Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 31 January 2022 3:07 pm

  Eurozone Preliminary GDP Expands by 0.3% Q4

  

  The Eurozone economy expanded by 0.3% on quarter in the three months to December of 2021, meeting 0.3% expected and 2.3% prior, the preliminary estimate showed on Monday. Annually, the bloc’s GDP rate rose by 4.6% in Q4 vs. 3.9% booked in the third quarter of 2021 while missing 4.7% …

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• 31 January 2022 1:47 pm

  The Dollar is Falling in The Week of Central Bank Meetings

  

  The US dollar slipped on Monday, moving away from 1-1/2-year highs hit on Friday after hawkish comments from a US Federal Reserve official pushed the US bond yield curve to a three-month low. After the Federal Reserve in its meeting last week clearly indicated a rate hike in March, some …

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• 31 January 2022 1:19 pm

  Japan Shares Continue to Gain

  

  Japanese shares extended their tech rally in overnight trading after the prime minister said he is not currently considering imposing a new state of emergency in the country. The rise in chipmaker Sony and SoftBank Group helped lift the Nikkei index, after US stocks rose at the end of last …

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• 31 January 2022 12:29 pm

  Oil Approaching Its Highest Levels in Seven Years

  

  Oil prices rose on Monday to close to more than seven-year highs hit in the previous session, as political turmoil in Eastern Europe and the Middle East raised concerns about supply shortages. Brent crude, the benchmark, rose 92 cents, or 1.0 percent, to $90.95 a barrel, after gaining 69 cents …

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• 30 January 2022 8:43 pm

  Weekly Recap 24-28 January

  

  US Data released on Friday showed the Employment Cost Index (ECI) rose 1% during the fourth quarter, and 4% during the year. Analysts at Wells Fargo point out the quarterly increase was more restrained than Q3’s 1.3% gain, and they consider that may tamp down fears of a wage-price spiral …

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• 29 January 2022 3:16 am

  Market Drivers – US Session – 28 January 2022

  

  US Treasury yields ended Friday’s trading in a bearish trend, affected by the relative stability in US inflation rates, which was reflected by fresh data. Bond yields for ten years fell to 1.782%, compared to the last daily close, which recorded 1.804%.Economic DataThe oil and gas rig count, an early …

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• 29 January 2022 2:44 am

  US drillers add oil & gas rigs for record 18th month

  

  The oil and gas rig count, an early indicator of future output, rose six to 610 in the week to Jan. 28, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday.US energy firms added oil and natural gas rigs for …

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• 29 January 2022 2:26 am

  WTI Slightly Eases After Printing Fresh Highs

  

  Front-month WTI futures touched fresh seven-year peaks on Friday, reaching $88.82 for the first time since October 2014, before pulling back somewhat to just below $88.00 again. Still, that leaves WTI trading more than 50 cents higher on the session and about $3.0 higher on the week. WTI is on …

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• 29 January 2022 1:40 am

  S&P 500 Surges Back, Ends Week In The Green Territory

  

  The US equities surged in late trade after a broadly positive session as Fed bets eased after softer wage data. The S&P 500 leapt to close above the 4400 level again to close 2.4% higher and end the week positive. Apple led the charge after positive Q4 earnings and record …

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• 29 January 2022 12:18 am

  Strong US Earnings Push Global Equities Higher

  

  Global equity markets reap gains on Friday at the end of a tumultuous week dominated by concerns over the Federal Reserve’s monetary policy and geopolitical tensions between Russia and the West.Strong earnings from Apple and other tech firms buoyed the US equities during Friday’s session but the major indexes remained …

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• 28 January 2022 11:30 pm

  France Reports Fastest growth, German economy shrinks

  

  France has posted its strongest growth in over 50 years, as the economy recovered from the economic shock of the pandemic. The French GDP expanded by 7% last year, data just released shows; the strongest annual expansion since 1969, as the economy showed resilience in the face of supply chain …

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• 28 January 2022 11:06 pm

  EUR/USD Clings to 1.1150s but downside risks remain

  

  The EUR/USD pair is under heavy downward pressure, as the pair eyes May 2020 swing lows. The EUR/USD’s bulls failure to defend 1.1100, it would open the door towards 1.0775.After holding above 1.1200 for too many days before USD bulls launched an attack to 2021 yearly low, however, the shared …

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• 28 January 2022 10:06 pm

  US Personal Income Rises Less Than Expected, Personal Spending Retreats

  

  A report released by the Commerce Department on Friday showed personal income in the US increased by less than expected in the month of December.The Commerce Department said personal income rose by 0.3 percent in December after climbing by an upwardly revised 0.5 percent in November.Economists had expected personal income …

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