Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 14 February 2023 5:56 pm

  OPEC expects an increase in global oil demand by 2.32 million b/d in 2023

  

  The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report on Tuesday that global oil demand will rise this year by 2.32 million barrels per day, or 2.3 percent. And increased expectations by one hundred thousand barrels per day compared to the expectations of the organization last …

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• 14 February 2023 4:27 pm

  Japan appoints academic Ueda as new governor of the central bank

  

  The Japanese government said it has appointed academic Kazuo Ueda as the next central bank governor, in a surprise choice that could boost chances of ending its unpopular yield control policy. Ueda, 71, a former board member of the Bank of Japan, will succeed Haruhiko Kuroda, whose second five-year term …

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• 14 February 2023 3:47 pm

  US Dollar is falling ahead of the announcement of US inflation data

  

  The dollar fell on Tuesday ahead of the release of highly anticipated US inflation data, while the yen rose on the surprise selection of the new governor of the Bank of Japan, Kazuo Ueda. The British Pound rose after UK jobs data showed basic wage growth accelerating, but the labor …

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• 14 February 2023 2:50 pm

  US CPI Preview: Forecasts from four major banks

  

  The US Bureau of Labor Statistics will release the Consumer Price Index (CPI) figures for January on Tuesday, February 14 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 12 major banks regarding the upcoming US inflation …

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• 14 February 2023 2:20 pm

  European shares opened higher, supported by gains in the travel sector

  

  European stocks opened higher on Tuesday, supported by gains in the travel sector, after TUI Tourism Group expected a recovery in the travel sector for the next summer season. The pan-European Stoxx 600 index was up 0.3 percent by 0812 GMT. European travel and leisure stocks rose 0.6 percent. Germany-listed …

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• 14 February 2023 2:15 pm

  UK ILO Unemployment Rate holds steady at 3.7% in December

  

  According to the latest data released by the Office for National Statistics (ONS) on Tuesday, the UK’s ILO Unemployment Rate remained unchanged at 3.7% in December vs. the 3.7% expected while the claimant count change showed a decline in the reported month. The number of people claiming jobless benefits fell …

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• 14 February 2023 1:11 pm

  Gold prices rose ahead of the release of US inflation data

  

  Gold prices rose on Tuesday as the dollar weakened as investors awaited US inflation data that could determine the next steps for the Federal Reserve’s monetary policy. Spot gold rose 0.5 percent to $1,861.93 an ounce by 0645 GMT, after falling to its lowest since early January in the previous …

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• 14 February 2023 11:54 am

  SolarEdge Technologies Inc earnings beat by $1.32, revenue topped estimates

  

  SolarEdge Technologies Inc reported fourth quarter EPS of $2.86, $1.32 better than the analyst estimate of $1.54. Revenue for the quarter came in at $890.7M versus the consensus estimate of $878.94M. Fourth Quarter 2022 Highlights Record revenues of $890.7 millionRecord revenues from solar segment of $837.0 millionGAAP gross margin of …

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• 14 February 2023 11:35 am

  Gold is falling as US inflation data approaches

  

  Gold prices fell on Monday as investors prepared for January consumer price index data in the United States that could move the Federal Reserve’s interest rate strategy. Spot gold fell 0.5 percent to $1,854.79 an ounce by 1842 GMT, while US gold futures fell 0.6 percent, to settle at $1,863.50. …

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• 14 February 2023 10:30 am

  Nikkei rises, tracking Wall Street ahead of US inflation data

  

  Japan’s Nikkei rose on Tuesday after Wall Street’s rally overnight, as investors take positions ahead of key US inflation data later in the day that could determine the direction of the Federal Reserve’s monetary policy. The Japanese government nominated Kazuo Ueda for the post of Governor of the Bank of …

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• 14 February 2023 4:57 am

  Market Drivers – US Session 13/02/2023

  

  US-Sino tensions appear to relatively weigh on the market sentiment with the beginning of the trading week. The US dollar is making the most out of it. However, a better market sentiment during European trading hours pushed the dollar into the red territory.Economic DataThe absence of economic data, on Monday, …

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• 14 February 2023 3:28 am

  GBP/USD closer to 1.2150 ahead of UK employment, CPI data

  

  On Monday, with the beginning of the new trading week, the GBP/USD pair edges higher after posting the biggest daily jump in a month. Optimism surrounding an end to the UK’s labour strike is leaving a positive fingerprint on the Sterling in addition to the US dollar’s pullback which contributes …

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• 14 February 2023 12:54 am

  Gold Pressured Ahead of US Inflation data

  

  Gold price is still pressured around the lowest levels in five weeks. Markets preparations for United States Consumer Price Index for January weigh on the Gold Index amid apparently hawkish remarks by Fed policymakers and gtold price naturally reacts to this hawkish language. Gold price is able to resists and …

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