Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 28 January 2022 5:03 pm

  Oil is on Track For a Sixth Week of Gains Amid Supply Concerns

  

  Oil prices rose on Friday, set for a sixth straight week of gains as geopolitical tensions continued to fuel supply concerns. Brent crude futures rose 63 cents, or 0.7 percent, to $89.97 a barrel by 1013 GMT, after reaching $91.04 on Thursday, the highest level since October 2014. West Texas …

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• 28 January 2022 4:11 pm

  European Shares Slip on Interest Rate Hike Expectations

  

  European shares fell on Friday amid risk aversion on interest rate hike expectations and geopolitical tension in Ukraine, but some strong business results capped losses. The pan-European Stoxx 600 index fell 0.8 percent, heading for its fourth consecutive weekly decline. Auto and chemical stocks were the top losers. But luxury …

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• 28 January 2022 2:41 pm

  The Dollar is Heading For The Largest Weekly Gain in 7 Months

  

  The dollar consolidated its gains on Friday and is heading for the largest weekly increase in seven months, as the greenback’s gains against other major currencies are supported by expectations of an interest rate hike. With financial markets factoring in an expected 30 basis point interest rate hike in March …

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• 28 January 2022 2:03 pm

  German Preliminary GDP Contracts by 0.7% in Q4 vs. -0.3% Expected

  

  The German economy shrunk by 0.7% inter-quarter in the fourth quarter of 2021 when compared to the expectations of -0.3% and 1.7% booked in Q3, the preliminary report published by Destatis showed on Friday. Meanwhile, the annualized GDP rate dropped to 1.4% in Q4 against the previous reading of 2.5% …

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• 28 January 2022 1:13 pm

  Apple’s Sales And Profits Exceed Expectations as The Chip Shortage Eases

  

  Apple reported record sales in the fourth quarter of 2021, the holiday season, with profits that beat expectations while overcoming an expensive global shortage of computer chips. Analysts said the iPhone maker, the world’s largest by market value, has handled supply chain challenges such as factory closures and shipping delays …

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• 28 January 2022 12:46 pm

  Nikkei Records The Worst Weekly Performance in Two Months

  

  Japan’s Nikkei index recovered on Friday after falling to a 14-week low, and although it was supported by strong gains in Apple Inc, it recorded its biggest weekly decline in two months. The Nikkei stuck to the gains it recorded in the morning and did not witness any fluctuations after …

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• 28 January 2022 6:29 am

  Market Drivers – US Session – 27 January 2022

  

  Although traders are still digesting Fed’s policy statement, Thursday’s US session closed on a positive note for both US stocks and the US dollar, seen rising at the same time.The interest rate policy statement and the remarks by Fed Chairman, Jerome Powell, were among the most important factors that continued …

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• 28 January 2022 6:01 am

  How Latest Geopolitical Tensions Impacted Financial Markets

  

  Tensions are escalating in Eastern Europe as several reports refer to potential invasion of Ukraine. The crisis brought about several important developments that, in effect, throw heavy shadows on the financial markets, and, in turn, impact price movements as well as igniting concerns on oil supply disruption.The new developments include …

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• 28 January 2022 12:07 am

  Gold Retreats As Traders Digest Fed’s Statements

  

  Gold was lower in midday markets on Wall Street, losing some 1.4% at $1,795. The price of gold fell from a high of $1,822.18 and had reached a low of $1,791.86. Equity markets initially bounced in the aftermath of the FOMC driven sell-off yesterday. However, they started to slide again …

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• 27 January 2022 11:46 pm

  When Could US Positive Data Translate To Lower Prices?

  

  After several bad months of economic reports showing high inflation, President Joe Biden received some welcome economic news at the White House Thursday.According to the Bureau of Economic Analysis, the economy grew at a faster-than-expected rate of 6.9% to close out 2021. This data represents the fourth quarter of 2021, …

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• 27 January 2022 11:16 pm

  USD/JPY Rallies For Second Day

  

  The USD dollar marches firmly in the North American session, with the DXY surging 1.34%, above 97.00. The US dollar gains come on the back of the US central bank’s looming hike of interest rates, most probably in the March meeting.The USD/JPY pair is upward biased, though a break above …

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• 27 January 2022 9:59 pm

  No Surprises Expected For ECB In February

  

  Analysts from Rabobank expect no surprises from the European Central Bank at its February meeting. They expect 2022 to bring a reversal of pandemic policies, but not a broader tightening of policy. Main Quotes: “The ECB has recovered some policy flexibility in December, but this comes at the cost of …

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• 27 January 2022 9:26 pm

  Stock Market Jumps On Q4 Earnings, GDP

  

  A series of Q4 earnings and economic reports combined to pusg the stock market higher Thursday morning, a day after wide swings greeted the Federal Reserve’s latest views.The Nasdaq composite and S&P 500 climbed 1.3% at 10 a.m. ET. The Dow Jones Industrial Average rose 1%. Small caps were up …

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