Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 18 February 2022 12:02 pm

  Canada Approves Novavax’s COVID-19 Vaccine For Adults

  

  On Thursday, the Canadian Ministry of Health decided to use the Novavax vaccine for the Coronavirus in adults 18 years of age or older. The Ministry of Health in Canada has made it clear that the list of approved Corona vaccines has been updated with the (Pfizer – Novavax – …

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• 18 February 2022 2:40 am

  Market Drivers – US Session – 17 Feb.

  

  Thursday’s asset trading closed largely negatively with a significant decline in risk appetite because tensions in Eastern Europe that have come back to the news headlines.Risk assets, first and foremost stocks and the euro, declined as yields of US Treasury bonds fell in favour of higher safe haven assets, most …

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• 18 February 2022 1:21 am

  S&P falls On Russia-NATO Tensions

  

  US equity markets were under pressure on Thursday, with all major US indices dropping more than 1.0%. Markets fell as Russia-NATO tensions continue to escalate against the background of uncertainty about the timeline of Fed tightening. US equity markets were under pressure on Thursday, with all major US indices dropping …

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• 18 February 2022 12:30 am

  Demand For Safe Havens Surges, With US Dollar As Only Exception

  

  Ukraine-Russia conflict continued to dominate the headlines and fueled demand for safe-haven assets, although speculative interest stood away from the greenback. Major pairs remained stable within familiar levels after both countries blamed each other for some shelling that took place early on Thursday in the Donbass territory.The situation escalated as …

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• 17 February 2022 11:53 pm

  USD/CAD Falls Back To 1.2680 Amid Indecisive Trading Conditions

  

  The USD/CAD pair saw choppy trading conditions on Thursday and is back to flat around 1.2680 having been as high as 1.2734.Geopolitics remains the main talking point in the market, with investors jittery as NATO/Russia relations sour, shelling resumes in Ukraine.At one point, the pair was rallying as high as …

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• 17 February 2022 11:11 pm

  EUR/GBP Stumbles To Weekly Lows On Hot Uk’s Inflation

  

  On Wednesday, the UK’s Office of National Statistics (ONS) revealed higher than expected inflation figures. The conflict between Russia and Ukraine weighed on the single currency. The EUR/GBP breach of 0.8345 would exacerbate a fall towards 0.8300.On Thursday, as the American session progresses, the EUR/GBP drops for the second consecutive …

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• 17 February 2022 9:59 pm

  Gold Hits $1900 As Russia-NATO Tensions Boil

  

  The Gold Index (XAU/USD) hit $1900 per ounce for the first time since June 2021 on Thursday, taking its on-the-day gains to more than 1.5% as geopolitical tensions between Russia, Ukraine and NATO simmer, stimulating demand for safe-haven assets.Gold now trades more than 2.0% higher on the week, taking its …

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• 17 February 2022 9:02 pm

  WTI Rebounds To $92.00 From Recent $90.00 Lows

  

  WTI crude rebounded sharply on Thursday after Wednesday’s US-Iran negotiation progress had invaded news headlines triggering a sharp price drop.Having been as low as $90.00 per barrel on Wednesday, WTI is now trading near $92.00 again thanks to escalating Russia-NATO tensions. A long-term trendline continues to offer WTI support.Oil prices …

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• 17 February 2022 8:55 pm

  Bullard reiterates Fed’s need of ‘One Point’ rate hikes by July

  

  The US Federal Reserve should implement a full percentage point of rate increases over its next three meetings between now and the first of July 2022, St. Louis Fed president James Bullard said on Thursday, reiterating his calls for strong action from the Fed against stubbornly high inflation.“We are missing …

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• 17 February 2022 8:37 pm

  ECB’s Lane: Eurozone Turned Page On Low Inflation

  

  The ultra-low inflation seen in the euro zone until recently are unlikely to return even after the pandemic is over, the European Central Bank’s chief economist Philip Lane said, citing changes in the global economy among other factors.Lane had dismissed the notion of a new era for inflation until recently …

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• 17 February 2022 7:38 pm

  How Will USD/JPY Respond To Blinken’s Remarks Before UN Security Council?

  

  US Secretary of State Antony Blinken will be delivering his remarks on the Russia-Ukraine conflict at a UN Security Council Meeting, from UN Headquarters in New York City, on Thursday.Markets remain risk-averse on Thursday on reports pointing to a heightened risk of a Russian invasion. The benchmark 10-year US Treasury …

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• 17 February 2022 7:06 pm

  Ukraine’s Foreign Minister: Fire from a tank recorded in Eastern Ukraine

  

  Ukraine’s Foreign Minister Kubela Dmytro said on Thursday that fire from a tank had been recorded in Eastern Ukraine. This development comes after mortar fire and shelling throughout Thursday morning that was only reported to have stopped at 1:00 p.m. local time. As for the market’s reaction, the latest round …

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• 17 February 2022 5:43 pm

  US: Weekly Initial Jobless Claims rise to 248K

  

  There were 248,000 initial claims for unemployment benefits in the US during the week ending February 12, the data published by the US Department of Labor (DOL) revealed on Thursday. This was above the median economist forecast for 219,000 initial claims and was also above last week’s 225,000 reading, which …

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