Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 13 January 2022 2:52 am

  New Zealand New Building Permits Rebound

  

  The number of building consents issued for new dwellings in New Zealand rose 0.6 percent month-over-month to 4,206 in November of 2021, following a downwardly revised 2.1 percent fall in the previous month. In the year ended in November 2021, the actual number of new dwellings consented was 48,522 up …

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• 13 January 2022 2:13 am

  Energy Commodity Prices Increased By 59% In 2021

  

  The prices of energy, crude and gasoline all increased in 2021 from 2020 according to the latest data released Wednesday by the US Energy Information Agency.Prices increased because of higher demand and a range of other factors. By the end of 2021, commodities on the energy index traded 59% higher …

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• 13 January 2022 1:33 am

  Wall Street Slightly Higher On Wednesday

  

  US stocks traded higher on Wednesday after the inflation report comprising the awaited CPI data was released but in the afternoon trade gains were cut. The inflation figures in the US eased concerns that the Fed will need to tighten faster than early announced. The S&P 500 added roughly 0.28% …

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• 13 January 2022 1:05 am

  Biden: US Making Progress On Still-Rising Inflation

  

  US President Biden on Wednesday has insisted that his administration is “making progress” on inflation, despite data showing it continued to grow last month for an annual jump of 7 percent, the highest increase since 1982.The White House highlighted falling fuel costs in December and lower overall monthly increase of …

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• 13 January 2022 12:19 am

  US Government Budget Deficit Sharply Narrows More Than Expected

  

  The US budget deficit sharply narrowed to USD 21.3 billion in December 2021, compared with a USD 143.5 billion gap in the same period last year and market expectations of a USD 25 billion gap. Outlays increased 3.7 percent to USD 508.04 billion, while receipts soared 40.6 percent to USD …

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• 12 January 2022 11:39 pm

  US Reports Sudden Drop In Leisure, Hospitality Spending Over Omicron

  

  According to the Fed’s Beige Book, a report on current economic conditions in each of the 12 Federal districts, most districts experienced a sudden pullback in leisure and travel spending, as well as hotel occupancy and patronage at restaurants as the number of Covid-19 Omicron infections rose. Additional Takeaways: “Contacts …

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• 12 January 2022 10:35 pm

  US Shares Up, Equity Investors Breathe Relief On Back of CPI Data

  

  US equities are up broadly higher as markets relieved that the latest US CPI data was not worse, rather the data comes in line with expectations though at a 40 year high. The S&P 500 is about 0.3% in the 4730 area whilst the Nasdaq 100 up 0.5% and probing …

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• 12 January 2022 8:52 pm

  Fed’s Mester: Rate Increases Depending On Economy

  

  Federal Reserve Bank of Cleveland President Loretta Mester said in an interview with the WSJ that, depending on what happens with the economy, some of the rate increase further out may need to be moved forward. Additional Remarks:“There are many things pushing up inflation now, including supply chain issues and …

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• 12 January 2022 7:52 pm

  US Dollar Sinks After CPI Data

  

  The US Dollar has dropped 30 pips across the board, meanwhile, commodities have jumped, Treasury yields have fallen and the dollar is under broad pressure following the CPI report.The price move is a little tough to square with the data. The numbers were broadly in-line with the consensus, if not …

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• 12 January 2022 5:49 pm

  US Annual CPI Inflation Rose to 7.0% in December

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 7.0% on a yearly basis in December from 6.8% in November, the US Bureau of Labor Statistics reported on Wednesday. That was in line with the median economist forecast for a reading of 7.0%. The MoM …

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• 12 January 2022 5:04 pm

  Goldman Sachs Lowers Its Forecast For China’s Economic Growth Due to Corona

  

  The US bank, Goldman Sachs, cut its growth forecast for China, as it faces a difficult battle to contain the spread of the fast-spreading Corona mutated, and the US investment bank now sees that the economy will grow 4.#% this year, compared to 4.8% its previous forecast. Economists at the …

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• 12 January 2022 3:55 pm

  The Dollar Settled Near Its Lowest Level in Two Months

  

  The price of the dollar settled near its lowest level in two months against the major currencies on Wednesday, ahead of the release of data that is expected to show a new rise in the US inflation rate, which supports the prospects of rising interest rates early. Federal Reserve Chairman …

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• 12 January 2022 2:51 pm

  European Shares Rise Amid Global Relief After Powell

  

  European shares rose on Wednesday, tracking gains made by Wall Street in the evening after Federal Reserve Chairman Jerome Powell expressed a less hawkish stance on monetary policy during testimony before Congress. The pan-European STOXX 600 index rose 0.5% by 0813 GMT, following the path of global stocks, after Powell …

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