Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 4 January 2022 11:24 pm

  OPEC+ Latest Decision Reflects Easing Surplus Concerns

  

  The latest decision by OPEC+ Tuesday to stick to its planned increase in oil output for February largely reflects easing concern of a big surplus in the first quarter of 2022, as well as a wish to provide consistent guidance to the market.The producer group, which comprises of the Organization …

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• 4 January 2022 10:20 pm

  Wall Street Surges, But Tempered By Dipping Tech Stocks

  

  Stocks edged higher in morning trading on Wall Street Tuesday as traders gear up for economic reports and company earnings to resume after the year-end holidays.The S&P 500 rose 0.3% as of 10:20 a.m. Eastern. The Dow Jones Industrial Average rose 299 points, or 0.8%, to 36,883 and the tech-heavy …

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• 4 January 2022 9:38 pm

  Reading US ISM Data: Price Pressures Still Extraordinarily High

  

  The biggest sequential drop in more than a decade for the prices paid component and shorter wait times for desperately needed supplies were the two primary drivers of the 2.4-point decline in the ISM manufacturing index to 58.7 in December “The drop in December’s ISM manufacturing index to 58.7 from …

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• 4 January 2022 7:59 pm

  Gold Recovers Above $1810

  

  The XAU/USD Index has managed to hold above $1800, more gains could lead to a test of $1830. Gold prices are rising on Tuesday after strengthening during the American session even as US yields remain high. Gold recently climbed to 1814$, reaching a fresh daily high, trimming Monday’s losses and …

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• 4 January 2022 7:47 pm

  ISM Data Shows US Manufacturing Activity Slowed in December

  

  US manufacturing slowed in December amid some cooling in demand for goods, but supply constraints are starting to ease and a measure of prices paid for inputs by factories fell by the most since early 2020 when the pandemic disrupted economic activity.The Institute for Supply Management (ISM) said on Tuesday …

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• 4 January 2022 7:27 pm

  US JOLTS Data Below Estimates In November

  

  According to new data from the Department of Labour, a record 4.5 million workers quit or changed jobs in November. Employees took advantage of better pay and benefits as labor shortages continue to remain major part of U.S. economy, while labour shortages have helped create one of the more worker …

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• 4 January 2022 6:47 pm

  OPEC+ Ends The Longest Open Meeting And Proceeds With Its Plan

  

  The Organization of the Petroleum Exporting Countries and its allies agreed to revive more of the suspended production as the prospects for global oil markets improve, amid expectations that demand will be able to withstand the repercussions of the new Coronavirus mutant. Delegates said the 23-nation coalition led by Saudi …

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• 4 January 2022 6:45 pm

  Market Drivers – European Session 4-1-2022

  

  The UK manufacturing sector activity expanded more than expected in December, the final report from IHS Markit confirmed on Tuesday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher from 57.6 to 57.9 in December, beating expectations of 57.6. According to IHS Markit, Canadian Manufacturing …

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• 4 January 2022 5:55 pm

  US Stock Index Futures Rise

  

  US stock index futures rose in trading on Tuesday morning, in light of the market’s anticipation during the next few days, the start of the season of announcing the quarterly business results for companies for the last quarter of last year. It began with the rise in the futures prices …

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• 4 January 2022 4:20 pm

  Tourism And Banking Stocks Lift The European Index to a New Peak

  

  European shares extended their rally on Tuesday, led by travel, banking, and commodity-related shares amid fresh indications that the mutated Omicron strain of coronavirus may be less severe than previously thought. The pan-European Stoxx 600 index rose 0.6 percent to 493.1 points, setting a new record, after the US Standard …

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• 4 January 2022 3:26 pm

  OPEC Lowers Its Forecast For Surplus Global Oil Supplies in Q1

  

  OPEC lowered its forecast for the excess supply of oil in global crude markets during the current quarter, a day before the group’s meeting scheduled for tomorrow, Tuesday. And according to internal research conducted by the group and its allies on Monday and reported by the “Bloomberg” agency, the oil …

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• 4 January 2022 2:09 pm

  Oil Prices Rise Ahead of The OPEC Meeting

  

  Oil prices rose in trading on Tuesday, with investors expecting oil producers to boost supplies at Tuesday’s meeting, indicating that demand for fuel remains strong despite the spread of the Omicron mutant. Brent crude futures rose 43 cents to $79.05 a barrel, while US West Texas Intermediate crude recovered its …

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• 4 January 2022 1:25 pm

  Gold is Rising After The Biggest Loss in 6 Weeks

  

  Gold prices rose on Tuesday after rising US bond yields, supported by bets that the Federal Reserve would raise interest rates faster than expected, pushed the precious metal to its biggest drop in six weeks in the previous session. And gold rose 0.2 percent in spot contracts to $ 1804.40 …

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