Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 8 February 2022 11:38 pm

  USD/CAD Edges Higher As US T-bond yields Rise, Oil Slides

  

  In the New York session, the USD/CAD pair trims Monday’s losses and reclaims the 1.2700 figure as the Canadian dollar weakens, as oil prices fall, a headwind for the Canadian dollar. At the time of writing, the USD/CAD is trading at 1.2702.On Tuesday’s, Western Texas Intermediate (WTI), the US crude …

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• 8 February 2022 9:46 pm

  Wells Fargo Expecting ECB to start moving rates in December

  

  Beyond March, analysts at Wells Fargo expect the European Central Bank to start raising its Deposit Rate shortly after it completes its net bond purchases.An initial 25 bps Deposit Rate hike is expected in December 2022 and another 25 bps hike in March 2023. They consider the divergence between the …

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• 8 February 2022 9:01 pm

  US Stocks Mixed Following December Trade Balance Data

  

  Wall Street stocks were mixed early on Tuesday as market participants digested December’s trade balance figures and continued to look ahead to key inflation data scheduled for release later in the week.As of 1510 GMT, the Dow Jones Industrial Average was up 0.13% at 35,135.36, while the S&P 500 was …

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• 8 February 2022 8:18 pm

  French trade deficit hits record level despite economic rebound

  

  France’s trade deficit in goods widened to a record €84.7bn last year, creating what its finance minister Bruno Le Maire called “a black mark” over the economy. The 31 per cent increase in the country’s trade deficit in goods came as its economy rebounded strongly from the fallout of the …

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• 8 February 2022 8:02 pm

  Economic Recovery Pushed 2021 US Trade Deficit To Record

  

  Continued strong consumer appetite for overseas goods pushed up the US trade deficit in December, sending the full-year import-export gap to a record level in 2021.The December deficit in trade of goods and services grew by 1.8% to a seasonally adjusted $80.7 billion, the Commerce Department said Tuesday, just less …

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• 8 February 2022 7:06 pm

  WTI Crude Recovers Amid Profit Taking

  

  West Texas Intermediate crude dipped on Tuesday amid profit-taking though has recovered from session lows near $89.00 back above the $90.00 level.Analysts cited chatter about a potential US-Iran nuclear programme deal and President Macron’s Moscow visit as weighing on prices.Front-month WTI futures pulled back from close to seven-year highs on …

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• 8 February 2022 6:32 pm

  Market Drivers – European Session 8-2-2022

  

  The euro fell for the second day in a row in trading on Tuesday after European Central Bank President Christine Lagarde said there is no need for significant monetary tightening in the Eurozone. The dollar index rose 0.3 to 95.67, and the Australian dollar was little changed at $0.7127, but …

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• 8 February 2022 5:17 pm

  Pfizer Expects $54 Billion in 2022 Sales on Covid Vaccine

  

  Pfizer Inc. recorded quarterly profits above analysts’ expectations, and its revenues rose, but less than estimates, while it expects to record strong sales of its vaccine and treatment for the Coronavirus. Pfizer’s fourth-quarter revenue more than doubled overall to $23.84 billion year-over-year, driven by $12.5 billion in sales of its …

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• 8 February 2022 3:49 pm

  Euro Faces Difficulty in Staying Above $1.14

  

  The euro fell for the second day in a row on Tuesday after European Central Bank President Christine Lagarde said that there is no need for significant monetary tightening in the eurozone. Bond yields rose, and the euro recorded its highest weekly performance since March 2020 last week, when the …

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• 8 February 2022 2:02 pm

  Strong Business Results Support European Stocks

  

  European shares extended gains on Tuesday after the European Central Bank chief eased concerns about faster monetary policy tightening this year, while positive business results supported investor sentiment. The benchmark Stoxx 600 index was up 0.3 percent by 0830 GMT. Oil stocks were among the biggest gainers on the European …

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• 8 February 2022 1:24 pm

  Gold Settles Near Its Highest Level in a Week Amid Political Tensions

  

  Gold prices stabilized on Tuesday in light of concerns about Russia and Ukraine, which kept the metal, which is considered a safe haven of value, supported near the highest level in a week, which was recorded in the previous session. At the same time, the markets awaited US inflation data …

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• 8 February 2022 1:23 pm

  America Adds Chinese Entities to The List of Exports That Require Additional Procedures

  

  The US Commerce Department said it has added 33 Chinese entities to what it calls a list of unverified exports that requires US exports to go through additional procedures before goods are shipped to those entities. On Monday, the department said it was taking the step because it was unable …

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• 8 February 2022 12:30 pm

  Technology Stocks Push The Nikkei Higher

  

  The Japanese Nikkei index closed slightly higher on Tuesday, supported by technology shares, as investors were keen to snap up the shares that were hurt, despite caution that prevails ahead of the release of US inflation data due later this week. The Nikkei index closed up 0.13 percent at 27,284.52 …

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