Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 8 February 2022 2:02 pm

  Strong Business Results Support European Stocks

  

  European shares extended gains on Tuesday after the European Central Bank chief eased concerns about faster monetary policy tightening this year, while positive business results supported investor sentiment. The benchmark Stoxx 600 index was up 0.3 percent by 0830 GMT. Oil stocks were among the biggest gainers on the European …

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• 8 February 2022 1:24 pm

  Gold Settles Near Its Highest Level in a Week Amid Political Tensions

  

  Gold prices stabilized on Tuesday in light of concerns about Russia and Ukraine, which kept the metal, which is considered a safe haven of value, supported near the highest level in a week, which was recorded in the previous session. At the same time, the markets awaited US inflation data …

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• 8 February 2022 1:23 pm

  America Adds Chinese Entities to The List of Exports That Require Additional Procedures

  

  The US Commerce Department said it has added 33 Chinese entities to what it calls a list of unverified exports that requires US exports to go through additional procedures before goods are shipped to those entities. On Monday, the department said it was taking the step because it was unable …

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• 8 February 2022 12:30 pm

  Technology Stocks Push The Nikkei Higher

  

  The Japanese Nikkei index closed slightly higher on Tuesday, supported by technology shares, as investors were keen to snap up the shares that were hurt, despite caution that prevails ahead of the release of US inflation data due later this week. The Nikkei index closed up 0.13 percent at 27,284.52 …

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• 8 February 2022 3:47 am

  Market Drivers – US Session – 7 February

  

  Contrary to the positive surprise provided by the last week’s US NFP and jobs data, the US inflation profile expectations depict a downbeat scenario ahead of the key US Consumer Price Index data for January. Last week’s NFP data continued to support the USD on Monday.Economic DataThe economic docket for …

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• 8 February 2022 3:29 am

  US Inflation Expectations Grind Lower

  

  Contrary to the positive surprise provided by the last week’s US NFP and jobs data, the US inflation profile expectations depict a downbeat scenario ahead of the key US Consumer Price Index data for January.The US inflation gauge, as measured by the 10-year breakeven inflation rate per the St. Louis …

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• 8 February 2022 3:09 am

  Bitcoin Strengthens Amid Improved Market Sentiment

  

  Bitcoin gained 6% in the past 24 hours, although trading volume remained low. Bitcoin rallied above $43,000 on Monday, retracing about 30% of the sell-off since November. It is expected the short squeeze rally could continue, with less momentum compared with previous price surges.Trading volume across major Bitcoin exchanges ticked …

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• 8 February 2022 2:51 am

  AUD/USD Higher Amid Sluggish Markets, Light Data Calendar

  

  The AUD/USD pair’s prices seesaw around 0.7125-20 during early Tuesday morning in Asia, having reversed most of Friday’s losses the previous day.The risk barometer cheered multiple upbeat catalysts from home to post notable gains at the week’s start. However, a light calendar and the market’s wait for the US Consumer …

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• 8 February 2022 2:07 am

  US-Japan Deal To Roll Back Trump-Era Steel Tariffs

  

  The Trump administration imposed metal tariffs on dozens of countries in 2018, saying that a excess of foreign steel and aluminum threaten US manufacturers out of business and pose a national security threat.The Nippon Steel Corp. plant in Kashima, Japan, in 2018. The Biden administration is expected to announce on …

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• 8 February 2022 1:47 am

  Markets Waiting For Next Catalysts

  

  This week started in slow motion, and the US dollar ended the day mixed across the board. The American currency managed to add some ground against its European rival currencies, although EUR/USD held above 1.1400, while GBP/USD settled at around 1.3530.European Central Bank President Christine Lagarde poured cold water on …

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• 8 February 2022 12:46 am

  WTI Drops From Multi-Year Highs With $88.80 In Focus

  

  West Texas Intermediate crude oil is now down by 0.8% on the day so far, it is now traded at $91.22 after falling from a high of 92.70 to a low of 90.76. The black gold is retreating from its highest levels in seven years as supply risk sentiment takes …

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• 8 February 2022 12:04 am

  USD/CAD Bulls Seeking A Break

  

  Bulls are firming up at a critical support area, the bulls came out in force and took the price higher, but as illustrated below, the bears are putting up a fight. The pair’s price rallied but was met with supply at the start of the new week, despite a dip …

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• 7 February 2022 11:29 pm

  GBP/USD Bears Back Regardless of Hawkish BoE

  

  The GBP/USD has fallen onto the back foot in recent trade and is pressuring back below 1.3515 following a significant correction to 1.3535 as of the early New York session from the 1.3490 territory as traders digest the importance of last week’s main events in the central bank meetings as …

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