Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 7 February 2022 8:54 pm

  Gold Price Higher On Back of NFP Data

  

  The Gold Index (XAU/USD) climbs in the North American session, despite US T-bond yields shooting through the roof after the US Nonfarm Payrolls report smashed expectations. XAU/USD is trading at $1,816.Financial markets mood is positive. US Treasury yields move higher in the session, with the 10-year benchmark note rate at …

  Read More »
• 7 February 2022 8:04 pm

  Lagarde: We continue to see risks to the economy as balanced in the medium-term

  

  Eurozone inflation risks are on the rise but price pressures could still subside before becoming entrenched in expectations, European Central Bank President Christine Lagarde said on Monday. Pointing to mounting inflation risks, Lagarde opened the door last week to an interest rate hike later in 2022 and said that a …

  Read More »
• 7 February 2022 7:55 pm

  US Equities Rebound As investors Digest Earnings, Eye Inflation Data

  

  US data and earnings will be in focus this week after big tech earnings spurred large market swings last week. If US economic data triggers an additional repricing of hawkish Fed bets, that risks further downside, particularly for growth and tech shares.US equity markets were able to erase pre-market losses …

  Read More »
• 7 February 2022 7:35 pm

  The Dollar Keeps Resilient After NFP-Inspired Rebound

  

  The US dollar is staying resilient against its rival currencies at the start of the week following Friday’s rebound, which was fueled by the upbeat January US jobs report.There will not be any high-tier macroeconomic data releases on Monday and major currency pairs are likely to move sideways. US stock …

  Read More »
• 7 February 2022 7:07 pm

  WTI Choppily Traded As Investors weigh US-Iran talks, Supply Disruptions

  

  The West Texas Intermediate crude oil was hit by profit-taking in early European trade, dipping at one point under the $91.00 level. However, trade has since been choppier in both directions, with WTI prices more recently swinging between the $91.00-$92.00 area. At current levels around $91.50, front-month WTI futures trade …

  Read More »
• 7 February 2022 5:48 pm

  Market Drivers – European Session 7-2-2022

  

  European shares rebounded on Monday after five straight weeks of losses, as gains in mining stocks and positive business results overshadowed fears of a series of looming monetary policy tightening and geopolitical tension. The pan-European Stoxx 600 index rose 0.1 percent, after falling 0.7 percent last week. The euro fell …

  Read More »
• 7 February 2022 5:39 pm

  Chinese Foreign Ministry: China and America Should Deal With Trade Issues on The Basis of Mutual Respect

  

  China and the United States should approach trade issues on the basis of mutual respect, China’s Foreign Ministry said on Monday, after U.S. officials urged Beijing to take concrete measures to fulfill commitments under a trade deal. No trade disputes are not in anyone’s interest, Foreign Ministry spokesman Zhao Lijian …

  Read More »
• 7 February 2022 4:37 pm

  The Euro Falls After US Data Supported The Dollar’s Recovery

  

  The euro fell on Monday after rising last week that followed a shift from the European Central Bank to tighten monetary policy, as traders turned to the dollar on bets that the jump in jobs created by the US economy in January could lead to faster rate increases than US …

  Read More »
• 7 February 2022 3:32 pm

  European Shares Rebound, Supported by The Mining Sector

  

  European shares rebounded on Monday after five straight weeks of losses, as gains in mining stocks and positive business results overshadowed fears of a series of looming monetary policy tightening and geopolitical tension. The pan-European Stoxx 600 index rose 0.1 percent, after falling 0.7 percent last week. Mining stocks led …

  Read More »
• 7 February 2022 3:25 pm

  Eurozone Sentix Investor Confidence Improves to 16.6 in February

  

  Eurozone’s investor sentiment extended its upbeat momentum in the second month of 2022; the latest data published by the Sentix research group showed on Monday. The gauge jumped to 16.6 in February from 14.9 in January vs. an advance to 15.2 expected. The index extended its recovery from the lowest …

  Read More »
• 7 February 2022 2:20 pm

  Oil Prices Fluctuate Amid Market Focus on Tight Supplies And US-Iran Talks

  

  Oil prices swung up and down on Monday, as some investors booked profits amid signs of progress in talks between the United States and Iran, while others remained optimistic about support for rising consumption as supply constraints remain. Brent crude rose 20 cents, or 0.2 percent, to $93.47 a barrel, …

  Read More »
• 7 February 2022 12:59 pm

  Gold Touches its Highest Level in More Than a Week

  

  Gold prices hit their highest in more than a week on Monday, as inflationary pressures from higher oil prices helped offset the impact of an increase in US Treasury yields after a positive jobs report, while the appetite for the metal also supported a decline in stocks. Gold rose in …

  Read More »
• 7 February 2022 12:55 pm

  Australia to Fully Reopen Borders to Vaccinated Travellers From Feb 21

  

  Australia has unveiled plans to welcome back double-jabbed tourists for the first time in two years. Australian Prime Minister Scott Morrison said on Monday that Australia will fully reopen its borders to all vaccinated visa holders from February 21, after nearly two years since closing it to non-citizens to mitigate …

  Read More »