Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 24 December 2021 7:16 pm

  China Extends Tariff Exemptions On US Goods Till June 2022

  

  China’s finance ministry has announced on Friday that they will be extending tariff exemptions on some imported goods from the United States until June 30, 2022. There was no immediate market reaction to this news as trading conditions remain thin on Christmas Eve. From January 2020 through November 2021, China’s …

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• 24 December 2021 5:02 pm

  Brent Crude Fell 1% amid Thin Trading

  

  Brent crude futures fell 1% to $76 a barrel on Friday, coinciding with holiday liquidity tightening and closures due to Omicron as US markets were closed for holidays. Although Omicron has caused some travel restrictions and increased infections, a British health agency said the mutant was less likely to lead …

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• 24 December 2021 2:46 pm

  European shares settled at the open in thin trade during the Christmas

  

  European shares settled at the open on Friday in light of weak trading during the Christmas holidays, after global stocks rose recently on indications that the mutated Omicron may not derail the recovery of the global economy. The pan-European Stoxx 600 index was stable by 0930 GMT, after rising nearly …

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• 24 December 2021 1:28 pm

  The Dollar is Witnessing The Worst Week

  

  The dollar headed for its worst week since September, while other risk-friendly assets from bitcoin to the Australian dollar maintained their recent gains buoyed by easing concerns about the severity of the new COVID-19 mutation. MSCI’s Asia Pacific shares outside Japan rose 0.2%, and Japan’s Nikkei rose 0.1% after the …

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• 24 December 2021 12:30 pm

  Nikkei Declines After Discovering Local Infections Of Omicron in Japan

  

  The Nikkei index gave up small gains and fell on Friday, as investor sentiment was negatively affected by the news of the discovery of the first local cases of the omicron of the coronavirus in Tokyo. The Nikkei fell 0.05 percent to close at 28,782.59 points, after rising by 0.25 …

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• 24 December 2021 11:37 am

  Russia Expects Gas Prices to Rise in 2022

  

  Russian Deputy Prime Minister Alexander Novak said Friday, December 24, that he expects relatively high gas prices next year, according to the Interfax news agency. Europe relies on Russia to provide about 35% of its natural gas needs, the price of which has risen to an all-time high on the …

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• 24 December 2021 10:34 am

  Brent Crude Futures Are Down in Limited Trading After a Three-Day Rally

  

  Brent crude futures edged higher to USD 74.2 per barrel on Wednesday, after rebounding more than 3% in the previous session, as shrinking inventories and an energy crunch in Europe more than offset worries about new restrictions to combat the Omicron spread that could dent fuel demand. Oil prices fell …

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• 24 December 2021 3:55 am

  Market Drivers – US Session – 23-12-2021

  

  For the second day in a row, positive sentiment has dominated financial markets worldwide on the back of some important US economic data and positive news about Covid-19.It is expected that the volume of transactions in the financial markets will witness a noticeable decline in liquidity rates, starting from Friday, …

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• 24 December 2021 3:37 am

  Will Momentum of Commodities Continue In 2022?

  

  So far, commodities have been the best performing asset class in 2021 amid record high prices, but will rising interest rates next year hold back the momentum of this investment?The sped-up tapering is signaling steeper interest rate hikes over the next two years, consequently, this will add to the US …

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• 24 December 2021 2:46 am

  What Does New US Inflation Data Reveal About Economic Outlook?

  

  The US is suffering from its highest inflation wave in 40 years according to newly released federal economic figures. For anyone hoping there would be an end to the exorbitant climb in prices before year-end, this was a disappointment. But it could be the peak.The Bureau of Economic Analysis released …

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• 24 December 2021 2:29 am

  Brexit Trade Worries Hit UK Firms

  

  British companies found it more and more hard in 2021 to trade with the European Union under the terms of the Brexit trade deal struck with the bloc, a survey showed on Thursday.The British Chambers of Commerce said 45% of companies surveyed in October found it very or relatively difficult …

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• 24 December 2021 1:51 am

  US Oil Rig Count Jumps Along With Crude Prices

  

  The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh wave of Covid-19 cases brought by the new variant of the coronavirus.Last week’s count compared with a rig count rise of …

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• 24 December 2021 1:17 am

  US Dollar Index Slides For The Fourth Consecutive Day

  

  The dollar Index (DXY) slides by 0.07% but manages to remain above the 96.02 figure as the New York session winds down. Omicron-related positive news improved market mood.So, improvement in the market sentiment increased the appetite for riskier assets and consequently weakened the dollar’s safe-haven status despite upward bias, though …

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