Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 4 January 2022 11:47 am

  WTI Hovering Around $ 76 As Traders Await OPEC+ Meeting

  

  OPEC and allies will have their twenty fourth meeting Tuesday to proceed with their plan to increase production by 400,000 barrels per month in January; the move was agreed to in December aiming at stabilizing the rising oil prices caused by low supply and global supply remains low. This may …

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• 3 January 2022 5:53 pm

  The Dollar Rises With The Beginning of 2021 Trading

  

  The dollar rose somewhat against the major currencies as market sentiment improved on Monday, with European shares and government bond yields soaring on the first trading day of 2022. But trading volumes are expected to remain limited with London, Europe’s main currency market, closed for a holiday. Despite the rise …

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• 3 January 2022 1:18 pm

  Reuters: OPEC is Closer to Fixing Its Production Plans in February

  

  Three sources from the OPEC + group said that the alliance is closer to committing to its plans to increase production in February, with a slight and short-term impact on demand from the Coronavirus, Omicron is likely. In a technical report seen by Reuters on Sunday, OPEC+ downplayed Omicron’s impact …

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• 3 January 2022 11:58 am

  Oil Starts The New Year Higher, But Covid Fears Limit Gains

  

  Oil prices rose on Monday as the market started 2022 positively ahead of a meeting of the OPEC+ group on Tuesday, although the increase in COVID-19 cases continued to dampen demand sentiment. Brent crude, the global benchmark, rose 59 cents, or 0.76 percent, to $78.37 a barrel by 0440 GMT. …

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• 3 January 2022 11:36 am

  The Turkish Lira is Declining by 5%

  

  The Turkish lira fell 5 percent on Monday, after it witnessed its worst performance in 2021 since President Recep Tayyip Erdogan came to power nearly 20 years ago, with persistent fears of high inflation and unconventional monetary policy. The lira fell to 13.92 pounds to the dollar, after it closed …

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• 3 January 2022 10:40 am

  Gold Prices Near Highest Level in Six Weeks

  

  Gold prices rose to a six-week high before giving up their gains and stabilizing on Monday after gold buying, boosted by higher infections of the mutated Omicron strain of the coronavirus, offset pressure from higher US Treasury yields. There was little change in the price of gold in spot transactions, …

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• 3 January 2022 12:38 am

  Weekly Recap 27-31 December

  

  US Vice President Kamala Harris defended the Build Back Better (BBB) stimulus plan during an interview on CBS’ “Face The Nation” TV show. Harris stressed inflation and coronavirus as major concerns and top priorities in 2022. “The United States must address the rising cost of consumer goods”, she added.Risk sentiment …

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December, 2021

• 31 December 2021 9:16 pm

  US Shares Higher On End Of Year Trading

  

  The S&P 500 is flat in subdued trade on the final session of 2021, having slipped back under 4800 on Thursday. The index is on course to post an annual return of more than 27%.All the major US indices were powered higher in 2021 by massive fiscal and monetary stimulus …

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• 31 December 2021 8:03 pm

  USD/CAD Slides To Fresh Lows

  

  The USD/CAD pair has dropped to fresh three-week lows during the New York session, trading at 1.2677. The last trading day of the year has a relaxed market mood; despite that Asian equities closed in the green territories with significant gains.European stock indices like the CAC40 and the FTSE 100, …

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• 31 December 2021 7:52 pm

  USD/TRY Retreats On Fears About Erdogan’s New Economic Programme

  

  The USD/TRY pair is set to end the week 20% higher, though the rally has stalled at resistance in the 13.50 area. Traders and investors remain skeptical as President Erdogan continues to push “new economic programme” despite surging inflation.The Turkish lira has lost more than 40% of its value versus …

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• 31 December 2021 7:33 pm

  US And Canada Post ISM, Job Market Data Next Week

  

  The first week of 2022 will have a busy schedule for economic data. In the US and Canada, employment numbers and ISM figures are due. The Federal Reserve will release the minutes from its latest meeting. Economists expect a net job creation of 30000 in Canada during December and NFP …

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• 31 December 2021 6:24 pm

  European Shares Settle on The Last Trading Day of The Year

  

  European shares were little changed on Friday, amid rising COVID-19 infections worldwide and concerns about the pace of the global economy’s recovery from the pandemic. By 0815 GMT, the pan-European Stoxx 600 index fell 0.02 percent, and travel stocks led the losses. The index, which rose 0.2 percent in the …

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• 31 December 2021 3:59 pm

  Falling Demand For Safe Havens Pushes Gold For The First Decline in 3 Years

  

  Gold headed for its first decline in three years on Friday as the global economy recovered, reducing the appeal of safe havens as central banks prepared to raise interest rates to control inflation. And by 1035 GMT, gold in spot transactions rose 0.2 percent to $ 1817.57 an ounce, and …

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