Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 28 March 2022 7:26 pm

  OPEC+ to stick to May oil output increase plan

  

  The U.S., Europe and Japan have called on oil-producing nations to do more to tackle record-high prices amid the war in Ukraine and ongoing supply shortages. On Monday, OPEC+ group was reportedly expected to stick to the May oil output plan increase plan at the March 31 meeting as several …

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• 28 March 2022 4:56 pm

  US: International trade deficit narrows in February

  

  The international trade deficit of the US declined by $1 billion in February to $106.6 billion from $107.6 billion in January, the US Census Bureau reported on Monday. “Exports of goods for February were $157.2 billion, $1.9 billion more than January exports,” the press release further read. “Imports of goods …

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• 28 March 2022 4:28 pm

  Market Overview: Yen at 6-year low as Bank of Japan moves to contain bond yield surge

  

  The Japanese yen fell on Monday to its lowest level in six years against the dollar and is on track to record its largest daily loss since March 2020, after the Bank of Japan moved to contain rising bond yields even as US Treasury yields rose to new highs not …

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• 28 March 2022 3:04 pm

  Bank stocks support European stock markets

  

  European stock markets indices rose on Monday, boosted by banks and insurance companies, which are strongly affected by interest rate movements, as government bond yields continued to rise, while the atmosphere also improved with hopes of a peace agreement to end the Ukraine crisis. The pan-European Stoxx 600 index rose …

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• 28 March 2022 2:34 pm

  The rise in US oil exports leads to the withdrawal of crude from a storage center

  

  Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by seven to 531 this week. Traders said US oil exports have jumped in the wake of Russia’s invasion of Ukraine and that domestic oil that used to go to a storage hub …

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• 28 March 2022 1:55 pm

  Russian Foreign Minister: Relations between Russia and China are at their strongest ever

  

  Russian Foreign Minister Sergei Lavrov said that Russia and China relations are at their strongest ever, as Western countries seek to isolate Moscow with unprecedented sanctions over the Ukraine crisis. Beijing has repeatedly expressed its opposition to the sanctions, insisting it will maintain normal economic and trade relations with Russia, …

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• 28 March 2022 1:42 pm

  UAE Energy Minister: We will work with OPEC + to ensure market stability

  

  The UAE Energy Minister, Suhail Al Mazrouei, said today, Monday, that the UAE will work with OPEC + to ensure the stability of the energy market, according to what was reported by Reuters. He added in an energy forum that the UAE is trying its best and raising its production …

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• 28 March 2022 12:59 pm

  The price of gold fell one percent as the dollar rose

  

  Gold prices fell more than one percent on Monday after the US dollar rose. Treasury yields settled near multi-month highs as investors focused on potential peace talks between Russia and Ukraine dented gold’s safe-haven appeal. Spot gold prices fell 1.2 percent to $1,934.61. US gold futures fell one percent to …

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• 28 March 2022 12:29 pm

  The Nikkei’s nine-day rally stopped, and the Bank of Japan’s move limits losses

  

  Japan’s Nikkei fell on Monday, giving up a nine-day rally as investors book profits ahead of the end of the fiscal year this week. The Nikkei index closed down 0.73 percent to 27,943.20 points, after rising about 12 percent in the past nine days, to touch its highest level in …

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• 28 March 2022 11:45 am

  Oil slips as concerns increase over lower demand after Shanghai shutdown

  

  Oil prices fell more than $5 on Monday as concerns grew about slowing fuel demand in China after authorities in the country’s financial hub Shanghai said they would implement a two-stage shutdown to contain an increase in coronavirus cases. Brent crude futures fell to $115.32 and fell $5.15, or 4.3 …

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• 28 March 2022 3:20 am

  Weekly Recap – 21-25 March

  

  Geopolitics continued to impact the economic outlook throughout the previous week. Christine Lagarde emphasized the punitive measures were designed to target the regime, not the Russian people, while new “fiscal remedies are still needed” to stabilize Europe’s economy.Russia’s invasion of Ukraine on 24 February has fundamentally brought about deep economic …

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• 26 March 2022 3:29 am

  Market Drivers – US Session – 25 March

  

  The US dollar climbed against its most major counterparts in the New York session on Friday, as US treasury yields rose amid growing expectations that the Federal Reserve will tighten monetary policy aggressively to curb high inflation.The benchmark yield on the 10-year treasury note spiked up to 2.462 percent. Yields …

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• 26 March 2022 3:11 am

  US Shares Close Mixed As Traders Hunt For Fed’s Policy Direction

  

  US equities were mixed throughout Friday but eventually closed higher for the week after a streak of up and down days on Wall Street as investors digest the path ahead for the US central bank’s interest rate hikes and a host of new sanctions imposed by Western nations against Russia.The …

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