Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 11 January 2022 2:41 am

  Tuesday’s Powell Testimony Remarks Released

  

  Federal Reserve Jerome Powell will appear before the Senate for his official reappointment hearing on Tuesday. In prepared remarks he will state that the “economy is expanding at its fastest pace in many years, labor market is strong”. On Monday, Powell’s prepared remarks for reappointment confirmation hearing were released. Powell …

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• 11 January 2022 2:17 am

  Could Omicron Worsen Labour Shortage, Slows Economy, Boost Inflation?

  

  The majority of grocery stores have had trouble stocking up during the pandemic due to shortages of supplies and labour. Omicron is adding to the present trouble. Canceled flights, bare shelves at grocery stores, reduced bus schedules and schools closed due to staff shortages are only a few examples.The rapid …

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• 11 January 2022 1:29 am

  Could Semiconductor Stocks Become The New Oil In Financial Markets?

  

  A Wall Street firm sees a bumpy yet rewarding wave with semiconductor stocks in 2022 and named Nvidia stock its top pick. Several analysts are still optimistic about semiconductor stocks, despite their recent downturn. Some go further to call semiconductors the new oil of the rapidly digitizing global economy.Semiconductors do …

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• 10 January 2022 11:47 pm

  Disney Hong Kong Closure Could Push Risk Aversion Ahead

  

  An investor’s mind is a funny thing when it comes to risk-return judgment. Research on risk-aversion has found that most investors dislike losses more than they find joy from gains. The result from this is that the magnitude of market selloffs pushed by news are worse than the velocity of …

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• 10 January 2022 11:25 pm

  Bitcoin Briefly Lowest Since September As Investors Shed Risk

  

  The price of bitcoin fell at one point Monday to its lowest low since September 2021, as rising rates continue leading investors to shed positions in risky, growth-oriented assets.Bitcoin fell as much as 6% to touch a low of $39,771.91, according to Coin Metrics, but has since reclaimed some of …

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• 10 January 2022 10:02 pm

  US, UK Stocks Display Lower Start This Week

  

  UK stock markets shed 0.5% to close at 7,445 on Monday, in line with its European peers, as investors across the globe traded cautiously awaiting another US inflation data later this week that could provide further guidance on the Federal Reserve’s monetary policy path.US policymakers are now expected to raise …

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• 10 January 2022 9:51 pm

  Gold Falling Under Pressure Of Stronger US Dollar

  

  Pressured by the rise of the US dollar, gold reversed its uptrend on Monday to record a drop to 1793 dollars per ounce, compared to the last closing, which recorded 1795 dollars per ounce.The precious metal rose to its highest level throughout the first trading session of this week at …

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• 10 January 2022 9:34 pm

  US Inflation Level Expectations Remain at Record High

  

  US consumer inflation expectations for the year ahead remained at a record 6% in December of 2021, the same as in November. Home price expectations rose to 5.5% from 5% in November but remained below their May 2021 peak. Also, uncertainty and disagreement about future inflation decreased and expectations about …

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• 10 January 2022 8:23 pm

  S&P 500 Retreats Under 4600 As Fed’s Tightening-Fears Push Selling

  

  The S&P 500 Index has dipped under 4600 and is down by another more than 1.5% as the equity downturn continues. Concerns about Fed’s tightening policy and higher US bond yields continue to be the main driver of the selling. The equity bears have picked up where they left off …

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• 10 January 2022 7:48 pm

  US Wholesale Inventories Surge Above Expectations

  

  Wholesale inventories in the United States rose 1.4 percent from a month earlier to $771.09 billion in November of 2021, above a preliminary estimate of 1.2 percent. Increases were seen in inventories of durables (2.1 percent), namely machinery (1.2 percent), automotive (2.7 percent) and professional equipment (0.9 percent). Also, stocks …

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• 10 January 2022 7:28 pm

  Canadian Stocks Fall On Tech, Oil

  

  Canada’s main stock index, the S&P/TSX, fell to three-week lows below the 21,000 mark, amid a global risk-off sentiment fueled by growing concerns that the Federal Reserve will bring forward rate hike plans. Technology stocks dipped 2.3%, falling for the sixth session in a row as bond yields continue to …

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• 10 January 2022 5:39 pm

  Eurozone Sentix Investor Confidence Unexpectedly Jumps in January

  

  Eurozone’s investor sentiment unexpectedly improved in the first month of 2022, the latest data published by the Sentix research group showed on Monday. The gauge jumped to 14.9 in January from 13.5 in December vs. a drop to 12.0 expected. The index rebounded sharply from the lowest levels since April …

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• 10 January 2022 4:06 pm

  The Dollar Rises Slightly as The Chances of a US Interest Rate Hike Increase in March

  

  The dollar rose somewhat on Monday as expectations increased that US inflation would support the prospects of a US interest rate hike, while the European Central Bank’s dovish stance weighed on the Euro lower. The dollar witnessed selling at the end of last week due to weaker-than-expected data on new …

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