Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 10 January 2022 9:34 pm

  US Inflation Level Expectations Remain at Record High

  

  US consumer inflation expectations for the year ahead remained at a record 6% in December of 2021, the same as in November. Home price expectations rose to 5.5% from 5% in November but remained below their May 2021 peak. Also, uncertainty and disagreement about future inflation decreased and expectations about …

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• 10 January 2022 8:23 pm

  S&P 500 Retreats Under 4600 As Fed’s Tightening-Fears Push Selling

  

  The S&P 500 Index has dipped under 4600 and is down by another more than 1.5% as the equity downturn continues. Concerns about Fed’s tightening policy and higher US bond yields continue to be the main driver of the selling. The equity bears have picked up where they left off …

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• 10 January 2022 7:48 pm

  US Wholesale Inventories Surge Above Expectations

  

  Wholesale inventories in the United States rose 1.4 percent from a month earlier to $771.09 billion in November of 2021, above a preliminary estimate of 1.2 percent. Increases were seen in inventories of durables (2.1 percent), namely machinery (1.2 percent), automotive (2.7 percent) and professional equipment (0.9 percent). Also, stocks …

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• 10 January 2022 7:28 pm

  Canadian Stocks Fall On Tech, Oil

  

  Canada’s main stock index, the S&P/TSX, fell to three-week lows below the 21,000 mark, amid a global risk-off sentiment fueled by growing concerns that the Federal Reserve will bring forward rate hike plans. Technology stocks dipped 2.3%, falling for the sixth session in a row as bond yields continue to …

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• 10 January 2022 5:39 pm

  Eurozone Sentix Investor Confidence Unexpectedly Jumps in January

  

  Eurozone’s investor sentiment unexpectedly improved in the first month of 2022, the latest data published by the Sentix research group showed on Monday. The gauge jumped to 14.9 in January from 13.5 in December vs. a drop to 12.0 expected. The index rebounded sharply from the lowest levels since April …

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• 10 January 2022 4:06 pm

  The Dollar Rises Slightly as The Chances of a US Interest Rate Hike Increase in March

  

  The dollar rose somewhat on Monday as expectations increased that US inflation would support the prospects of a US interest rate hike, while the European Central Bank’s dovish stance weighed on the Euro lower. The dollar witnessed selling at the end of last week due to weaker-than-expected data on new …

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• 10 January 2022 2:40 pm

  Goldman Now Expects Four Fed Hikes This Year

  

  Goldman Sachs expects the US Federal Reserve to raise interest rates 4 times this year, in March, June, September and December, according to Bloomberg. Rapid progress in the US labour market and hawkish signals in minutes from the Dec 14-15 Federal Open Market Committee suggest faster normalisation, Goldman’s Jan Hatzius said in …

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• 10 January 2022 1:56 pm

  European Shares Fall on Fears of a Rate Hike

  

  European shares fell in early trading on Monday, after last week’s first weekly decline in three weeks, amid rising Covid-19 infections and increasing uncertainty over the course of interest rates. The pan-European STOXX 600 index fell 0.4 percent at 0830 GMT, weighed down by falls in the real estate, technology …

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• 10 January 2022 12:59 pm

  Oil Rises Due to Supply Disruptions in Kazakhstan And Libya

  

  Oil prices rose Monday, January 10, as supply disruptions in Kazakhstan and Libya offset fears stemming from the rapid global rise in infections with the mutated Omicron strain of the coronavirus. Brent crude rose 16 cents, or 0.2%, to $81.91 a barrel, while US West Texas Intermediate crude rose 15 …

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• 10 January 2022 12:37 pm

  Gold Price Settled Near Its Lowest Level in Three Weeks

  

  Gold settled on Monday near its lowest level in three weeks, as traders awaited US inflation data for the month of December, which may boost expectations that the Federal Reserve will raise interest rates sooner than expected after weak data on the US employment rate. There was little change in …

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• 10 January 2022 4:23 am

  Weekly Recap 3 – 7 Jan.

  

  The last trading week ended with a decline in the US dollar as risk appetite improved with optimism around Omicron, in addition to data out of the USA. As a result, the dollar index, which measures the strength of the US currency against a basket of currencies, fell to 95.7. …

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• 8 January 2022 5:05 am

  Market Drivers – US Session – 7 January

  

  Nonfarm Payrolls relatively disappointed prior estimates, but the labor market indicators were stronger than expected. The employment data has had a modest impact on the forex market. In the light of the NFP data, the US Fed is very determined to move out of easing policy settings.Economic DataNonfarm Payrolls (NFP) …

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• 8 January 2022 4:24 am

  What 2022 Will Bring For Cryptocurrency Investors

  

  The first seven days of 2022 have not been kind to bitcoin, as the most famous cryptocurrency lost 11% of its value within days and finished this week at about $42,000; down almost 40% from its all-time high in 2021’s fall.Other digital coins including ethereum and ripple also fell this …

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