Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 21 February 2023 2:29 am

  Oil surges 1% on Chinese demand hopes

  

  Oil prices surged over 1% on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia’s plans to rein in supply.Brent crude settled up $1.07, or 0.95%, at $83.56 a barrel. WTI for March, which expires on Tuesday, last rose 86 cents, or 1.12%, at …

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• 21 February 2023 1:23 am

  EUR/USD reluctatnt to leave Friday’s range as traders await the next catalyst

  

  EUR/USD pair is stuck in a range and awaits major data this week. Traders will have both Eurozone and US economic calendar to potentially find catalysts that will move the EUR/USD.EUR/USD is moving sideways during the US holiday, the pair seems reluctant to leave Friday’s price range. The Euro has …

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• 21 February 2023 12:11 am

  Gold could face losses as bond yields continue surging

  

  As bond yields surge, investors Advised To Build Strategic Position in the gold marketEconomists do expect to see lower gold prices in the near term as markets begin to price in further aggressive monetary policy action from the Fed. Higher inflation prompted markets to price in a 21% chance that …

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• 20 February 2023 9:45 pm

  Official: SNB is still willing to be active on the forex markets

  

  The Swiss National Bank is “still willing” to be active on the foreign currency markets in pursuing its goal of price stability, Vice Chairman Martin Schlegel said on Monday.“If the Swiss franc depreciates we are ready to sell foreign exchange, if the Swiss franc appreciates strongly we are willing to …

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• 20 February 2023 8:59 pm

  Chinese shares lead gains as US observes Presidents Day

  

  US futures waver as investors consider latest signals on interest rates. Meanwhile, global markets were mixed Monday amid volatility, with US futures struggling for direction in holiday trading ahead of another busy week in terms of economic data.Futures tied to the S&P 500 edged down 0.1%, as did those tied …

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• 20 February 2023 7:33 pm

  GBP/USD recovered, with little hope to stage a sustainable rise.

  

  The British Pound fought back from below 1.20/USD and the 200-DMA (1.1938) on Friday but conviction for a return to 1.2450 is low based on the outlook for a widening in US/UK rate differentials. Based on implied market rates, the Fed/BoE spread could widen to almost 100 bps in 2Q, …

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• 20 February 2023 6:11 pm

  Market Drivers – European Session 20/2/2023

  

  European stocks were flat on Monday, as continued gains in mining stocks, on the back of bets on demand recovery in China, offset losses in Telecom Italia, which led the decline in stocks in the eurozone. The pan-European Stoxx 600 index was little changed after rising slightly at the start …

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• 20 February 2023 3:46 pm

  European stocks are stable and Telecom Italia is the biggest loser in the euro area

  

  European stocks were flat on Monday, as continued gains in mining stocks, on the back of bets on demand recovery in China, offset losses in Telecom Italia, which led the decline in stocks in the eurozone. The pan-European Stoxx 600 index was little changed after rising slightly at the start …

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• 20 February 2023 3:20 pm

  Britain begins post-Brexit asset management revamp, focus on liquidity

  

  After a fund near-collapse in September that was utilised by pension schemes, Britain announced plans on Monday for a post-Brexit review of its regulations for the $13.2 trillion (13.2 trillion pound) asset management industry. Regulations for the UK finance industry were created in Brussels before to the United Kingdom’s exit …

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• 20 February 2023 3:04 pm

  Saudi Arabian Energy Minister: OPEC+ is flexible enough to change decisions whenever required

  

  Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, “OPEC+ is flexible enough to change decisions whenever required.” Last week, Saudi Arabian Energy Minister said the current OPEC+ deal on oil output would be locked in until the end of the year, adding the oil group can’t increase …

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• 20 February 2023 1:25 pm

  USD Rose supported by a series of strong US economic data

  

  The dollar rose on Monday, supported by a string of strong economic data from the United States that traders bet will cause the Federal Reserve to continue tightening monetary policy for longer than initially expected. The dollar rose broadly in early Asian trade, with the pound sterling falling 0.12 percent …

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• 20 February 2023 12:44 pm

  A slight rise in Japanese stocks as investors await the directions of BoJ and Fed

  

  Japanese stocks posted little gains at the close on Monday, as investors warned ahead of a week in which important US and global economic data and comments from the Bank of Japan’s new leadership team are expected. The Nikkei rose at the close, 0.07 percent, to record 27,531.94 points, and …

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• 20 February 2023 11:49 am

  Gold prices fell on USD and rates fear

  

  Gold prices fell on Monday, affected by the rise in the dollar, and after recent US economic data raised concerns that the Federal Reserve may raise interest rates further. The spot gold price fell 0.2 percent to $1,837.59 an ounce by 0048 GMT. US gold futures fell 0.1 percent to …

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