Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 21 February 2022 5:53 pm

  Market Drivers – European Session 21-2-2022

  

  An OPEC + source told Reuters that the commitment of the producer group to oil production cuts rose to 129 percent in January, noting that some members are still finding it difficult to increase their production. This compares with 122 percent in December and 117 percent in November. The source …

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• 21 February 2022 4:22 pm

  Rising Oil Prices And Markets Eyeing Diplomatic Developments in Ukraine

  

  Oil prices rose slightly on Monday after fresh diplomatic efforts to resolve the Ukraine crisis brought relief to markets over supply concerns that kept oil prices close to $100 a barrel. Brent crude futures rose 25 cents, or 0.3 percent, to $93.79 a barrel at 1000 GMT. US West Texas …

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• 21 February 2022 2:25 pm

  Eurozone Preliminary Manufacturing PMI Disappoints in Feb

  

  The Eurozone manufacturing sector activity expanded but less than expected in February, the latest manufacturing activity survey from IHS/Markit research showed on Monday. The Eurozone Manufacturing purchasing managers index (PMI) arrived at 58.4 in February vs. 58.7 expectations and 58.7 last. The index hit two-month lows. The bloc’s Services PMI …

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• 21 February 2022 1:37 pm

  European Shares Track Global Market Rally, Boosted by Optimism About Ukraine Summit

  

  European shares rose on Monday, tracking global markets rallying with positive signs, as investors hoped for a solution to the Ukraine crisis after news that US and Russian leaders had agreed in principle to hold a summit on the issue. The pan-European STOXX 600 index rose 0.6 percent, tracking an …

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• 21 February 2022 12:19 pm

  Nikkei Closed Lower For The Third Day This Week

  

  Japan’s Nikkei fell on Monday for the third consecutive session after persistent fears of a possible Russian invasion of Ukraine pushed investors away from riskier assets. The Nikkei index closed down 0.76 percent to record 2,6910.67 points, trimming most of its 2.11 percent losses in early trading, after reports of …

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• 21 February 2022 11:25 am

  The Euro Rises Supported by The Possibility of a Summit Between Biden and Putin

  

  The euro rose on Monday, supported by news of a possible summit between US President Joe Biden and Russian President Vladimir Putin to discuss the crisis in Ukraine. Details remain unclear, but French President Emmanuel Macron’s office said the two leaders had agreed in principle to hold a summit on …

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• 21 February 2022 10:41 am

  Gold Slips From Over 8-Month High

  

  Gold fell on Monday after hitting its highest level in more than eight months, as demand for safe havens waned after the US and Russian presidents announced their intention to hold a summit on the Ukraine crisis, and the metal came under further pressure from an expected interest rate hike …

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• 21 February 2022 10:23 am

  Australia Fully Reopens Borders After Two Years

  

  Australia on Monday fully reopened its international borders to travelers who have been vaccinated against the coronavirus, nearly two years after it closed due to the pandemic. More than 50 international flights will arrive in the country on Monday as the tourism and hospitality sectors look to rebuild after being …

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• 21 February 2022 9:58 am

  Oil Prices Jump Due to New Warnings About The Ukraine-Russia Conflict

  

  Oil prices rose more than a dollar in early trading on Monday amid growing concerns about a potential conflict between Russia and Ukraine, with the United States and the European Union making clear that Russia would face sanctions if it invaded its neighbor. Brent crude futures rose $1.34, or 1.4 …

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• 21 February 2022 5:33 am

  Weekly Recap 14-18 February

  

  The safe-haven Japanese yen weakened on Friday and risk-sensitive currencies such as the Australian dollar rose as investors took comfort from a plan for talks between the United States and Russia on the crisis in Ukraine. The euro rose as the dollar weakened. The yen and the Swiss franc, a …

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• 19 February 2022 3:14 am

  Market Drivers – US Session – 18 February

  

  During Friday’s session, the precious metal consolidated around the $1,886-$1,900 area, amongst exchanges of statements in news media between Russia, Ukraine, and NATO countries, keeping uncertainty around the current situation in Ukraine.Brent crude futures settled 57 cents, or 0.6%, higher at USD 93.54 a barrel, while American WTI crude ended …

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• 19 February 2022 3:00 am

  Gold Trapped In A $14 Range As Bulls Prepare An Assault Of $1900

  

  During Friday’s session, the yellow metal consolidated around the $1,886-$1,900 area, amongst exchanges of statements in news media between Russia, Ukraine, and NATO countries, keeping uncertainty around the current situation in Ukraine.The US 10-year Treasury yield fell five basis points sits at 1.925% in the bond market. At the same …

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• 19 February 2022 2:45 am

  Oil Traded At USD 91.07, Drilling Rigs Surge For Fourth Week

  

  Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by four to 520 this week. That followed a climb of 19 oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

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