Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 23 March 2022 2:16 pm

  America and Britain agree to remove duties on products including steel and aluminum

  

  On Tuesday, March 23rd, the United States ended a long-running dispute with Britain over US steel and aluminum tariffs. America said that the two allies will work closely to confront the excess capacity in the market from economies that do not work with their mechanisms, such as China. US Commerce …

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• 23 March 2022 1:33 pm

  Turkish Consumer Confidence Rises 72.5% in March

  

  Turkish consumer confidence rose 1.3 percent to 72.5 points in March, official data showed on Wednesday, rebounding from a dip last month and ignoring any impact of the conflict in Ukraine. Turkish consumer confidence hit a record low in December due to the depreciation of the lira. It had plunged …

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• 23 March 2022 12:50 pm

  The Dollar Index is Losing The Bullish Momentum

  

  The dollar index settled near 98.4 during trading on Wednesday, after it failed to achieve sharp daily gains in the previous session, as investors weighed up optimistic statements from Federal Reserve officials in exchange for improved risk appetite that sent global stocks higher. The dollar jumped last Monday after Federal …

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• 23 March 2022 12:33 pm

  A new jump in inflation in Britain to reach its highest level in 30 years

  

  Britain’s inflation rose to a 30-year high of 6.2 percent last month, official data showed on Wednesday, the highest end of analysts’ expectations. The median forecast in a Reuters poll of economists had called for a reading of 5.9 percent.

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• 23 March 2022 11:52 am

  Japan shares close at the highest level in two months

  

  Japanese stocks closed on Wednesday at their highest levels in more than two months, as technology shares rose, following in the footsteps of their US counterparts, and auto stocks gained as the yen weakened. The Japanese Nikkei index closed up by three percent to record 28,040.16 points. The broader Topix …

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• 23 March 2022 4:09 am

  Market Drivers – US Session – Tuesday 22 March

  

  The US dollar edged lower against most major rivals on Tuesday, except against the Japanese yen, with USD/JPY soaring to 121.02, its highest since February 2016. Economic DataManufacturing activity in the US central Atlantic region rebounded in March after growing marginally in February, according to a survey from the Federal …

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• 23 March 2022 3:11 am

  Nike, Pfizer, Alibaba Stocks Among North America Session’s Winners

  

  Shares of Nike jumped 2.2% after the company reported a beat on the top and bottom lines in the third quarter. The retailer reported earnings of 87 cents per share on revenues of $10.87 billion, topping estimates of 71 cents per share on revenues of $10.59 billion. Nike delayed giving …

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• 23 March 2022 2:06 am

  US companies’ revenue impacted by slower growth in China

  

  China’s economic growth is forecast to slow amid fresh coronavirus outbreaks, denting profits for US firms. But disruptions to Chinese manufacturing could steer factory orders to Southeast Asia.US companies stand to earn less this year in China as growth slows in the world’s second largest economy. Slowing growth in the …

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• 23 March 2022 1:42 am

  After A Major Step, Bitcoin Price Touches 3 Weeks High

  

  Bitcoin rose to a three-week high as cryptocurrencies moved with major stock market indices. Bitcoin rose to $42,673, up 4.1% within the previous 24 hours.The price of the largest cryptocurrency by market value touched $43,337 earlier Tuesday, the highest point since 3 March.Bitcoin’s price is, broadly, moving in line with …

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• 23 March 2022 12:22 am

  Wall Street’s Tuesday Session Generally Green.

  

  The sell-off of US Treasuries continues, while the 10-year yield closes to 2.40%. US stocks recovered on Tuesday, following Monday’s hawkish remarks of Fed Chief Jerome Powell, who said that “inflation is too high” and opening the door for 50 basis points increases.The S&P 500 is advancing some 1.10%, sitting …

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• 22 March 2022 11:52 pm

  Barclays: US Dollar’s Rally Likely Nearing Its Peak

  

  The dollar is likely to head higher in the coming months before weakening in the second half of the year as the outperformance of the US economy fades and investors’ risk appetite improves, according to Barclays Plc. While tighter monetary policy, a resilient US economy and demand for havens due …

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• 22 March 2022 11:32 pm

  Fed’s Daly: US has a typical recipe for inflation

  

  San Fransisco Fed President Mary Daly said on Tuesday that the US now has policy-supported demand combined with fragile supply chains, which is a recipe for inflation. Key Quotes On Monetary Policy“It’s time to remove accommodation, marching up to neutral, looking if we need to go over neutral.”“Right now full …

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• 22 March 2022 11:06 pm

  Biden To Announce Additional Russia Sanctions During Europe Trip

  

  US President Biden intends to announce a new Russia sanctions package during his visit to Europe this week, including measures to crack down on sanctions evasion, White House national security adviser Jake Sullivan said at a press briefing Tuesday.Ukrainian President Volodymyr Zelensky has pleaded with the West to impose new …

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