Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 15 February 2023 7:43 pm

  Gold Abandons 2023 Gains On US Recession-Linked Fears

  

  Gold prices dropped to new 6-week lows on Wednesday, erasing almost the last of 2023’s previous 7.2% gains against the Dollar as the US currency rose and New York’s stock markets retreated with bond prices in the face of rising interest-rate expectations across developed-world economies. Dipping as low as $1832 …

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• 15 February 2023 6:26 pm

  Australian Employment Preview: Forecasts by major banks

  

  Australia is set to report its January employment figures on Thursday, February 16 at 00:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers at five major banks regarding the upcoming employment data. Australia is expected to have added 20K jobs vs. …

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• 15 February 2023 6:18 pm

  US: Retail Sales rise by 3% in January vs. 1.8% expected

  

  Retail Sales in the United States rose by 3% to $697 billion in January, the US Census Bureau reported on Wednesday. This reading followed December’s decrease of 1.1% and came in better than the market expectation for an increase of 1.8%. Retail Sales ex-Autos expanded by 2.3% in the same …

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• 15 February 2023 5:33 pm

  Britain and European allies send military equipment to Ukraine

  

  Britain announced on Wednesday that it and other European countries will provide Ukraine with military equipment, including spare parts for tanks and ammunition for artillery. The British Ministry of Defense said Britain had agreed with the Netherlands, Norway, Sweden, Denmark, Iceland and Lithuania to send an initial support package to …

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• 15 February 2023 5:27 pm

  US Dollar rose after US inflation data and firm statements from the Federal Reserve

  

  The dollar rose on Wednesday following data showing rising inflation in the United States and firm statements on interest rates from Federal Reserve officials. U.S. consumer price inflation accelerated month-on-month in January and rose 0.5 percent, as expected. This is due, among other things, to the high costs of rent …

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• 15 February 2023 4:52 pm

  China ponders downgrading Covid status

  

  China said today that US high altitude balloons flew over its Xinjiang and Tibet regions, and it will take measures against US entities that undermine Chinese sovereignty as a diplomatic dispute festered. China said earlier this week that US balloons had flown over its airspace without permission more than 10 …

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• 15 February 2023 4:18 pm

  Glencore announces £5.8bn payout to shareholders after record profit

  

  Glencore has announced a £5.8bn ($7.1bn) payout to shareholders after posting “record profits” in its full-year 2022 results, powered by its coal and trading divisions. Revenue for the Swiss-based mining multinational came in at $255.9bn in 2022, a surge of 26% from the previous year. The miner will now hand …

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• 15 February 2023 2:57 pm

  Barclays shares tumble 9% as profit disappoints

  

  Barclays reported a 14% fall in full-year pretax profit on Wednesday as earnings were poleaxed by surging costs, a collapse in deal fees and multi-million dollar fines relating to an administrative blunder. Earnings fell short of expectations and came as rising interest rates should be boosting returns, sending shares in …

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• 15 February 2023 2:52 pm

  European shares opened lower, with shares of Barclays and Craing falling

  

  European stocks opened lower on Wednesday, with British bank Barclays falling after it reported disappointing earnings and French luxury group Kering falling after revenue from its Gucci brand slumped. The Stoxx Europe 600 index fell 0.3 percent, while Barclays fell 8.1 percent to the bottom of the index. The banking …

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• 15 February 2023 12:51 pm

  Nikkei index is falling with the decline in US stock futures

  

  The Nikkei fell on Wednesday, tracking lower US stock futures as investors digested hawkish rhetoric from the Federal Reserve (Central Bank of America) after the US inflation report. A jump in US bond yields overnight contributed to the rise in Japanese bank stocks, but hurt real estate stocks. The Nikkei …

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• 15 February 2023 11:02 am

  Oil falls after data indicated a jump in US crude stocks

  

  Oil prices fell in early Asian trade on Wednesday, after falling more than $1 a barrel in the previous session, as industry data pointed to a much larger-than-expected build in US crude inventories. Brent crude futures fell 20 cents to $85.38 a barrel by 0111 GMT, while US West Texas …

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• 15 February 2023 10:40 am

  Gold fell amid concerns after US inflation data

  

  Gold prices fell on Wednesday with the rise of the dollar after data showed that inflation rose in the United States last month at the slowest pace since late 2021, which increased investor concerns about the Federal Reserve (US Central Bank) continuing to tighten monetary policy. Spot gold prices fell …

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• 15 February 2023 5:34 am

  Market Drivers – US Session, Assets React To Tuesday’s CPI

  

  Almost all financial markets traded with an optimistic yet cautious mode throughout the first half of the day, as investors awaited the release of US inflation figures. Economic DataThe United States Consumer Price Index rose at an annualized pace of 6.4% in January, better than the previous 6.5% but missing …

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