Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 31 January 2022 9:18 pm

  NFP expected to fall by 100000 in January

  

  On Friday 4 February, the US official employment report will be released. Market consensus is for an increase in payrolls of 155K while Wells Fargo expects a decline by 100K. They anticipate average hourly earnings to rise by 0.6% during January.Key Quotes: “In recent months, there have been substantial revisions …

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• 31 January 2022 8:30 pm

  NZD/USD Rebounds Amid Improved Risk Appetite

  

  The NZD/USD pair is enjoying a modest rebound from the 14-month lows it struck last Friday amid improved risk appetite. Traders will have plenty of US data, Fed speakers’ statements and remarks, in addition to Q4 NZ jobs data to monitor this week.A more risk-on mood in global equity and …

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• 31 January 2022 8:01 pm

  Chicago PMI Surges in January

  

  Activity at factories in the U.S. Midwestern region defied expectations by gaining momentum in January. The Chicago purchasing managers’ index (PMI) delivered a fresh reading of 65.2, indicating manufacturing expansion accelerated in the first month of 2022, rising from December’s upwardly revised 64.3 and coming in well above the 61.7 …

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• 31 January 2022 7:37 pm

  Forecasts from eight major banks on RBA’S monetary policy

  

  The Reserve Bank of Australia will meet on Tuesday, 1 February, forecasts by the economists and researchers of eight major banks regarding the upcoming central bank’s decision are worth considering. The RBA is expected to end its pandemic-related bond-buying program while market participants speculate policymakers will bring forward rate hikes’ …

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• 31 January 2022 6:09 pm

  Market Drivers – European Session 31-1-2022

  

  There were no strong market drivers during the European session. The Eurozone economy expanded by 0.3% on quarter in the three months to December of 2021, meeting 0.3% expected and 2.3% prior, the preliminary estimate showed on Monday. Germany’s Harmonized Index of Consumer Prices (HICP), which is the ECB’s preferred …

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• 31 January 2022 5:53 pm

  Gold is Heading For Its Worst Monthly Performance Since September

  

  The price of gold fell on Monday and is heading to record the largest monthly decline since September, while the markets expect to raise the US interest rate on the back of economic data, and the rise of the dollar affected the price of gold. Spot gold prices are trading …

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• 31 January 2022 5:05 pm

  Oil Prices Rise Amid Geopolitical Risks

  

  Oil prices rose on Monday as supply shortages and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in nearly a year. Brent crude, the benchmark, rose 66 cents, or 0.7 percent, to $90.69 a barrel by 1005 GMT. The March …

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• 31 January 2022 3:46 pm

  European Shares Rise Ahead of Central Bank Meetings

  

  European shares rose on Monday after their worst week in more than two months, as investors looked ahead to the European and British central bank meetings amid concerns about monetary policy tightening, rising inflation and geopolitical tensions. The pan-European Stoxx 600 index rose 0.9 percent, with technology shares up 2 …

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• 31 January 2022 3:07 pm

  Eurozone Preliminary GDP Expands by 0.3% Q4

  

  The Eurozone economy expanded by 0.3% on quarter in the three months to December of 2021, meeting 0.3% expected and 2.3% prior, the preliminary estimate showed on Monday. Annually, the bloc’s GDP rate rose by 4.6% in Q4 vs. 3.9% booked in the third quarter of 2021 while missing 4.7% …

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• 31 January 2022 1:47 pm

  The Dollar is Falling in The Week of Central Bank Meetings

  

  The US dollar slipped on Monday, moving away from 1-1/2-year highs hit on Friday after hawkish comments from a US Federal Reserve official pushed the US bond yield curve to a three-month low. After the Federal Reserve in its meeting last week clearly indicated a rate hike in March, some …

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• 31 January 2022 1:19 pm

  Japan Shares Continue to Gain

  

  Japanese shares extended their tech rally in overnight trading after the prime minister said he is not currently considering imposing a new state of emergency in the country. The rise in chipmaker Sony and SoftBank Group helped lift the Nikkei index, after US stocks rose at the end of last …

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• 31 January 2022 12:29 pm

  Oil Approaching Its Highest Levels in Seven Years

  

  Oil prices rose on Monday to close to more than seven-year highs hit in the previous session, as political turmoil in Eastern Europe and the Middle East raised concerns about supply shortages. Brent crude, the benchmark, rose 92 cents, or 1.0 percent, to $90.95 a barrel, after gaining 69 cents …

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• 30 January 2022 8:43 pm

  Weekly Recap 24-28 January

  

  US Data released on Friday showed the Employment Cost Index (ECI) rose 1% during the fourth quarter, and 4% during the year. Analysts at Wells Fargo point out the quarterly increase was more restrained than Q3’s 1.3% gain, and they consider that may tamp down fears of a wage-price spiral …

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