Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 16 February 2022 5:13 pm

  Gold Rises as Investors Await The Release of The Minutes of The US Central Bank Meeting

  

  Gold prices rose on Wednesday after falling in the previous session with the yellow metal retaining its allure as a hedge against inflation ahead of the release of the minutes of the Federal Reserve meeting later on Wednesday. Spot gold rose 0.1 percent to $1,854.97 an ounce by 1030 GMT. …

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• 16 February 2022 3:59 pm

  IEA’s Birol Again Urges OPEC+ to Narrow Their Oil Production Gap

  

  International Energy Agency Director Fatih Birol said on Wednesday that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the cartel is known as OPEC+, must narrow the gap between their production targets and actual production. “There is a significant difference between the targets that OPEC+ countries set …

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• 16 February 2022 3:50 pm

  European Shares Rise With Focus on Ukraine

  

  European shares posted cautious gains on Wednesday, buoyed by hopes of easing tensions between Russia and Ukraine, although the rise of Britain’s blue-chip index remained limited by accelerating inflation. The pan-European STOXX 600 index rose 0.2 percent by 0810 GMT, after rising 1.4 percent in the previous session, when Russia …

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• 16 February 2022 3:29 pm

  Oil Recovers Losses as Tensions Over Ukraine Persist

  

  Oil prices recouped some of their losses Wednesday, February 16, as investors evaluated conflicting statements about a possible withdrawal of some Russian troops from Ukraine’s borders, amid global supply shortfalls and rebounding fuel demand. Brent crude was traded at $93.86 a barrel at 10:00 GMT, up 62 cents, or 0.6%, …

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• 16 February 2022 2:25 pm

  Euro Area Industrial Production Rises by 1.2% in December

  

  Industrial Production in the euro area increased by 1.2% on a monthly basis in December, Eurostat reported on Wednesday. This reading followed November’s expansion of 2.4% but surpassed the market expectation of 0.3%. In the EU, Industrial Production was up 0.7%. On a yearly basis, Industrial Production in the euro …

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• 16 February 2022 1:28 pm

  Canadian CPI Preview: Forecasts From Three Major Banks

  

  Statistics Canada will release January Consumer Price Index (CPI) data on Wednesday, February 16 at 13:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of three major banks regarding the upcoming Canadian inflation data. NBF “While we expect strong print …

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• 16 February 2022 1:10 pm

  UK Annualized Inflation Surges to 5.5%

  

  The UK Consumer Prices Index (CPI) 12-month rate came in at 5.5% in January when compared to +5.4% registered in December while beating expectations of a +5.4% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) rose …

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• 16 February 2022 1:08 pm

  Japan Stocks Rise, Technology Sector Leads Gains

  

  Japanese shares rallied on Wednesday after losses for two consecutive sessions, and the technology sector led the gains, tracking its US counterpart after signs of easing tensions between Russia and Ukraine pushed Wall Street to a sharp rise. The Nikkei index jumped 2.2 percent to close at 27,460.40 points, while …

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• 16 February 2022 5:11 am

  Market Drivers – US Session – 15 February

  

  The market mood improved on Tuesday as market players rushed to price in a de-escalation of the Russia-Ukraine tensions after the Russian Minister of Defense announced that some of the troops at the border would return to their bases.Nevertheless, comments from Russian President Vladimir Putin released during the American afternoon …

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• 16 February 2022 4:14 am

  Oil Retreats From Fresh Highs On Russia’s Troop Withdrawal

  

  Oil tumbled over 3% on Tuesday, retreating from a seven-year high after Russia said some of its military units were returning to their bases following exercises near Ukraine, a move that appeared to de-escalate tension between Moscow and the West.It was not clear how many units were being withdrawn, and …

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• 16 February 2022 3:56 am

  Japan Manufacturers’ Mood Sinks In February

  

  As per the latest Reuters Tankan poll, published early Wednesday morning in Asia, “Japanese manufacturers’ business confidence fell to an 11-month low in February as measures to contain the pandemic and high raw material costs hurt sentiment”, while USD/JPY remains sidelined around 115.60, after mildly positive performances in the last …

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• 16 February 2022 3:49 am

  US Dollar index eases as investors digest news on Ukraine’s crisis

  

  The US dollar was down slightly on Tuesday as investors absorbed the latest news on the Russia-Ukraine standoff, with the dollar index briefly paring some of its losses late in the day after President Joe Biden said that a Russian attack on Ukraine remains a possibility.Biden, in nationally televised remarks, …

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• 16 February 2022 3:33 am

  Russia-Ukraine Crisis Could Push Inflation Up To 10%

  

  The cost of living has already become very high in America. The Russia-Ukraine crisis could even make it worse and worse. Oil prices have jumped above $90 a barrel in recent weeks as the risk of a Russian invasion has increased.If the Russia-Ukraine crisis drives oil to about $110 a …

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