Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 10 February 2022 10:27 pm

  Fed Bullard Concerned About January’s CPI Data

  

  St. Louis Federal Reserve President James Bullard said on Thursday that he has become “dramatically” more hawkish in light of the hottest inflation reading in nearly 40 years, and he now wants a full percentage point of interest rate hikes over the next three U.S. central bank policy meetings. Within …

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• 10 February 2022 10:03 pm

  BoE’s Bailey: EU insurance laws should be changed

  

  Bank of England governor Andrew Bailey focuses on EU laws which require insurance companies to hold enough cash to ensure they do not collapse are not well suited for the UK.The governor told listeners to a speech in the City that the so-called Solvency 2 regulations needed to be reformed. …

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• 10 February 2022 9:43 pm

  Attacks Against BoE’s Bailey Over Pay Rises Miss Their Target

  

  The Bank of England Governor Andrew Bailey was slapped down by the Government, business groups, and trade unions last week for urging wage restraint as a check against ongoing inflation.Rail, Maritime and Transport Union boss Mick Lynch accused him of “hypocrisy” given Bailey’s high salary. Downing Street retorted that the …

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• 10 February 2022 8:49 pm

  CPI Keeps The Door Open For A US 50bp Interest Hike in March

  

  Data released on Thursday showed higher-than-expected inflation numbers with the annual CPI hitting the highest level since 1982. The upside surprise, even as areas like energy goods and autos cooled as expected, illustrates that inflation continues to carry plenty of momentum, and any meaningful slowdown remains elusive, explained analysts at …

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• 10 February 2022 8:38 pm

  How Does CPI Data Influence Financial Markets?

  

  US consumer prices have surged well above expectations, raising further concerns about price pressures and pushing investors in global financial markets toward expectations and bets that the Fed will raise interest rates in March to levels that exceed current expectations.The annual US Consumer Price Index (CPI) is 7.5% higher than …

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• 10 February 2022 7:56 pm

  Gold Price Rebounds Sharply As USD Tumbles

  

  Gold prices bounces sharply on a volatile session. Following CPI data, XAU/USD tumbled to $1821, hitting a two-day low. A few minutes later, it rebounded above $1830, approaching weekly highs. The rebound suggests some underlying strength, but it needs to break firm above $1835 to open the door to more …

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• 10 February 2022 6:33 pm

  Market Drivers – European Session 10-2-2022

  

  The US data was the highlight during the previous period. There were 223,000 initial claims for unemployment benefits in the US during the week ending February 5, the data published by the US Department of Labor revealed This reading came in better than the market expectation of 230,000. Inflation in …

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• 10 February 2022 5:33 pm

  US Annual CPI Inflation Jumps to 7.5% in January

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 7.5% on a yearly basis in January from 7% in December, the US Bureau of Labor Statistics reported on Thursday. to be updated…

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• 10 February 2022 5:32 pm

  OPEC leaves Full-Year 2022 World Oil Demand Growth Unchanged

  

  The Organization of the Petroleum Exporting Countries (OPEC) announced in its latest monthly report that it left the 2022 world oil demand growth forecast unchanged at 4.15 million barrels per day (bpd), as reported by Reuters. Crude oil prices showed no immediate reaction to this publication and the barrel of …

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• 10 February 2022 4:54 pm

  Oil Rises as US Inventories Fall And Concerns Persist Over Talks With Iran

  

  Oil prices continued to rise on Thursday after a sudden drop in US crude oil inventories in the previous session, while investors awaited the outcome of US-Iran nuclear talks that could lead to a rapid increase in crude supplies in global markets. The price of Brent crude rose 34 cents, …

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• 10 February 2022 3:53 pm

  Gold is Confined to a Narrow Range Ahead of The Release of US Inflation Data

  

  Gold prices fluctuated within a limited range on Thursday, after hitting a two-week high earlier in the session, as investors awaited US inflation data for indications of the Federal Reserve’s next step towards tightening monetary policy. And the gold price settled in spot transactions at $ 1832.09 an ounce by …

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• 10 February 2022 2:12 pm

  European Shares Rise After Strong Gains For Siemens

  

  European shares extended gains on Thursday, a day after achieving their best session since the beginning of the year, boosted by the rise of German shares that received a boost from strong quarterly earnings growth for Siemens. Siemens shares jumped 7.3 percent after the company said it was seeing “extraordinary” …

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• 10 February 2022 12:37 pm

  Japan Shares Rise Supported by Strong Gains in The Technology

  

  Japanese stocks rose on Thursday as technology shares followed their peers that made solid gains on Wall Street late Wednesday, although caution ahead of US data releases weighed on investor sentiment. The Nikkei index rose 0.42 percent to close at 27,696.08 points, after jumping more than one percent earlier in …

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