Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 17 December 2021 12:31 pm

  Record Decline of The Turkish Lira After The Interest Rate Cut

  

  The Turkish lira hit a record low against the dollar on Friday, a day after the central bank announced another interest rate cut as part of President Recep Tayyip Erdogan’s economic program. The lira was down 2 percent at 16 per dollar, compared to its close of 15.675 on Thursday. …

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• 17 December 2021 12:29 pm

  Japan Shares Slide on Interest Rate Hike Fears

  

  Japanese stocks fell on Friday, reversing most of the gains made in the previous session, as investors became cautious about an interest rate hike after the US and UK central banks took steps to tighten monetary policy, while concerns related to the pivot Omicron weighed on travel-related stocks. The Nikkei …

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• 17 December 2021 3:38 am

  Market Drivers – US Session – 16-12-2021

  

  Gold was among the best performers, advancing for a second consecutive day and currently trading around $1,795 a troy ounce. Crude oil prices were also up, with the barrel of WTI currently trading at $72.50. European indexes posted substantial gains, but Wall Street was unable to follow the lead, and …

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• 17 December 2021 3:27 am

  Oil Extends Gains On Dropping Stockpile, Weaker Dollar

  

  Oil rose for a second day after the US reported the biggest crude stockpile drop since September while the dollar slipped.Futures in New York gained 2.1% on Thursday in a thinly traded session as a weaker dollar helped bolster the appeal of commodities. The price of WTI crude rose by …

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• 17 December 2021 3:14 am

  Biden: Omicron is here and going to start spreading more rapidly

  

  “Omicron is here and going to start spreading more rapidly”, said US President Joe Biden while speaking from Roosevelt Room in the White House.US looking at a winter of severe illness and death for those not vaccinated against COVID-19. “It’s past time for people to get booster shots, which they …

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• 17 December 2021 3:04 am

  Eurozone Bonds Quaked By Central Banks’ Moves

  

  Eurozone government bond yields rose on Thursday after the Bank of England delivered a surprise rate rise and the European Central Bank cut stimulus, but the bonds selloff was limited as the ECB pledged to continue monetary support in 2022.Bond yields, which move inversely to their price, shot up when …

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• 17 December 2021 2:12 am

  Former Treasurer More Optimistic About US Economy In 2022

  

  Former US Treasurer Rosie Rios among the experts who sees brighter future for the US economy, this means good news for businesses and shoppers.“I’m much more optimistic about 2022 than I was about 2021,” Rios, who served in that role as part of the Obama Administration from 2009 to 2016, …

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• 17 December 2021 12:49 am

  EUR/CHF Lower After SNB, ECB Monetary Policy meetings

  

  The EUR/CHF pair has reversed sharply back from earlier session highs in the 1.0460s territory and now trades in the 1.0410s.The pair is expe to move lower as a reaction to the Swiss/Eurozone inflation figures in the wake of ECB and SNB policy announcements.With the bears eyeing an imminent test …

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• 16 December 2021 11:52 pm

  Pound Surging Higher On Surprise Rate Hike

  

  The British pound has skyrocketed during the trading session on Thursday against most currencies, and of course against the Japanese yen which was not an exception. There has been an overall risk on type of move for the session, and that will help this pair. It is worth noting that …

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• 16 December 2021 11:29 pm

  US Trucking Action Plan Launched Amid Labour Shortage

  

  The White House will unveil its “Trucking Action Plan” on Thursday to address supply chain challenges that have plagued the US economy for several months.The plan is the product of the administration’s Supply Chain Disruptions Task Force, a group chaired by Commerce Secretary Gina Raimondo, Transportation Secretary Pete Buttigieg and …

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• 16 December 2021 10:30 pm

  Fed’s Statement Signals Inflation Threshold Met

  

  At the last meeting in 2021, the Federal Reserve decided to increase the pace of the QE tapering and the projections of the FOMC staff showed a potential of three rate hikes for next year. Analysts at Wells Fargo, point out the bar for rate hikes now rests squarely on …

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• 16 December 2021 10:05 pm

  Wells Fargo: US Industrial Production Not Getting Worse

  

  Though still affected by supply chain bottlenecks and constraints including labour shortages, the US industrial production grew just 0.5% in November, a marked slowdown from the upwardly revised 1.7% pick-up in October, mentioned analysts at Wells Fargo.Analysts have pointred out that slight improvements in supplier deliveries suggest things are at …

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• 16 December 2021 9:45 pm

  Another Rate Hike Coming Early Next Year By Bank of England

  

  After the rate hike announcement on Thursday from the Bank of England, analysts at Rabobank held on to their forecast of a much less aggressive tightening cycle than what is currently priced in front-end rates. They expect another 25 bps hike early next year. The Bank of England MPC confused …

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