Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 13 January 2022 5:40 pm

  US: Weekly Initial Jobless Claims Rise to 230K

  

  There were 230,000 initial claims for unemployment benefits in the US during the week ending January 8, data published by the US Department of Labor (DoL) revealed on Thursday. This reading followed last week’s print of 207,000 and came in above consensus market expectations for 200,000. to be updated …

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• 13 January 2022 4:25 pm

  Gold Falls as US Bond Yields Rise

  

  Gold prices fell somewhat on Thursday, with the US Treasury bond yields rising, which compensated some of its previous losses, but the precious metal remained close to its one-week highs recorded in the previous session, as the dollar continued its decline. The price of gold futures in the United States …

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• 13 January 2022 2:52 pm

  EIA: US Oil Production May Reach a New Record by 2023

  

  The US Energy Information Administration expects US oil production to exceed pre-pandemic levels over the next year, supported by a jump in shale oil production, with high prices spurring producers to increase production. In its January Short-Term Energy Outlook, the administration said average US crude production could record 12.4 million …

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• 13 January 2022 1:35 pm

  Oil Retreats And Gives up Some of Its Gains

  

  Oil prices fell on Thursday, January 13, giving up some of their gains in the previous two sessions, amid uncertainty about demand in the near term as Omicron infections surged around the world. US benchmark West Texas Intermediate crude contracts fell 20 cents, or 0.2%, to $82.44 a barrel at …

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• 13 January 2022 1:05 pm

  The Turkish Lira is Down 2.5%

  

  The Turkish lira fell about 2.5 percent on Thursday, after rising the previous day, as fears of rising inflation due to unconventional policies aimed at boosting exports and growth persisted. The lira settled at 13.62 against the dollar at 0610 GMT, down from 13.2890 at the close the previous day. …

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• 13 January 2022 12:42 pm

  Japanese Stocks Close Lower Due to Increased Cases of Coronavirus

  

  Japan’s Nikkei fell on Thursday after a jump in COVID-19 cases prompted sell-offs in retail and other service providers, and technology shares fell. The Japanese Nikkei index closed down 0.96 percent to record 28,489.13 points, while the broader Topix index fell 0.68 percent. Japan recorded a rise in new cases …

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• 13 January 2022 5:19 am

  Market Drivers – US Session – 12 January

  

  US stocks rallied, although indexes gave up gains unevenly ahead of the close, while government bond yields ticked lower, sending the American dollar in a selling spiral, exacerbated by the breakout of technical levels.The EUR/USD pair trades at its highest in two months at around 1.1450, while GBP/USD jumped to …

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• 13 January 2022 4:32 am

  Tokyo Hitting Second Highest COVID-19 Alert Level

  

  Japan’s worsening coronavirus conditions push policymakers towards harsh activity controls. The Asian major reported the highest daily COVID-19 cases in four months on Wednesday which in turn hints at the return of the second-higher coronavirus alert level in Tokyo.The nationwide tally stood at 13,244, with Tokyo accounting for 2,198 of …

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• 13 January 2022 3:46 am

  Fed Speakers See Rate Increases As Early As March

  

  The President and CEO of the Federal Reserve Bank of San Francisco Mary Daly has stated that the Federal Reserve Bank does not want to get too far ahead on calling a number of rate increases.She explained that they definitely see rate increases as early as March because inflation is …

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• 13 January 2022 3:34 am

  Fed’s Bullard: Four Rate Hikes In 2022 Now Very Likely

  

  According to Federal Reserve Bank of St. Louis President James Bullard, four rate hikes in 2022 now appear very likely in the face of high inflation, a rate hike in March seems on the table. The labour market is as tight as anyone has ever seen it, Bullard added in …

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• 13 January 2022 3:30 am

  The Dollar Index Stabilized Near Its Lowest Level in Two Months

  

  The US dollar index settled near its lowest level in two months during Thursday’s trading, after inflation data revealed that it had recorded its highest level in nearly forty years. The US consumer price index rose 7% year-on-year in December, the fastest pace since 1982. However, US President Joe Biden …

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• 13 January 2022 3:16 am

  Oil Price Surges 2% On US Crude Drawdown, Weaker USD

  

  Crude oil prices hit two-month highs on Wednesday on the back of tight supply as crude inventories in the United States fell to their lowest since 2018, and as the US dollar weakened and concerns eased about the Omicron coronavirus variant.US crude inventories retreated by 4.6 million barrels last week …

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• 13 January 2022 2:52 am

  New Zealand New Building Permits Rebound

  

  The number of building consents issued for new dwellings in New Zealand rose 0.6 percent month-over-month to 4,206 in November of 2021, following a downwardly revised 2.1 percent fall in the previous month. In the year ended in November 2021, the actual number of new dwellings consented was 48,522 up …

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