Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 23 February 2022 2:51 pm

  Eurozone Final Inflation Arrives at 0.3% MoM in January

  

  Eurozone’s Inflation came in at 5.1% in January, on a yearly basis, according to Eurostat’s final reading of the Eurozone CPI report for the month. The reading was in line with the estimates of 5.1% and 5.1% previous. Core figures rose by 2.3%, matching the 2.3% consensus forecasts. When compared …

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• 23 February 2022 1:49 pm

  Japan Imposes New Sanctions Against Russia

  

  The Prime Minister of Japan, Kishida Fumio, announced the imposition of sanctions against Russia against the backdrop of Russia’s recognition of the independence of the Donetsk and Luhansk People’s Republics from Ukraine. Japan’s sanctions stipulate banning exports from the republics of Donetsk and Luhansk, freezing the assets of their officials, …

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• 23 February 2022 1:13 pm

  Ukraine Calls Up Reservists

  

  The Ukrainian Armed Forces said in a statement that on Wednesday, February 23, they began recruiting reservists between the ages of 18 and 60, in implementation of a decree issued by President Volodymyr Zelensky. She added that the maximum service period is one year. Zelensky said on Tuesday that he …

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• 23 February 2022 12:26 pm

  Oil Near Its Highest Level Since 2014

  

  Oil prices jumped close to $100 a barrel on Tuesday after Moscow ordered troops into two breakaway regions in eastern Ukraine, but the market pared gains to close to its highest level since 2014 following efforts by Western countries to halt what they fear may be the start of a …

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• 23 February 2022 2:31 am

  Market Drivers – US Session – 22 Feb. 2022

  

  Relatively short wave of optimism touched financial markets during London trading hours, as Ukrainian President V. Zelenskyy said that he believes there would not be war nor a wider escalation. Economic DataMarkit flash PMIs for the EU, and the US were generally encouraging, indicating economic expansion in February as the …

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• 23 February 2022 2:28 am

  US Bliken’s Remarks Impact gold market sentiment

  

  Gold: US Bliken’s Remarks Impact market sentiment Gold prices were trapped in a range as sellers emerge to sell the news on Russia. Fed is moving back into focus as the Russian risk premium starts to decay. Traders watching for further deployment of Russian troops in expanded borders of Donetsk …

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• 23 February 2022 2:08 am

  US Equities recover after Biden’s Speech

  

  The US equities recovered from intra-day lows on Tuesday in wake of US President Joe Biden’s announcement of new sanctions targeting Russian banks, sovereign debt and wealthy individuals, joining the UK and EU who had already announced similar measures.After Biden’s remarks, where he urged that the door for diplomacy remains …

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• 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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