Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 16 February 2022 10:13 pm

  Kazimir Defends ECB Policy In Clash With Minister Over Prices

  

  Some European Central Bank officials are coming under increasing heat from Eurozone governments as accelerating inflation stokes tension.Governing Council member Peter Kazimir of Slovakia defended the Frankfurt-based ECB on Wednesday against his country’s economy minister, Richard Sulik, who said asset purchases under the bank’s quantitative easing program were hurting consumers. …

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• 16 February 2022 9:58 pm

  Canadian Dollar Gains As Investors Digest Hot Inflation Data

  

  The Canadian dollar strengthened against its US counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January.Canada’s annual inflation rate accelerated in January to a 30-year high of 5.1%, as food and housing costs continued to rise, while the average of the Bank …

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• 16 February 2022 9:40 pm

  US Retail Sales Hit Record Highlighting Economic Strength

  

  US retail sales increased to a fresh record high in 10 months in January, lifting the level of sales to a record high amid a surge in purchases of motor vehicles and other goods, but higher prices could limit the boost to economic growth this quarter.The report from the Commerce …

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• 16 February 2022 9:08 pm

  Ukraine’s Intelligence: No evidence of Russian withdrawal

  

  The latest Ukrainian intelligence report on Wednesday showed no evidence of any withdrawal of Russian troops from near Ukraine’s border, Ukrainian Defence Minister Oleksii Reznikov told Reuters. Russian and separatist forces amassed at Ukraine’s borders continue to amount to about 140,000, he added. This week’s massive cyber-attack did not damage …

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• 16 February 2022 8:59 pm

  What Kind of Unkind Surprise Could FOMC Minutes Bring About?

  

  The Federal Reserve is scheduled to release minutes of its January meeting later Wednesday but the market seems to have already moved on.With minutes from the US Federal Reserve’s January meeting due out Wednesday, crypto traders might be forgiven for dismissing them entirely.Look how drastically the environment has changed in …

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• 16 February 2022 8:38 pm

  Kashkari: Fed Will Do What Is Needed To Bring Back Balance

  

  Minneapolis Federal Reserve President and FOMC member Neel Kashkari said on Wednesday that the Fed is going to do what is needed to bring the economy back into balance. Some of the inflation should fade on its own as stimulus fades and people switch to buying services, he added. Kashkari …

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• 16 February 2022 8:27 pm

  NFB: Canada’s Economic weaknesses not coinciding with disinflation

  

  The Canadian Consumer Price Index (CPI) rose in January 0.9% above the 0.6% of market consensus, showed data released on Wednesday.Analysts at the National Bank of Canada point out that annual inflation continues to rise with widespread price increases despite the slowdown in economic activity in January. Key Quotes: “The …

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• 16 February 2022 7:55 pm

  WTI Rallies Above $94 Amid News Of Russian Withdrawal

  

  Crude oil prices have seen substantial upside in recent trade as market participants fret amid confusion over whether Russia is actually withdrawing some troops from its border with Ukraine as is said it would on Tuesday.Western leaders, government and intelligence officials have been loudly warning, including remarks most recently from …

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• 16 February 2022 6:30 pm

  The Dollar is Falling For a Second Day as Investor Concerns About The Situation in Ukraine Recede

  

  The dollar fell on Wednesday for the second day in a row as investors eased concern about the possibility of Russia’s invasion of Ukraine and awaited the minutes of the Federal Reserve (US Central Bank) meeting for the month of January. Movements were small in the currency markets, and the …

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• 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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