Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 7 February 2022 12:46 pm

  Nikkei Falls as Industry Shares Decline

  

  Japan’s Nikkei index fell on Monday, with shares of some industrial companies whose financial results were disappointing, while the stock market was affected by persistent fears of a faster global interest rate hike. The Nikkei index compensated some of its losses incurred in early trading, to close down 0.70 percent …

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• 7 February 2022 7:57 am

  Weekly Recap 31 Jan – 4 Feb

  

  The US dollar ended last week’s trading with losses. The dollar index, which measures the US currency against a basket of major currencies, fell to 95.48 points, compared to 97.13 points posted last week. The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest …

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• 5 February 2022 4:17 am

  Market Drivers – US Session – 4 February

  

  The EUR/USD pair posted its largest weekly gain since March 2020, adding roughly 350 pips to reach a fresh 2022 high of 1.1483, to now trade at around 1.1430. The Euro soared following the European Central Bank monetary policy meeting, after President Christine Lagarde surprised market players with her hawkish …

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• 5 February 2022 3:29 am

  Week Ahead: Inflation Data Next Focus For Investors After Bond Yield Spike

  

  Fierce swinging in stocks and a sharp upping of government bond yields are putting the spotlight on next week’s US inflation data, as investors look forward to more volatility across asset markets.A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than …

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• 5 February 2022 2:31 am

  Latin American Assets Impacted By Strong US Jobs Data

  

  Most Latin American stocks and currencies fell on Friday after data showing strong jobs growth in the United States created room for a more hawkish US Federal Reserve.MSCI’s index of Latin American currencies. MILA00000CUS fell 0.8% and stocks .MILA00000PUS dropped 0.5%. Still, both the indexes were set for weekly gains …

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• 5 February 2022 1:48 am

  US Stocks Climb While Jobs Data, Earnings Digested

  

  Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year. Stocks on Wall Street rose on Friday, as an unexpectedly strong jobs report scrambled investors’ expectations for coming interest rate increases and as the latest …

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• 5 February 2022 1:24 am

  Gold Price Stuck Around $1,800

  

  The gold market hovers around $1,800 per ounce and might not go anywhere anytime soon as market sentiment among Wall Street traders and analysts remains neutral to bearish. Retail investors remain bullish on gold.Gold prices are caught smack in the middle of opposing forces as the global economy faces rising …

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• 5 February 2022 12:22 am

  US Oil-Drilling Rig Count Up For Second Straight Week

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 497 this week. That followed a climb of four oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural …

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• 4 February 2022 11:21 pm

  EUR/USD’s Bullish Momentum Interrupted By Strong US NFP Data

  

  Strong US labour market data on Friday caused the EUR/USD’s pair to stumble, though not enough to trigger a lasting reversal back towards 1.1400, the fresh data has at least prevented the pair from breaching January’s highs in the 1.1480s. Though the pair has recovered back from its sub-1.1420 post-NFP …

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• 4 February 2022 10:34 pm

  WTI Crude Surges Above $92 On Permian Freeze

  

  The US oil benchmark jumped to above $92 per barrel early on Friday, its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.West Texas Intermediate crude oil broke this week the $90 a barrel mark for the first time …

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• 4 February 2022 9:12 pm

  BoC Likely To Hike Interest in March

  

  Data released on Friday, showed the Canadian economy lost 200K jobs in January, more than expected. Analysts at CIBC point out most of the decline came from industries affected by tightening health restrictions and the numbers should not alter the plans of the Bank of Canada (BoC) of raising rates …

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• 4 February 2022 8:19 pm

  Canada lost 200,000 jobs in January as Omicron hit hard

  

  Canada’s unemployment rate has surged to 6.5%. Many businesses closed up shop in January due to the spread of the Omicron variant, which resulted in the loss of work for hundreds of thousands of Canadians. Canada’s economy lost 200,000 jobs last month, according to Statistics Canada, as COVID-19 shutdowns related …

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• 4 February 2022 7:34 pm

  US Dollar Explodes Following Splendid NFP Data

  

  Not only did we get high NFP numbers for January, but we also got positive revisions for the past months. It is not a job market, it is rather paradise back on the financial market’s earth, the USD is trading higher everywhere.The strength of the US dollar manifested itself in …

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