Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 9 February 2022 5:15 pm

  Robust Imports Boost U.S. Trade Deficit to Record High

  

  The US trade deficit widened in December as imports soared, hitting the largest-ever level in all of 2021. The Commerce Department said on Tuesday that the trade deficit rose 1.8 percent to $80.7 billion in December. November’s data was revised down to $79.3 billion, instead of $80.2 billion in the …

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• 9 February 2022 3:31 pm

  Gold Locked in a Narrow Range as Investors Await Inflation Data

  

  Gold prices were little changed on Wednesday as falling US Treasury yields ahead of the widely expected strong inflation data kept gold investors on the lookout. And the price of gold in spot transactions rose 0.1 percent to $ 1827.20 an ounce, and US futures settled at $ 1828.40. Analysts …

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• 9 February 2022 2:48 pm

  The Euro Stabilizes And The Dollar Stabilizes Ahead of Inflation Data

  

  The price of the euro settled on Wednesday, at a level below its highest level in three weeks after Christine Lagarde, President of the European Central Bank played down the possibility of a significant rate hike. The dollar stabilized a day before the US consumer price index data, which may …

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• 9 February 2022 2:16 pm

  Lyft’s Fourth-Quarter Results Better Than Expected

  

  Lyft reported fourth-quarter results that beat estimates for adjusted earnings per share and revenue, but said it had fewer active passengers than the previous quarter. Shares fell more than 6% in after-hours trading after executives said the Omicron virus variant will affect first-quarter numbers. Earnings per share were adjusted 9 …

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• 9 February 2022 1:24 pm

  Gold Nears Two-Week High Ahead of US Inflation Data

  

  Gold prices headed during trading, today, Wednesday, near the highest level in two weeks during the previous session, before the release of inflation data in the United States, which is expected to come in strong this week, despite the fact that the rise in US Treasury bond yields prompted investors …

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• 9 February 2022 1:00 pm

  Japan Shares Close Higher on Wall Street’s Footsteps

  

  Japanese stocks closed higher on Wednesday after a rally led by the technology sector overnight on Wall Street, as investors bought shares of companies that reported strong results with sentiment rising further thanks to the approaching earnings season. The Nikkei index advanced 1.08 percent to close at 27,579.87 points, while …

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• 9 February 2022 4:33 am

  Stock Futures Gain With More Big Earnings Ahead

  

  US stock futures rose slightly in overnight trading on Tuesday as investors prepare for another round of corporate earnings. Dow futures rose about 70 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.27%.Chipotle rose more than 7% in after-hours trading on the back of its strong earnings, …

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• 9 February 2022 4:26 am

  Market Drivers – US Session – 8 February

  

  As the US inflation data is expected to show that prices rose by 0.4% in January, for a 7.2% gain from one year ago, major currency pairs continue lacking certain direction and struggle to maintain their strength.The global financial markets closed in the American session with the surge of the …

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• 9 February 2022 3:47 am

  EUR/USD Remains Defensive On Stronger Treasury Yields

  

  The EUR/USD pair holds lower ground near 1.1415 during a quiet Asian session opening on Wednesday, after stepping back from a three-month high in the last two days.The pair’s latest weakness could be linked to the higher US Treasury yields and downbeat comments from the European Central Bank (ECB) policymakers.The …

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• 9 February 2022 3:03 am

  Market Tension Accelerates Ahead Of US Inflation Data

  

  As the US inflation data is expected to show that prices rose by 0.4% in January, for a 7.2% gain from one year ago, major currency pairs continue lacking certain direction and struggle to maintain their strength. Major currencies have also held within limited intraday ranges on Tuesday. The US …

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• 9 February 2022 12:55 am

  GBP/USD Faces A Wall Of Resistance

  

  GBP/USD is up on the day by 11% and traded at 1.3559. the pair has travelled from a low of 1.3507 to score a high of 1.3564 on the day so far. The US dollar is being eyed for prospects of a bid given the perkiness in US yields and …

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• 9 February 2022 12:36 am

  IBD/TIPP Poll: Economic Optimism Declines

  

  The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, declined another 1.6% this month, after falling 7.6% in January. The overall reading now stands at 44.0, keeping the index in negative territory for the sixth consecutive month. A reading above 50.0 signals optimism and below 50.0 indicates …

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• 9 February 2022 12:35 am

  Villeroy: Markets May Have Overreacted to ECB

  

  Investors may have over-reacted to what they see as a hawkish pivot from the European Central Bank, Bank of France Governor Francois Villeroy de Galhau said. French President Emmanuel Macron’s price caps to stop a cost-of-living crisis colliding with April’s elections will slow inflation by about one percentage point at …

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