Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 7 January 2022 5:33 pm

  US Non-farm Payrolls rise by 199K in December

  

  Nonfarm Payrolls (NFP) rose by 199K in December versus the median forecast for a 400K rise (some newswires had reported the median forecast at 447K), data published by the US Bureau of Labor Statistics showed on Friday. That meant the pace of job gains was roughly in line with November, …

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• 7 January 2022 3:55 pm

  Oil Jumps on Supply Concerns With Kazakhstan Unrest

  

  Oil prices rose on Friday and headed for the highest weekly increase since mid-December, due to unrest in Kazakhstan and production outages in Libya, which raised concerns about supplies. Brent crude futures rose 76 cents, or 0.9 percent, to $82.75 a barrel by 0939 GMT. US West Texas Intermediate crude …

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• 7 January 2022 3:39 pm

  What to Expect From US Employment Data?

  

  Markets are awaiting the release of US employment data during December at 13:30 GMT. This data will be necessary given its strong impact on the dollar and the currency market movements. Markets expect to add 400,000 jobs in December, compared to 210,000 jobs previously recorded. Expectations also indicate a decline …

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• 7 January 2022 2:34 pm

  Eurozone Preliminary CPI rises by 5.0% Y-o-Y in December

  

  The annualized Eurozone Consumer Price Index (CPI) rises by 5.0% in December, surprising markets to the upside while a tad higher from the previous jump of 4.9%, the latest data published by Eurostat showed on Tuesday. The consensus forecast was for a drop to 4.7%. The core figures arrived at …

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• 7 January 2022 2:14 pm

  European Shares Decline Before Important Data

  

  European shares fell on Friday, as cautious investors awaited US jobs data and eurozone inflation for indications of the pace of major central banks tightening monetary policy. By 0819 GMT, the pan-European Stoxx 600 index was down 0.2 percent. The chemical and travel sectors faced pressure and fell for the …

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• 7 January 2022 1:41 pm

  Bitcoin Drops to Lowest Level Since September

  

  On Friday, Bitcoin fell more than five percent to its lowest level since the end of September, falling below $41,000 in a broader sell-off in cryptocurrencies. Bitcoin fell 3.7 percent in its last trading after touching $40,938, its lowest since September 29. The world’s largest cryptocurrency has lost more than …

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• 7 January 2022 12:59 pm

  The Nikkei Index Recovers Its Losses

  

  Japan’s Nikkei stock index recovered most of its morning losses to close almost flat on Friday as investors avoided big bets ahead of a major US jobs report and a three-day holiday in Japan. The Nikkei index ended trading down 0.03 percent to 28,478.56 points. The broader Topix index fell …

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• 7 January 2022 12:30 pm

  German Industrial Production Unexpectedly Drops in November

  

  Industrial Production in Germany unexpectedly fell in November, the official data showed on Friday, suggesting that the recovery in the manufacturing sector is faltering. Eurozone’s economic powerhouse’s industrial output fell by 0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 1.0% …

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• 7 January 2022 4:15 am

  Market Drivers – US Session – 6 January

  

  The North American trading session closed Thursday with prevalent passive performance, while the US dollar has managed to retain its gains against most of the major currencies since the release of FOMC minutes.Economic DataThe weekly jobless claims reading rose to 207 thousand claims for the week ending 31 December, compared …

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• 7 January 2022 3:58 am

  Most Populous State In Australia To Reimpose COVID-19 Restrictions

  

  Australia’s New South Wales state, where Sydney is located and home of one third of Australia’s 25 million population, will re-impose restrictions including shutting nightclubs and canceling non-urgent surgeries because of record coronavirus contagions according to the Sydney Morning Herald in a report published early Friday.The news adds that the …

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• 7 January 2022 2:51 am

  ISM Data Reflects Status Of US Economic Recovery

  

  US businesses and firms have eventually managed to cope with shortages and Omicron. The ISM services index falls to three-month low of 62% from record 69.1%. Most US companies that service customers are still doing brisk business, but omicron threatens to dampen sales. The ISM figures have revealed that CVS, …

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• 7 January 2022 1:48 am

  US Equity Traders Eying NFP Data

  

  As traders continue to digest Wednesday’s hawkish Fed minutes, which caused US shares to retreat, and discuss its implications of the minutes to Fed’s policy tightening, US equity trading has displayed more passive performance. The S&P 500 Index has been hovering around the 4700 level on Thursday between 4670 lows …

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• 7 January 2022 12:58 am

  Could NFP Data Ignite More Hawkish US Policy?

  

  The financial markets’ traditionally favorite US economic statistic has been dethroned, and new classes of data became of higher importance. For the next several quarters, the main role of Nonfarm Payrolls will be to support, reinforce and confirm the Federal Reserve’s new policy which is highly sensitive to inflation. Short …

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