Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 25 February 2022 12:39 am

  Gold Price plunges below $1,900

  

  Gold changed course after hitting a multi-month high of $1,974.40 a troy ounce and plummeted to $1,877.96, now bouncing modestly from the latter up to $1,889.80.Gold began shedding ground heading into the US opening, accelerating its slide afterwards. A recovery in Wall Street put the final nail on gold’s coffin …

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• 24 February 2022 11:03 pm

  Biden Authorizes Fresh Sanctions Against Russia

  

  US President Joe Biden was scathing in his criticism of Russia’s attack on Ukraine on Thursday and announced that he would be authorizing new sanctions on Russia, including on exports. Biden said that the sanctions are designed to maximize the long-term impact on Russia’s economy but minimize the impact on …

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• 24 February 2022 10:54 pm

  Moscow willing to negotiate terms of Ukraine’s surrender

  

  Russian government spokesperson Dmitry Peskov said on Thursday that Moscow is willing to negotiate the terms of Ukraine’s surrender. Peskov said that Russian President Vladimir Putin is ready to talk with Ukrainian President Volodymyr Zelensky if Ukraine agrees to compromise on Russia regarding its “red lines”. These include that Ukraine …

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• 24 February 2022 10:42 pm

  Fed’s Barkin: Hope Fed can restore rates to pre-pandemic levels quickly

  

  Richmond Fed President and FOMC member Thomas Barkin said on Thursday that he hopes the Fed can restore interest rates back to pre-pandemic levels fairly quickly, reported Reuters. Barkin added that it is timely to normalise rates given strong demand, the tight labour market and high inflation. Barkin said that …

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• 24 February 2022 10:25 pm

  Biden Ponders Cyberattack Options Against Russia’s Assault

  

  US President Joe Biden has been presented with a “menu” of options for potential cyberattacks designed to disrupt Russia’s ability to sustain military operations in Ukraine. Four US unnamed sources said that no final decision had been made in this regard.US intelligence officials say US intelligence and military cyber warriors …

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• 24 February 2022 9:42 pm

  Mester: Situation in Ukraine considered for Fed’s policy

  

  The eruption of the conflict unfolding in Ukraine could have an effect on the US economy in the medium term and should be factored in as Federal Reserve policymakers remove accommodation, Cleveland Fed President Loretta Mester said on Thursday.The Fed official said she expects inflation will moderate this year as …

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• 24 February 2022 9:25 pm

  EIA: US natural gas supplies retreat

  

  The US Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 129 billion cubic feet for the week ended Feb. 18. Total supplies in storage stand at 1.782 trillion cubic feet. The change in stocks compared with the average weekly decline of 128 billion cubic feet forecast …

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• 24 February 2022 9:10 pm

  How is Ukraine War Clouding Eurozone?

  

  ECB executive board member Isabel Schnabel issued some comments, Thursday, on the central bank’s monetary policy. Schnabel said “It is now becoming increasingly likely that, in the medium term, inflation will approach our 2% target from above, not below”. Additional QuotesReversing the current exceptional measures has the potential to mitigate …

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• 24 February 2022 8:08 pm

  Global Markets Shocked By Russia’s Military Assault-Related Signals

  

  A typically dark day for Europe witnessed extraordinary shock across financial markets. This report sums up some of the signals that world economy received during the first hours of the assault. Dow Jones plunges as Russian assault against Ukraine roils global markets, oil prices soared to record highs after Russia …

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• 24 February 2022 7:12 pm

  GBP/USD falls to fresh lows amid negative market sentiment

  

  Support levels fell like dominoes on Thursday as the GBP/USD pair continues to react to woes related to Russia’s assault on Ukraine. Traders ditch risk-sensitive currencies like sterling in favour of safe-haven currencies like the US dollar or Japanese yen as global equities tumble, the pair is on course for …

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• 24 February 2022 6:31 pm

  Turkish Lira Drops More Than 5% After Russian Invasion of Ukraine

  

  The Turkish lira fell more than 5% on Thursday as investors sought safe havens after Russian forces invaded Ukraine, raising fears of fresh inflation pressures in Turkey and prompting Ankara to call for confidence in the local currency. The lira fell to 14.62 against the dollar, its lowest level since …

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• 24 February 2022 4:57 pm

  Oil Tops $105 a Barrel After Russian Attack on Ukraine

  

  Oil prices rose on Thursday, with Brent crude exceeding $105 a barrel for the first time since 2014 after a Russian attack on Ukraine raised fears of a war in Europe that could disrupt global energy supplies. Brent crude prices rose $8.24, or 8.5 percent, to $105.08 a barrel by …

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• 24 February 2022 3:54 pm

  US Wheat And Corn Prices Rise Sharply After The Russian Attack on Ukraine

  

  US wheat and corn futures rose to the highest intraday trading level on Thursday, while soybean prices hit their highest level since 2012 after Russian forces attacked Ukraine, raising fears of a global supply impact. Wheat prices rose for the third day in a row, reaching their highest level in …

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