Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 17 February 2022 9:02 pm

  WTI Rebounds To $92.00 From Recent $90.00 Lows

  

  WTI crude rebounded sharply on Thursday after Wednesday’s US-Iran negotiation progress had invaded news headlines triggering a sharp price drop.Having been as low as $90.00 per barrel on Wednesday, WTI is now trading near $92.00 again thanks to escalating Russia-NATO tensions. A long-term trendline continues to offer WTI support.Oil prices …

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• 17 February 2022 8:55 pm

  Bullard reiterates Fed’s need of ‘One Point’ rate hikes by July

  

  The US Federal Reserve should implement a full percentage point of rate increases over its next three meetings between now and the first of July 2022, St. Louis Fed president James Bullard said on Thursday, reiterating his calls for strong action from the Fed against stubbornly high inflation.“We are missing …

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• 17 February 2022 8:37 pm

  ECB’s Lane: Eurozone Turned Page On Low Inflation

  

  The ultra-low inflation seen in the euro zone until recently are unlikely to return even after the pandemic is over, the European Central Bank’s chief economist Philip Lane said, citing changes in the global economy among other factors.Lane had dismissed the notion of a new era for inflation until recently …

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• 17 February 2022 7:38 pm

  How Will USD/JPY Respond To Blinken’s Remarks Before UN Security Council?

  

  US Secretary of State Antony Blinken will be delivering his remarks on the Russia-Ukraine conflict at a UN Security Council Meeting, from UN Headquarters in New York City, on Thursday.Markets remain risk-averse on Thursday on reports pointing to a heightened risk of a Russian invasion. The benchmark 10-year US Treasury …

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• 17 February 2022 7:06 pm

  Ukraine’s Foreign Minister: Fire from a tank recorded in Eastern Ukraine

  

  Ukraine’s Foreign Minister Kubela Dmytro said on Thursday that fire from a tank had been recorded in Eastern Ukraine. This development comes after mortar fire and shelling throughout Thursday morning that was only reported to have stopped at 1:00 p.m. local time. As for the market’s reaction, the latest round …

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• 17 February 2022 5:43 pm

  US: Weekly Initial Jobless Claims rise to 248K

  

  There were 248,000 initial claims for unemployment benefits in the US during the week ending February 12, the data published by the US Department of Labor (DOL) revealed on Thursday. This was above the median economist forecast for 219,000 initial claims and was also above last week’s 225,000 reading, which …

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• 17 February 2022 4:44 pm

  CBRT leaves policy rate unchanged at 14%

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 14% as expected.

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• 17 February 2022 3:51 pm

  Oil Falls But Caught Between Iran Talks And Ukraine Crisis

  

  Oil prices fell on Thursday as talks to revive a nuclear deal with Iran entered their final stages, but tension between Russia and the West over Ukraine limited losses. Brent crude fell $1.26, or 1.3 percent, to $93.55 a barrel. US West Texas Intermediate crude fell 1.34 dollars, equivalent to …

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• 17 February 2022 3:14 pm

  Dollar Steadies Amid Concerns Over Ukraine News

  

  The dollar stabilized on Thursday and the Japanese yen held on to earlier gains after a Russian news report of mortar fire in eastern Ukraine rocked markets and boosted appetite for safe-haven assets. Russia-backed rebels accused Ukrainian forces of bombing lands they control in violation of agreements aimed at ending …

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• 17 February 2022 2:30 pm

  Gold Rises to 8-Month High as Bond Yields Fall

  

  . Gold prices rose in trading today, Thursday, to their highest level in 8 months, as Treasury yields declined, while reports of mortar fire in eastern Ukraine prompted investors to resort to gold bullion. Spot gold rose 0.4% to $1,876.41 an ounce, approaching a June high of $1,879.48 hit on …

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• 17 February 2022 1:46 pm

  Strong Results Support European Shares Amid Ukraine Tensions

  

  European shares rose on Thursday as strong results for a number of companies, including Airbus, Kering, and Commerzbank, boosted risk appetite, dispelling investor fears of renewed tensions surrounding Ukraine. The pan-European Stoxx 600 index rose 0.2 percent, the French CAC rose 0.6 percent, the German DAX rose 0.3 percent, and …

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• 17 February 2022 1:15 pm

  Oil Falls After France And Iran Said Are Close to Nuclear Deal

  

  Oil fell more than 2% in early Asian trading on Thursday after France and Iran said the parties were close to reaching a consensus to save Iran’s 2015 nuclear deal with world powers, countering the impact of continuing concerns about the situation in Ukraine. US West Texas Intermediate crude fell …

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• 17 February 2022 12:24 pm

  Gold Hovers Near 8-Month Peak as Concerns Over Ukraine Return

  

  . Gold prices rose on Thursday towards their highest levels in eight months this week as US Treasury yields fell, while reports of mortar fire in eastern Ukraine prompted investors to choose safe bullion. And gold rose in spot transactions 0.4 percent to $ 1876.41 an ounce, hovering near its …

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