Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 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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• 13 February 2023 10:51 pm

  EUR/USD testing key resistance as US Dollar slides ahead of US CPI

  

  The EUR/USD has run up high in a short squeeze as traders look ahead to US CPI for clues concerning the future path of the US economy. The EUR/USD has been testing a critical high in the midday session on Wall Street following what had been a positive start for …

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• 13 February 2023 9:55 pm

  Tuesday’s CPI could trigger selloff for Ethereum

  

  Ethereum price trades in a very small range and seems to have only one element that could help avoid a small meltdown.Tuesday’s US inflation figure is expected to be the catalyst for the crypto asset. Ethereum price sees a pressure mountain around $1,490 with the monthly pivot for February under …

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• 13 February 2023 7:58 pm

  NY Fed: One-year consumer inflation expectation unchanged in January

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation stayed unchanged at 5% in January.Further details of the publication showed that the three-year ahead expected inflation declined to 2.7% from 2.9% in December and the five-year ahead …

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• 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 …

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• 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 …

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