Open Demo Account

Market Analysis

March, 2022

  • 18 March 2022 10:39 pm

    Baker Hughes: US oil rigs down despite $100 prices

    US energy firms this week reduced the number of oil rigs active in the United States even as crude prices continued to trade over $100 a barrel after Russia’s invasion of Ukraine stoked global energy supply concerns.That was the second decline for the oil rig count in three weeks after …

    Read More »
  • 18 March 2022 10:23 pm

    US Equities Rally For Best One Week Gain Since November

    US equities are higher for a fourth session, with the S&P 500 breaking to its highest levels since Russia invaded Ukraine. The index is trading in the 4430s, up 0.6% on the day and over 5.5% on the week. That would mark the best week of gains since November 2020.US …

    Read More »
  • 18 March 2022 9:21 pm

    EUR/USD Retreats Amid Euro Profit Taking

    After a strong week, the euro is suffering from some profit-taking and EUR/USD has fallen back to the mid-1.10s. EUR/USD’s failure to press higher beyond the 1.1100 level was likely also due to hawkish Fed commentary.Though not the worst-performing currency in the G10 on the day, the euro currently sits …

    Read More »
  • 18 March 2022 9:11 pm

    Stocks fluctuate awaiting geopolitical updates, Hawkish Fed Speak

    The end of another long week has Wall Street bracing for another rollercoaster ride as investors digest President Biden’s crucial call with Xi and await to see if any possible pathways emerge for ending the conflict in Ukraine, all while roughly $3.5 trillion of single-stock and index-level options expire.The days …

    Read More »
  • 18 March 2022 8:56 pm

    US Dollar Rebounds As Fed Officials Comment On Rates

    The US dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.St. Louis Federal Reserve President James Bullard called for a dramatic …

    Read More »
  • 18 March 2022 8:06 pm

    Russia, Ukraine most aligned on neutrality, demilitarization

    According to Russia’s Chief Negotiator Vladimir Medinsky, Russia and Ukraine’s views are most aligned on the latter’s status as a “neutral” country and offer not to join NATO, reported Russia’s state-run Interfax news outlet.Russia and Ukraine are currently discussing nuances linked to security guarantees for Ukraine should it refuse to …

    Read More »
  • 18 March 2022 7:55 pm

    Gold Prices Challenge Pressures

    Gold is set to register its largest one-week loss since November. In case next week’s developments point to a further escalation of the conflict, gold should gather strength and start erasing this week’s losses. On the other hand, the precious metal could come under renewed selling pressure if markets remain …

    Read More »
  • 18 March 2022 7:43 pm

    Fed’s Kashkari: Sees rates at 1.75-2.0% by the year’s end

    Federal Reserve Bank of Minneapolis President Neel Kashkari said on Friday that he sees the Federal Funds target range rising to 1.75-2.0% by the year’s end and that he sees the neutral rate of interest at 2.0%, reported Reuters. If inflation is enduring, the Fed will need to get modestly …

    Read More »
  • 18 March 2022 7:39 pm

    China has plans to invade Taiwan next fall

    China has plans to invade Taiwan as soon as next fall, according to Newsweek based on a Russian intelligence document.Traders are treating the report with skepticism. Many geopolitical analysts had viewed recent geopolitical events regarding Russia’s invasion of Ukraine as likely to dissuade China from mounting an assault on Taiwan …

    Read More »
  • 18 March 2022 6:11 pm

    US Existing Homes Sales Fall in February

    US Existing Home Sales over the last 12 months fell to 6.02M in February from 6.49M in January, larger than the expected drop to 6.10M, according to data released by the National Association of Realtors. That marked a 7.2% MoM drop in the 12-month rolling sales number in February versus …

    Read More »
  • 18 March 2022 5:20 pm

    The euro is on its way to the largest weekly rise in 6 weeks

    The euro fell on Friday but was on track for its biggest weekly gain in six weeks as traders breathed a sigh of relief after Russia avoided defaulting on dollar-denominated debt and markets digested the broader impact of the start of the US interest rate hike cycle. The euro slipped …

    Read More »
  • 18 March 2022 4:49 pm

    Canada: Retail Sales rise by 3.2% in January

    Headline Canadian Retail Sales rose at a pace of 3.2% MoM in January, much stronger than the expected 2.4% gain, marking a strong rebound from December’s Omicron Covid-19 variant induced drop of 1.8% MoM, data released by Statistics Canada showed on Friday. Retail Sales excluding autos also saw stronger than …

    Read More »
  • 18 March 2022 3:33 pm

    Nickel prices fell 12% on the London Metal Exchange

    3-month nickel contracts retraced 12% on Friday morning to new trading levels, as heavy selling continued in the international metals markets. The price reached 36,915 dollars per metric ton with the opening of trading on the London Metal Exchange. Nickel prices doubled within hours on March 8, surpassing $100,000 a …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends