Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 23 February 2023 2:43 am

  Market Drivers – US Session 22/02/2023

  

  The US Dollar benefited from the hawkish FOMC Minutes, accelerating its move by the end of the US trading session. The document showed that a few participants favored a 50 basis point (bps) rate hike, while some believed there was an elevated risk of a recession in 2023.Key DevelopmentsAll FOMC …

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• 23 February 2023 2:28 am

  How Have Assets Immediately Reacted To FOMC Minutes?

  

  On Wednesday, the dollar index rose by +0.39%. The dollar moved moderately higher and is just below last Friday’s 6-week high. A slump in stocks Wednesday boosted the liquidity demand for the dollar. Also, the hawkish minutes of the Jan 31-Feb 1 FOMC meeting supported the dollar, with policymakers anticipating …

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• 23 February 2023 1:20 am

  US stocks close lower following FOMC minutes’ hawkishness

  

  US stocks closed lower on Wednesday as traders and investors are busy digesting the summary of the Fed’s latest meeting minutes, looking for clues on the central bank’s next move against inflation. The Dow Jones Industrial Average dropped 84.50 points, or 0.26%, ending at 33,045.09. The S&P 500 fell 0.16% …

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• 23 February 2023 12:35 am

  AUD/USD falls following FOMC minutes

  

  The first minutes of the FOMC in 2023 showed that some Fed officials wanted a 50 bps rate hike. Policymakers’ worries are linked to a tight labor market and commented inflation risks are tilted upwards. The AUD/USD pair prolonged its losses during the Wednesday session and dropped nearby the day’s …

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• 22 February 2023 11:46 pm

  RBNZ’s Orr: Core inflation too high, expectations elevated

  

  The Reserve Bank of New Zealand’s governor, Adrian Orr has said that core inflation is too high and that expectations are elevated.Orr has voiced concerns over the difficulties people faced paying for goods and services while power, communications and services were down in flood-affected regions.Orr indicated he was not happy …

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• 22 February 2023 11:06 pm

  FOMC minutes: A few participants favored raising rates by 50 basis points

  

  The first FOMC Minutes in 2023 has been released with investors searching for further insights into the near-term path for policy and any comments regarding the possibility of the Federal Reserve going back to 50 bps hikes. The US Dollar ran higher from a new low at 104.25 in the …

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• 22 February 2023 9:58 pm

  Stocks Pause Early Gains Ahead Of FOMC Minutes

  

  Stock indices are mixed after giving up their earlier gains. The Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones Industrial Average are roughly flat as of 11:47 a.m. EST, Wednesday.US Stock indices opened Wednesday’s trading with generally positive performance but close to the flatline in anticipation of the minutes …

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• 22 February 2023 8:30 pm

  Gold prices hold firm ahead of the FOMC minutes

  

  Gold holds firm at around $1,835 as traders awaiting Fed minutes. Money market futures began to price in interest rates in the US in the 5.25%-5.50% range.Gold price recovers some ground, though it remains almost flat compared to its opening price. However, it clings to minimal gains before the release …

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• 22 February 2023 7:28 pm

  US Dollar Expected To Reap Gains If FOMC Minutes Adopt Hawkish Tone

  

  Economists and analysts see that the US dollar is trading narrowly mixed. They also believe that a hawkish tone in FOMC Minutes could push the dollar higher. There are no major data releases scheduled for US session on Wednesday. However, the Fed releases the Feb 1 FOMC minutes. The chances …

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• 22 February 2023 5:44 pm

  Wall Street climbs as investors await the minutes of the Federal Reserve meeting

  

  Wall Street’s major indices opened higher on Wednesday, a day after their worst performance this year, as investors await minutes from the Federal Reserve’s policy meeting in search of new clues to the path of interest rates. The Dow Jones industrial average advanced 39.74 points, or 0.12 percent, to 33,169.33 …

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• 22 February 2023 4:57 pm

  Morgan Stanley ups 2023 oil demand growth estimate by 36%, flags Russia risk

  

  By pointing to increasing momentum in China’s economy and a rebound in aviation, Morgan Stanley has increased its projection for this year’s global oil demand growth by approximately 36%. But, it has also noted greater production from Russia as an offsetting factor. The bank stated in a report dated Tuesday …

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• 22 February 2023 4:24 pm

  Higher car prices drive Stellantis to 2022 net profit beat

  

  Stellantis NV announced a new share buyback program for 2023 after the automaker posted better-than-expected annual profit, thanks to price hikes that helped outweigh lower car shipments in Europe and elevated input costs. The automaker formed from a merger between Fiat Chrysler and Peugeot-owner PSA Group in 2021 reported a 26% year-on-year jump …

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• 22 February 2023 3:40 pm

  Danone eyes better margins in 2023, Q4 sales top estimates

  

  Shares in Danone SA rose on Wednesday after the French food products group reported better-than-expected fourth quarter sales that were fueled by higher prices. Total sales during the three months to the end of December jumped by 12% on a reported basis to €7.01B (€1 = $1.0644), mainly driven by stronger pricing and …

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