Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 8 January 2022 5:05 am

  Market Drivers – US Session – 7 January

  

  Nonfarm Payrolls relatively disappointed prior estimates, but the labor market indicators were stronger than expected. The employment data has had a modest impact on the forex market. In the light of the NFP data, the US Fed is very determined to move out of easing policy settings.Economic DataNonfarm Payrolls (NFP) …

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• 8 January 2022 4:24 am

  What 2022 Will Bring For Cryptocurrency Investors

  

  The first seven days of 2022 have not been kind to bitcoin, as the most famous cryptocurrency lost 11% of its value within days and finished this week at about $42,000; down almost 40% from its all-time high in 2021’s fall.Other digital coins including ethereum and ripple also fell this …

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• 8 January 2022 3:03 am

  What Surprises Could US Stocks Encounter Next Week?

  

  Inflation, rising rates and the Federal Reserve could lash US stocks next week. After a sharp jump in bond yields with the new year, rising rates could again impose a different tone on the stocks next week. Powell and Brainard’s TestimonyBig events, for newt week, include testimony by Federal Reserve …

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• 8 January 2022 2:26 am

  Will Bidenomics’ Bubbles Start To Deflate?

  

  The new year’s first week closed with a usual jobs report signaling solid annual wage growth of 4.7% but a disappointing figure of new jobs. Employment rose by just 199,000 in December, far less than expected. The economy created a record-breaking 6.4 million jobs in 2021, but that was after …

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• 8 January 2022 2:03 am

  Bank of England’s February Rate Hike Still 50:50

  

  Will the Bank of England hike interest rates again at the beginning of February? Market observers do believe the answer is yes. The monetary policy committee may wait until May, though February’s meeting is looking much more 50:50 than it did just a few weeks ago. Partially, that is because …

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• 8 January 2022 12:43 am

  Eurozone Inflation Soars To Record 5 Percent,

  

  Inflation in the Eurozone climbed to an annual rate of 5 percent in December, the second-consecutive record, according to the European Union statistics office’s initial estimate, which was released on Friday.The rate was slightly higher than the previous month’s increase of 4.9 percent. Inflation around the world has jumped as …

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• 8 January 2022 12:23 am

  US Drillers Add Oil, Gas Rigs For Fourth Week

  

  US energy companies kicked off the new year by continuing to add oil and natural gas rigs this week after increasing the rig count in 2021 after two years of declines.The oil and gas rig count, an early indicator of future output, rose two to 588 in the week to …

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• 7 January 2022 11:31 pm

  US Treasury Yields Surge On Wage Growth

  

  The US 10-year note’s yield extended its climb, reaching the highest level in nearly two years, after December employment data showing strong wage growth fanned inflationary concerns and solidified March as the likely starting point for the first rate hike by the Federal Reserve.While the 199,000 new jobs fell short …

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• 7 January 2022 10:32 pm

  WTI Maneuvering Geopolitical Worries, Still Targeting Solid Weekly Gains

  

  WTI slipped back under $79.00 on Friday but remains on course for substantial weekly gains. Supply as well as geopolitical issues have been key drivers of oil this week, with the broader macro-economic story taking a back seat.  Oil prices have come under modest selling pressure on the final day …

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• 7 January 2022 9:49 pm

  Weaker USD Shields Gold From Surging Yields

  

  Gold has been swinging either side of the $1790 level in recent trade in wake of the latest jobs report. XAU/USD is being shielded from higher yields by the weaker US dollar, and if this reverses, gold will be in trouble.Gold is nervously holding on to very modest on-the-day gains …

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• 7 January 2022 8:38 pm

  NFP Data Puts US Shares Under Pressure

  

  The S&P 500 index is down by about 0.6% as yields rally, hurting the dominant tech sector. The latest US jobs report, though mixed, has been interpreted as endorsing the Fed’s monetary tightening plans for 2022.The S&P 500 is trading on the back foot as its heavyweight tech sector suffers …

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• 7 January 2022 8:09 pm

  Fed’s Daly: Inflation not temporary because Covid-19 isn’t either

  

  San Francisco Federal Reserve Bank President Mary Daly said on Friday that inflation is not as temporary as the Fed policymakers once thought because Coivd-19 isn’t either. A wage-price spiral isn’t showing up in the data yet, she added, but is worth watching for. Key Quotes“Anchored longer-run inflation expectations also …

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• 7 January 2022 7:45 pm

  NFP To Encourage Tightening, Keep USD Strong

  

  Nonfarm Payrolls relatively disappointed prior estimates, but the labor market indicators were stronger than expected. The employment data has had a modest impact on the forex market. In the light of the NFP data, the US Fed is very determined to move out of easing policy settings.The disappointment in payrolls …

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