Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 11 February 2022 9:15 pm

  Biden: Inflation Will Cool Later This Year

  

  President Joe Biden is acknowledging historic inflation, but at the same time, Biden believes it is tapering off this year. President Joe Biden said Thursday he sees signs of relief on the horizon for US consumers, after a government report showed inflation staying at a 40-year high.“According to Nobel laureates, …

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• 11 February 2022 8:43 pm

  Gold Price Index Extends Rebound From $1820, Eying $1840

  

  Gold rose further during the American session and climbed to $1836, reaching a fresh daily high. It remains near the top with a bullish tone. The upside move started after finding support again above $1820.If XAU/USD ends at current levels, it will post the highest weekly close since November, with …

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• 11 February 2022 7:57 pm

  US Treasury Yields Soaring Towards 2.25%,

  

  The US 10-year bond yield has hit 2%. It may well pause within the said territory in a narrow range around 2% for a while.But beyond this, some analysts and observers as well as investors expect an additional rise to the 2.25% area and view this scenario as more likely, …

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• 11 February 2022 7:19 pm

  US: UoM Consumer Sentiment Index Falls In February

  

  According to the University of Michigan’s preliminary February Consumer survey, the Consumer Sentiment Index fell to 61.7 in February, well below expectations for a slight rise to 67.5 from 67.2 in January. That marked the lowest such reading since October 2011. The Current Conditions Index fell to 68.5 from 72.0 …

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• 11 February 2022 5:32 pm

  Central Bank of Russia Hikes Policy Rate by 100 bps to 9.5%

  

  The Central Bank of Russia announced on Friday that it raised its policy rate by 100 basis points to 9.5% from 8.5%. This decision came in line with the market expectation. “Key rate decisions will be made taking into account actual and expected inflation movements relative to the target and economic developments over the forecast horizon as well …

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• 11 February 2022 3:40 pm

  Betting on Raising Interest Rates Supports The Dollar

  

  The dollar rose to an eight-day high on Friday after US inflation rose to a 40-year high and statements from a Federal Reserve official launched a wave of bets on a major hike in US interest rates. At the same time, the euro, which rose last week, is heading for …

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• 11 February 2022 2:42 pm

  Oil Prices Fall Amid Fears of US Inflation

  

  Oil prices fell on Friday as rising inflation in the United States stoked fears of a major interest rate hike as investors awaited the outcome of nuclear talks between the United States and Iran that could increase the global supply of crude. Brent crude futures were down 58 cents, or …

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• 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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