Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 18 January 2022 12:59 pm

  The British Economy Added 184,000 Jobs in December

  

  The unemployment rate in the United Kingdom declined during the three-month period ending in November, as the repercussions of “Omicron” on the British economy were not clear, as it headed at the end of last year to re-tighten the closure restrictions. According to data from the National Statistics Authority released …

  Read More »
• 18 January 2022 2:46 am

  The Dollar Consolidates Friday Gains As Investors Await Fresh Catalysts

  

  The week started in slow motion, with little action across the board. Chinese data released at the beginning of the day provided a modest boost to high-yielding assets, which changed course during European trading hours. US markets were closed due to the celebration of Martin Luther King Day, with no …

  Read More »
• 18 January 2022 2:03 am

  Meet Mohamed Hashad on Dubai TV 01/17/2022

  

  Director of Research and Development at Noor Capital and member of the US Association of Professional Technical Analysts, Mohamed Hashad, was interviewed Monday morning by Dubai Channel to comment on the most outstanding developments in the financial markets during the second week of 2022, as oil continued to reap gains …

  Read More »
• 17 January 2022 10:49 pm

  WTI Holds Support Around $84.00 AS Physical Market Builds

  

  Amid holiday-thinned trading conditions with US markets shut for MLK Day, oil prices have been broadly stable on the first trading session of the week, with front-month WTI futures subdued near $84.00 per barrel.Prices hit a fresh two-month high in the $84.70s early on during Asia Pacific trade, but profit-taking …

  Read More »
• 17 January 2022 9:02 pm

  Wells Fargo Expects A Quieter Fed Meeting In January

  

  The FOMC’s first meeting of the year is likely be a quieter affair than its December meeting, when the Committee accelerated its taper plans and outlined a more aggressive policy path for 2022. According to Wells Fargo, “there will not be a fresh Summary of Economic Projections, and we expect …

  Read More »
• 17 January 2022 8:01 pm

  BoJ Preview: Eight Major Banks Speculating On Price Risks

  

  The Bank of Japan will announce its policy decision on Tuesday, January 18. The central bank is unanimously expected to keep its policy settings at the conclusion of its two-day meeting and as it gets closer to the release time, here are the expectations forecast by the economists and researchers …

  Read More »
• 17 January 2022 7:54 pm

  BoC Survey: Business Sentiment In Canada Improves Again

  

  The Bank of Canada’s Business Outlook Survey (BoS) for Q4 revealed on Monday that the business sentiment in Canada improved again, with the BoS indicator coming in at a new record high of 5.99, up from 4.73 in the third quarter. The data for the latest survey was collected prior …

  Read More »
• 17 January 2022 4:53 pm

  Russia Fines Google For Not Removing Content Banned by Moscow

  

  A Moscow court said on Monday it has fined Alphabet Inc’s Google 4 million Russian rubles ($52,526) for providing access to content banned in Russia, the latest in a string of fines for the US tech giant. Russia has stepped up its efforts to pressure big tech companies, imposing huge …

  Read More »
• 17 January 2022 3:17 pm

  The dollar is stable, traders are reassessing their bets on raising interest rates

  

  The US dollar fell somewhat on Monday as traders believed the US Federal Reserve’s rate hike steps had already been absorbed while the euro retreated from Friday’s two-month high. The Chinese central bank’s sudden cut in key lending rates has highlighted the bank as a tweeter out of the fray …

  Read More »
• 17 January 2022 2:15 pm

  Saudi Energy Minister: It’s U.S. Prerogative to Draw on Strategic Oil Reserves

  

  Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday it was up to the United States whether or not to withdraw more supplies from its strategic oil reserves. The administration of US President Joe Biden said in November that it would withdraw about 50 million barrels from its reserves …

  Read More »
• 17 January 2022 1:30 pm

  China’s Economy Grows 8.1% in 2021, Exceeding The Government Target

  

  Official data showed today, Monday, that China’s economy achieved stable growth in 2021 despite challenges, including the re-spread of the epidemic and the complex external environment. According to the National Statistics Authority, China’s gross domestic product rose 8.1 percent year on year to 114.37 trillion yuan (about 18 trillion US …

  Read More »
• 17 January 2022 12:20 pm

  Oil Rises on Supply Fears And Limited Impact on Omicron

  

  Oil prices rose on Monday, with Brent futures reaching their highest levels in more than three years, as investors bet that supplies will remain limited due to pressures on production from major producers, while global demand was not affected by the spread of the new mutant Omicron from the Coronavirus. …

  Read More »
• 17 January 2022 11:25 am

  The People’s Bank of China sets the yuan at 6.3599 dollars

  

  The People’s Bank of China set the exchange rate of the yuan against the US dollar at 6.3599 yuan per dollar, at the same time, expectations were for the Chinese yuan to stabilize against the dollar at 6.3604 yuan per dollar, and the previous value of the yuan was 6.3677 …

  Read More »