Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 25 January 2022 9:06 pm

  S&P 500 Dips As Monday’s Late Session Momentum Fades

  

  After Monday’s stunning late-session recovery that saw the major US indices post and incredible recovery from intra-day lows, sentiment has taken a turn for the worse again. The S&P 500, which recovered a more than 4.0% dip to as lows as the 4220s on Monday to close above 4400, is …

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• 25 January 2022 8:53 pm

  US: CB Consumer Confidence Falls To 113.8 Above Expectations

  

  According to the latest US Conference Board survey, headline Consumer Confidence fell to 113.8 in January from 115.2 (revised lower from 115.8) in December, less than the expected decline to 111.8. The drop slight drop reflects the impact of the rapid spread of the Omicron Covid-19 variant in the US …

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• 25 January 2022 7:59 pm

  Traders Reluctant Ahead Of BoC’s Rate Decision

  

  The USD/CAD pair has dropped back from earlier session highs in the 1.2660s to the 1.2640 area, to put it back to trading with Asia Pacific 1.2620-1.2650ish trading ranges. The Canadian dollar and other risk-sensitive currencies remain highly sensitive to US equity market volatility. Major US indices have been taking …

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• 25 January 2022 7:40 pm

  Gold Prices Jump Boosted By T-Yields Drop

  

  A quick drop in US yields boosted XAU/USD that jumped from $1840 to $1853, reaching the highest level since November 19. It then pulled back all the way to $1840 and now is approaching the $1850 area again. Prices remain volatile in metals, stocks and bonds. The spike in gold …

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• 25 January 2022 7:00 pm

  Market Drivers – European Session 25-1-2022

  

  The European session has been fairly quiet as stocks seem somewhat more cautious after the bounce on Wall Street yesterday. US futures have fallen since Asian trading and maintained this trend throughout European morning trading. The dollar received some support before the Federal Reserve. EUR/USD fell to fresh five-week lows …

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• 25 January 2022 5:12 pm

  Pfizer and Biotech launch a trial of a vaccine targeting Omicron

  

  Pfizer and Biotech said Tuesday they have started a clinical trial to test a new version of their vaccine specifically designed to target the omicron mutant of COVID-19 that has eluded some of the protection provided by the original two-dose vaccine regimen. The two companies intend to test the immune …

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• 25 January 2022 4:36 pm

  USD Overview: The Focus is Back on FED

  

  The US dollar rebounded today, Tuesday, to record a strong rise against other currencies, coinciding with several factors that affected its performance, on top of which are the current geopolitical tensions and the markets’ anticipation of critical economic data. As Russia builds up its troops and soldiers at the Ukrainian …

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• 25 January 2022 3:14 pm

  Oil Prices Rise as Fears of a Supply Shortage Grow Due to Political Tensions

  

  Oil prices rose on Tuesday, recouping some of their losses on Monday as rising tension in Eastern Europe and the Middle East heightened fears of a supply shortage. Brent crude futures rose $1.21, or 1.5 percent, to $87.52 a barrel by 0946 GMT, after falling 1.8 percent in the previous …

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• 25 January 2022 2:29 pm

  German IFO Business Climate Unexpectedly Improves in January

  

  The headline German IFO Business Climate Index unexpectedly jumped to 95.7 in January versus last month’s 94.7 and the consensus estimates of 94.7. Meanwhile, the Current Economic Assessment dropped to 96.1 points in the reported month as compared to last month’s 96.9 and 96.1 anticipated. The IFO Expectations Index – …

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• 25 January 2022 1:15 pm

  IBM Shares Rise About 7% After Results

  

  IBM shares jumped 7% in after-hours trading on Monday, January 24, after the software and services company said revenue jumped 6% in the fourth quarter, beating expectations. Revenue came in at $16.7 billion, versus analyst expectations of $15.96 billion, according to Refinitiv. The company showed the fastest revenue growth since …

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• 25 January 2022 12:39 pm

  Oil Prices Rise 1% Due to Fear of Supply Shortage

  

  Oil prices rose on Tuesday, recouping some of their losses on Monday as rising tension in Eastern Europe and the Middle East heightened fears of a supply shortage. Brent crude futures rose 60 cents, or 0.7 percent, to $86.87 a barrel, after falling 1.8 percent in the previous session. US …

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• 25 January 2022 4:39 am

  Market Drivers – US Session – 24 January

  

  Markets were ghosted by a wave of risk aversion on Monday, only safe-havens benefitted but risk-sensitive currencies were hurt, though the latter group had pared back on much of their earlier underperformance by the end of US trading session as risk appetite recovered.The US dollar was the safe haven of …

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• 25 January 2022 3:45 am

  Bitcoin Bounces Back After Falling Below $33,000

  

  Bitcoin rallied on Monday afternoon, trading above $37,000, after falling to a seven-month low in the morning, as the cryptocurrency moved in lockstep with a swift rally in risk assets.Bitcoin was trading at $36,800 at 5 p.m., up, 4.7% on the day. In the morning, it traded below $33,000 for …

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