Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 19 January 2022 9:15 pm

  US Home Building Ends 2021 With Strong Momentum

  

  Economic figures released on Wednesday surpassed expectations in the US with Housing starts rising 1.4% in December to 1.70 million (annual). Analysts at Wells Fargo point out a milder than usual weather allowed more construction to take place in what is normally a seasonally slow month.Key Quotes: “Home building finished …

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• 19 January 2022 8:47 pm

  WTI Crude Hits Highest Price Since 2014

  

  Iraq-Turkey pipeline outage has sparked fresh supply concerns. WTI crude has hit $87.82 for the first time since September 2014 on Wednesday. A momentary outage of an Iraqi-Turkish pipeline was attributed as driving the most recent oil price gains.But the broader themes of tighter than expected market conditions and rising …

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• 19 January 2022 8:26 pm

  Will BoC Delay Monetary Policy Normalization

  

  Data released on Wednesday showed the Canadian CPI rose in December to 4.8% (annual), the highest level since 1991. Core inflation will likely continue to run around 2.3% and 3%. They see the Bank of Canada raising rates five times during 2022 according to analysts at the National Bank of …

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• 19 January 2022 7:26 pm

  BoE’s Bailey: Regional agents are seeing some evidence of second-round inflation effects

  

  Bank of England Governor Andrew Bailey, who is currently testifying before the UK Parliament’s Treasury Select Committee, said on Wednesday that regional agents are seeing some evidence of second-round inflation effects. Additional Quotes:“Since November, financial markets have pushed back when they expect energy prices to fall.”“Tension on the Ukrainian border …

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• 19 January 2022 6:23 pm

  Market Drivers – European Session 19-1-2022

  

  Data released today by Statistics Canada showed that the inflation index grew as expected for the third consecutive month in December, as the consumer price index fell by 0.1% in December, in line with market expectations, but less than the previous reading, which recorded an increase of 0.2 % last …

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• 19 January 2022 6:00 pm

  Oil at Its Highest Level Since 2014

  

  Oil prices rose on Wednesday for the fourth consecutive day after a pipeline fire from Iraq to Turkey briefly halted supplies, raising concerns about an already-existing outlook for near-term tightness. Brent crude futures rose 48 cents, or 0.6 percent, to $ 87.99 a barrel by 1245 GMT, after rising 1.2 …

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• 19 January 2022 5:22 pm

  Gold Rises From Its Lowest Level in a Week

  

  Gold prices rose on Wednesday, but moves were limited as markets looked ahead to the upcoming Federal Reserve meeting as it is widely expected to raise interest rates in an attempt to contain rising inflation. Gold in spot transactions rose 0.2 percent to $ 1817.90 an ounce by 1217 GMT, …

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• 19 January 2022 4:08 pm

  UAE Energy Minister: We Are Committed to Supporting The OPEC+

  

  The Emirates News Agency quoted Energy Minister Suhail Al Mazrouei as saying on Wednesday that his country is committed to supporting the OPEC+ alliance to achieve a balance between supply and demand. The agency also quoted the minister as saying that the UAE is working to establish a platform for …

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• 19 January 2022 3:22 pm

  UAE Energy Minister: I Am Not Concerned About Oil Price Expectations in The Short Term

  

  UAE Energy Minister Suhail Al Mazrouei said on Wednesday that he is not concerned “in the short term” when asked about analysts’ expectations that oil prices will exceed $100 a barrel. The price of the benchmark Brent crude contract rose 0.33 percent on Wednesday to $ 87.76 a barrel, with …

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• 19 January 2022 2:34 pm

  European Stocks Fall at The Beginning of Trading, With Global Stock Market Losses

  

  European shares fell at the beginning of Wednesday’s trading, led by shares of food and beverage companies and with global stock markets losses. Economic data in the UK revealed that inflation rose to a 30-year high in December at 5.4%, exceeding analysts’ expectations of 5.2%. “We’re hearing a lot of …

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• 19 January 2022 1:33 pm

  Nikkei Index Falls to Its Lowest Level in 5 Months

  

  Nikkei index falls to its lowest level in 5 months, affected by the decline of Toyota and Sony Toyota’s stock fell 4.97% after it said it expected not to achieve its goal of selling 9 million vehicles annually due to the chip shortage crisis. 12 shares rose on the Nikkei …

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• 19 January 2022 12:58 pm

  Inflation in Britain Has Risen to Its Highest Level in 30 Years

  

  UK inflation rose to a 30-year high in December, as rising energy costs, rising demand and supply chain problems continued to push up consumer prices. The inflation rate reached 5.4% annually, the highest level since March 1992, and an increase from 5.1% in November, which is itself the highest level …

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• 19 January 2022 4:02 am

  Parliamentary Plot To Oust Boris Johnson

  

  “Boris Johnson is set to announce the lifting of ‘Plan B’ COVID restrictions on Wednesday as a plot to oust him by Tory MPs first elected in 2019 emerged.The news also mentioned UK Prime minister Johnson to have appeared forlorn in a television interview while apologizing for misjudgments ‘that I …

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