Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 28 February 2023 11:07 am

  Elon Musk is assembling a team to develop a competitor to ChatGPT

  

  A report by The Information on Monday quoted people familiar with the matter as saying that Elon Musk has approached AI researchers in recent weeks about setting up a new research lab to develop an alternative to OpenAI’s ChatGPT. The report stated that Musk, the head of Tesla and Twitter, …

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• 28 February 2023 10:26 am

  Russia’s natural gas production fell 10.7% year-on-year in January

  

  Statistics of the Russian Ministry of Energy showed, on Tuesday, February 28, that Russia’s natural gas production decreased in January by 10.7% on an annual basis, to 62.7 billion cubic meters. Russian press sources indicated that the largest part of the decline was the share of Gazprom, which has about …

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• 28 February 2023 4:01 am

  Market Drivers – US Session 26/02/2023

  

  The US dollar began the new trading week extending positive performance although demand for the US currency diminished ahead of the US session’s opening, following a mixed United States Durable Goods Orders report. Later on the day, the dollar Index fell 0.52% to 104.725, reversing gains from last Friday driven …

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• 28 February 2023 3:35 am

  US Dollar retreats amid higher stocks, lower T-yields, easing EU energy crisis

  

  The dollar index fell by -0.50% on Monday back from a 1-1/2 month high and posted moderate losses. Lower Treasury yields weighed on the dollar. Meanwhile, the Wall Street rally was a significant factor that reduced the liquidity demand for the dollar. US economic news was mixed for the dollar. …

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• 28 February 2023 1:47 am

  Washington to ease limits on US investments in China

  

  According to expectations, US President Joe Biden will consider the suspension of extensive limits on US investment in China that have been proposed by some hawks in his administration and Congress. According to Politico, White House negotiations have been taking place as US President Biden scales back plans for an …

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• 28 February 2023 12:51 am

  US stocks rally, but could face earnings pressure

  

  American equities rose sharply on Monday as investors sought to recoup some of their losses following Wall Street’s worst week of the year. Investors anticipate another strong week for retail profits.33 points, or 0.1%, were added to the Dow Jones Industrial Average. The Nasdaq Composite increased by 0.6% and the …

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• 27 February 2023 11:26 pm

  What is the Shanghai hard fork of Ethereum?

  

  The Shanghai hard fork of Ethereum, scheduled for March, will handle developer costs and tokens staked in the ETH 2.0 deposit contract. On February 28, the Shapella hard fork, which combines the execution and consensus layer forks of Shanghai and Capella, will go live on the Sepolia testnet.After the Merge …

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• 27 February 2023 11:00 pm

  AUD/USD climbs to 0.6730s on mixed US data

  

  On the first day of the new trading week, the AUD/USD capped its downfall on risk-on sentiment and mixed US data. The AUD/USD pair is trimming some of its earlier losses though it remains below the 0.6800 figure after posting a daily high of 0.6743 as the week begins. Gloomy …

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• 27 February 2023 9:11 pm

  UK, EU leaders praise ‘extraordinary’ deal on NI Protocol

  

  In a joint press conference with European Commission President Ursula von der Leyen on Monday, British Prime Minister Rishi Sunak that they have amended the original Northern Ireland Protocol deal and agreed a new “Windsor framework.” The GBP/USD edged slightly lower from daily highs with the initial reaction to this …

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• 27 February 2023 7:59 pm

  Canadian GDP Preview: Forecasts from six major banks, economy cooling

  

  Canada will release the Q4 Gross Domestic Product data on Tuesday, February 28 at 13:30 GMT as the release time is looming, forecasts from economists and researchers of six major banks regarding the upcoming growth data. Canadian growth is expected at 1.5% seasonally adjusted at an annualized rate (SAAR) in …

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• 27 February 2023 7:29 pm

  What altcoins benefit most from Shanghai upgrade?

  

  Shanghai upgrade that will come in force as of Monday, February 28, is expected to make withdrawals of the staked Ethereum possible but on a test network. Ethereum is trading at 1660.20 at the time of writing versus the previous closing price at 1642.20.Some altcoins that could rally as a …

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• 27 February 2023 6:02 pm

  U.S. pending home sales post largest gain in 2-1/2 years in January

  

  Contracts to buy U.S. previously owned homes rose by the most in more than 2-1/2 years in January, but a resurgence in mortgage rates could delay a much-awaited housing market turnaround. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, jumped …

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• 27 February 2023 5:20 pm

  U.S. core capital goods orders accelerate in January

  

   New orders for key U.S.-manufactured capital goods increased more than expected in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending …

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