Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 16 February 2022 3:29 pm

  Oil Recovers Losses as Tensions Over Ukraine Persist

  

  Oil prices recouped some of their losses Wednesday, February 16, as investors evaluated conflicting statements about a possible withdrawal of some Russian troops from Ukraine’s borders, amid global supply shortfalls and rebounding fuel demand. Brent crude was traded at $93.86 a barrel at 10:00 GMT, up 62 cents, or 0.6%, …

  Read More »
• 16 February 2022 2:25 pm

  Euro Area Industrial Production Rises by 1.2% in December

  

  Industrial Production in the euro area increased by 1.2% on a monthly basis in December, Eurostat reported on Wednesday. This reading followed November’s expansion of 2.4% but surpassed the market expectation of 0.3%. In the EU, Industrial Production was up 0.7%. On a yearly basis, Industrial Production in the euro …

  Read More »
• 16 February 2022 1:28 pm

  Canadian CPI Preview: Forecasts From Three Major Banks

  

  Statistics Canada will release January Consumer Price Index (CPI) data on Wednesday, February 16 at 13:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of three major banks regarding the upcoming Canadian inflation data. NBF “While we expect strong print …

  Read More »
• 16 February 2022 1:10 pm

  UK Annualized Inflation Surges to 5.5%

  

  The UK Consumer Prices Index (CPI) 12-month rate came in at 5.5% in January when compared to +5.4% registered in December while beating expectations of a +5.4% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) rose …

  Read More »
• 16 February 2022 1:08 pm

  Japan Stocks Rise, Technology Sector Leads Gains

  

  Japanese shares rallied on Wednesday after losses for two consecutive sessions, and the technology sector led the gains, tracking its US counterpart after signs of easing tensions between Russia and Ukraine pushed Wall Street to a sharp rise. The Nikkei index jumped 2.2 percent to close at 27,460.40 points, while …

  Read More »
• 16 February 2022 5:11 am

  Market Drivers – US Session – 15 February

  

  The market mood improved on Tuesday as market players rushed to price in a de-escalation of the Russia-Ukraine tensions after the Russian Minister of Defense announced that some of the troops at the border would return to their bases.Nevertheless, comments from Russian President Vladimir Putin released during the American afternoon …

  Read More »
• 16 February 2022 4:14 am

  Oil Retreats From Fresh Highs On Russia’s Troop Withdrawal

  

  Oil tumbled over 3% on Tuesday, retreating from a seven-year high after Russia said some of its military units were returning to their bases following exercises near Ukraine, a move that appeared to de-escalate tension between Moscow and the West.It was not clear how many units were being withdrawn, and …

  Read More »
• 16 February 2022 3:56 am

  Japan Manufacturers’ Mood Sinks In February

  

  As per the latest Reuters Tankan poll, published early Wednesday morning in Asia, “Japanese manufacturers’ business confidence fell to an 11-month low in February as measures to contain the pandemic and high raw material costs hurt sentiment”, while USD/JPY remains sidelined around 115.60, after mildly positive performances in the last …

  Read More »
• 16 February 2022 3:49 am

  US Dollar index eases as investors digest news on Ukraine’s crisis

  

  The US dollar was down slightly on Tuesday as investors absorbed the latest news on the Russia-Ukraine standoff, with the dollar index briefly paring some of its losses late in the day after President Joe Biden said that a Russian attack on Ukraine remains a possibility.Biden, in nationally televised remarks, …

  Read More »
• 16 February 2022 3:33 am

  Russia-Ukraine Crisis Could Push Inflation Up To 10%

  

  The cost of living has already become very high in America. The Russia-Ukraine crisis could even make it worse and worse. Oil prices have jumped above $90 a barrel in recent weeks as the risk of a Russian invasion has increased.If the Russia-Ukraine crisis drives oil to about $110 a …

  Read More »
• 16 February 2022 2:14 am

  Schnabel: ECB Must Considered Prices When Deciding On Tapering

  

  European Central Bank executive board member Isabel Schnabel said on Tuesday, in an interview with the FT, that the bank must consider the “unprecedented” rise in house prices when it comes to assessing inflation and deciding on how fast monetary policy settings should be tightened. The FT framed her comments …

  Read More »
• 16 February 2022 1:32 am

  Biden Defending Ukraine could cause US economy pain

  

  President Joe Biden on Tuesday acknowledged the likelihood that US and allied sanctions on Russia in retaliation for an invasion of Ukraine would have significant blowback on the American economy, including possible price hikes and disruption to the nation’s energy supply.“The American people understand that defending democracy and liberty is …

  Read More »
• 16 February 2022 12:28 am

  US Economy Preview: Wholesale Prices Surge Amid Hot Inflation

  

  Producer price index jumps 1% in January. Wholesale prices of most goods and services, including beef, have risen sharply in the past year to drive the biggest increase in inflation in decades. US wholesale prices jumped 1% in January and showed there’s still plenty of inflation engulfing an economy facing …

  Read More »