Noor Trends News, Technical Analysis, Educational Tools and Recommendations
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 …
Read More »Market Analysis
February, 2022
-
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 …
Read More » -
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 …
Read More » -
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 …
Read More » -
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 …
Read More » -
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 …
Read More » -
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 …
Read More » -
19 February 2022 2:26 am
Geopolitics, Australian Wages Data Impacting AUD/USD
AUD/USD was unable to hold to the north of the 0.7200 level for a third successive trading session, despite solid jobs data earlier in the week keeping calls for RBA monetary tightening this year.At current levels in the 0.7170s, AUD/USD is trading a touch lower on the day, though still …
Read More » -
19 February 2022 12:52 am
USD Remains Cool Amid Geopolitical Chaos
Gold and the USD Indexes reacted energetically to the concerns raised by Eastern Europe’s tensions. However, only the US dollar can stay cool about its medium-term future.Geopolitical tensions uplift gold, silver and mining stocks, they are in rally mode each and every minute a doom-and-gloom headline surface. However, while the …
Read More » -
18 February 2022 11:54 pm
GBP/USD Cannot Break Above February Range
GBP/USD tried but was unable to break above its 1.3500-1.3650ish range that has prevailed for most of February. The pair fell back under 1.3600 in the US session as geopolitical angst remains elevated. That kept USD in demand and negated pushback against a 50bps March rate hike from Fed’s Williams.The …
Read More » -
18 February 2022 10:39 pm
US Equities Dipped In Second Successive Weekly Loss
US equity markets fell for a second successive session on Friday ahead of the long weekend and now look on course to post a second successive negative weekly close for the first time since November 2021.US equity investors said on Friday that they didn’t want to be caught exposed ahead …
Read More » -
18 February 2022 10:16 pm
Russian Economy Grows 4.7% in 2021, Quickest Pace Since 2008
The economy of the world’s top energy exporter grew the most in more than a decade in 2021, rebounding from a pandemic-related recession the year before as oil prices jumped and consumer spending grew. Russian gross domestic product rose 4.7% last year, the fastest since 2008, according to the Federal …
Read More » -
18 February 2022 9:25 pm
Fed’s Williams: Inflation is way too high right now
NY Fed President, influential FOMC member John Williams said on Friday that inflation is way too high right now, but there are some reasons for optimism that it will come down, according to Reuters. Additional Quotes:“Businesses that rely on people commuting to work in the office are seeing a slower …
Read More »