Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 18 February 2022 10:16 pm

  Russian Economy Grows 4.7% in 2021, Quickest Pace Since 2008

  

  The economy of the world’s top energy exporter grew the most in more than a decade in 2021, rebounding from a pandemic-related recession the year before as oil prices jumped and consumer spending grew. Russian gross domestic product rose 4.7% last year, the fastest since 2008, according to the Federal …

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• 18 February 2022 9:25 pm

  Fed’s Williams: Inflation is way too high right now

  

  NY Fed President, influential FOMC member John Williams said on Friday that inflation is way too high right now, but there are some reasons for optimism that it will come down, according to Reuters. Additional Quotes:“Businesses that rely on people commuting to work in the office are seeing a slower …

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• 18 February 2022 7:35 pm

  Eurozone Consumer Confidence falls Below expectations

  

  According to the flash estimate of the European Commission’s Eurozone Consumer Confidence survey, the headline index fell to -8.8 in February versus forecasts for a slight rise to -8.0 from -8.5 the month prior of January. The euro did not see any reaction to the slightly weaker than expected Eurozone …

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• 18 February 2022 7:26 pm

  US Existing Home Sales Unexpectedly Rise In January

  

  US Existing Home sales rose sharply according to data published by the National Association of Realtors on Friday. That took the 12-month rolling number of sales higher to 6.50M from 6.09M in December, above the expected 6.10M. The median price of homes sold was $350.3K, up 15.4% YoY. Home sales …

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• 18 February 2022 7:16 pm

  USD/JPY retreats from daily highs

  

  The USD/JPY is losing 0.23% amid a mixed-market mood in the week. The DXY approaches the 96.00 figure despite increasing tensions in Ukraine. Fed’s Bullard and Mester favor hiking rates at a faster pace.The USD/JPY pair reversed the curse as the weekend approached amid a mixed market sentiment, driven by …

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• 18 February 2022 5:27 pm

  Safe Haven Currencies Fall on Hopes Over Ukraine Crisis

  

  The safe-haven Japanese yen weakened on Friday, and risk-sensitive currencies such as the Australian dollar rose as investors took comfort from a plan for talks between the United States and Russia on the crisis in Ukraine. The Euro rose as the dollar weakened. The yen and the Swiss franc, a …

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• 18 February 2022 4:22 pm

  The Dollar is Falling For a Second Day as Investor Concerns About The Situation in Ukraine Recede

  

  The dollar fell on Wednesday for the second day in a row as investors eased concern about the possibility of Russia’s invasion of Ukraine and awaited the minutes of the Federal Reserve (US Central Bank) meeting for January. Movements were small in the currency markets, and the dollar index was …

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• 18 February 2022 3:30 pm

  Oil is on Track For a Weekly Loss on Hopes That Iran’s Exports Will Rise

  

  Oil prices extended losses on Friday and headed for a weekly decline as the prospect of an increase in Iranian oil exports outweighed fears of possible supply disruptions from the Russia-Ukraine crisis. Brent crude futures fell $2.44, or 2.6 percent, to $90.53 a barrel, after ending trading on Thursday, down …

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• 18 February 2022 2:21 pm

  European Shares Rise Supported by Earnings

  

  European shares rose on Friday, boosted by solid earnings results for companies and the prospect of de-escalation of tension between Washington and Moscow over the Ukraine crisis. The pan-European Stoxx 600 index rose 0.2 percent, as gains in auto and mining stocks outpaced losses in the technology sector. Renault shares …

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• 18 February 2022 1:14 pm

  Nikkei Reports Small Losses as Fears of Imminent Conflict in Ukraine

  

  The Nikkei extended its losses on Friday after investors took some reassurance from the news that US Secretary of State Anthony Blinken and his Russian counterpart Sergei Lavrov will meet next week, indicating that a Russian invasion of Ukraine is not imminent. The Nikkei ended Friday down 0.41 percent to …

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• 18 February 2022 12:38 pm

  UK Retail Sales Rebound Sharply in January

  

  The UK retail sales came in at 1.9% over the month in January vs. 1.0% expected and -4.0% prior. The core retail sales, excluding the auto motor fuel sales, stood at 1.7% MoM vs. 1.2% expected and -3.9% previous. On an annualized basis, the UK retail sales jumped by 9.1% …

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• 18 February 2022 12:02 pm

  Canada Approves Novavax’s COVID-19 Vaccine For Adults

  

  On Thursday, the Canadian Ministry of Health decided to use the Novavax vaccine for the Coronavirus in adults 18 years of age or older. The Ministry of Health in Canada has made it clear that the list of approved Corona vaccines has been updated with the (Pfizer – Novavax – …

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• 18 February 2022 2:40 am

  Market Drivers – US Session – 17 Feb.

  

  Thursday’s asset trading closed largely negatively with a significant decline in risk appetite because tensions in Eastern Europe that have come back to the news headlines.Risk assets, first and foremost stocks and the euro, declined as yields of US Treasury bonds fell in favour of higher safe haven assets, most …

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