Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 4 February 2022 11:57 am

  Ford’s Earnings Beat Expectations in The Q4

  

  Ford reported fourth-quarter earnings on Thursday, which largely missed Wall Street earnings expectations and lost slightly in revenue. Adjusted earnings per share were 26 cents versus 45 cents expected, and auto revenue was $35.3 billion versus $35.5 billion expected. While the automaker met its 2021 annual profit guidance, Ford Chief …

  Read More »
• 4 February 2022 11:54 am

  Amazon Announces a 9% Increase in Revenue in Q4 in The Fourth Quarter

  

  Amazon shares fell more than 4% in extended trading on Thursday after the company reported weaker-than-expected Amazon posted a significant profit outperformance for the fourth quarter, buoyed by gains from its investment in electric vehicle company Rivian. The company also revealed revenues from its fast-growing advertising business for the first …

  Read More »
• 4 February 2022 11:20 am

  Diesel And Heating Oil Stocks Fall in The United States

  

  The supplies of fuel oil in the United States, including diesel and heating oil, have fallen, and refineries are finding it difficult to refill their stocks, which could keep prices high for months. Demand for diesel, heating oil and other petroleum products has been increasing for months, more than pre-pandemic …

  Read More »
• 4 February 2022 4:40 am

  Market Drivers – US Session – 3 February

  

  Commodity-linked currencies were little changed against the greenback. AUD/USD is unchanged at around 0.7130, while USD/CAD hovers around 1.2670.The USD/JPY nears 115.00 at the end of the American session, as government bond yields edged higher. The yield on the 10-year Treasury note is currently at 1.82%.Gold trimmed intraday losses and …

  Read More »
• 4 February 2022 4:19 am

  How Does Bitcoin Perform In Muted Trading?

  

  The largest cryptocurrency by market capitalization retreated before recovering ground later in the day. Bitcoin’s price was roughly flat over the past 24 hours, while its spot volume reduced further.Bitcoin ‘s price late Thursday was roughly flat after dipping in earlier in the day, while spot trading volume remained muted. …

  Read More »
• 4 February 2022 4:07 am

  Boris Johnson’s Chances Of Survival Rated 50/50

  

  Cabinet Ministers believe there is a 50/50 chance that Boris Johnson will be forced out of office after four of his most senior aides quit 10 Downing Street and his Chancellor publicly rebuked him,” said the Times while conveying political hardships for UK’s Johnson during early Friday morning in Asia.Dan …

  Read More »
• 4 February 2022 3:25 am

  Treasury yields reap gains ahead of NFP data

  

  Treasury yields rose on Thursday as investors remained focused on the upcoming key NFP data. The yield on the benchmark 10-year Treasury note climbed 6 basis points to 1.831%. The yield on the 30-year Treasury bond added 5 basis points to reach 2.152%.Yields move inversely to prices and 1 basis …

  Read More »
• 4 February 2022 3:11 am

  How Will Canada’s Jobs Data Influence The Loonie?

  

  The latest batch of Canadian employment data will hit the markets on Friday. So far, it looks that the Omicron wave hit the labour market in January, with forecasts pointing to a drop of jobs. This is probably a temporary setback. The loonie has been driven mostly by risk sentiment …

  Read More »
• 4 February 2022 2:51 am

  US ISM Service, Scarcity Weighing On Production

  

  Data released on Thursday showed the ISM Service Index dropped to the lowest level in 11 months in January. Analysts at Wells Fargo point out it reflects how a lack of available workers and persistent supply shortages “are weighing on firms’ ability to keep up with activity in the service …

  Read More »
• 4 February 2022 2:41 am

  NZD/USD Bulls Eying Golden Ratio Around NFP

  

  At 0.6661, the bulls are in charge and the bird of 0.5% higher on Thursday’s business in the remaining hour of the US trading session. The price has climbed from a low of 0.6609 to score a high of 0.6681 so far as traders await the outcome of Friday’s US …

  Read More »
• 4 February 2022 1:22 am

  WTI Surges Above $90.00 For The First Time Since 2014

  

  Front-month WTI futures surged above the $90.00 level for the first time since 2014 in recent trade on Thursday, taking their on-the-day gains to more than $2.0, which would mark the best one-day performance in three weeks. No specific one fundamental catalyst can be singled out as behind the recent …

  Read More »
• 4 February 2022 1:04 am

  S&P 500 Drops Back As Meta’s Earnings Hammer Equity Sentiment

  

  The S&P 500 slumped back below the 4500 level on Thursday, dropping over 2.0% on the day. Equity market sentiment took a battering after dour earnings guidance from tech giant Meta Platforms (Facebook). Focus has shifted to Amazon earnings after the closing bell and Friday’s US jobs report. Major US …

  Read More »
• 4 February 2022 12:13 am

  Gold Index Bounces Back As Traders Anticipate Bearish USD On NFP Data

  

  Gold has found some bidders again after a quick but short trip to the downside on Thursday. At $1,805, the yellow metal is about flat again on the day as traders now get their sights on Friday’s Nonfarm Payrolls data. Gold was hit hard on the back of a spike …

  Read More »