Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 13 February 2023 6:53 pm

  Gold retreats to 5-week lows around $1850

  

  Gold has dived to five-week lows at around $1850 with the beginning of the new trading week as bears eye the 100-DMA beneath $1820.Market participants are eyeing Tuesday’s US CPI data, which could reaffirm the disinflation process has already started. A daily close below $1850 would pave the way toward …

  Read More »
• 13 February 2023 5:57 pm

  Russian fuel exports fell by 10% between February 1 and 12

  

  Russia’s seaborne oil product exports fell about 10 percent between February 1 and 12 compared to the same period in January, traders said, as a result of EU sanctions, a lack of available tankers and storm closures of ports, the Refinitiv data showed. The European Union imposed a price ceiling …

  Read More »
• 13 February 2023 4:23 pm

  Ukraine’s grain exports declined by 28.7% in 2022/23

  

  Ukraine’s Ministry of Agriculture data showed on Monday that Ukraine’s grain exports in the 2022/23 season, which continues until June, fell by 28.7 percent to 29.2 million tons so far, due to a poor harvest and logistical difficulties caused by the Russian invasion. The exports included about 10.4 million tons …

  Read More »
• 13 February 2023 1:54 pm

  European stocks open higher and real estate stocks decline

  

  European stocks opened higher on Monday ahead of US inflation data due on Tuesday, while real estate stocks fell on disappointing quarterly earnings from Sweden’s Castellum. The Stoxx Europe 600 index rose 0.2 percent, after posting its first weekly decline in three weeks on Friday. Stockholm-listed Castellum fell 5.8 percent …

  Read More »
• 13 February 2023 12:39 pm

  Nikkei closed lower as technology stocks declined

  

  The Japanese Nikkei index closed lower on Monday, as heavyweight technology stocks tracked the decline in the US Nasdaq index in the last session, while investor sentiment was affected by some companies announcing bleak earnings forecasts. The Nikkei index fell 0.88 percent to close at 27,427.32 points, after falling to …

  Read More »
• 13 February 2023 12:05 pm

  Gold prices stabilize ahead of US inflation data

  

  Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve’s plans for the future of interest rates. Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose …

  Read More »
• 13 February 2023 11:10 am

  US Dollar is approaching a 5-week high

  

  The dollar rose near a five-week high against the other major currencies on Monday, as investors increased their bets that the Federal Reserve will continue to tighten monetary policy for a longer period while they await the US consumer price report due on Tuesday. The yen fell amid expectations that …

  Read More »
• 13 February 2023 10:42 am

  Oil prices fell amid demand concerns

  

  Oil prices fell on Monday after rising 2% in the regular session with shareholders regarding the impact of supply on the rise and rise again. Production prices rose in March by 500,000 barrels per day, or about five percent of production, production, production, production Brent crude futures were up 69 …

  Read More »
• 13 February 2023 5:49 am

  Financial Markets’ Weekly Recap: February 6 – 10

  

  Financial markets ended the trading week with cautious optimism following apparent uncertainty and concerns about the US central bank’s next moves regarding interest rate hikes and the Fed’s monetary policy. Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to …

  Read More »
• 11 February 2023 3:41 am

  Market Drivers – US Session 10/02/2023

  

  Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …

  Read More »
• 11 February 2023 3:26 am

  What could US CPI figures bring about for EUR/USD?

  

  The United States awaits January’s Consumer Price Index next Tuesday. Eurozone’s GDP could be crucial for the Euro. The EUR/USD pair fell for a second consecutive week, further retreating from the 1.1000 region to settle around the 1.0700 figure. At the time of writing, the pair is trading at 1.0676; …

  Read More »
• 11 February 2023 2:19 am

  Crude oil rises over 2% on Russian plan to cut output

  

  Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …

  Read More »
• 11 February 2023 1:25 am

  Does Cantor Fitzgerald manage over half of Tether’s reserves?

  

  Wall Street brokerage Cantor Fitzgerald has been supervising Tether Holdings’ $39B Treasury bond portfolio according to the Wall Street Journal. Hong Kong-based Tether is the issuer of stablecoin tether (USDT-USD), the world’s most traded digital token with a market cap of $68.2B.The news followed Tether’s attestation report Thursday showing its …

  Read More »