Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 10 February 2023 1:38 pm

  Heavy snow in Japan disrupts flights and trains and closes roads

  

  Japanese authorities and companies said that heavy snow in many parts of Japan on Friday caused the cancellation of 100 flights, closed dozens of roads and disrupted railway services. Domestic airlines including ANA, Japan Airlines and others canceled a total of 100 flights due to the snow until noon, according …

  Read More »
• 10 February 2023 12:18 pm

  Japanese stocks closed higher, supported by strong earnings and expectations

  

  Japanese stocks closed higher on Friday, boosted by strong corporate earnings and the expectations of domestic companies, with Tokyo Electron leading the gains after raising its annual profit forecast. The Nikkei index rose 0.31 percent to close at 27,670.98 points, after rising 0.8 percent earlier in the session. The index …

  Read More »
• 10 February 2023 11:46 am

  The British economy did not record any growth in Q4

  

  Data published by the British Office for National Statistics today, Friday, showed that the country’s gross domestic product did not witness any change in the last three months of 2022. Economists polled by Reuters had expected zero growth in the fourth quarter of the year. Last week, the Bank of …

  Read More »
• 10 February 2023 11:34 am

  Oil is falling and heading towards recording weekly gains

  

  Oil prices fell in early trading on Friday, February 10, but are heading towards recording political gains, as the market continues to oscillate between fears of a recession in the United States and hopes for a recovery in strong demand for fuel in China, the largest global importer. By 01:17 …

  Read More »
• 10 February 2023 11:07 am

  Russia expects its oil production to decrease in 2023

  

  Russian news agencies quoted Deputy Prime Minister Alexander Novak as saying on Friday that there is a possibility that the country’s oil production will decline in 2023, as a result of pressure exerted by the European Union and the ceiling set by the Group of Seven for the price of …

  Read More »
• 10 February 2023 10:41 am

  US Dollar is falling under pressure

  

  The US dollar fell against most of the other major currencies on Thursday, moving in line with falling Treasury yields, as investors stuck to their views that the Federal Reserve does not need to raise interest rates too much because inflation is starting to get under control. In evening trading, …

  Read More »
• 10 February 2023 3:18 am

  Market Drivers – US Session 09/02/2023

  

  The US dollar has been higher with gains ahead of Wall Street’s opening, advancing at the end of the trading day as US indexes plunged ahead of the close though Dow surged earlier on robust earnings including Disney and PepsiCo.The dollar benefited from higher government bond yields but also from …

  Read More »
• 10 February 2023 2:25 am

  LocalBitcoins to shut down after 10 years in cryptomarket

  

  Based upon the “ongoing very cold crypto-winter,” the Peer-to-peer Bitcoin exchange LocalBitcoins announced it will stop operation beginning Thursday. LocalBitcoins, is looked upon as one of the earliest and most popular Bitcoin exchanges. The service and business will stop after more than ten years of operation. The platform also said …

  Read More »
• 10 February 2023 1:18 am

  USD/CHF retreats as focus shifts to next week’s CPI data

  

  The USD/CHF bulls take a breather around 0.9220, after posting the biggest daily jump in one week, as traders await the key US data amid mixed interest rate-linked feelings. The Swiss Franc rallied the previous day amid the market’s rush toward the US dollar amid fears of recession. However, traders …

  Read More »
• 10 February 2023 12:50 am

  Decline of oil prices, lower natural gas costs expected by EIA

  

  The US Energy Information Administration’s February short-term energy expectations are indicating a decline of oil pricing over the next two years as well as a 50% drop in natural gas prices. In addition, the production of global liquid fuels is expected to get lower in 2023. Russia and China still …

  Read More »
• 9 February 2023 10:43 pm

  Gold price declines despite dollar’s weakness

  

  The gold price retreats on Thursday and is trading at $1867.54 at the time of writing. The positive US economic data earlier on the day triggered the precious metal’s jump to fresh daily high at $1890.21. US Initial Jobless Claims underpinned XAU/USD, though the metal retreated those gainsUnemployment claims rose …

  Read More »
• 9 February 2023 9:46 pm

  Treasury yields retreat after rate hike expectations drop

  

  The Ten-year US Treasury yields have declined since the opening of daily trading on Thursday, affected by the decline in interest rate expectations after the emergence of fresh US employment data to denote a direct relationship between interest rate hike expectations and ten-year US Treasury yields. US Treasury yields for …

  Read More »
• 9 February 2023 8:45 pm

  Nickel fraud bites top commodity trader with $577 million loss

  

  Trafigura suffers a $577 million loss on nickel shipments in what the company calls a systemic fraud. The commodities trading giant discovered some of the metal cargoes it bought were missing nickel. A full container of nickel, an expensive metal that is typically traded in large volumes, can be worth …

  Read More »