Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 17 February 2022 12:24 pm

  Gold Hovers Near 8-Month Peak as Concerns Over Ukraine Return

  

  . Gold prices rose on Thursday towards their highest levels in eight months this week as US Treasury yields fell, while reports of mortar fire in eastern Ukraine prompted investors to choose safe bullion. And gold rose in spot transactions 0.4 percent to $ 1876.41 an ounce, hovering near its …

  Read More »
• 17 February 2022 11:45 am

  Japan Shares Close Lower Due to Ukraine Crisis

  

  Japanese stocks fell on Thursday after concerns over Ukraine curbed risk appetite, while investors remained concerned about rising interest rates globally to contain widening inflationary pressures. The Nikkei index lost 0.83 percent to close at 27,232.87 points, while the broader Topix index fell 0.79 percent to 1931.24 points. The Nikkei …

  Read More »
• 17 February 2022 2:28 am

  Market Drivers – US Session – 16 February

  

  What you need to know on Thursday, February 17:The American dollar edged lower on Wednesday, despite the release of upbeat US data and uncertainty related to Russian and Ukrainian border tensions. The US Federal Reserve released the Minutes of the latest FOMC meeting, which indicated that policymakers are willing to …

  Read More »
• 17 February 2022 2:05 am

  EUR/USD Climbs Following FOMC Minutes

  

  During the North American session, the European currency extended its rally, so far up 0.40% in the week, amid uncertainty in the Russia/Ukraine conflict. At the time of writing, the EUR/USD is trading at 1.1379.The conflict between Russia and Ukraine has kept the market mood continuously swinging since last Friday, …

  Read More »
• 17 February 2022 1:13 am

  US Stock Indexes Mixed Following FOMC Minutes

  

  US stock indexes have maintained mixed performance on Wall Street in afternoon trading Wednesday following Fed meeting minutes. The Federal Reserve’s latest policy meeting showed policymakers discussing the possibility of a more aggressive pace of interest rate hikes as the central bank moves to fight inflation. The S&P 500 was …

  Read More »
• 17 February 2022 12:50 am

  WTI Slumps On Closer Us-Iran Nuclear Deal News

  

  The WTI crude oil has been selling off sharply in recent trade on headlines suggesting that a US/Iran nuclear deal is near. A deal that saw US sanctions on Iranian oil exports removed could add well over 1M BPD to global markets. WTI has fallen $2.0 in the last hour …

  Read More »
• 17 February 2022 12:42 am

  Bitcoin Finds Initial Support at $40K, Pauses Price Jumps

  

  Bitcoin was trading in a tight range between $43,000 and $44,000 over the past 24 hours. Support is nearby, which could limit pullbacks over the short term.Buyers will need to maintain a price floor above $40,000 to sustain the uptrend from $36,000 that occurred on Feb. 3. Intraday charts appear …

  Read More »
• 17 February 2022 12:29 am

  Iran: Closer Than Ever To An Agreement

  

  Iran’s top nuclear negotiator Ali Bagheri Kani tweeted on Wednesday that, following weeks of intensive talks, the JCPOA participants including the US and Iran are closer than ever to an agreement. However, he added that “nothing is agreed until everything is agreed”. His tweet comes after French officials had said …

  Read More »
• 16 February 2022 11:53 pm

  State Department: Russian troops taking fighting positions

  

  The US State Department said that more Russian troops, not fewer, are on the Ukraine border and they’re moving concerningly into fighting positions. However, they say there is still room for diplomacy unless they make the decision to go in. The latest Ukrainian intelligence report shows no evidence of Russian …

  Read More »
• 16 February 2022 11:38 pm

  Fed rate decisions will be made on meeting-by-meeting basis

  

  Federal Reserve officials last month agreed that, with inflation widening its grip on the economy and employment strong, it was time to tighten monetary policy, but also that decisions would depend on a meeting-by-meeting analysis of data, according to minutes of the Jan. 25-26 policy meeting.Participants agreed that the US …

  Read More »
• 16 February 2022 11:23 pm

  FOMC Minutes: Most Policymakers Suggested Faster Interest Rate Hike

  

  The minutes of the 25-26 January FOMC meeting, released on Wednesday, said that most participants suggested that a faster pace of increases in the target rate for the Federal Funds rate than in the post-2015 period would likely be warranted. Additional Quotes Participants continued to stress that maintaining flexibility to …

  Read More »
• 16 February 2022 11:16 pm

  Us Treasury Yields Sharply Fluctuate On Comments By Fed’s Harker

  

  US Treasury yields retreated on Wednesday’s session, despite the significant improvement in the US retail sales figures which came as a result of statements out of the Federal Reserve that reflected the adherence of members of the Central Bank’s Board of Governors not to exceed the rate hike next March …

  Read More »
• 16 February 2022 10:56 pm

  Gold Awaiting FOMC Minutes For Direction

  

  Gold prices found good support in the $1850 area and has advanced on Wednesday in the run-up to Fed minutes. Geopolitical angst regarding Russia/Ukraine remains elevated, underpinning gold, which is also being supported by technical factors.The price of the yellow metal is going and froing between the day’s range of …

  Read More »