Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 25 February 2022 11:51 pm

  China Urges Talks, Supports Respect of Ukraine’s Territory, Sovereignty

  

  In a statement on the Russo-Ukraine was released on Friday, China said that Ukraine’s territory and sovereignty should be respected and urged talks between Ukraine and Russia as soon as possible. China also called for a diplomatic resolution to the crisis as soon as possible. Shortly after, senior Chinese diplomat …

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• 25 February 2022 11:04 pm

  US Drilling Rig Count Rises 5 weeks In A Row

  

  Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by two to 522 this week. That followed a climb of 4 oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

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• 25 February 2022 10:50 pm

  EUR/USD Trims Weekly Losses As Traders Head Into Weekend

  

  The euro edges down 0.58% so far in the week, after falling in three of the week’s five trading days.On Friday, the EUR/USD trims some of its weekly losses, recording gains of 0.48% during the North American session. At press time, the EUR/USD is trading at 1.1252.In the overnight session …

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• 25 February 2022 10:35 pm

  NZD/USD Surges Amid Ukraine’s Fighting

  

  Friday’s trading session, so far, has witnessed risk appetite improved as European and US equities trade remain in the green territory, ahead of the weekend on a busy week in the financial markets. In the currencies’ space, risk-sensitive currencies led by the NZD and the AUD record gains, while safe-haven …

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• 25 February 2022 10:19 pm

  Bitcoin Rebounds 15% As Risk Appetite Bounces Back

  

  Bitcoin has been crushed at times over the last week, but the improvement markets have seen in risk appetite has given it a big boost. It is now recovering around 15% from yesterday’s lows and is up more than 2% today.Bitcoin is the ultimate risk asset, and if sentiment remains …

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• 25 February 2022 9:53 pm

  Gold Struggling Despite US Pending Home Sales Data

  

  The US housing market continues to lose momentum with fewer Americans starting the process of buying a new home, according to the latest data from the the National Association of Realtors (NAR).Friday, the association said that its Pending Home Sales Index fell to a reading of 109.5 in January, down …

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• 25 February 2022 8:52 pm

  US Shares Rebound On Positive Durable Goods Data

  

  US shares rose on the last day of the current trading week, despite having been in the red territory since Russian President Vladimir Putin recognized Donetsk and Luhansk separatist regions in Ukraine as independent states.Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods …

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• 25 February 2022 8:39 pm

  MPR Expects Fed will soon raise FFR target range

  

  The US Federal Reserve on Friday released its semiannual Monetary Policy Report (MPR), which it normally does one week ahead of Fed Chair Jerome Powell’s semiannual testimony before the US Congress. The report reiterated the Fed’s policy guidance that it will soon be appropriate to raise the target range for …

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• 25 February 2022 7:24 pm

  US Dollar Index Turns Negative Below 97.00

  

  The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, comes under pressure and slips back below the 97.00 yardstick on Friday.The index gives away further ground following a tepid change in the markets’ mood after news reported a probable meeting between Russian and …

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• 25 February 2022 7:14 pm

  Lagarde: ECB ready to take action needed to ensure price and financial stability

  

  European Central Bank President Christine Lagarde said on Friday that the central bank stands ready to take whatever action is needed to ensure price stability and financial stability in the Eurozone.Lagarde said that it would be premature to assess the exact impact of the conflict in Ukraine just yet, but …

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• 25 February 2022 5:19 pm

  Oil Catches Its Breath as Russian Forces Advance Into Ukraine

  

  Oil prices fell on Friday after sharp increases during the session on fears of possible disruption to international supplies following the imposition of sanctions on oil-exporting Russia. Brent crude futures for April fell 33 cents, or 0.3 percent, to $98.75 a barrel at 1045 GMT, after jumping to $101.99. May …

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• 25 February 2022 4:31 pm

  Russia Begins Attack on Kyiv – CNBC

  

  CNBC reported that Russian forces began their assault on the Ukrainian capital, Kyiv, to seize it on the second day of declaring the invasion. Russian forces resumed their march towards the capital after the stop announced by Ukrainian President Zelensky this morning. Ukrainian Foreign Minister Dmytro Kuleba said horrific Russian …

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• 25 February 2022 3:45 pm

  The Kremlin: Russia Will Impose Retaliatory Sanctions on The West

  

  The Kremlin said on Friday that Russia would impose retaliatory sanctions on Western countries on the basis of reciprocity. Kremlin spokesman Dmitry Peskov said the sanctions would cause problems for Russia but their impact could be contained and had reduced Moscow’s dependence on foreign imports. He declined to comment on …

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