Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 3 January 2022 12:38 am

  Weekly Recap 27-31 December

  

  US Vice President Kamala Harris defended the Build Back Better (BBB) stimulus plan during an interview on CBS’ “Face The Nation” TV show. Harris stressed inflation and coronavirus as major concerns and top priorities in 2022. “The United States must address the rising cost of consumer goods”, she added.Risk sentiment …

  Read More »

December, 2021

• 31 December 2021 9:16 pm

  US Shares Higher On End Of Year Trading

  

  The S&P 500 is flat in subdued trade on the final session of 2021, having slipped back under 4800 on Thursday. The index is on course to post an annual return of more than 27%.All the major US indices were powered higher in 2021 by massive fiscal and monetary stimulus …

  Read More »
• 31 December 2021 8:03 pm

  USD/CAD Slides To Fresh Lows

  

  The USD/CAD pair has dropped to fresh three-week lows during the New York session, trading at 1.2677. The last trading day of the year has a relaxed market mood; despite that Asian equities closed in the green territories with significant gains.European stock indices like the CAC40 and the FTSE 100, …

  Read More »
• 31 December 2021 7:52 pm

  USD/TRY Retreats On Fears About Erdogan’s New Economic Programme

  

  The USD/TRY pair is set to end the week 20% higher, though the rally has stalled at resistance in the 13.50 area. Traders and investors remain skeptical as President Erdogan continues to push “new economic programme” despite surging inflation.The Turkish lira has lost more than 40% of its value versus …

  Read More »
• 31 December 2021 7:33 pm

  US And Canada Post ISM, Job Market Data Next Week

  

  The first week of 2022 will have a busy schedule for economic data. In the US and Canada, employment numbers and ISM figures are due. The Federal Reserve will release the minutes from its latest meeting. Economists expect a net job creation of 30000 in Canada during December and NFP …

  Read More »
• 31 December 2021 6:24 pm

  European Shares Settle on The Last Trading Day of The Year

  

  European shares were little changed on Friday, amid rising COVID-19 infections worldwide and concerns about the pace of the global economy’s recovery from the pandemic. By 0815 GMT, the pan-European Stoxx 600 index fell 0.02 percent, and travel stocks led the losses. The index, which rose 0.2 percent in the …

  Read More »
• 31 December 2021 3:59 pm

  Falling Demand For Safe Havens Pushes Gold For The First Decline in 3 Years

  

  Gold headed for its first decline in three years on Friday as the global economy recovered, reducing the appeal of safe havens as central banks prepared to raise interest rates to control inflation. And by 1035 GMT, gold in spot transactions rose 0.2 percent to $ 1817.57 an ounce, and …

  Read More »
• 31 December 2021 4:20 am

  Oil Steady, Heading For Biggest Annual Gain Since 2009

  

  Oil prices have stabilized at the time of writing the report, compared to the last settlement at $79.52 per barrel of Brent crude in futures contracts, and at $76.9 per barrel in US crude futures, after trading began on Friday with a decline of 1%. Oil prices are heading to …

  Read More »
• 31 December 2021 2:26 am

  Market Drivers – US Session – 30 December 2021

  

  Market participants, investors, traders and economists have been warning against reading too much any market moves this week given year-end volatility and illiquidity. Investors kicked off the penultimate trading day of a volatile year on Thursday with a duet of anodyne, slightly better-than-expected indicators.Economic DataThe number of US workers filing …

  Read More »
• 31 December 2021 1:22 am

  New Year’s Eve Means Trading With Mixed Performance

  

  Major currency pairs have managed to hold within familiar levels on Thursday, trading in a mixed manner amid thinned market conditions. Most financial markets will be closed on Friday, amid the New Year’s Eve holiday. Wall Street will operate normally, while the bonds markets will close earlier. Markets are likely …

  Read More »
• 30 December 2021 10:51 pm

  US Shares Print Fresh Record Highs

  

  The S&P 500 Index hit a fresh intra-day record high on Thursday at 4808, but for the most part has traded within the ranges established over the last three sessions, where the index has mostly traded between the 4775 and 4805 levels. The index trades now almost touched the 4800 …

  Read More »
• 30 December 2021 7:52 pm

  OPEC+ Likely To Stick To Existing Policy At 4 January Meeting

  

  According to sources speaking with Reuters, OPEC and allies would likely stick to existing oil production policy at the upcoming 4 January 2022 meeting.This would mean hiking output by 400,000 barrels per day starting next February. The sources cited an easing of concerns about the impact that the spread of …

  Read More »
• 30 December 2021 7:23 pm

  ECB can end bond purchases sooner if inflation surprises persist

  

  European Central Bank governing council member and Dutch central bank head Klaas Knot said on Thursday that the bank could end its bond-buying programmes sooner if inflation continues to surprise on the upside. Knot added that it is now appropriate for the bank to prepare for gradual monetary policy normalization …

  Read More »