Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 28 February 2022 4:33 pm

  Toyota Suspends All Domestic Factory Operations Over Suspected Cyber Attack

  

  Toyota Motor Co. said it will suspend all local factory operations on Tuesday, losing production of about 13,000 cars, after a company that supplies it with plastic parts and electronic components was subjected to a suspected cyber attack. No information was available yet on who was behind the attack or …

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• 28 February 2022 4:23 pm

  The Ruble is Falling to Its Lowest Level Ever

  

  The Russian ruble fell nearly 30 percent on Monday, the euro fell nearly 1 percent against the dollar, and demand for the Swiss franc, the Swiss franc and the Japanese yen increased as safe havens after Western countries imposed tough new sanctions on Russia after its invasion of Ukraine. Western …

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• 28 February 2022 2:20 pm

  European Shares Fall 2% After Imposing Tough Sanctions on Russia

  

  European shares fell on Monday as Western countries imposed tough new sanctions on Russia in the wake of its invasion of Ukraine while rising oil prices fueled fears of hyperinflation. By 0810 GMT, the pan-European Stoxx 600 index fell 2.1%, Germany’s DAX 2% and Britain’s Financial Times 0.9%. Crude oil …

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• 28 February 2022 1:33 pm

  The Rise of Gold And Palladium on Sanctions Against Russia

  

  The price of palladium jumped about 6 percent on Monday after concerns about supplies of the metal used in the auto industry increased as the West imposed new sanctions on Russia, and the price of gold rose by more than one percent after Russian President Vladimir Putin put the nuclear …

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• 28 February 2022 12:41 pm

  Japanese stocks close higher on optimism about Russia-Ukraine negotiations

  

  Japanese stocks reversed course to close higher on Monday as investors hoped talks between Russia and Ukraine would yield a positive outcome, easing concerns about the economic impact of tough Western sanctions on Russia. The Nikkei index rose 0.19 percent to close at 2,6526.82 points, after falling 0.8 percent earlier …

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• 28 February 2022 11:49 am

  Russia Raises Key Interest Rate to 20% And Orders Companies to Sell Foreign Currency

  

  The Russian Central Bank on Monday raised its key interest rate to 20 percent from 9.5 percent to counter the risks of a depreciating ruble and rising inflation. The central bank and finance ministry said Russia had also ordered companies to sell 80 percent of their foreign currency earnings. The …

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• 28 February 2022 11:01 am

  Brent Crude Futures Rose More Than $7 to $105.07 a Barrel

  

  Oil prices in Brent crude futures rose more than 7 dollars to 105.07 dollars a barrel with the opening of trading on Monday, and oil prices in US crude futures rose more than 7 dollars to 99.10 dollars a barrel. The British oil company BP said on Sunday, February 27, …

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• 28 February 2022 10:21 am

  The Russian Ruble Falls to a Record Low

  

  The Russian ruble fell by nearly 29% against the dollar on the morning of Monday, February 28, as markets assessed the impact of sanctions announced by the United States and European countries on Russia. America and its allies announced that Russia was deprived of the use of the global banking …

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• 27 February 2022 11:49 pm

  Weekly Recap – 21-25 February

  

  Unless Moscow rolls back Russian troops shortly, which still seems doubtful, risk-on appetite in markets is believed not to continue for longer.Speculations tend to support the view that Russia’s invasion of Ukraine will slow the planned pace of US Fed’s quantitative tightening which is awaited mid-March.Investors and consumers are monitoring …

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• 26 February 2022 3:20 am

  Market Drivers – US Session – 25 February

  

  Markets stayed relatively quiet early Friday and the DXY extends its corrective slide as investors braced for another turbulent day. Economic Data Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods orders in the United States to double the level of market expectations. …

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• 26 February 2022 3:11 am

  China abstains instead of veto at UN Security Council

  

  Russia vetoed a draft UN Security Council resolution on Friday that would have deplored Moscow’s invasion of Ukraine, while China abstained from the vote; a move western countries view as a win for showing Russia’s international isolation.The United Arab Emirates and India also abstained from the vote on the US …

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• 26 February 2022 2:40 am

  Brent, WTI Back To Pre-Invasion Levels

  

  Both Brent and WTI crude oil benchmarks slipped back to pre-invasion levels on Friday afternoon, dashing the predictions of some that the oil markets would see apocalyptic pricing.As Russia moved into Ukraine on Thursday by land, air, and sea, crude oil prices shot up in an already volatile oil market. …

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• 26 February 2022 2:22 am

  What US Consumer Spending Tells About Economy Status

  

  US consumer spending Rose by 2.1% in January and Inflation accelerated amid Omicron wave. Commerce Department’s inflation gauge rose 6.1% from a year earlier. As Russia’s attack on Ukraine helps push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil …

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