Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 28 January 2022 12:07 am

  Gold Retreats As Traders Digest Fed’s Statements

  

  Gold was lower in midday markets on Wall Street, losing some 1.4% at $1,795. The price of gold fell from a high of $1,822.18 and had reached a low of $1,791.86. Equity markets initially bounced in the aftermath of the FOMC driven sell-off yesterday. However, they started to slide again …

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• 27 January 2022 11:46 pm

  When Could US Positive Data Translate To Lower Prices?

  

  After several bad months of economic reports showing high inflation, President Joe Biden received some welcome economic news at the White House Thursday.According to the Bureau of Economic Analysis, the economy grew at a faster-than-expected rate of 6.9% to close out 2021. This data represents the fourth quarter of 2021, …

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• 27 January 2022 11:16 pm

  USD/JPY Rallies For Second Day

  

  The USD dollar marches firmly in the North American session, with the DXY surging 1.34%, above 97.00. The US dollar gains come on the back of the US central bank’s looming hike of interest rates, most probably in the March meeting.The USD/JPY pair is upward biased, though a break above …

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• 27 January 2022 9:59 pm

  No Surprises Expected For ECB In February

  

  Analysts from Rabobank expect no surprises from the European Central Bank at its February meeting. They expect 2022 to bring a reversal of pandemic policies, but not a broader tightening of policy. Main Quotes: “The ECB has recovered some policy flexibility in December, but this comes at the cost of …

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• 27 January 2022 9:26 pm

  Stock Market Jumps On Q4 Earnings, GDP

  

  A series of Q4 earnings and economic reports combined to pusg the stock market higher Thursday morning, a day after wide swings greeted the Federal Reserve’s latest views.The Nasdaq composite and S&P 500 climbed 1.3% at 10 a.m. ET. The Dow Jones Industrial Average rose 1%. Small caps were up …

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• 27 January 2022 8:28 pm

  Will GBP/USD dip below the 1.30 level in the middle of the year?

  

  Economists at Rabobank have significant doubts over market expectations that the Bank of England (BoE) is likely to hike rates at an aggressive pace this year. Therefore, they expect the GBP/USD to dive below the 1.30 level by mid-year.The BoE will struggle to tighten policy further this year. “On the …

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• 27 January 2022 8:19 pm

  US economy Grows At Fastest Pace Since 1980s

  

  The US gross domestic product growth has bounced back from 2020′s coronavirus recession, expanding at the fastest pace since 1984. The US economy grew last year at its fastest pace since 1984, rebounding from a sharp but brief coronavirus-induced recession in March 2020. The increase in GDP, a measure of …

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• 27 January 2022 8:02 pm

  WTI hits fresh multi-year highs before retreating on Profit Taking

  

  WTI hit fresh multi-year highs above $88.00 per barrel recently, breaking above last week’s highs. Profit-taking has since seen WTI drop back into the mid-$86.00s, but oil holds onto decent on the week gains.Positive risk appetite and ongoing geopolitical and OPEC+ supply concerns are an ongoing source of support that …

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• 27 January 2022 7:53 pm

  US Pending Home Sales fall by 3.8% in December

  

  Pending Home Sales in the US fell by 3.8% on a monthly basis in December following November’s 2.3% decline (revised lower from a 2.2% decline), data published by the US National Association of Realtors showed on Thursday. The new data was well below expectations for a decline of 0.2% MoM. …

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• 27 January 2022 6:06 pm

  US Economy Grows by 6.9% Annualised in Q4

  

  US Real GDP grew at an annualised pace of 6.9% in Q4 2021, well above the median economist forecast for a pace of growth of 5.5%, according to the first estimate released by the US Bureau of Economic Analysis on Thursday. That marked a sharp acceleration from Q3’s 2.3% QoQ …

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• 27 January 2022 4:38 pm

  Oil Hits Seven-Year High on Ukraine Tensions

  

  Oil traded at a seven-year high of around $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the US Federal Reserve would tighten monetary policy. Brent crude futures rose six cents, or 0.1 percent, to $90.02 a barrel by 1113 GMT, and West Texas Intermediate …

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• 27 January 2022 3:08 pm

  European Shares Fall After Fed

  

  European shares fell on Thursday after US Federal Reserve Chairman Jerome Powell signaled a rate hike in March and kept monetary policy tight to curb inflation. The pan-European Stoxx 600 index fell 0.6 percent, with most sectors and markets in the region declining. After the Federal Reserve’s meeting, Powell said …

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• 27 January 2022 2:35 pm

  The Dollar is Rising as Markets Await a Larger And Faster Rate Hike

  

  The dollar jumped to a multi-week high against major currencies on Thursday, supported by expectations of bigger and faster interest rate hikes in the coming months. During the trading session in London, the dollar index consolidated at its highest level since mid-December, while the euro stumbled around a two-month low …

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