Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 1 February 2022 7:52 pm

  More Insight On Tuesday’s ISM Data

  

  US manufacturing sector slowed in January; but employment surged. A measure of US manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 infections, supporting views that economic growth lost steam at the start of the year.The Institute for Supply Management (ISM) said on Tuesday that …

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• 1 February 2022 7:41 pm

  US ‘ISM Manufacturing PMI’ falls in January below expectations

  

  ISM Manufacturing PMI fell to its weakest since November 2020 in January at 57.6. The Employment subindex hit its highest since last March. According to a survey compiled by the Institute of Supply Management, US Manufacturing PMI fell to 57.6 in January from 58.7 in December. That was a little …

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• 1 February 2022 7:09 pm

  US Dollar Index Depressed Ahead Of ISM Data

  

  The DXY Index has remained on the defensive territory in the low-96.00s as US bond yields remain largely range bound on Tuesday.Sellers are still in control of the sentiment around the US dollar and drag the American currency’s Index (DXY) to new 4-day lows in the 96.25/20 band.The US dollar …

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• 1 February 2022 5:57 pm

  Market Drivers – European Session 1-2-2022

  

  There were no strong market drivers during the European session. Gold prices rose on Tuesday above the key $1800 level, with increased investment demand, further supported by a weak dollar and falling Treasury yields. By 1323 GMT, the price of gold in spot transactions rose 0.5% to $1,805.43 an ounce. …

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• 1 February 2022 4:23 pm

  US Stock Index Futures Contrast With The Dollar’s Decline

  

  The futures prices of US stock indices witnessed a noticeable divergence today, with stock market volatility driven by the technology sector. This came at the same time that the US dollar index was declining, as it now reached nearly 96.345 points, with a decrease of 0.30%. Futures contracts for US …

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• 1 February 2022 2:39 pm

  The USD Continues to Decline And The Australian Dollar Rises

  

  The US dollar extended its decline on Tuesday while risk-sensitive currencies such as the British pound and the Australian dollar rebounded after falling overnight. Global stocks started February higher after falling nearly 5 percent in January, and the currency market changed course as well. After the dollar index reached its …

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• 1 February 2022 2:16 pm

  Electric Car Maker Tesla Shares Up 10%

  

  Shares in electric car maker Tesla rose nearly 10% Monday, on the overall market recovery. CNBC reported that Tesla’s stock had previously fallen nearly 20% in January, amid selling. Stocks came under pressure, especially after CEO Elon Musk said that Tesla will not offer any new model cars to customers …

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• 1 February 2022 1:19 pm

  European Shares Rise After Falling in January

  

  European shares rose on Tuesday, tracking US stocks after upbeat comments from the US Treasury’s chief economist calmed some concerns about the future of the stock market, and UBS shares jumped after posting strong quarterly earnings. The pan-European STOXX 600 index rose 1.2 percent after recording its worst monthly performance …

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• 1 February 2022 12:47 pm

  Oil Rises Supported by Low Supply And Recovery After The Pandemic

  

  Oil prices rose on Tuesday, hovering near the highest levels in seven years recorded last week, supported by expectations of continued tight supply due to a limited increase by major producers and a strong recovery in fuel demand after the pandemic. Brent crude contracts for April delivery rose 24 cents, …

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• 1 February 2022 3:02 am

  Market Drivers – US Session – 31 January 2022

  

  Gold was up 0.6% to $1,797.5, silver was up 0.5% to $22.41 an ounce, and copper was up 0.4% to $4.33 per pound. Among energy ETFs, the United States Oil Fund was up 0.6% to $62.35, and the United States Natural Gas Fund was up 5.4% to $17.16.US equities advanced …

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• 1 February 2022 2:42 am

  Inflation, Deficits Cannot Dim Appeal of US Treasury Bonds

  

  US Treasury rates remain strikingly low, partly because of the safety government debt offers corporations and retirees. Markets have been in disturbance. The Federal Reserve is taking steps to cool off the economy, as questions loom about the course of the recovery. And news headlines are announcing that government bond …

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• 1 February 2022 1:53 am

  US Shares Advance as Technology, Consumer Discretionary Stocks Rebound

  

  US equities advanced after midday on Monday as technology and consumer discretionary sectors, which were among the worst performers last week, rebounded.The Nasdaq Composite jumped 2.4% to 14,101.01, with the S&P 500 up by 1.2% to 4,485.12. The Dow Jones Industrial Average climbed 0.6% to 34,938.32 after briefly trading in …

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• 1 February 2022 1:34 am

  Fed’s Barkin: Rate Hikes Pace Depends On Inflation

  

  Federal Reserve Bank of Richmond President Thomas Barkin said, Monday, that he would like the Fed to get better positioned. “How fast we go depends on how the economy develops, he added, saying also that the pace of rate hikes will depend on the pace of inflation. I’d like us …

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