Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 15 January 2022 1:27 am

  US Retail Spending, Manufacturing Collectively Drop As Omicron, Inflation Surge

  

  Retail sales dropped 1.9% in December, a big slowdown at the holiday season’s end; manufacturing output fell for first time since SeptemberIn a confirmation hearing for his second term as Federal Reserve chairman, Jerome Powell said the central bank would use its tools to tamp down inflation. US retail spending …

  Read More »
• 15 January 2022 12:47 am

  US Shares Exhibits Choppy Performance As Tech Outperforms Value

  

  Friday’s session exhibited mixed performance. It has been a choppy day for US equity markets, with tech and growth stocks doing better while value did worse.Nasdaq 100 outperformed, gaining 0.5%, whilst the Dow underperformed, shedding 0.7%. It was a choppy and mixed session in US equity markets, marked more by …

  Read More »
• 14 January 2022 11:58 pm

  Gold Reacts To Higher US Bond Yields

  

  Gold retreats for the second straight day as worse than expected US economic data dominated news headlines; US retail sales dropped the most in 10-months and the US 10-year T-bond yield hits 1.771%, weighing on the non-yielding metal.The precious metal slips for the second-consecutive day amid dismal US economic data …

  Read More »
• 14 January 2022 11:07 pm

  Baker Hughes Reports Most Oil, Gas rigs Since April

  

  US energy drillers this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the well-pads.The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan. …

  Read More »
• 14 January 2022 10:39 pm

  US Consumer Sentiment Drops in January 2022

  

  Consumer Sentiment has recorded the second-lowest reading in a decade. The University of Michigan Consumer Sentiment Index has recorded a dip of 2.5% in early January 2022 from its level in December 2021, according to preliminary results released Friday.The MCSI now stands at its second-lowest level in a decade, the …

  Read More »
• 14 January 2022 10:08 pm

  WTI Driven By Geopolitical Tension To Test Fresh Highs

  

  WTI crude oil is trading now at $81.73 per barrel after latest high recorded Friday at $83.14 per barrel. The benchmark American oil is probing its best levels since early November in the $73.00 as geopolitical tensions rise. Analysts as well as banks have been calling this week for WTI …

  Read More »
• 14 January 2022 9:11 pm

  Fed’s Speakers Focus on Omicron, Hot Inflation, Supply Chain Bottlenecks

  

  Federal Reserve Bank of San Francisco President Mary Daly said on Friday that the latest Omicron wave will extend the time period that inflation will remain high. Federal Reserve Bank of New York President John Williams said on Friday that he expects the Omicron wave to temporarily prolong and intensify …

  Read More »
• 14 January 2022 8:48 pm

  Wells Fargo: US Industrial Production Still a Supply Problem

  

  Industrial Production in the US dropped unexpectedly 0.1% in December. Analysts at Wells Fargo explain the decline took place despite indications that wait times are shortening and other signs of initial improvement with the supply chain problem.Key Quotes: “Total industrial production edged slightly lower in December with a 0.1% decline …

  Read More »
• 14 January 2022 5:51 pm

  US Retail Sales Slide by 1.9% in December

  

  US Retail Sales fell by 1.9% MoM in December, according to data published by the US Census Bureau revealed on Friday. That was well below market expectations for a MoM decline of -0.1% and marked a sharp deceleration from November’s growth rate of 0.2% (downwardly revised from 0.3%). That meant …

  Read More »
• 14 January 2022 5:22 pm

  China Posts Record Trade Surplus in Dec And 2021

  

  In December, Chinese exports rose more than analysts’ expectations, while imports rose less than expected. On Friday, the Chinese Customs Administration revealed, in a statement carried by CNBC, that exports rose by 20.9 percent year on year last month to $340.49 billion, against expectations of a 20 percent increase, compared …

  Read More »
• 14 January 2022 4:30 pm

  The Dollar is Falling For The Fourth Consecutive Session

  

  The US dollar fell on Friday for the fourth session in a row, hitting its lowest level in more than two months, as investors took the view that most of the recent tightening tendency from the US central bank was already factored in. On Friday, the dollar index fell 0.2 …

  Read More »
• 14 January 2022 3:11 pm

  Germany’s Economy Will Grow by 2.7% in 2021

  

  Preliminary data on Friday, January 14 showed that the German economy grew by 2.7% in 2021 after another year of rising Covid-19 cases, pandemic-related restrictions, and supply chain stresses, in line with expectations. This comes after the eurozone’s largest economy contracted by 4.6% in 2020, the first year of full …

  Read More »
• 14 January 2022 1:41 pm

  European Shares Fall on Rising Inflation Fears

  

  European shares fell on Friday after comments pointing to tightening monetary policy from US central bank officials, which reinforced concerns about the repercussions, while German SAP reported strong quarterly profits in the cloud database sector. The pan-European STOXX 600 index fell 0.7 percent, following the path of declining global markets, …

  Read More »