Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 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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• 27 February 2023 4:46 pm

  UK, EU leaders to meet on Monday to finalise N. Ireland deal

  

  British Prime Minister Rishi Sunak is expected to announce a new deal on post-Brexit trade rules for Northern Ireland on Monday, gambling that the reward of better ties with the European Union is worth the discord it might cause within his own party. In power for only four months, Sunak …

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• 27 February 2023 3:20 pm

  Toyota production up 9% in January, chip pain still lingers

  

  Toyota Motor Corp boosted global vehicle production by 9% in January, it said on Monday, its first increase in two months even as the carmaker continued to feel the strain from global chip shortages. The company, which is the world’s largest automaker by volume, and other car manufacturers are still …

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• 27 February 2023 2:19 pm

  European shares opened higher, supported by a jump in the retail sector

  

  European stocks opened higher on Monday, supported by a jump in retail stocks after posting their worst weekly performance this year due to fears that interest rate hikes will continue for a longer period in the United States and the eurozone. The pan-European Stoxx 600 index was up 0.8% by …

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• 27 February 2023 2:14 pm

  Slight decline in confidence in the Turkish economy in February

  

  Data from the Turkish Statistical Institute showed on Monday that the economic confidence index fell by 0.3 percent on a monthly basis in February to 99.1 points, after violent earthquakes devastated the southern region of the country. The index, which indicates an optimistic outlook when its reading exceeds the 100 …

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• 27 February 2023 1:09 pm

  US Dollar near the highest level in 7 weeks

  

  The dollar settled near its highest level in seven weeks on Monday, after a batch of US economic data supported expectations that the Federal Reserve should continue raising interest rates for a longer period. Data on Friday showed a sharp rise in US consumer spending in January as inflation accelerated. …

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