Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 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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• 26 February 2022 1:33 am

  AUD/USD Surges Back As Risk Appetite Rebounds

  

  The AUD/USD pair saw an ultra-impressive rebound on Friday, with the pair rallying back into the mid-0.7200s despite ongoing uncertainty about the European geopolitical landscape and the global economy as fighting between Russian and Ukrainian forces in Ukraine intensified. The pair currently trades in the 0.7330s, up roughly 1.0% on …

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• 26 February 2022 1:04 am

  Gold Retreats Amid Risk-on Market Mood

  

  the Gold Index (XAU/USD} is set to end the week with losses after reaching a daily high at $1974.48 on Thursday. Breaking news that Russia would be open to sit down and talk with the Ukrainian Government, increased appetite for riskier assets.The news about potential talks was the detriment of …

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• 25 February 2022 11:51 pm

  China Urges Talks, Supports Respect of Ukraine’s Territory, Sovereignty

  

  In a statement on the Russo-Ukraine was released on Friday, China said that Ukraine’s territory and sovereignty should be respected and urged talks between Ukraine and Russia as soon as possible. China also called for a diplomatic resolution to the crisis as soon as possible. Shortly after, senior Chinese diplomat …

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• 25 February 2022 11:04 pm

  US Drilling Rig Count Rises 5 weeks In A Row

  

  Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by two to 522 this week. That followed a climb of 4 oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

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• 25 February 2022 10:50 pm

  EUR/USD Trims Weekly Losses As Traders Head Into Weekend

  

  The euro edges down 0.58% so far in the week, after falling in three of the week’s five trading days.On Friday, the EUR/USD trims some of its weekly losses, recording gains of 0.48% during the North American session. At press time, the EUR/USD is trading at 1.1252.In the overnight session …

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• 25 February 2022 10:35 pm

  NZD/USD Surges Amid Ukraine’s Fighting

  

  Friday’s trading session, so far, has witnessed risk appetite improved as European and US equities trade remain in the green territory, ahead of the weekend on a busy week in the financial markets. In the currencies’ space, risk-sensitive currencies led by the NZD and the AUD record gains, while safe-haven …

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