Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 2 February 2022 2:00 pm

  European Shares Rise, Boosted by Strong Earnings

  

  European shares rose for the third session in a row on Wednesday, recovering about half of their losses in January, as the positive impact of strong corporate results outweighed the impact of concerns about rising interest rates ahead of the European Central Bank’s decisions expected on Thursday. The pan-European Stoxx …

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• 2 February 2022 1:04 pm

  Japanese Stocks Rise After US Stocks Rise Overnight

  

  Japanese stocks closed higher on Wednesday after an overnight rally in US stocks improved risk appetite, prompting investors to buy stocks that saw last month’s sell-off and stocks of companies with strong expectations. The Nikkei index rose 1.68% to close at 27533.60 points, while the broader Topix index rose 2.14 …

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• 2 February 2022 4:37 am

  Nasdaq Surges On Third Day Of Gains, Earnings

  

  Nasdaq futures rose in overnight trading on Tuesday, after the technology-focused average gained for the third day in the regular session. Dow futures fell 40 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.75%.Google-parent Alphabet rose more than 7% in extended trading after the company beat on …

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• 2 February 2022 3:31 am

  Cryptos Stabilize As Analysts Expect Bitcoin Short Squeeze

  

  Cryptocurrencies are starting to stabilize after falling in January, and some analysts expect prices to recover this month, especially as several alternative cryptocurrencies (altcoins) outperformed bitcoin over the past week.Trading at $38667.70, Bitcoin’s daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming …

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• 2 February 2022 3:20 am

  Market Drivers – US Session – 1 February

  

  The US dollar remained on the backfoot on Tuesday, although losses were limited across the Forex board. The EUR/USD pair is ending the day pretty much unchanged in the 1.1240/50 area after dismal EU data put a cap to the shared currency.The GBP/USD shrugged off UK’s political row and retained …

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• 2 February 2022 2:07 am

  NZ Unemployment Rate Falls As NZD Impacted By Other Disappointment

  

  The key quarterly labour market data roundup for New Zealand has been released as unemployment rate fell to 3.2 per cent in the fourth quarter, according to data released by Statistics New Zealand on Wednesday. While this beat expectation, it’s not moved the needle on the NZD because the rest …

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• 2 February 2022 1:49 am

  US Labour Shortage Persists As Job Openings Ticked Up In December

  

  US job openings gained to 10.9 million in December, according to JOLTS data published Tuesday above forecast of 10.3 million openings. Some 4.3 million Americans quit, down from November’s record high but still exceeding the pre-crisis average.Openings rose the most in the accommodation and food services sector, with businesses listing …

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• 2 February 2022 12:44 am

  Bullard: Will Fed have to become more restrictive?

  

  St Louis Fed President James Bullard on Tuesday said that he thinks it an open question whether the Fed will have to become more restrictive (i.e. raise rates above the “neutral” 2.0%-2.5% zone). Additional Quotes:“We will be able to assess our position in a few months’ time.”“I think it’s premature …

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• 1 February 2022 11:43 pm

  Wall Street Digest Earnings, Major Economic Data This Week

  

  The latest trend in day-to-day stock market index trading looks to be the Nasdaq filling deep holes dug in the previous month while the Dow and S&P 500 basically tread water. Certainly, this is what’s happening this morning: The Dow is -3 points and the S&P 500 -2, while the …

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• 1 February 2022 10:04 pm

  Gold Loses Momentum After Being Unable To Break $1810

  

  The US dollar stabilizes during the American session, as the DXY trims losses. The XAU/USD fails to breaks $1810, remains above $1800.Gold peaked on European hours at $1809 and then lost strength. It pulled back following the release of US economic data to $1797 and then rose back above $1800. …

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• 1 February 2022 8:32 pm

  WTI Close To Fresh Highs Despite Looming OPEC+ Decision

  

  Oil prices have continued to trade close to multi-year highs and within recently established ranges on Tuesday, with front-month WTI futures undulating between lows in the $86.00s and highs in the $88.00s. At current levels just above $88.00 per barrel, WTI is trading flat on the day and is less …

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• 1 February 2022 8:25 pm

  Fed’s Bostic: Higher Inflation Poses Real Risk

  

  Atlanta Fed President Raphael Bostic said on Tuesday that there is a “real danger” of inflation expectations drifting from the Fed’s 2.0% target to 4% or higher. If current levels of Fed support are left in place, he added, it could fuel more inflation and thus warrant action “soon” to …

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• 1 February 2022 7:52 pm

  More Insight On Tuesday’s ISM Data

  

  US manufacturing sector slowed in January; but employment surged. A measure of US manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 infections, supporting views that economic growth lost steam at the start of the year.The Institute for Supply Management (ISM) said on Tuesday that …

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