Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 17 January 2022 10:49 pm

  WTI Holds Support Around $84.00 AS Physical Market Builds

  

  Amid holiday-thinned trading conditions with US markets shut for MLK Day, oil prices have been broadly stable on the first trading session of the week, with front-month WTI futures subdued near $84.00 per barrel.Prices hit a fresh two-month high in the $84.70s early on during Asia Pacific trade, but profit-taking …

  Read More »
• 17 January 2022 9:02 pm

  Wells Fargo Expects A Quieter Fed Meeting In January

  

  The FOMC’s first meeting of the year is likely be a quieter affair than its December meeting, when the Committee accelerated its taper plans and outlined a more aggressive policy path for 2022. According to Wells Fargo, “there will not be a fresh Summary of Economic Projections, and we expect …

  Read More »
• 17 January 2022 8:01 pm

  BoJ Preview: Eight Major Banks Speculating On Price Risks

  

  The Bank of Japan will announce its policy decision on Tuesday, January 18. The central bank is unanimously expected to keep its policy settings at the conclusion of its two-day meeting and as it gets closer to the release time, here are the expectations forecast by the economists and researchers …

  Read More »
• 17 January 2022 7:54 pm

  BoC Survey: Business Sentiment In Canada Improves Again

  

  The Bank of Canada’s Business Outlook Survey (BoS) for Q4 revealed on Monday that the business sentiment in Canada improved again, with the BoS indicator coming in at a new record high of 5.99, up from 4.73 in the third quarter. The data for the latest survey was collected prior …

  Read More »
• 17 January 2022 4:53 pm

  Russia Fines Google For Not Removing Content Banned by Moscow

  

  A Moscow court said on Monday it has fined Alphabet Inc’s Google 4 million Russian rubles ($52,526) for providing access to content banned in Russia, the latest in a string of fines for the US tech giant. Russia has stepped up its efforts to pressure big tech companies, imposing huge …

  Read More »
• 17 January 2022 3:17 pm

  The dollar is stable, traders are reassessing their bets on raising interest rates

  

  The US dollar fell somewhat on Monday as traders believed the US Federal Reserve’s rate hike steps had already been absorbed while the euro retreated from Friday’s two-month high. The Chinese central bank’s sudden cut in key lending rates has highlighted the bank as a tweeter out of the fray …

  Read More »
• 17 January 2022 2:15 pm

  Saudi Energy Minister: It’s U.S. Prerogative to Draw on Strategic Oil Reserves

  

  Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday it was up to the United States whether or not to withdraw more supplies from its strategic oil reserves. The administration of US President Joe Biden said in November that it would withdraw about 50 million barrels from its reserves …

  Read More »
• 17 January 2022 1:30 pm

  China’s Economy Grows 8.1% in 2021, Exceeding The Government Target

  

  Official data showed today, Monday, that China’s economy achieved stable growth in 2021 despite challenges, including the re-spread of the epidemic and the complex external environment. According to the National Statistics Authority, China’s gross domestic product rose 8.1 percent year on year to 114.37 trillion yuan (about 18 trillion US …

  Read More »
• 17 January 2022 12:20 pm

  Oil Rises on Supply Fears And Limited Impact on Omicron

  

  Oil prices rose on Monday, with Brent futures reaching their highest levels in more than three years, as investors bet that supplies will remain limited due to pressures on production from major producers, while global demand was not affected by the spread of the new mutant Omicron from the Coronavirus. …

  Read More »
• 17 January 2022 11:25 am

  The People’s Bank of China sets the yuan at 6.3599 dollars

  

  The People’s Bank of China set the exchange rate of the yuan against the US dollar at 6.3599 yuan per dollar, at the same time, expectations were for the Chinese yuan to stabilize against the dollar at 6.3604 yuan per dollar, and the previous value of the yuan was 6.3677 …

  Read More »
• 17 January 2022 10:18 am

  Japan PM: Coronavirus Response is Government’s Highest Priority

  

  Japanese Prime Minister Fumio Kishida said on Monday that the coronavirus response is the government’s highest priority, as reported by Reuters. “Serious shortage of hospital beds needs to be avoided at all cost,” Kishida added and noted that they will bring forward COVID-19 vaccination booster shots for the elderly and …

  Read More »
• 17 January 2022 1:29 am

  Weekly Recap 10-14 January

  

  Sometimes, rumours take part in shaping the market’s overall mood even partially, though such rumours have no relation to reality. Something of this kind seems to have happened last week. The EUR/USD pair has been in a sideways trend since November, fluctuating in the range of 1.1220 – 1.1385.   …

  Read More »
• 15 January 2022 3:06 am

  Market Drivers – US Session – 14 January

  

  US stocks ended mixed on Friday at the end of a volatile week, with investors and traders busy digesting a mixed set of bank earnings and a bigger-than-expected drop in U.S. retail sales. The S&P 500 and Nasdaq closed at the highs of the trading day. The Nasdaq fluctuated between …

  Read More »