Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 27 February 2023 11:12 am

  Gold hits its lowest level in two months, with interest growing after US data

  

  Gold prices fell to the lowest level in two months on Monday, after strong US economic data fueled fears that the Federal Reserve (the US central bank) will take more measures to raise interest rates to curb inflation. Spot gold fell 0.1 percent to $1,808.51 an ounce by 0541 GMT. …

  Read More »
• 27 February 2023 10:41 am

  Japan is in process of easing entry procedures for those coming from China

  

  The TBS television channel reported that Japan intends to ease entry procedures into the country for those coming from China by canceling the requirement to undergo a Corona examination before boarding and upon arrival, as of March 1. The channel said, quoting several government sources, that Japan will cancel the …

  Read More »
• 27 February 2023 10:08 am

  No significant changes to oil while Russia continues its plans to cut production

  

  Oil prices were little changed in early trading on Monday, as Russia continued its plans to cut its production further to support prices, while rising crude inventories in the United States and rising risks from global inflation weighed on prices. US West Texas Intermediate crude futures were trading at $76.36 …

  Read More »
• 27 February 2023 8:31 am

  Fed’s Jefferson: Lower inflation without job market disruption possible

  

  Fed’s Philip Jefferson said on Monday that it is possible for inflation to decline without an unnecessary amount of disruption in the job market, as reported by Reuters.The US Dollar stays under modest bearish pressure following these comments and the US Dollar Index was last seen losing 0.35% on a …

  Read More »
• 27 February 2023 3:38 am

  Financial Markets’ Weekly Recap, Feb 20-24

  

  Risky assets retreated following Friday’s inflation report, with bitcoin losing about $762.36 to trade below $23,190.00, within a few dollars of its lowest level of this week. Nasdaq 100 futures were down 1.9%, and S&P 500 futures are lower by 1.4%. The January PCE Price Index unexpectedly rose to 5.4% …

  Read More »
• 25 February 2023 5:41 am

  Market Drivers – US Session 24/02/2023

  

  The dollar index on Friday surged by +0.55% and posted a 1-1/2 month high.  Higher Treasury yields boosted the American currency with the prospects for continued hawkish Fed after Friday’s stronger-than-expected US economic data. The dollar also found support on hawkish comments by Fed officials. ECB’s Nagel said with core …

  Read More »
• 25 February 2023 4:05 am

  Crude oil higher in daily trading, flat for the week

  

  Oil edged higher in the volatile US trading session on Friday. For the week, oil is flat as crude prices are boosted by expectations of lower Russian exports. WTI is seemingly pressured by rising US inventories as well as concerns over global economic activity.Brent crude futures earlier traded at $83.16 …

  Read More »
• 24 February 2023 11:20 pm

  Fed’s Bullard: Soft landing is feasible in the US

  

  “Markets have taken on board probabilities around a changed fiscal stance as well as the more aggressive Fed and expect inflation to come under control in quarters and years ahead,” St. Louis Federal Reserve President James Bullard said on Friday.Bullard’s comments don’t seem to be having a significant impact on …

  Read More »
• 24 February 2023 10:15 pm

  Research paper: Fed won’t tame inflation without more hikes

  

  The Fed will unlikely bring down inflation without having to raise interest rates ‘significantly’ higher, causing a recession, according to a research paper released on Friday.Former Fed Governor Frederic Mishkin is one of the authors of the white paper that examines the history of central bank efforts to create disinflation. …

  Read More »
• 24 February 2023 9:25 pm

  US inflation data sharply drags Bitcoin lower

  

  Risky assets fell following Friday’s inflation report, with bitcoin losing about $762.36 to trade below $23,190.00, within a few dollars of its lowest level of this week. Nasdaq 100 futures were down 1.9%, and S&P 500 futures are lower by 1.4%.The January PCE Price Index unexpectedly rose to 5.4% on …

  Read More »
• 24 February 2023 8:41 pm

  Dow drops on fresh US inflation data

  

  US stocks sharply dropped on Friday following the Federal Reserve’s favourite inflation gauge showing a stronger-than-expected increase in prices last month.The Dow Jones Industrial Average fell by 390 points, or 1.2%. The S&P 500 and Nasdaq Composite retreated 1.6% and 2.0%, respectively. The Dow fell as much as 510 points, …

  Read More »
• 24 February 2023 7:38 pm

  US data has subjected gold to fresh pressure

  

  The US dollar and yields rise further after Friday’s US economic data. US Core PCE rose above expectations in January. Gold reacted by hitting fresh weekly lows near $1,810. Gold prices dropped further after the beginning of the US trading session amid a stronger US dollar and higher Treasury bond …

  Read More »
• 24 February 2023 5:37 pm

  Warner Bros Discovery falls as results trail estimates

  

  Shares of Warner Bros Discovery are trading over 3% lower in pre-market Friday after the entertainment company reported worse-than-expected results for its fourth quarter. WBD posted a loss per share of $0.86 on revenue of $11.01 billion. Analysts were expecting a loss per share of $0.29 on sales of $11.23B. The parent …

  Read More »