Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 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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• 7 February 2022 9:43 pm

  EUR/GBP Consolidates After Hitting Fresh Annual Highs

  

  The EUR/GBP pair hit fresh annual highs in the 0.8470s but has since pulled back to consolidate around the 0.8450 area, where it trades broadly flat on the session.The latest remarks from ECB President Christine Lagarde before the EU parliament did not add anything new to her remarks in last …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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