Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 1 February 2022 5:57 pm

  Market Drivers – European Session 1-2-2022

  

  There were no strong market drivers during the European session. Gold prices rose on Tuesday above the key $1800 level, with increased investment demand, further supported by a weak dollar and falling Treasury yields. By 1323 GMT, the price of gold in spot transactions rose 0.5% to $1,805.43 an ounce. …

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• 1 February 2022 4:23 pm

  US Stock Index Futures Contrast With The Dollar’s Decline

  

  The futures prices of US stock indices witnessed a noticeable divergence today, with stock market volatility driven by the technology sector. This came at the same time that the US dollar index was declining, as it now reached nearly 96.345 points, with a decrease of 0.30%. Futures contracts for US …

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• 1 February 2022 2:39 pm

  The USD Continues to Decline And The Australian Dollar Rises

  

  The US dollar extended its decline on Tuesday while risk-sensitive currencies such as the British pound and the Australian dollar rebounded after falling overnight. Global stocks started February higher after falling nearly 5 percent in January, and the currency market changed course as well. After the dollar index reached its …

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• 1 February 2022 2:16 pm

  Electric Car Maker Tesla Shares Up 10%

  

  Shares in electric car maker Tesla rose nearly 10% Monday, on the overall market recovery. CNBC reported that Tesla’s stock had previously fallen nearly 20% in January, amid selling. Stocks came under pressure, especially after CEO Elon Musk said that Tesla will not offer any new model cars to customers …

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• 1 February 2022 1:19 pm

  European Shares Rise After Falling in January

  

  European shares rose on Tuesday, tracking US stocks after upbeat comments from the US Treasury’s chief economist calmed some concerns about the future of the stock market, and UBS shares jumped after posting strong quarterly earnings. The pan-European STOXX 600 index rose 1.2 percent after recording its worst monthly performance …

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• 1 February 2022 12:47 pm

  Oil Rises Supported by Low Supply And Recovery After The Pandemic

  

  Oil prices rose on Tuesday, hovering near the highest levels in seven years recorded last week, supported by expectations of continued tight supply due to a limited increase by major producers and a strong recovery in fuel demand after the pandemic. Brent crude contracts for April delivery rose 24 cents, …

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• 1 February 2022 3:02 am

  Market Drivers – US Session – 31 January 2022

  

  Gold was up 0.6% to $1,797.5, silver was up 0.5% to $22.41 an ounce, and copper was up 0.4% to $4.33 per pound. Among energy ETFs, the United States Oil Fund was up 0.6% to $62.35, and the United States Natural Gas Fund was up 5.4% to $17.16.US equities advanced …

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• 1 February 2022 2:42 am

  Inflation, Deficits Cannot Dim Appeal of US Treasury Bonds

  

  US Treasury rates remain strikingly low, partly because of the safety government debt offers corporations and retirees. Markets have been in disturbance. The Federal Reserve is taking steps to cool off the economy, as questions loom about the course of the recovery. And news headlines are announcing that government bond …

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• 1 February 2022 1:53 am

  US Shares Advance as Technology, Consumer Discretionary Stocks Rebound

  

  US equities advanced after midday on Monday as technology and consumer discretionary sectors, which were among the worst performers last week, rebounded.The Nasdaq Composite jumped 2.4% to 14,101.01, with the S&P 500 up by 1.2% to 4,485.12. The Dow Jones Industrial Average climbed 0.6% to 34,938.32 after briefly trading in …

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• 1 February 2022 1:34 am

  Fed’s Barkin: Rate Hikes Pace Depends On Inflation

  

  Federal Reserve Bank of Richmond President Thomas Barkin said, Monday, that he would like the Fed to get better positioned. “How fast we go depends on how the economy develops, he added, saying also that the pace of rate hikes will depend on the pace of inflation. I’d like us …

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• 1 February 2022 12:10 am

  Gold Touches Fresh High As USD Flattened

  

  At $1,799, the Gold Index (XAU/USD) is firm in the New York session, trading 0.37% higher on Monday. Equity markets started the week supported by greater clarity on the Federal Reserve’s policy normalization path and buoyed by central banks’ focus on securing a sustainable business cycle.Emergency monetary policy accommodation will …

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January, 2022

• 31 January 2022 11:26 pm

  Fed’s Bostic Expects Three Rate Hikes In 2022

  

  Federal Reserve Bank of Atlanta President Raphael Bostic on Monday said that he expects three rate hikes in 2022, in a reiteration of remarks made over the weekend. He clarified that a 50bps move in March was not the Fed’s preferred policy action and that the Fed is not fixed …

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• 31 January 2022 10:40 pm

  EUR/USD Traders Exploit Critical Resistance In US Session

  The EUR/USD pair is on the verge of an important upside break on the hourly charts. Bulls have their eyes set on a significant correction of last week’s bearish close and eye the 61.8% retracement level of the daily bearish impulse. The M-formation is compelling. This is a decline pattern …

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