Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 23 February 2022 1:32 am

  USD/CAD Pulls Back After Biden’s Sanction Announcement

  

  In choppy trading conditions as currency market participants observe developments in the rapidly escalating Russia-Ukraine crisis saw USD/CAD rally to test a key level of resistance in the upper 1.2700s on Tuesday. The pair has since pulled back from session highs in the 1.2780s to near the 1.2750 mark, where …

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• 23 February 2022 12:05 am

  Biden Condemns Putin and Announces New Sanctions

  

  Washington and its allies called the Kremlin’s recognition of two separatist regions a blunt defiance of international law that risks war. Western officials said Russian troops have entered eastern Ukraine.US President Biden on Tuesday announced harsh new sanctions aimed at punishing Russia for what he called “the beginning of a …

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• 22 February 2022 11:48 pm

  Biden: This is the beginning of a Russian invasion of Ukraine, will impose sanctions

  

  US President Joe Biden, in a national address on Tuesday, called the latest steps by Russia to recognize the independence of breakaway regions in eastern Ukraine, as well as to move troops into the area, the beginning of a Russian invasion of Ukraine.Biden’s speech comes amid calls by Lawmakers across …

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• 22 February 2022 11:28 pm

  Fed Minutes: Directors at 3 Fed banks voted to increase discount rate Before Jan meeting

  

  Directors at three of the Federal Reserves regional banks voted to increase the discount rate, or interest rate charged on commercial banks for emergency loans, ahead of the January FOMC meeting.Minutes released on Tuesday showed that rate hike recommendation came from the directors at the Federal Reserve banks of Cleveland, …

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• 22 February 2022 11:24 pm

  US Markit Manufacturing PMI rises to 57.5 Above expectation

  

  The economic activity in the US manufacturing sector continued to expand in February, at a faster pace than it did in January, with IHS Markit’s Manufacturing PMI rising to 57.5 (preliminary) from 55.5. This fresh reading came in above market’s expectation of 56.0. The pace of economic growth accelerated sharply …

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• 22 February 2022 10:14 pm

  WTI Traded Choppily Amid Ukraine’s Crisis Escalation, Retreats After Hitting $96.00

  

  Oil prices have witnessed considerable choppy performance on Tuesday, with front-month WTI futures at one point hitting fresh seven-year highs at the $96.00 level, before pulling back sharply to below $93.00. Choppy trade conditions are being driven by the unusually high level of uncertainty pertaining to ongoing escalation of the …

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• 22 February 2022 9:39 pm

  Ukraine’s Tension: China Among Few Winners, Losers Are Several

  

  Any Russian incursion into Ukraine would have far-reaching economic repercussions for global economies. There will be surely winners and losers. In this particular crisis, China will likely benefit from diversion of Russian exports. Energy Sanctions on Russian gas by the United States and its allies could pay dividends for China, …

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• 22 February 2022 8:33 pm

  Head of Russia’s Parliament: Putin asked for permission to use Russian troops abroad

  

  The head of the Russian parliament said on Tuesday that Russian President Vladimir Putin had asked for permission to use Russian troops abroad. The Russian parliament will now vote on this request. Presumably, this refers to Russia’s plans to set up military bases in the pro-Russia breakaway regions of Eastern …

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• 22 February 2022 8:23 pm

  EUR/GBP Sharply Retreats Amid Geopolitical tensions

  

  The EUR/GBP jumped on Tuesday from two-week lows near 0.8300 to 0.8382, reaching the highest level since last Wednesday. On American hours it is pulling back, trading back under 0.8350, after being unable to hold above the 20-day simple moving average (0.8370).The sterling pound weakened earlier on Wednesday following comments …

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• 22 February 2022 7:32 pm

  February’s US Consumer Confidence Falls Below Expectations

  

  According to the latest Consumer Confidence survey conducted by the US Conference Board, US Consumer Confidence fell to 110.5 in February from 111.1 in January. That was a smaller drop than the expected decline to 110.0. The Present Situation Index rose to 145.1 from 144.5 last month, while the Consumer …

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• 22 February 2022 5:36 pm

  Gold is Falling But Remains Near Its Highest Levels

  

  The price of gold retreated from its highest level since June on Tuesday, but the escalation of tension in eastern Europe could keep the demand for it driven as a safe haven. And gold fell in spot transactions 0.5% to $ 1895.76 an ounce, after hitting its highest level since …

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• 22 February 2022 4:13 pm

  The Latest Developments in The Ukrainian Crisis

  

  The US State Department said that more Russian troops, not fewer, are on the Ukraine border and they’re moving concerningly into fighting positions. However, they say there is still room for diplomacy unless they make the decision to go in. The latest Ukrainian intelligence report shows no evidence of Russian …

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• 22 February 2022 3:54 pm

  Germany’s Scholz Halts Nord Stream 2

  

  German Chancellor Olaf Scholz postponed the Nord Stream 2 gas pipeline certification, designed to bring Russian gas to Germany on Tuesday after Russia formally recognized two breakaway regions in eastern Ukraine. The €10 billion pipelines, which were recently completed but not yet operational, transported 55 cubic meters of natural gas …

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