Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 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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• 22 February 2022 3:38 pm

  BofA: Brent Crude at $120 in The Middle of This Year.

  

  The Research Center at Bank of America expected the price of Brent crude oil to reach the level of 120 dollars per barrel by the middle of this year. Today, the price of oil rose to its highest level since 2014, following Russia’s recognition of the separatist republics in eastern …

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• 22 February 2022 3:17 pm

  Germany: IFO Business Climate Improves to 98.9 in February

  

  The headline German IFO Business Climate Index improved to 98.9 in February from 96 (revised from 95.7 in January). This reading came in higher than the market expectation of 96.5. The Current Assessment Index rose to 98.6 from 96.2 and the Expectations Index advanced to 99.2 from 95.8. Both of these …

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• 22 February 2022 2:21 pm

  Euro Volatility Index Rises as Ukraine Crisis Escalates

  

  The euro’s one-month volatility jumped to a 15-month high on Tuesday, as the single currency was hurt by increased risk aversion amid rising gas prices and escalating tensions in Ukraine. Russian President Vladimir Putin ordered troops into two breakaway regions in Ukraine, sending the one-month euro volatility index to its …

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• 22 February 2022 1:45 pm

  European Shares Fall to Their Lowest Level in Seven Months Due to The Ukraine Crisis

  

  European shares fell in early trading on Tuesday to their lowest levels in seven months, as investors worried about the possibility of economic sanctions against Russia, which has ordered the deployment of troops in two breakaway regions in eastern Ukraine. The pan-European Stoxx 600 index fell 1.7 percent, down for …

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• 22 February 2022 12:45 pm

  Oil Rises Due to a New Escalation in The Ukrainian Crisis

  

  Oil prices jumped more than $2 on Tuesday amid fears of supply disruptions as tensions escalated between Russia and Ukraine after Moscow ordered troops into two breakaway regions in eastern Ukraine. Moscow’s move drew international condemnation, and US officials said Washington, in coordination with allies, was planning to announce new …

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• 22 February 2022 12:07 pm

  Japanese Stocks Close Lower For The Fourth Day

  

  Japan’s Nikkei closed lower on Tuesday for the fourth consecutive session as tensions escalated over Ukraine. The Nikkei fell 1.71 percent to 26,449.61 points, but it made up for part of a 2.5 percent loss. The broader Topix index fell 1.55 percent to 1881.08 points, to close down for the …

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• 22 February 2022 3:14 am

  How Could Looming Ukraine’s Conflict Impact Global Economy

  

  Countries that depend on the region’s rich supply of energy, wheat, nickel and other staples could feel the pain of price spikes.After getting battered by the pandemic, supply chain bottlenecks and price jumps, the global economy is expected to be sent on one more unpredictable course by an armed clash …

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