Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 28 January 2022 8:58 pm

  US: Labor costs slow, but still rising at a scorching rate

  

  Data released on Friday showed the Employment Cost Index (ECI) rose 1% during the fourth quarter, and 4% during the year. Analysts at Wells Fargo point out the quarterly increase was more restrained than Q3’s 1.3% gain, and they consider that may tamp down fears of a wage-price spiral amid …

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• 28 January 2022 8:22 pm

  Gold Price Has More Room On Downside Ahead Of NFP

  

  Gold climbed to its highest level since November at $1,853 on Wednesday but ended up losing more than 3% from that level to end the week deep in the negative territory below $1,800. Nonfarm Payrolls are forecast to rise by 238000 in January. The low bar suggests that there is …

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• 28 January 2022 8:01 pm

  UoM Consumer Sentiment Index Falls Below Expectations In December

  

  The University of Michigan Consumer Sentiment fell to 67.2 from the flash estimate of 68.7, its lowest reading since 2011. The University of Michigan’s (UoM) final estimate of the Consumer Sentiment Index came in at 67.2 in December, below the flash estimate of 68.7 released earlier in the month, and …

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• 28 January 2022 7:24 pm

  Fed’s Kashkari Expects Fed To Raise Rates at March Meeting

  

  Federal Reserve Bank of Minneapolis President Neel Kashkari said on Friday that he expects the Fed to raise rates at the March meeting.With inflation higher and lasting longer than expected, the Federal Reserve needs to take its foot off the monetary gas pedal “a little bit” to address imbalances between …

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• 28 January 2022 5:03 pm

  Oil is on Track For a Sixth Week of Gains Amid Supply Concerns

  

  Oil prices rose on Friday, set for a sixth straight week of gains as geopolitical tensions continued to fuel supply concerns. Brent crude futures rose 63 cents, or 0.7 percent, to $89.97 a barrel by 1013 GMT, after reaching $91.04 on Thursday, the highest level since October 2014. West Texas …

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• 28 January 2022 4:11 pm

  European Shares Slip on Interest Rate Hike Expectations

  

  European shares fell on Friday amid risk aversion on interest rate hike expectations and geopolitical tension in Ukraine, but some strong business results capped losses. The pan-European Stoxx 600 index fell 0.8 percent, heading for its fourth consecutive weekly decline. Auto and chemical stocks were the top losers. But luxury …

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• 28 January 2022 2:41 pm

  The Dollar is Heading For The Largest Weekly Gain in 7 Months

  

  The dollar consolidated its gains on Friday and is heading for the largest weekly increase in seven months, as the greenback’s gains against other major currencies are supported by expectations of an interest rate hike. With financial markets factoring in an expected 30 basis point interest rate hike in March …

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• 28 January 2022 2:03 pm

  German Preliminary GDP Contracts by 0.7% in Q4 vs. -0.3% Expected

  

  The German economy shrunk by 0.7% inter-quarter in the fourth quarter of 2021 when compared to the expectations of -0.3% and 1.7% booked in Q3, the preliminary report published by Destatis showed on Friday. Meanwhile, the annualized GDP rate dropped to 1.4% in Q4 against the previous reading of 2.5% …

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• 28 January 2022 1:13 pm

  Apple’s Sales And Profits Exceed Expectations as The Chip Shortage Eases

  

  Apple reported record sales in the fourth quarter of 2021, the holiday season, with profits that beat expectations while overcoming an expensive global shortage of computer chips. Analysts said the iPhone maker, the world’s largest by market value, has handled supply chain challenges such as factory closures and shipping delays …

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• 28 January 2022 12:46 pm

  Nikkei Records The Worst Weekly Performance in Two Months

  

  Japan’s Nikkei index recovered on Friday after falling to a 14-week low, and although it was supported by strong gains in Apple Inc, it recorded its biggest weekly decline in two months. The Nikkei stuck to the gains it recorded in the morning and did not witness any fluctuations after …

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• 28 January 2022 6:29 am

  Market Drivers – US Session – 27 January 2022

  

  Although traders are still digesting Fed’s policy statement, Thursday’s US session closed on a positive note for both US stocks and the US dollar, seen rising at the same time.The interest rate policy statement and the remarks by Fed Chairman, Jerome Powell, were among the most important factors that continued …

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• 28 January 2022 6:01 am

  How Latest Geopolitical Tensions Impacted Financial Markets

  

  Tensions are escalating in Eastern Europe as several reports refer to potential invasion of Ukraine. The crisis brought about several important developments that, in effect, throw heavy shadows on the financial markets, and, in turn, impact price movements as well as igniting concerns on oil supply disruption.The new developments include …

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• 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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