Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 21 January 2022 1:14 pm

  UK: Retail Sales Plunge by 3.7% in December

  

  Retail Sales in the UK declined by 3.7% on a monthly basis in December following November’s increase of 1% (revised from +1.4%), the UK’s Office for National Statistics reported on Friday. This reading missed the market expectation for a decline of 0.6% by a wide margin. On a yearly basis, …

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• 21 January 2022 12:30 pm

  Oil Falls With Profit-Taking After US Stockpiles Increase

  

  Oil prices fell on Friday, January 21, after rising to a seven-year high this week, as an increase in US crude and fuel inventories prompted investors to cash in on the rally. Gasoline stocks rose in the United States, the world’s largest oil consumer, by 5.9 million barrels, to the …

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• 21 January 2022 4:03 am

  Market Drivers – US Session – 21-01-2022

  

  The US dollar traded with a soft tone on Thursday, ending the day mixed across the board. The EUR was among the weakest, while the AUD and the CAD were the strongest. Economic DataDisappointing US employment-related figures were behind the broad dollar’s weakness at the beginning of the American session, …

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• 21 January 2022 3:14 am

  US Shares In Like A Lion, Out Like A Lamb

  

  Dow Jones futures fell slightly overnight, while S&P 500 futures and Nasdaq futures lost some ground. For the second straight in a row, the major indexes tried to rebound but were pulled lower with sharp losses, extending the stock market correction.The Dow Jones Industrial Average fell 0.9% in Thursday’s stock …

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• 21 January 2022 1:25 am

  How Is US Dollar Hit by Employment Data?

  

  The US dollar traded with a soft tone on Thursday, ending the day mixed across the major currencies. The EUR was among the weakest, while the AUD and the CAD were the strongest.Disappointing US employment data was behind the broad dollar’s weakness at the beginning of the American session, as …

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• 21 January 2022 12:31 am

  US Shares Briefly Up As focus Turns To Netflix Earnings

  

  US equities are trading broadly higher on Thursday, as stocks in the region track gains seen in Europe and, before that, Asia markets are the PBoC on Thursday took further steps to ease monetary policy. The Chinese central bank cut its one-year loan prime rate to 3.7% from 3.8% and …

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• 20 January 2022 11:44 pm

  UK Pound Struggles Amid Potential PM Replacement

  

  The GBP/USD pair has maintained choppy performance on Thursday with the US dollar seeing a mixed reaction to weaker than expected initial jobless claims and housing data, though the pair has for the most part remained well supported to the north of the 1.3600 level. At current levels in the …

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• 20 January 2022 10:31 pm

  Gold Price Reacts To Yields’ paused correction

  

  On Thursday, gold price is trading almost unchanged on the day around 1,843, as it fades its uptick from fresh two-month highs of $1,848. The latest leg down in gold price could be associated with a tepid bounce seen in the US Treasury yields, which helps put a fresh bid …

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• 20 January 2022 9:46 pm

  EUR/USD Pressured As US Dollar Bounces With T-Yields

  

  The EUR/USD pair is holding the lower ground below 1.1350, as the US dollar attempts to bounce in tandem with the Treasury yields amid a risk-on mood.The sentiment on Wall Street improved dramatically, in anticipation of the corporate earnings reports. That fueled a fresh selloff in the US Treasuries, which …

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• 20 January 2022 9:33 pm

  WTI Recovers Around USD 86.00 On Back of EIA Inventory Data

  

  Front-month WTI futures have leapt above their previous intra-day USD 85.00- 86.00 per barrel trading range to hit highs in at USD 87.00 in recent trade and, at current levels near USD 86.50, now trade back in the green territory on the day. WTI crude oil still trades about USD …

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• 20 January 2022 9:01 pm

  Eurozone Inflation Soars To Record High 5% In December

  

  Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single Euro currency was created. Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single European currency was created. According to the latest figures from …

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• 20 January 2022 7:33 pm

  US Dollar Index Trims Losses, Retakes 95.60

  

  The US dollar Index (DXY), now alternates gains with losses around the 95.60 region. After bottoming out in the vicinity of the 95.40 level, the index managed to regain some composure and trim its earlier losses.The knee-jerk reaction in the buck, in the meantime, looks underpinned by another negative performance …

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• 20 January 2022 6:34 pm

  Market Drivers – European Session 20-1-2022

  

  Markets were waiting for the US data before making any aggressive bets. According to the accounts of the December European Central Bank monetary policy meeting, it was cautioned that a “higher for longer” inflation scenario could not be ruled out.  There were 286,000 initial claims for unemployment benefits in the …

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