Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 2 February 2022 5:39 pm

  US: Private Sector Employment Falls by 301K

  

  Employment in the US private sector fell by 301,000 in January, monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday, marking only the second month-on-month drop in employment since April 2020 when the US first went into lockdown. That was a huge miss on consensus …

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• 2 February 2022 5:01 pm

  Oil Near The Peak of 7 Years And Eyes on OPEC+

  

  Oil prices jumped on Wednesday towards a seven-year high hit last week as the United States’ move to drain its crude inventories underlined high demand and tight supplies, but investors remained cautious ahead of the OPEC+ group meeting later on Wednesday. Brent crude rose 23 cents, or 0.26 percent, to …

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• 2 February 2022 3:37 pm

  Euro Maintains Strength as Improved Risk Sentiment Weighs on Dollar

  

  The euro rose on Wednesday for a third consecutive day, after hitting a 20-month low last week, as markets awaited inflation data in the eurozone for clues about the European Central Bank’s next move. The euro has come under pressure recently, falling 8 percent in three months, amid expectations that …

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• 2 February 2022 2:47 pm

  The US Public Debt Has Crossed $30 Trillion For The First Time Ever

  

  The US public debt has crossed the $30 trillion barrier for the first time ever, with government lending accelerating during the “Corona” pandemic to contain the virus’ repercussions on the economy. According to US Treasury data released on Tuesday, the US public debt has risen by about seven trillion dollars …

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• 2 February 2022 2:00 pm

  European Shares Rise, Boosted by Strong Earnings

  

  European shares rose for the third session in a row on Wednesday, recovering about half of their losses in January, as the positive impact of strong corporate results outweighed the impact of concerns about rising interest rates ahead of the European Central Bank’s decisions expected on Thursday. The pan-European Stoxx …

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• 2 February 2022 1:04 pm

  Japanese Stocks Rise After US Stocks Rise Overnight

  

  Japanese stocks closed higher on Wednesday after an overnight rally in US stocks improved risk appetite, prompting investors to buy stocks that saw last month’s sell-off and stocks of companies with strong expectations. The Nikkei index rose 1.68% to close at 27533.60 points, while the broader Topix index rose 2.14 …

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• 2 February 2022 4:37 am

  Nasdaq Surges On Third Day Of Gains, Earnings

  

  Nasdaq futures rose in overnight trading on Tuesday, after the technology-focused average gained for the third day in the regular session. Dow futures fell 40 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.75%.Google-parent Alphabet rose more than 7% in extended trading after the company beat on …

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• 2 February 2022 3:31 am

  Cryptos Stabilize As Analysts Expect Bitcoin Short Squeeze

  

  Cryptocurrencies are starting to stabilize after falling in January, and some analysts expect prices to recover this month, especially as several alternative cryptocurrencies (altcoins) outperformed bitcoin over the past week.Trading at $38667.70, Bitcoin’s daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming …

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• 2 February 2022 3:20 am

  Market Drivers – US Session – 1 February

  

  The US dollar remained on the backfoot on Tuesday, although losses were limited across the Forex board. The EUR/USD pair is ending the day pretty much unchanged in the 1.1240/50 area after dismal EU data put a cap to the shared currency.The GBP/USD shrugged off UK’s political row and retained …

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• 2 February 2022 2:07 am

  NZ Unemployment Rate Falls As NZD Impacted By Other Disappointment

  

  The key quarterly labour market data roundup for New Zealand has been released as unemployment rate fell to 3.2 per cent in the fourth quarter, according to data released by Statistics New Zealand on Wednesday. While this beat expectation, it’s not moved the needle on the NZD because the rest …

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• 2 February 2022 1:49 am

  US Labour Shortage Persists As Job Openings Ticked Up In December

  

  US job openings gained to 10.9 million in December, according to JOLTS data published Tuesday above forecast of 10.3 million openings. Some 4.3 million Americans quit, down from November’s record high but still exceeding the pre-crisis average.Openings rose the most in the accommodation and food services sector, with businesses listing …

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• 2 February 2022 12:44 am

  Bullard: Will Fed have to become more restrictive?

  

  St Louis Fed President James Bullard on Tuesday said that he thinks it an open question whether the Fed will have to become more restrictive (i.e. raise rates above the “neutral” 2.0%-2.5% zone). Additional Quotes:“We will be able to assess our position in a few months’ time.”“I think it’s premature …

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• 1 February 2022 11:43 pm

  Wall Street Digest Earnings, Major Economic Data This Week

  

  The latest trend in day-to-day stock market index trading looks to be the Nasdaq filling deep holes dug in the previous month while the Dow and S&P 500 basically tread water. Certainly, this is what’s happening this morning: The Dow is -3 points and the S&P 500 -2, while the …

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