Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 4 January 2022 6:47 pm

  OPEC+ Ends The Longest Open Meeting And Proceeds With Its Plan

  

  The Organization of the Petroleum Exporting Countries and its allies agreed to revive more of the suspended production as the prospects for global oil markets improve, amid expectations that demand will be able to withstand the repercussions of the new Coronavirus mutant. Delegates said the 23-nation coalition led by Saudi …

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• 4 January 2022 6:45 pm

  Market Drivers – European Session 4-1-2022

  

  The UK manufacturing sector activity expanded more than expected in December, the final report from IHS Markit confirmed on Tuesday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher from 57.6 to 57.9 in December, beating expectations of 57.6. According to IHS Markit, Canadian Manufacturing …

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• 4 January 2022 5:55 pm

  US Stock Index Futures Rise

  

  US stock index futures rose in trading on Tuesday morning, in light of the market’s anticipation during the next few days, the start of the season of announcing the quarterly business results for companies for the last quarter of last year. It began with the rise in the futures prices …

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• 4 January 2022 4:20 pm

  Tourism And Banking Stocks Lift The European Index to a New Peak

  

  European shares extended their rally on Tuesday, led by travel, banking, and commodity-related shares amid fresh indications that the mutated Omicron strain of coronavirus may be less severe than previously thought. The pan-European Stoxx 600 index rose 0.6 percent to 493.1 points, setting a new record, after the US Standard …

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• 4 January 2022 3:26 pm

  OPEC Lowers Its Forecast For Surplus Global Oil Supplies in Q1

  

  OPEC lowered its forecast for the excess supply of oil in global crude markets during the current quarter, a day before the group’s meeting scheduled for tomorrow, Tuesday. And according to internal research conducted by the group and its allies on Monday and reported by the “Bloomberg” agency, the oil …

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• 4 January 2022 2:09 pm

  Oil Prices Rise Ahead of The OPEC Meeting

  

  Oil prices rose in trading on Tuesday, with investors expecting oil producers to boost supplies at Tuesday’s meeting, indicating that demand for fuel remains strong despite the spread of the Omicron mutant. Brent crude futures rose 43 cents to $79.05 a barrel, while US West Texas Intermediate crude recovered its …

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• 4 January 2022 1:25 pm

  Gold is Rising After The Biggest Loss in 6 Weeks

  

  Gold prices rose on Tuesday after rising US bond yields, supported by bets that the Federal Reserve would raise interest rates faster than expected, pushed the precious metal to its biggest drop in six weeks in the previous session. And gold rose 0.2 percent in spot contracts to $ 1804.40 …

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• 4 January 2022 12:58 pm

  Japan’s Nikkei Jumps to Its Highest Close in a Month And a Half

  

  The Japanese Nikkei index jumped on Tuesday to close at its highest level in six weeks, supported by shares of companies related to chips and shares of the auto industry, after a strong closing of US stocks last night, and with the decline of the yen, which supported auto stocks. …

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• 4 January 2022 11:47 am

  WTI Hovering Around $ 76 As Traders Await OPEC+ Meeting

  

  OPEC and allies will have their twenty fourth meeting Tuesday to proceed with their plan to increase production by 400,000 barrels per month in January; the move was agreed to in December aiming at stabilizing the rising oil prices caused by low supply and global supply remains low. This may …

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• 3 January 2022 5:53 pm

  The Dollar Rises With The Beginning of 2021 Trading

  

  The dollar rose somewhat against the major currencies as market sentiment improved on Monday, with European shares and government bond yields soaring on the first trading day of 2022. But trading volumes are expected to remain limited with London, Europe’s main currency market, closed for a holiday. Despite the rise …

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• 3 January 2022 1:18 pm

  Reuters: OPEC is Closer to Fixing Its Production Plans in February

  

  Three sources from the OPEC + group said that the alliance is closer to committing to its plans to increase production in February, with a slight and short-term impact on demand from the Coronavirus, Omicron is likely. In a technical report seen by Reuters on Sunday, OPEC+ downplayed Omicron’s impact …

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• 3 January 2022 11:58 am

  Oil Starts The New Year Higher, But Covid Fears Limit Gains

  

  Oil prices rose on Monday as the market started 2022 positively ahead of a meeting of the OPEC+ group on Tuesday, although the increase in COVID-19 cases continued to dampen demand sentiment. Brent crude, the global benchmark, rose 59 cents, or 0.76 percent, to $78.37 a barrel by 0440 GMT. …

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• 3 January 2022 11:36 am

  The Turkish Lira is Declining by 5%

  

  The Turkish lira fell 5 percent on Monday, after it witnessed its worst performance in 2021 since President Recep Tayyip Erdogan came to power nearly 20 years ago, with persistent fears of high inflation and unconventional monetary policy. The lira fell to 13.92 pounds to the dollar, after it closed …

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