Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Gold prices rose on Friday, but are heading for a fourth consecutive weekly decline, as investors stay away from big bets ahead of inflation data in the United States that may prompt the Federal Reserve to reduce its bond purchases at a faster pace. Spot gold rose 0.2 percent to …
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December, 2021
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10 December 2021 2:26 pm
Gold is Heading For Its Fourth Weekly Decline Due to Concern Ahead of US Inflation Data
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10 December 2021 2:06 pm
The Turkish Lira is Hovering Near Its Lowest Level Against The Dollar
The Turkish lira fell by about 0.8 percent against the dollar on Friday, as investors continued to fear low-interest rates and high inflation, which pushed the lira towards a record low it reached last week. After it plunged to 13.9095, the lira settled at 13.8750 against the US currency. The …
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10 December 2021 12:50 pm
Nikkei Closes Lower But Achieves First Weekly Gain in 3 Weeks
Japanese shares fell on Friday due to a decline in technology shares and caution ahead of US inflation data. Still, they posted their first weekly gains in three weeks as concerns eased about the impact of the new Omicron strain of the Coronavirus on the pace of economic recovery. The …
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10 December 2021 4:03 am
Market Drivers – US Session – 9-12-2021
Traders are eying key economic data on Friday. Consumer inflation forecast to accelerate to 6.8% annually from 6.2% while Core CPI expected to rise to 4.9% from 4.6%. Producer prices, The monthly increases are predicted to be 0.7% in the headline rate and 0.5% in the core.Wages point to still …
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10 December 2021 3:29 am
White House: US, Allies Will Respond To Russia’s Aggression
“US and its allies would respond to Russia’s aggression,” said the White House early Friday. The news came after chatters that Russia rejected Ukraine’s proposal to strengthen the July 2020 ceasefire.The White House communiqué also mentioned that US President Joe Biden reaffirmed the United States’ unwavering commitment to Ukraine’s sovereignty …
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10 December 2021 2:49 am
Inflation, Stimulus Two Key Questions ECB Seeks To Answer
The two major questions that the European Central Bank will have to answer are: (1) Will inflation eventually settle at its target? and (2) Are asset purchases still useful?ECB policymakers are hoping that too-high inflation will prove transitory and eventually subside. Since the pandemic struck, the European Central Bank has …
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10 December 2021 2:25 am
New Zealand’s Manufacturing Activity Retreats in November
New Zealand’s manufacturing sector witnessed a lower level of expansion in November, according to an economic survey released early Friday.The BNZ-Business New Zealand Performance Manufacturing Index (PMI) for November dropped 3.6 points to 50.6, which was still in expansion, but at slower rate than was seen in the first half …
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10 December 2021 2:09 am
Senate Inaugurates Plan To Manage US Debt Ceiling
The US Senate voted on Thursday to advance a bill to create a fast-track process allowing Democrats to raise the federal debt limit without votes from Republicans, a crucial next step as lawmakers race the clock to avert a catastrophic debt default. A first-ever default would trigger financial disaster and …
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10 December 2021 1:30 am
Bitcoin Retreats Below USD 50000
Bitcoin continued to struggle below the critical USD 50,000 resistance level on Thursday. The short-term downtrend over the past month remains in effect, which could limit further upside beyond $50,000-$60,000.The famous cryptocurrency is down about 4% over the past 24 hours, although support at around the 200-day moving average (now …
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10 December 2021 1:09 am
USD/CAD Moves Back On Oil’s Decline
The USD/CAD moved back above 1.2700 on Thursday as oil prices came under accelerating selling pressure.BoC’s Gravelle spoke and largely stuck to the bank’s script after it held policy settings/guidance as expected on Wednesday.USD/CAD has been on the front foot on Thursday, gaining about 0.4% to move back to the …
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10 December 2021 1:02 am
BoC’s Gravelle: Concerns Over Inflation More Than Usual
Bank of Canada Deputy Governor Toni Gravelle said on Thursday that concerns about upside inflation risks are heightened much more than usual. “We are likely to react a little bit more readily to the upside risk given it’s already above our inflation-control range”, Gravelle added.For reference, the bank’s inflation-control range …
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10 December 2021 12:49 am
WTI Crude Falls Sharply As Lockdowns Looming
Crude oil prices fall during Thursday’s session after rallying for six weeks, retreating by 2.82%. COVID-19 restrictions, and the spread of the Omicron variant, dented market mood as oil demand cut are among factors that are dragging prices lower.The factors together hit oil prices as lockdowns loom as a number …
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9 December 2021 11:46 pm
AUD/USD Traders Eying US CPI
The AUD/USD is now depending on o the US CPI to be released on Friday. Traders are eying the deviation between the US Fed and Reserve Bank of Australia. The AUD/USD pair is traded at 0.7150, lower by 0.25% during Thursday’s session and is set to settle between a range …
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