Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 27 January 2022 8:19 pm

  US economy Grows At Fastest Pace Since 1980s

  

  The US gross domestic product growth has bounced back from 2020′s coronavirus recession, expanding at the fastest pace since 1984. The US economy grew last year at its fastest pace since 1984, rebounding from a sharp but brief coronavirus-induced recession in March 2020. The increase in GDP, a measure of …

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• 27 January 2022 8:02 pm

  WTI hits fresh multi-year highs before retreating on Profit Taking

  

  WTI hit fresh multi-year highs above $88.00 per barrel recently, breaking above last week’s highs. Profit-taking has since seen WTI drop back into the mid-$86.00s, but oil holds onto decent on the week gains.Positive risk appetite and ongoing geopolitical and OPEC+ supply concerns are an ongoing source of support that …

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• 27 January 2022 7:53 pm

  US Pending Home Sales fall by 3.8% in December

  

  Pending Home Sales in the US fell by 3.8% on a monthly basis in December following November’s 2.3% decline (revised lower from a 2.2% decline), data published by the US National Association of Realtors showed on Thursday. The new data was well below expectations for a decline of 0.2% MoM. …

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• 27 January 2022 6:06 pm

  US Economy Grows by 6.9% Annualised in Q4

  

  US Real GDP grew at an annualised pace of 6.9% in Q4 2021, well above the median economist forecast for a pace of growth of 5.5%, according to the first estimate released by the US Bureau of Economic Analysis on Thursday. That marked a sharp acceleration from Q3’s 2.3% QoQ …

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• 27 January 2022 4:38 pm

  Oil Hits Seven-Year High on Ukraine Tensions

  

  Oil traded at a seven-year high of around $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the US Federal Reserve would tighten monetary policy. Brent crude futures rose six cents, or 0.1 percent, to $90.02 a barrel by 1113 GMT, and West Texas Intermediate …

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• 27 January 2022 3:08 pm

  European Shares Fall After Fed

  

  European shares fell on Thursday after US Federal Reserve Chairman Jerome Powell signaled a rate hike in March and kept monetary policy tight to curb inflation. The pan-European Stoxx 600 index fell 0.6 percent, with most sectors and markets in the region declining. After the Federal Reserve’s meeting, Powell said …

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• 27 January 2022 2:35 pm

  The Dollar is Rising as Markets Await a Larger And Faster Rate Hike

  

  The dollar jumped to a multi-week high against major currencies on Thursday, supported by expectations of bigger and faster interest rate hikes in the coming months. During the trading session in London, the dollar index consolidated at its highest level since mid-December, while the euro stumbled around a two-month low …

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• 27 January 2022 1:57 pm

  Tesla Reports Stronger-Than-Expected Fourth-Quarter Results

  

  Tesla stock dropped after the company reported better-than-expected earnings for Q4. But the automaker’s fourth-quarter results might not be good enough for investors. Tesla today reported stronger-than-expected fourth-quarter results, but the company’s stock fell slightly in post-closing trading after the automaker warned that supply chain problems could persist throughout 2022. …

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• 27 January 2022 1:32 pm

  Samsung Records The Highest Annual Sales in Its History During 2021

  

  South Korean company Samsung’s operating profit rose 53.3% in the fourth quarter of 2021, as record sales helped overcome challenges the company faces due to supply chain issues. The world’s largest smartphone maker said operating profit rose to KRW 13.87 trillion, or $11.55 billion, for the October-December 2021 period, up …

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• 27 January 2022 12:45 pm

  Japan Shares Close at 14-Month Low After Fed

  

  Japan’s Nikkei index closed at a 14-month low on Thursday, dragged down by technology heavyweights after the Federal Reserve chief indicated his intention to steadily raise interest rates. The Nikkei fell 3.11 percent to close at 26,170 points, its lowest since November 24, 2020. The index, which fell for the …

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• 27 January 2022 3:46 am

  Market Drivers – US Session – 26 January 2022

  

  The dollar is ending Wednesday firmly higher across the FX board, following the US Federal Reserve monetary policy decision.As widely anticipated, rates and taper were left unchanged, although the statement indicates that “the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.” …

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• 27 January 2022 3:34 am

  New Zealand Inflation Data Hits 30 -Year High

  

  Consumer prices in New Zealand rose the most in three decades last quarter, reinforcing the outlook for higher interest rates after the Federal Reserve added momentum to the global withdrawal of pandemic-era stimulus.New Zealand’s consumer price index for the October-December quarter was 5.9% higher than a year earlier, an acceleration …

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• 27 January 2022 3:25 am

  KSA Expected To Hike Oil Price On Robust Demand

  

  Saudi Arabia is expected to raise the official selling prices of all its crude grades sold in Asia next month on the back of solid demand and refining margins.Saudi Arabia usually sets the official selling prices (OSPs) of its crude for the following month around the fifth of each month, …

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