Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 15 February 2022 8:54 pm

  Senator Toomey: Senate shouldn’t proceed with vote on Fed nominee Raskin

  

  Republican Senator Pat Toomey said on Tuesday that the Senate Banking Committee should not proceed with a vote on Fed nominee Sarah Bloom Raskin unless she answers questions on the Reserve Trust.“We’ve asked basic questions and she’s refused to provide answers” he said. Toomey added that if Senate Banking Committee …

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• 15 February 2022 8:44 pm

  US Equities Rebounds As Russia-Ukraine Crisis Eases

  

  US equities are up sharply on Tuesday as investors breathe a sigh of relief amid apparently easing geopolitical tensions.News of Russian troop withdrawals from Ukraine’s border helped distract equities from ugly PPI and NY Fed survey data. The S&P 500 was up about 1.5%, the Nasdaq 100 up nearly 2.0% …

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• 15 February 2022 7:46 pm

  NZD/USD Retreats From Daily Highs Despite Russia Troop Withdrawal

  

  The NZD/USD pair extends to four days of losses in the North American session, courtesy of the financial markets’ risk-off environment since Friday. At the time of writing is trading at 0.6605.Risk appetite is back so far. Updates crossing the wires that some Russian troops are returning to the base …

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• 15 February 2022 6:14 pm

  Market Drivers – European Session 15-2-2022

  

  The headline US Producer Price Index (PPI) rose at an annual pace of 9.7% in January, according to the latest report from the US Bureau of Labor Statistics on Tuesday. MoM, PPI came in at 1.0% in January, well above expectations for a 0.5% MoM gain. Core PPI metrics were …

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• 15 February 2022 5:01 pm

  US Annual PPI Remains at to 9.7% in January

  

  The headline US Producer Price Index (PPI) rose at an annual pace of 9.7% in January, according to the latest report from the US Bureau of Labor Statistics on Tuesday. That was well above the median economist forecast for 9.1% and was unchanged December’s 9.7% reading. MoM, PPI came in …

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• 15 February 2022 4:09 pm

  German ZEW Economic Sentiment Index Improves to 54.3 in February

  

  The German ZEW headline numbers for November showed that the Economic Sentiment Index unexpectedly improved to 3 The German ZEW headline numbers for February showed that the Economic Sentiment Index jumped again, registering 54.3 from 51.7 previous while missing estimates of 55.0. Meanwhile, the Current Conditions sub-index slowed its pace …

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• 15 February 2022 3:06 pm

  Euro Rises After Russian Forces Begun to Return to Their Bases

  

  The euro recovered on Tuesday, recouping almost all of its losses on Monday, buoyed by reports that some Russian forces in areas near Ukraine have begun to return to their bases. The single European currency rose 0.4 percent to $1.1346, with European shares recovering with the support of those reports. …

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• 15 February 2022 2:53 pm

  European Shares Rise Supported by Buying Health Care And Commodities Shares

  

  European shares rose on Tuesday after concerns about the crisis between Ukraine and Russia prompted investors to buy shares in sectors such as health care and consumer goods. The pan-European Stoxx 600 index rose 0.6 percent by 0814 GMT, after closing in the last session at its lowest level in …

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• 15 February 2022 2:10 pm

  Oil Falls From Its Highest Level in 7 Years After Reports of The Russian Forces to Their Bases

  

  Oil prices fell on Tuesday from a seven-year high to around $94 a barrel, after a report that some troops in Russian military areas adjacent to Ukraine had returned to their bases, in a move that would ease tensions between Moscow and the West. While large-scale exercises continue across the …

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• 15 February 2022 1:29 pm

  Russia’s Military: A Number of Drills Have Finished; Troops Are Expected to Return to Bases

  

  “A number of drills have finished, troops are expected to return to bases,” Interfax reports, citing Russia’s military. “It continues set of drills involving almost all districts and navies.” “Some units of western and southern military districts have started returning to bases.”

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• 15 February 2022 12:11 pm

  The Nikkei Closed Lower Under Pressure

  

  The Nikkei average ended Tuesday’s trading at its lowest level this month, weighed by expectations of a US interest rate hike, as investors factored in the repercussions of a possible Russian invasion of Ukraine. The Nikkei fell 0.79 percent to close at 26,865.19 points, its lowest closing level since January …

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• 15 February 2022 11:42 am

  UK Unemployment Rate Steadies at 4.1% in December

  

  The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate arrived at 4.1% in December vs. the previous 4.1% and 4.1% expected while the claimant count change showed a smaller than previous drop last month. The number of people claiming jobless benefits fell to -31.9K in …

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• 15 February 2022 11:16 am

  Gold Climbs to an Eight-Month High

  

  Gold prices rose to an 8-month high above $1,878 an ounce on Tuesday, as escalating tensions between Russia and the West over Ukraine drove investors out of riskier assets in favor of safe-haven bullion. Gold prices jumped to an eight-month high on Tuesday, February 15, as investors turned away from …

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