Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 7 February 2022 12:59 pm

  Gold Touches its Highest Level in More Than a Week

  

  Gold prices hit their highest in more than a week on Monday, as inflationary pressures from higher oil prices helped offset the impact of an increase in US Treasury yields after a positive jobs report, while the appetite for the metal also supported a decline in stocks. Gold rose in …

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• 7 February 2022 12:55 pm

  Australia to Fully Reopen Borders to Vaccinated Travellers From Feb 21

  

  Australia has unveiled plans to welcome back double-jabbed tourists for the first time in two years. Australian Prime Minister Scott Morrison said on Monday that Australia will fully reopen its borders to all vaccinated visa holders from February 21, after nearly two years since closing it to non-citizens to mitigate …

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• 7 February 2022 12:48 pm

  German Industrial Production Fell in December

  

  German industrial production fell in December, as Europe’s largest economy was hit late last year by supply chain crises, official data showed on Monday. Industrial Production in Germany unexpectedly fell in December, suggesting that the manufacturing sector is not back yet. Eurozone’s economic powerhouse’s industrial output fell by 0.3% MoM, …

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• 7 February 2022 12:46 pm

  Nikkei Falls as Industry Shares Decline

  

  Japan’s Nikkei index fell on Monday, with shares of some industrial companies whose financial results were disappointing, while the stock market was affected by persistent fears of a faster global interest rate hike. The Nikkei index compensated some of its losses incurred in early trading, to close down 0.70 percent …

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• 7 February 2022 7:57 am

  Weekly Recap 31 Jan – 4 Feb

  

  The US dollar ended last week’s trading with losses. The dollar index, which measures the US currency against a basket of major currencies, fell to 95.48 points, compared to 97.13 points posted last week. The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest …

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• 5 February 2022 4:17 am

  Market Drivers – US Session – 4 February

  

  The EUR/USD pair posted its largest weekly gain since March 2020, adding roughly 350 pips to reach a fresh 2022 high of 1.1483, to now trade at around 1.1430. The Euro soared following the European Central Bank monetary policy meeting, after President Christine Lagarde surprised market players with her hawkish …

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• 5 February 2022 3:29 am

  Week Ahead: Inflation Data Next Focus For Investors After Bond Yield Spike

  

  Fierce swinging in stocks and a sharp upping of government bond yields are putting the spotlight on next week’s US inflation data, as investors look forward to more volatility across asset markets.A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than …

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• 5 February 2022 2:31 am

  Latin American Assets Impacted By Strong US Jobs Data

  

  Most Latin American stocks and currencies fell on Friday after data showing strong jobs growth in the United States created room for a more hawkish US Federal Reserve.MSCI’s index of Latin American currencies. MILA00000CUS fell 0.8% and stocks .MILA00000PUS dropped 0.5%. Still, both the indexes were set for weekly gains …

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• 5 February 2022 1:48 am

  US Stocks Climb While Jobs Data, Earnings Digested

  

  Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year. Stocks on Wall Street rose on Friday, as an unexpectedly strong jobs report scrambled investors’ expectations for coming interest rate increases and as the latest …

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• 5 February 2022 1:24 am

  Gold Price Stuck Around $1,800

  

  The gold market hovers around $1,800 per ounce and might not go anywhere anytime soon as market sentiment among Wall Street traders and analysts remains neutral to bearish. Retail investors remain bullish on gold.Gold prices are caught smack in the middle of opposing forces as the global economy faces rising …

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• 5 February 2022 12:22 am

  US Oil-Drilling Rig Count Up For Second Straight Week

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 497 this week. That followed a climb of four oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural …

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• 4 February 2022 11:21 pm

  EUR/USD’s Bullish Momentum Interrupted By Strong US NFP Data

  

  Strong US labour market data on Friday caused the EUR/USD’s pair to stumble, though not enough to trigger a lasting reversal back towards 1.1400, the fresh data has at least prevented the pair from breaching January’s highs in the 1.1480s. Though the pair has recovered back from its sub-1.1420 post-NFP …

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• 4 February 2022 10:34 pm

  WTI Crude Surges Above $92 On Permian Freeze

  

  The US oil benchmark jumped to above $92 per barrel early on Friday, its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.West Texas Intermediate crude oil broke this week the $90 a barrel mark for the first time …

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