tuesday, approaching the highest level in a month reached in the previous session, thanks to expectations that the mutant Omicron of the Coronavirus will have only a limited impact on global demand. Brent crude rose 14 cents, or 0.1 percent, to $ 78.74 a …
Read More » -
29 December 2021 2:39 am
Market Drivers – US Session – 28 December 2021
Major cryptocurrencies retreated amid concerns about the Omicron variant and holiday travel disruptions worldwide. Bitcoin traded 7.4% lower from 24 hours ago at around USD 47,849. The cryptocurrency was down more than 30% from its record highs at USD 68,990 in November. Bitcoin has had a volatile end of year.The …
Read More » -
29 December 2021 2:24 am
Bitcoin Leads Crypto Losses
Major cryptocurrencies retreated amid concerns about the Omicron variant and holiday travel disruptions worldwide. Bitcoin traded 7.4% lower from 24 hours ago at around USD 47,849. The cryptocurrency was down more than 30% from its record highs at USD 68,990 in November. Bitcoin has had a volatile end of year.Ether …
Read More » -
29 December 2021 2:03 am
Gold Price Scales 1-Month High On Back Of Inflation Concerns
Gold prices scaled a one-month high on Tuesday as recent signs of rising inflation reinforced demand, although the safe-haven metal gave up some early gains due to a stronger US dollar.Gold dropped slightly by 0.2% to $1,807.21 an ounce by 2:40 p.m. ET, after hitting an intraday high of $1,819.85 …
Read More » -
29 December 2021 1:49 am
S. Korea Business Confidence Surges To 5-Month High
The Business Survey Index, focusing on business conditions in the manufacturing sector in South Korea, rose to 95 in December of 2021 after three consecutive months steady at 90.The new figure is marking the highest level in the past five months. Meantime, the index measuring the outlook for January rose …
Read More » -
29 December 2021 12:50 am
The Dollar Advances In Quiet Trading
The US dollar received some market’s attention in the American session, Tuesday afternoon, reaping daily gains against most major rival currencies.Wall Street opened with a firm tone and flirted with all-time highs, but turned lower soon afterwards, with major indexes ending the day mixed. In the absence of relevant news, …
Read More »