Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 28 December 2021 11:38 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 …

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• 28 December 2021 11:02 am

  The Turkish Lira is Falling After Record Highs

  

  The Turkish lira fell after record highs over five days, disregarding the messages of reassurance from the government. The currency fell 6.2% to 11.3399 per dollar, on a weak trading day, and since the beginning of the year, the lira has lost 34% of its value, which is the largest …

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• 28 December 2021 3:51 am

  Market Drivers – US Session – 27 Dec.

  

  Investors and traders quietly resumed activity immediately after turning from a long weekend, with a thrust of optimism as reports suggest that the Omicron variant is much less serious. Before the end of the trading session, news came from France about the reintroduction of restrictions on Omicron Covid-19 spike, the …

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• 28 December 2021 3:20 am

  Will Antitrust Versus Inflation Strategy Ease Biden’s Worries?

  

  As rising inflation threatens his presidency, US President Joe Biden is turning to the federal antitrust authorities to try to tame hot price increases that his administration believes are partly driven by a lack of corporate competition.Biden pushed the Agriculture Department to begin investigation on large meatpackers that control a …

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• 28 December 2021 1:46 am

  Institutional Investors Overcome Barriers To Bitcoin

  

  Before 2000, most traditional institutional investment portfolios did not allocate to commodities and traditionally balanced portfolios of stocks (60 percent) and bonds (40 percent) were the prevalent norm with no alternatives across the board. Given that diversification is a significant catalyst for investment, portfolios started greater diversification into alternatives and …

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• 28 December 2021 1:18 am

  Mastercard’s Holiday Data Signaling Growing Online Shopping

  

  It has been another busy holiday season this year with online sales growing 11% year-over-year (YoY) according to the latest Mastercard SpendingPulse market intelligence which focuses on the measurement of in-store and online retail sales across all modes of payment.The data, which covers sales from 1 November to 24 December …

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• 27 December 2021 11:52 pm

  Nio Shares Were Up, Then Down Monday

  

  After revealing a new sedan last week, rumors are whirling around the Nio’s next big announcement. The electric vehicle maker has plans to contend with competition that is growing in the world’s largest auto market.Investors in Nio (NYSE:NIO) have been hesitant and mostly unable to decide whether to start off …

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• 27 December 2021 11:05 pm

  Strong Q4 Deliveries Push Tesla Stock To Flash Buy Signal

  

  Tesla’s earnings as well as deliveries are expected to jump year-over-year when Elon Musk’s carmaker reports fourth-quarter figures in early January. Tesla stock rose Monday, rising to a trendline buy point.The maker of upscale electric cars could report Q4 deliveries as early as 1 January and as late as 5 …

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• 27 December 2021 9:56 pm

  WTI Around USD 76.00 Amid Positive Market Mood

  

  Western Texas Intermediate has advanced by 2.66% during the New York session, exacerbated by thin trading liquidity conditions.The market sentiment is positive despite the Omicron variant worldwide outbreak. Tilted to the upside, though a break above the 50-DMA would open the path towards USD 79.00.Western Texas Intermediate, also known as …

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• 27 December 2021 9:36 pm

  European Stocks Trade Higher In Final Week Of 2021

  

  European stocks kicked off the last trading week of 2021 with gains on Monday, as traders got one last chance to push the main index toward a record closing high before year-end. Pharmaceutical stocks were among the biggest gainers.The Stoxx Europe 600 index XX:SXXP rose nearly 0.5% to 484.82, with …

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• 27 December 2021 9:03 pm

  USA Dallas Fed Manufacturing Business Index Falls

  

  Texas factory output grew in December at the same pace compared with the previous month, data from a survey compiled by the Federal Reserve Bank of Dallas showed Monday.The production index of the Texas Manufacturing Outlook Survey which is a key measure of state manufacturing conditions, fell slightly to 26.7 …

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• 27 December 2021 8:49 pm

  Wall Street Surges To All Time Highs As Year End Looms

  

  The S&P 500 has risen by 0.75% as the New York session begins. As the Santa Rally extends, the Dow Jones and the Nasdaq surge between 0.39% and 1.16%.The S&P 500 has witnessed an upward bias, as buyers have tended to the 50 and the 100-DMA to open new buying …

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• 27 December 2021 8:30 pm

  Gold Price Subdued Around $1800 Amid Flat US Real Yields

  

  The XAU/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices …

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