Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 15 February 2022 10:37 am

  Canada’s Trudeau invokes emergency powers in bid to end protests

  

  Canadian Prime Minister Justin Trudeau activated rarely used emergency powers in the country in an attempt to end protests that have closed some border crossings with the United States and paralyzed parts of the capital. Under the emergency law, the government introduced measures aimed at cutting off funding to protesters …

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• 15 February 2022 3:26 am

  Market Drivers – US Session – 14 February

  

  Russia-Ukraine tensions dominated financial markets on Monday, leading to some solid safe-haven demand. The catalyst was a statement from US President Joe Biden, who told his Ukrainian counterpart Volodymyr Zelensky on Sunday that the US would respond “swiftly and decisively” if Russia takes further steps toward invasion.Early on Monday, Russian …

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• 15 February 2022 3:16 am

  Big Bitcoin Miners Plan Stock Sales

  

  A couple of big Bitcoin miners are planning to sell their stock in the face of a drop in token prices that has led other miners to trade in some their Bitcoin holdings.Marathon Digital Holdings Inc. and Hut 8 Mining Corp. have both filed with the Securities and Exchange Commission …

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• 15 February 2022 2:12 am

  Impact of Ukraine’s Invasion On Global Economy

  

  Financial markets are so edgy about tensions in eastern Europe, for good reason. Geopolitical scares typically produce very short-lived market disruptions, with commodities and risk assets quick to recover. The standoff between Russia and Ukraine could be different. Russia is threatening a massive invasion that could quickly subdue Kyiv, the …

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• 15 February 2022 2:03 am

  Canada Considers New Plan to Address Labour Shortages

  

  The immigration system has helped shape Canada into the country it is today – one that is prosperous, diverse, and welcoming to those in need. Newcomers enrich and better local communities, and they work every day to create jobs, care for our loved ones, and support local businesses.Throughout the pandemic, …

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• 15 February 2022 12:25 am

  WTI Surges On Ukraine President’s Statements

  

  US crude oil barely advances, following Friday’s jump of 3.78%. At the time of writing, WTI is trading at $94.00, almost flat.Geopolitical events dampened the market mood in the financial markets. Russia’s intentions of a possible invasion of Ukraine keep crude oil prices upward pressured, based on the fact that …

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• 15 February 2022 12:16 am

  Lagarde: ECB Will Act at Right Time But Gradually

  

  European Central Bank President Christine Lagarde repeated that policymakers will not rush to remove stimulus in the Eurozone as she sought to highlight the limits of their powers at a time of volatile prices. ECB President Christine Lagarde delivered, Monday, an introductory statement at European Parliament within the framework of …

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• 14 February 2022 10:56 pm

  Gold Price Steadies Around $1860s Despite Us Dollar Strength, High Us Bond Yields

  

  The safest haven asset of all, gold, has remained steady during the beginning of the week, despite a stronger US dollar across major currencies. The Golf Index, however, has retreated from daily tops around $1,871 as geopolitical tensions appear to ease in the conflict between Russia and Ukraine. XAU/USD is …

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• 14 February 2022 10:20 pm

  USD/JPY Rebounds On Hawkish Fed Speakers, Higher US Yields

  

  The USD/JPY pair has rebounded from the 1.1500 level during the US trading session on Monday, having failed on multiple occasions since last Friday to break below the key level. The pair is now trading close to highs of the day in the 115.60s, up about 0.2% and is eyeing …

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• 14 February 2022 9:31 pm

  US Retail Sales Likely Bounced in January – Wells Fargo

  

  On Wednesday, the January retail sales report will be released is due in the US. According to analysts at Wells Fargo, sales likely rebounded rising 2.1%, a number above the 1.6% increase of market consensus. Key Quotes: “Retail sales declined sharply to end 2021. During December, total sales fell 1.9%, …

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• 14 February 2022 8:43 pm

  WTI Crude Stabilizes As traders Watch Russian-Ukrainian Crisis

  

  Crude oil markets stabilized on Monday after printing fresh highs earlier in the day, supported by the ongoing tense geopolitical backdrop in Eastern Europe and continued tight global oil market conditions. Front-month WTI futures, which have swung between multi-year highs near $95.00 and session lows just above $92.00, currently trade …

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• 14 February 2022 8:15 pm

  GBP/USD Retreats Amid Risk-Off Market Mood

  

  The GBP/USD snaps two days of gains and begins the week on the wrong foot amid increasing geopolitical tensions in eastern Europe. At the time of writing, the GBP/USD is trading at 1.3528.The market sentiment is downbeat, depicted by European bourses falling, while US futures point to a lower open. …

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• 14 February 2022 7:34 pm

  US Shares Supported But Remain Defensive Due To Geopolitical Tensions

  

  US equity markets opened this week’s trade mixed, with the S&P 500 down 0.3%, the Nasdaq 100 up 0.3% and the Dow down 0.4%. The S&P 500 CBOE volatility index remained elevated near the 30.0 level, up about 2.0 points on the day, with equity index futures trade prior to …

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