Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 24 January 2022 10:16 pm

  USD/CAD Rallies Amid Broad Risk Asset Retreat

  

  Having started the day closer to 1.2550, and being on course to post on-the-day gains of about 1.0%, the USD/CAD pair is currently penetrating the 1.2700 level having rallied from the mid-1.2500s on Monday amid widespread losses for risk assets m meanwhile, safe-haven demand amid geopolitical tensions and amid pre-Fed …

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• 24 January 2022 9:34 pm

  US Equities Hit lowest Level Since July

  

  US equity markets are trading sharply lower on Monday, with the S&P 500 index on course to confirm a correction, a close of more than 10% below the recent highs printed back in the first week of 2022. The index slumped below the 4300 level on Monday, to hit its …

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• 24 January 2022 8:54 pm

  The US Dollar Benefits From Russian-Ukrainian Tensions

  

  The US dollar has continued to rise since the beginning of Monday’s trading session, benefiting from the deterioration in risk appetite in global financial markets due to the Russian-Ukrainian tensions.The dollar index, which measures the performance of the US currency against a basket of major currencies, rose to 96.02 points, …

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• 24 January 2022 8:24 pm

  EUR/USD Rebounds From Two-Week Lows

  

  The EUR/USD pair has dropped to 1.1289, reaching lowest level since 10 January and then rebounded. It is back above 1.1320, still in negative territory but off lows and back above the critical 1.1300 area.If the pair manages to remain above 1.1300 it could remain in the current range with …

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• 24 January 2022 7:39 pm

  Us Markit Services PMI Falls Below Expectations

  

  According to a preliminary January survey by IHS Markit, Service PMI fell to 50.9 this month from 57.6 in December. That was much larger than the expected decline to 55.0 and marked the lowest reading since July 2020.IHS Markit’s Manufacturing PMI also fell more than expected to 55.0 from 57.7 …

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• 24 January 2022 6:03 pm

  What Are The Expectations For a Fed Hike This Year

  

  Goldman Sachs expected the US Federal Reserve to raise interest rates during its upcoming meetings, specifically starting from the next March meeting. The Fed may decide to raise rates 4 times during March, June, September and December. The US investment bank suggested that the US Federal Reserve would start reducing …

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• 24 January 2022 4:35 pm

  Bitcoin plunges to its lowest level in six months

  

  Bitcoin tumbled nearly 9 percent on Monday to a six-month low, as fears of a Russian attack on Ukraine kept selling risky assets at a rapid pace around the world. Bitcoin, the largest cryptocurrency, fell 8.8 percent to $ 33,058, its lowest level since July 23, to suffer losses of …

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• 24 January 2022 3:36 pm

  European Shares Fall Again Amid Pressure on Technology Shares

  

  European shares fell in early trading on Monday, with technology shares falling as fears of monetary tightening sparked a sell-off in global stocks over the past week. The pan-European Stoxx 600 index was down 0.4 percent by 0814 GMT, with Asian markets also under pressure as investors awaited monetary policy …

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• 24 January 2022 2:29 pm

  UK: Manufacturing PMI Declines to 56.9 in January

  

  Manufacturing PMI in the UK declined to 56.9 in early January from 57.9 in December, IHS Markit reported on Monday. This print came in worse than the market expectation of 57.9. Further details of the publication revealed that the business activity in the services sector expanded at a softer pace …

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• 24 January 2022 1:40 pm

  Germany: Markit Manufacturing PMI jumps to 60.5 in January, new five-month high

  

  The economic activity in Germany’s manufacturing sector grew at its strongest pace in five months with Markit Manufacturing PMI jumping to 60.5 from 57.4 in December. This print surpassed the market expectation of 57. Additionally, Markit Services PMI advanced to 52.2 from 48.7 in December, showing that Germany’s service sector …

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• 24 January 2022 12:31 pm

  Japan’s Nikkei Compensates For Its Losses

  

  The Nikkei index reversed course to close higher on Monday as investors snapped up cheaper stocks after a rally in US stock futures, but the rally was limited by caution ahead of the US Federal Reserve’s policy meeting this week. The Nikkei rose 0.24 percent to 27,588.37 points. Earlier, the …

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• 24 January 2022 11:22 am

  Oil Prices Rise 1% Due to Fear of Supply Shortage

  

  Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East raised concerns about the outlook for oil supplies, while OPEC and its allies continued efforts to increase production. Brent crude futures rose 87 cents, or 1.0 percent, to $88.76 a barrel by 0100 GMT, ending …

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• 24 January 2022 10:28 am

  Gold Prices Are Flat Before The Fed

  

  Gold prices were little changed on Monday as investors awaited the US Federal Reserve meeting for clues about an interest rate hike, while concerns about inflation and the row between Russia and Ukraine kept gold’s safe-haven appeal intact. And the price of gold settled in spot transactions at 1836.21 dollars …

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