Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 27 February 2023 8:31 am

  Fed’s Jefferson: Lower inflation without job market disruption possible

  

  Fed’s Philip Jefferson said on Monday that it is possible for inflation to decline without an unnecessary amount of disruption in the job market, as reported by Reuters.The US Dollar stays under modest bearish pressure following these comments and the US Dollar Index was last seen losing 0.35% on a …

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• 27 February 2023 3:38 am

  Financial Markets’ Weekly Recap, Feb 20-24

  

  Risky assets retreated following Friday’s inflation report, with bitcoin losing about $762.36 to trade below $23,190.00, within a few dollars of its lowest level of this week. Nasdaq 100 futures were down 1.9%, and S&P 500 futures are lower by 1.4%. The January PCE Price Index unexpectedly rose to 5.4% …

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• 25 February 2023 5:41 am

  Market Drivers – US Session 24/02/2023

  

  The dollar index on Friday surged by +0.55% and posted a 1-1/2 month high.  Higher Treasury yields boosted the American currency with the prospects for continued hawkish Fed after Friday’s stronger-than-expected US economic data. The dollar also found support on hawkish comments by Fed officials. ECB’s Nagel said with core …

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• 25 February 2023 4:05 am

  Crude oil higher in daily trading, flat for the week

  

  Oil edged higher in the volatile US trading session on Friday. For the week, oil is flat as crude prices are boosted by expectations of lower Russian exports. WTI is seemingly pressured by rising US inventories as well as concerns over global economic activity.Brent crude futures earlier traded at $83.16 …

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• 24 February 2023 11:20 pm

  Fed’s Bullard: Soft landing is feasible in the US

  

  “Markets have taken on board probabilities around a changed fiscal stance as well as the more aggressive Fed and expect inflation to come under control in quarters and years ahead,” St. Louis Federal Reserve President James Bullard said on Friday.Bullard’s comments don’t seem to be having a significant impact on …

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• 24 February 2023 10:15 pm

  Research paper: Fed won’t tame inflation without more hikes

  

  The Fed will unlikely bring down inflation without having to raise interest rates ‘significantly’ higher, causing a recession, according to a research paper released on Friday.Former Fed Governor Frederic Mishkin is one of the authors of the white paper that examines the history of central bank efforts to create disinflation. …

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• 24 February 2023 9:25 pm

  US inflation data sharply drags Bitcoin lower

  

  Risky assets fell following Friday’s inflation report, with bitcoin losing about $762.36 to trade below $23,190.00, within a few dollars of its lowest level of this week. Nasdaq 100 futures were down 1.9%, and S&P 500 futures are lower by 1.4%.The January PCE Price Index unexpectedly rose to 5.4% on …

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• 24 February 2023 8:41 pm

  Dow drops on fresh US inflation data

  

  US stocks sharply dropped on Friday following the Federal Reserve’s favourite inflation gauge showing a stronger-than-expected increase in prices last month.The Dow Jones Industrial Average fell by 390 points, or 1.2%. The S&P 500 and Nasdaq Composite retreated 1.6% and 2.0%, respectively. The Dow fell as much as 510 points, …

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• 24 February 2023 7:38 pm

  US data has subjected gold to fresh pressure

  

  The US dollar and yields rise further after Friday’s US economic data. US Core PCE rose above expectations in January. Gold reacted by hitting fresh weekly lows near $1,810. Gold prices dropped further after the beginning of the US trading session amid a stronger US dollar and higher Treasury bond …

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• 24 February 2023 5:37 pm

  Warner Bros Discovery falls as results trail estimates

  

  Shares of Warner Bros Discovery are trading over 3% lower in pre-market Friday after the entertainment company reported worse-than-expected results for its fourth quarter. WBD posted a loss per share of $0.86 on revenue of $11.01 billion. Analysts were expecting a loss per share of $0.29 on sales of $11.23B. The parent …

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• 24 February 2023 4:41 pm

  Reuters: U.S., China to hold deputy-level bilateral talks on debt

  

  The United States and China will hold deputy-level talks between their finance officials on Friday to discuss debt and other issues on the sidelines of a G20 finance meet in India, two sources familiar with the matter told Reuters. U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting …

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• 24 February 2023 3:48 pm

  UK issues export bans on every item used by Russia in war

  

   Britain marked the one-year anniversary of the invasion of Ukraine by issuing more sanctions against Russia, including export bans on every item it has used on the battlefield and import bans of iron and steel goods. Britain has frozen assets and targeted a wave of Russian officials and companies in …

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• 24 February 2023 2:55 pm

  A slight decline in gold due to concerns about rates

  

  Gold prices fell slightly on Friday as investors worried that stronger-than-expected recent US economic data could prompt the Federal Reserve to continue raising interest rates for a longer period. Spot gold fell 0.1 percent to $1,821.80 an ounce, by 0745 GMT. While US gold futures rose 0.2 percent to $1,831.00. …

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