Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 11 February 2022 2:02 pm

  European Shares Fall in a Sell-Off

  

  European shares fell on Friday, heading for a sell-off in global markets, after strong US inflation data fueled bets for a bigger US interest rate hike, although comments hinting at monetary easing from the European Central Bank head limited losses. The pan-European Stoxx 600 index fell 0.5 percent after data …

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• 11 February 2022 12:40 pm

  The British Economy Grew by 7.5% in 2021

  

  Official figures revealed on Friday that Britain’s economy grew 7.5% in 2021, recovering from its historic 9.4% decline in 2020 when coronavirus restrictions curbed economic activity. On a quarterly basis, UK gross domestic product is estimated to have risen by 1% in the final three months of the year, and …

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• 11 February 2022 4:40 am

  Market Drivers – US Session – 10 February

  

  Major pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared in January, higher than expected. The headline spurred a short-lived dollar’s rally, although the greenback quickly changed course and moved from daily highs to fresh weekly lows against most of …

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• 11 February 2022 3:50 am

  ECB’s Lagarde: Hasty rate hike wouldn’t solve inflation problem

  

  Raising the European Central Bank’s main interest rate now would not bring down record-high Eurozone inflation and only hurt the economy, ECB President Christine Lagarde said in an interview published on Friday.Key quotesRaising rates would not solve any of current problems.Highly unlikely that oil price will continue climbing at 2020-2022 …

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• 11 February 2022 3:39 am

  Biden: Things could get crazy rapidly in Ukraine

  

  US President Joe Biden confirmed the recent notice from the US Statement Department to all citizens to leave Ukraine right now during an interview with NBC News.The US State Depart cited “increased threats of Russian military action” as the key risk to put Ukraine on the “Level 4: Do Not …

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• 11 February 2022 3:33 am

  AUD/USD Pressured On RBA’s Lowe’s Comments

  

  The Reserve Bank of Australia’s Phillip Lowe has said that it is ”plausible we could raise rates later this year depending on economy.” He added that he hasn’t said rates won’t go up. AUD could get a lift on such rhetoric, but there hasn’t been any knee-jerk reaction thus far.  “We have …

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• 11 February 2022 3:26 am

  Earnings Still Catch Investors’ Attention

  

  PepsiCo, the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimates, and the company’s forecast for 2022 organic revenue growth also topped forecasts. The stock, however, was down 2.5% to $167.66 on Thursday.Rival Coca-Cola’s earnings also …

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• 11 February 2022 2:00 am

  Oil Briefly Rises On Lower Inventories, OPEC’s Demand Forecast

  

  An aggressive OPEC report on global demand and a drop across the board in US petroleum inventories pushed oil prices higher on Thursday. Total US commercial crude oil inventories are now just over 410 million barrels. Oil prices reversed earlier losses to rise early on Thursday, following a bullish OPEC …

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• 11 February 2022 1:02 am

  NZD/USD Fades as USD Finds Solace on Hawkish Fed

  

  The NZD/USD traders were taken on a ride of volatility on Thursday as the markets positioned for macro inflationary pressures which flows made their way through every facet of the forex space. The commodity complex was bid on the inflation hedge play which initially supported the kiwi after the knee-jerk …

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• 11 February 2022 12:21 am

  Does Inflation Data Incite A New Forex Storm?

  

  Major currency pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared to 7.5% YoY in January, higher than the 7.3% expected.The core reading printed at 6%, also above the market’s forecast. The headline spurred a short-lived US dollar’s rally, although …

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• 10 February 2022 11:00 pm

  Gold Price Index Retreats As Bulls Defeated On Hawkish Fed

  

  The Gold Price Index, XAU/USD, is under pressure as the New York session’s volatility dies down following the early morning chaos that has resulted in plenty of two-way business in financial markets. Gold initially moved lower after the post-15-minute candle’s toing and froing, sliding to $1,825. This was before the …

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• 10 February 2022 10:46 pm

  EUR/USD Reaches Fresh Highs

  

  Following higher than expected January’s US inflation data, the EUR/USD pair is rallying in the North American session. The EUR/USD is trading at 1.1476.Financial markets mood is mixed after the US Department of Labor revealed that the Consumer Price Index (CPI) rose to 7.5% y/y, a level last seen in …

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• 10 February 2022 10:27 pm

  Fed Bullard Concerned About January’s CPI Data

  

  St. Louis Federal Reserve President James Bullard said on Thursday that he has become “dramatically” more hawkish in light of the hottest inflation reading in nearly 40 years, and he now wants a full percentage point of interest rate hikes over the next three U.S. central bank policy meetings. Within …

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