Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 11 February 2022 3:33 am

  AUD/USD Pressured On RBA’s Lowe’s Comments

  

  The Reserve Bank of Australia’s Phillip Lowe has said that it is ”plausible we could raise rates later this year depending on economy.” He added that he hasn’t said rates won’t go up. AUD could get a lift on such rhetoric, but there hasn’t been any knee-jerk reaction thus far.  “We have …

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• 11 February 2022 3:26 am

  Earnings Still Catch Investors’ Attention

  

  PepsiCo, the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimates, and the company’s forecast for 2022 organic revenue growth also topped forecasts. The stock, however, was down 2.5% to $167.66 on Thursday.Rival Coca-Cola’s earnings also …

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• 11 February 2022 2:00 am

  Oil Briefly Rises On Lower Inventories, OPEC’s Demand Forecast

  

  An aggressive OPEC report on global demand and a drop across the board in US petroleum inventories pushed oil prices higher on Thursday. Total US commercial crude oil inventories are now just over 410 million barrels. Oil prices reversed earlier losses to rise early on Thursday, following a bullish OPEC …

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• 11 February 2022 1:02 am

  NZD/USD Fades as USD Finds Solace on Hawkish Fed

  

  The NZD/USD traders were taken on a ride of volatility on Thursday as the markets positioned for macro inflationary pressures which flows made their way through every facet of the forex space. The commodity complex was bid on the inflation hedge play which initially supported the kiwi after the knee-jerk …

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• 11 February 2022 12:21 am

  Does Inflation Data Incite A New Forex Storm?

  

  Major currency pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared to 7.5% YoY in January, higher than the 7.3% expected.The core reading printed at 6%, also above the market’s forecast. The headline spurred a short-lived US dollar’s rally, although …

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• 10 February 2022 11:00 pm

  Gold Price Index Retreats As Bulls Defeated On Hawkish Fed

  

  The Gold Price Index, XAU/USD, is under pressure as the New York session’s volatility dies down following the early morning chaos that has resulted in plenty of two-way business in financial markets. Gold initially moved lower after the post-15-minute candle’s toing and froing, sliding to $1,825. This was before the …

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• 10 February 2022 10:46 pm

  EUR/USD Reaches Fresh Highs

  

  Following higher than expected January’s US inflation data, the EUR/USD pair is rallying in the North American session. The EUR/USD is trading at 1.1476.Financial markets mood is mixed after the US Department of Labor revealed that the Consumer Price Index (CPI) rose to 7.5% y/y, a level last seen in …

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• 10 February 2022 10:27 pm

  Fed Bullard Concerned About January’s CPI Data

  

  St. Louis Federal Reserve President James Bullard said on Thursday that he has become “dramatically” more hawkish in light of the hottest inflation reading in nearly 40 years, and he now wants a full percentage point of interest rate hikes over the next three U.S. central bank policy meetings. Within …

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• 10 February 2022 10:03 pm

  BoE’s Bailey: EU insurance laws should be changed

  

  Bank of England governor Andrew Bailey focuses on EU laws which require insurance companies to hold enough cash to ensure they do not collapse are not well suited for the UK.The governor told listeners to a speech in the City that the so-called Solvency 2 regulations needed to be reformed. …

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• 10 February 2022 9:43 pm

  Attacks Against BoE’s Bailey Over Pay Rises Miss Their Target

  

  The Bank of England Governor Andrew Bailey was slapped down by the Government, business groups, and trade unions last week for urging wage restraint as a check against ongoing inflation.Rail, Maritime and Transport Union boss Mick Lynch accused him of “hypocrisy” given Bailey’s high salary. Downing Street retorted that the …

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• 10 February 2022 8:49 pm

  CPI Keeps The Door Open For A US 50bp Interest Hike in March

  

  Data released on Thursday showed higher-than-expected inflation numbers with the annual CPI hitting the highest level since 1982. The upside surprise, even as areas like energy goods and autos cooled as expected, illustrates that inflation continues to carry plenty of momentum, and any meaningful slowdown remains elusive, explained analysts at …

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• 10 February 2022 8:38 pm

  How Does CPI Data Influence Financial Markets?

  

  US consumer prices have surged well above expectations, raising further concerns about price pressures and pushing investors in global financial markets toward expectations and bets that the Fed will raise interest rates in March to levels that exceed current expectations.The annual US Consumer Price Index (CPI) is 7.5% higher than …

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• 10 February 2022 7:56 pm

  Gold Price Rebounds Sharply As USD Tumbles

  

  Gold prices bounces sharply on a volatile session. Following CPI data, XAU/USD tumbled to $1821, hitting a two-day low. A few minutes later, it rebounded above $1830, approaching weekly highs. The rebound suggests some underlying strength, but it needs to break firm above $1835 to open the door to more …

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