Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 14 February 2023 4:57 am

  Market Drivers – US Session 13/02/2023

  

  US-Sino tensions appear to relatively weigh on the market sentiment with the beginning of the trading week. The US dollar is making the most out of it. However, a better market sentiment during European trading hours pushed the dollar into the red territory.Economic DataThe absence of economic data, on Monday, …

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• 14 February 2023 3:28 am

  GBP/USD closer to 1.2150 ahead of UK employment, CPI data

  

  On Monday, with the beginning of the new trading week, the GBP/USD pair edges higher after posting the biggest daily jump in a month. Optimism surrounding an end to the UK’s labour strike is leaving a positive fingerprint on the Sterling in addition to the US dollar’s pullback which contributes …

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• 14 February 2023 12:54 am

  Gold Pressured Ahead of US Inflation data

  

  Gold price is still pressured around the lowest levels in five weeks. Markets preparations for United States Consumer Price Index for January weigh on the Gold Index amid apparently hawkish remarks by Fed policymakers and gtold price naturally reacts to this hawkish language. Gold price is able to resists and …

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• 13 February 2023 10:51 pm

  EUR/USD testing key resistance as US Dollar slides ahead of US CPI

  

  The EUR/USD has run up high in a short squeeze as traders look ahead to US CPI for clues concerning the future path of the US economy. The EUR/USD has been testing a critical high in the midday session on Wall Street following what had been a positive start for …

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• 13 February 2023 9:55 pm

  Tuesday’s CPI could trigger selloff for Ethereum

  

  Ethereum price trades in a very small range and seems to have only one element that could help avoid a small meltdown.Tuesday’s US inflation figure is expected to be the catalyst for the crypto asset. Ethereum price sees a pressure mountain around $1,490 with the monthly pivot for February under …

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• 13 February 2023 7:58 pm

  NY Fed: One-year consumer inflation expectation unchanged in January

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation stayed unchanged at 5% in January.Further details of the publication showed that the three-year ahead expected inflation declined to 2.7% from 2.9% in December and the five-year ahead …

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• 13 February 2023 6:53 pm

  Gold retreats to 5-week lows around $1850

  

  Gold has dived to five-week lows at around $1850 with the beginning of the new trading week as bears eye the 100-DMA beneath $1820.Market participants are eyeing Tuesday’s US CPI data, which could reaffirm the disinflation process has already started. A daily close below $1850 would pave the way toward …

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• 13 February 2023 5:57 pm

  Russian fuel exports fell by 10% between February 1 and 12

  

  Russia’s seaborne oil product exports fell about 10 percent between February 1 and 12 compared to the same period in January, traders said, as a result of EU sanctions, a lack of available tankers and storm closures of ports, the Refinitiv data showed. The European Union imposed a price ceiling …

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• 13 February 2023 4:23 pm

  Ukraine’s grain exports declined by 28.7% in 2022/23

  

  Ukraine’s Ministry of Agriculture data showed on Monday that Ukraine’s grain exports in the 2022/23 season, which continues until June, fell by 28.7 percent to 29.2 million tons so far, due to a poor harvest and logistical difficulties caused by the Russian invasion. The exports included about 10.4 million tons …

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• 13 February 2023 1:54 pm

  European stocks open higher and real estate stocks decline

  

  European stocks opened higher on Monday ahead of US inflation data due on Tuesday, while real estate stocks fell on disappointing quarterly earnings from Sweden’s Castellum. The Stoxx Europe 600 index rose 0.2 percent, after posting its first weekly decline in three weeks on Friday. Stockholm-listed Castellum fell 5.8 percent …

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• 13 February 2023 12:39 pm

  Nikkei closed lower as technology stocks declined

  

  The Japanese Nikkei index closed lower on Monday, as heavyweight technology stocks tracked the decline in the US Nasdaq index in the last session, while investor sentiment was affected by some companies announcing bleak earnings forecasts. The Nikkei index fell 0.88 percent to close at 27,427.32 points, after falling to …

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• 13 February 2023 12:05 pm

  Gold prices stabilize ahead of US inflation data

  

  Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve’s plans for the future of interest rates. Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose …

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• 13 February 2023 11:10 am

  US Dollar is approaching a 5-week high

  

  The dollar rose near a five-week high against the other major currencies on Monday, as investors increased their bets that the Federal Reserve will continue to tighten monetary policy for a longer period while they await the US consumer price report due on Tuesday. The yen fell amid expectations that …

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