Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 9 February 2022 8:56 pm

  ECB’s Schnable: Rate hikes wouldn’t lower energy prices

  

  Isabel Schnabel, member of the Executive Board of the European Central Bank (ECB), mentioned during a Twitter session of Q&A that rising interest rates would not lower energy prices. She added that if current inflation “threatens to lead to a de-anchoring of inflation expectations, we may still need to respond”. …

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• 9 February 2022 7:30 pm

  USD/TRY Maintains Dull Price Action

  

  USD/TRY navigates a narrow range around the usual 13.50/60 band on Wednesday. The pair remains sidelined around the familiar 13.50/60 territory for an additional session, extending the muted price action that kicked in in mid-January.The Turkish lira appears vigilant and follows the recent developments from a series of meetings between …

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• 9 February 2022 7:08 pm

  AUD/USD Steadily Climbs Ahead Of US Inflation Report

  

  The AUD/USD has printed gains for the third successive day, so far up 1.5% in the week as market players prepare for Thursday’s US inflation figures. At the time of writing, the AUD/USD is trading at 0.7185.Wednesday’s economic docket is light, except for Fed speakers Michelle Bowman and Loretta Mester, …

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• 9 February 2022 6:35 pm

  Market Drivers – European Session 9-2-2022

  

  Oil prices stabilized at around $90 a barrel on Wednesday, but the prospect of increased supplies from Iran and the United States kept prices under pressure. Brent crude futures fell 36 cents, or 0.4 percent, to $90.42 a barrel by 1150 GMT. West Texas Intermediate crude fell 43 cents, or …

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• 9 February 2022 5:15 pm

  Robust Imports Boost U.S. Trade Deficit to Record High

  

  The US trade deficit widened in December as imports soared, hitting the largest-ever level in all of 2021. The Commerce Department said on Tuesday that the trade deficit rose 1.8 percent to $80.7 billion in December. November’s data was revised down to $79.3 billion, instead of $80.2 billion in the …

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• 9 February 2022 3:31 pm

  Gold Locked in a Narrow Range as Investors Await Inflation Data

  

  Gold prices were little changed on Wednesday as falling US Treasury yields ahead of the widely expected strong inflation data kept gold investors on the lookout. And the price of gold in spot transactions rose 0.1 percent to $ 1827.20 an ounce, and US futures settled at $ 1828.40. Analysts …

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• 9 February 2022 2:48 pm

  The Euro Stabilizes And The Dollar Stabilizes Ahead of Inflation Data

  

  The price of the euro settled on Wednesday, at a level below its highest level in three weeks after Christine Lagarde, President of the European Central Bank played down the possibility of a significant rate hike. The dollar stabilized a day before the US consumer price index data, which may …

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• 9 February 2022 2:16 pm

  Lyft’s Fourth-Quarter Results Better Than Expected

  

  Lyft reported fourth-quarter results that beat estimates for adjusted earnings per share and revenue, but said it had fewer active passengers than the previous quarter. Shares fell more than 6% in after-hours trading after executives said the Omicron virus variant will affect first-quarter numbers. Earnings per share were adjusted 9 …

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• 9 February 2022 1:24 pm

  Gold Nears Two-Week High Ahead of US Inflation Data

  

  Gold prices headed during trading, today, Wednesday, near the highest level in two weeks during the previous session, before the release of inflation data in the United States, which is expected to come in strong this week, despite the fact that the rise in US Treasury bond yields prompted investors …

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• 9 February 2022 1:00 pm

  Japan Shares Close Higher on Wall Street’s Footsteps

  

  Japanese stocks closed higher on Wednesday after a rally led by the technology sector overnight on Wall Street, as investors bought shares of companies that reported strong results with sentiment rising further thanks to the approaching earnings season. The Nikkei index advanced 1.08 percent to close at 27,579.87 points, while …

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• 9 February 2022 4:33 am

  Stock Futures Gain With More Big Earnings Ahead

  

  US stock futures rose slightly in overnight trading on Tuesday as investors prepare for another round of corporate earnings. Dow futures rose about 70 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.27%.Chipotle rose more than 7% in after-hours trading on the back of its strong earnings, …

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• 9 February 2022 4:26 am

  Market Drivers – US Session – 8 February

  

  As the US inflation data is expected to show that prices rose by 0.4% in January, for a 7.2% gain from one year ago, major currency pairs continue lacking certain direction and struggle to maintain their strength.The global financial markets closed in the American session with the surge of the …

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• 9 February 2022 3:47 am

  EUR/USD Remains Defensive On Stronger Treasury Yields

  

  The EUR/USD pair holds lower ground near 1.1415 during a quiet Asian session opening on Wednesday, after stepping back from a three-month high in the last two days.The pair’s latest weakness could be linked to the higher US Treasury yields and downbeat comments from the European Central Bank (ECB) policymakers.The …

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