Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 4 February 2022 4:40 pm

  Oil Hits 7-Year High on Supply Worries

  

  Oil prices reached their highest level in seven years on Friday as geopolitical tensions and a winter storm in the United States fueled concerns about supply disruptions. Brent crude rose $1.32, or 1.5 percent, to $92.43 a barrel by 1120 GMT, after earlier touching its highest level since October 2014, …

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• 4 February 2022 3:52 pm

  Oil Stocks Boost European Shares

  

  European shares rose slightly on Friday as oil inventories rose but persistent concerns about inflation and an impending interest rate hike by the European Central Bank. The pan-European Stoxx 600 index rose 0.4 percent, after falling nearly 2 percent in the previous session. Oil inventories led the gains, adding 1.4 …

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• 4 February 2022 2:59 pm

  Euro area Retail Sales Decline by 3% in December

  

  Retail Sales in the euro area fell by 3% on a monthly basis in December, the data published by Eurostat showed on Friday. This print missed the market expectation for a decrease of 0.5%. In the EU, Retail Sales contracted by 2.8%.

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• 4 February 2022 2:16 pm

  NFP Preview: Forecasts From Four Major Banks

  

  The US Bureau of Labor Statistics will release the January jobs report on Friday, February 4 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data. Deutsche Bank “We are …

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• 4 February 2022 1:27 pm

  Gold Rises as Dollar Slips Ahead of US Jobs Report

  

  Gold prices rose as the dollar fell on Friday, as markets awaited the US jobs report that may affect the Federal Reserve’s inclination to tighten monetary policy. Spot gold rose 0.1 percent to $1,805.90 an ounce. And US gold futures rose 0.2 percent to $ 1807.20. If the US jobs …

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• 4 February 2022 12:34 pm

  Japan’s Nikkei Index Records First Weekly Increase in 5 Weeks

  

  The Japanese stock index rose after a mid-day break on Friday, reversing its trend after a tepid morning session, to end the day with strong gains that halted a four-week decline. The Nikkei index closed the day’s trading, up 0.73 percent, recording 27439.99 points. Over the week, it recorded an …

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• 4 February 2022 11:57 am

  Ford’s Earnings Beat Expectations in The Q4

  

  Ford reported fourth-quarter earnings on Thursday, which largely missed Wall Street earnings expectations and lost slightly in revenue. Adjusted earnings per share were 26 cents versus 45 cents expected, and auto revenue was $35.3 billion versus $35.5 billion expected. While the automaker met its 2021 annual profit guidance, Ford Chief …

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• 4 February 2022 11:54 am

  Amazon Announces a 9% Increase in Revenue in Q4 in The Fourth Quarter

  

  Amazon shares fell more than 4% in extended trading on Thursday after the company reported weaker-than-expected Amazon posted a significant profit outperformance for the fourth quarter, buoyed by gains from its investment in electric vehicle company Rivian. The company also revealed revenues from its fast-growing advertising business for the first …

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• 4 February 2022 11:20 am

  Diesel And Heating Oil Stocks Fall in The United States

  

  The supplies of fuel oil in the United States, including diesel and heating oil, have fallen, and refineries are finding it difficult to refill their stocks, which could keep prices high for months. Demand for diesel, heating oil and other petroleum products has been increasing for months, more than pre-pandemic …

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• 4 February 2022 4:40 am

  Market Drivers – US Session – 3 February

  

  Commodity-linked currencies were little changed against the greenback. AUD/USD is unchanged at around 0.7130, while USD/CAD hovers around 1.2670.The USD/JPY nears 115.00 at the end of the American session, as government bond yields edged higher. The yield on the 10-year Treasury note is currently at 1.82%.Gold trimmed intraday losses and …

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• 4 February 2022 4:19 am

  How Does Bitcoin Perform In Muted Trading?

  

  The largest cryptocurrency by market capitalization retreated before recovering ground later in the day. Bitcoin’s price was roughly flat over the past 24 hours, while its spot volume reduced further.Bitcoin ‘s price late Thursday was roughly flat after dipping in earlier in the day, while spot trading volume remained muted. …

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• 4 February 2022 4:07 am

  Boris Johnson’s Chances Of Survival Rated 50/50

  

  Cabinet Ministers believe there is a 50/50 chance that Boris Johnson will be forced out of office after four of his most senior aides quit 10 Downing Street and his Chancellor publicly rebuked him,” said the Times while conveying political hardships for UK’s Johnson during early Friday morning in Asia.Dan …

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• 4 February 2022 3:25 am

  Treasury yields reap gains ahead of NFP data

  

  Treasury yields rose on Thursday as investors remained focused on the upcoming key NFP data. The yield on the benchmark 10-year Treasury note climbed 6 basis points to 1.831%. The yield on the 30-year Treasury bond added 5 basis points to reach 2.152%.Yields move inversely to prices and 1 basis …

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