Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 21 January 2022 6:00 pm

  Canada: Retail Sales Rise by 0.7% MoM in November

  

  According to a report released by Statistics Canada on Friday, Canadian Retail Sales rose 0.7% MoM in November, less than the expected 1.2% rise and a sharp acceleration from October’s 1.5% MoM rise (which was revised lower from 1.6%). Statistics Canada’s flash estimate for December showed that Retail Sales most …

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• 21 January 2022 4:56 pm

  A Sharp Decline in European Shares Due to a Global Sell-off

  

  European shares fell sharply on Friday following a global sell-off in stock markets on concerns linked to the pace of central bank tightening and weak economic data. The pan-European Stoxx 600 index fell 1.4 percent in a broad sell-off and is headed for its worst daily performance in nearly two …

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• 21 January 2022 3:46 pm

  Dollar Maintains Strength as Aussie And Bitcoin Sell-Off

  

  The dollar is set for its best weekly performance in a month against other major currencies on Friday, as the global reserve currency maintained its strength amid a sell-off of riskier assets in the markets. Investor sentiment has been affected in recent days by weak economic data, spreading inflation and …

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• 21 January 2022 2:53 pm

  Disappointing Earnings Against Expectations For Netflix

  

  Netflix missed Wall Street expectations for new subscribers at the end of last year and delivered a weaker-than-expected forecast in early 2022, as competition intensified in the battle for viewers of its online streaming services. The world’s largest streaming service added 8.3 million subscribers from October to December, when it …

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• 21 January 2022 1:45 pm

  Japan Shares Fall Due to The Decline in The Technology Sector

  

  Japanese shares fell on Friday, dragged down by losses in the technology sector, after the Nasdaq index fell 1 percent in the evening, on fears related to inflation and higher interest rates, which undermined the appetite for risk. The Nikkei index closed down 0.9 percent to 27,522.26 points, after dropping …

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• 21 January 2022 1:14 pm

  UK: Retail Sales Plunge by 3.7% in December

  

  Retail Sales in the UK declined by 3.7% on a monthly basis in December following November’s increase of 1% (revised from +1.4%), the UK’s Office for National Statistics reported on Friday. This reading missed the market expectation for a decline of 0.6% by a wide margin. On a yearly basis, …

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• 21 January 2022 12:30 pm

  Oil Falls With Profit-Taking After US Stockpiles Increase

  

  Oil prices fell on Friday, January 21, after rising to a seven-year high this week, as an increase in US crude and fuel inventories prompted investors to cash in on the rally. Gasoline stocks rose in the United States, the world’s largest oil consumer, by 5.9 million barrels, to the …

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• 21 January 2022 4:03 am

  Market Drivers – US Session – 21-01-2022

  

  The US dollar traded with a soft tone on Thursday, ending the day mixed across the board. The EUR was among the weakest, while the AUD and the CAD were the strongest. Economic DataDisappointing US employment-related figures were behind the broad dollar’s weakness at the beginning of the American session, …

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• 21 January 2022 3:14 am

  US Shares In Like A Lion, Out Like A Lamb

  

  Dow Jones futures fell slightly overnight, while S&P 500 futures and Nasdaq futures lost some ground. For the second straight in a row, the major indexes tried to rebound but were pulled lower with sharp losses, extending the stock market correction.The Dow Jones Industrial Average fell 0.9% in Thursday’s stock …

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• 21 January 2022 1:25 am

  How Is US Dollar Hit by Employment Data?

  

  The US dollar traded with a soft tone on Thursday, ending the day mixed across the major currencies. The EUR was among the weakest, while the AUD and the CAD were the strongest.Disappointing US employment data was behind the broad dollar’s weakness at the beginning of the American session, as …

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• 21 January 2022 12:31 am

  US Shares Briefly Up As focus Turns To Netflix Earnings

  

  US equities are trading broadly higher on Thursday, as stocks in the region track gains seen in Europe and, before that, Asia markets are the PBoC on Thursday took further steps to ease monetary policy. The Chinese central bank cut its one-year loan prime rate to 3.7% from 3.8% and …

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• 20 January 2022 11:44 pm

  UK Pound Struggles Amid Potential PM Replacement

  

  The GBP/USD pair has maintained choppy performance on Thursday with the US dollar seeing a mixed reaction to weaker than expected initial jobless claims and housing data, though the pair has for the most part remained well supported to the north of the 1.3600 level. At current levels in the …

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• 20 January 2022 10:31 pm

  Gold Price Reacts To Yields’ paused correction

  

  On Thursday, gold price is trading almost unchanged on the day around 1,843, as it fades its uptick from fresh two-month highs of $1,848. The latest leg down in gold price could be associated with a tepid bounce seen in the US Treasury yields, which helps put a fresh bid …

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