Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 22 March 2022 12:18 pm

  Nikkei continues gains for the sixth session

  

  Japan’s Nikkei rose for a sixth straight session on Tuesday, posting its longest winning streak since September, as rising oil prices boosted energy stocks, while financial services stocks gained on higher global bond yields. The Nikkei closed up 1.48 percent to 27,224.11 points, after touching its highest level since February …

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• 22 March 2022 3:21 am

  Market Drivers – US Session – Monday 21 March

  

  The USD started the American session on the back foot but gradually strengthened following hawkish comments by US Fed Chair Jerome Powell. Speaking about the economic outlook at the National Association for Business Economics Annual Economic Policy Conference, Powell said that if they need to raise fed funds rate by …

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• 22 March 2022 3:06 am

  Biden: Russia Planning Cyberattacks Against US

  

  Late Monday, US President Joe Biden warned CEOs to protect their companies against potential cyberattacks and urged them to invest more in cybersecurity.More CommentsPutin’s back is against the wall and he is talking about new false flags such as biological weapons. That is a clear sign Putin is considering using …

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• 22 March 2022 2:09 am

  Trading In Evergrande’s Shares Suspended

  

  Shares of China’s Evergrande Group and two key subsidiaries were halted from trading Monday pending the release of inside information, pointing to a potential advance in the planned restructuring of the giant developer.Hong Kong-listed Evergrande, China Evergrande New Energy Vehicle Group Ltd. and Evergrande Property Services Group Ltd. were halted …

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• 22 March 2022 1:53 am

  Boeing 737 Crash Real Test For Investor Confidence

  

  The crash of a Boeing jet in China sent the company’s shares down 5.6% at one point Monday, signaling a test of investor confidence just as the plane maker was starting to put a number of crises in its past.A Boeing 737-800 plane carrying 132 people for China Eastern Airlines …

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• 22 March 2022 1:38 am

  GBP/JPY Advances As UK Yields Surge, Eying Annual Highs

  

  The GBP/JPY pair advanced above 157.00 on Monday despite a somewhat risk-off market feel and is eyeing annual highs near 158.00.The pair was lifted by a surge in UK yields in tandem with their global peers. With dovish vibes expected from BoE’s Bailey later this week and fragile risk appetite, …

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• 22 March 2022 1:22 am

  Goldman Sees Egypt Inflows, Smoother IMF Path After EGP Plunges

  

  Egypt’s move to allow a weaker pound is winning praise from money managers including Goldman Sachs Group Inc. who say it will arrest foreign-capital outflows and boost the nation’s chances of winning the next International Monetary Fund loan. The Egyptian pound tumbled as much as 14% to 18.2323 per dollar …

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• 22 March 2022 12:15 am

  Gold Price Higher Despite Powell’s Hawkish Comments

  

  Gold has advanced on Monday despite the US dollar and yields rising in wake of hawkish Powell commentary. The Gold Index is in the $1940 zone; eyeing recent highs around $1950 as inflation and geopolitical concerns linger.Gold has mostly been trading on the front-foot during US trading hours, despite the …

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• 21 March 2022 11:49 pm

  US Treasury Yields Surge to the Highest Levels Since 2019

  

  Treasuries slumped, sending the two-, five- and 10-year yields to the highest levels since May 2019, as policy makers in the US and Europe cranked up expectations for higher borrowing costs in the face of mounting inflationary pressures.Another round of selling arrived in the early afternoon in New York after …

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• 21 March 2022 11:20 pm

  Cash Crunch Drives Wild Moves In Commodities

  

  Exchanges and brokers are demanding more money up front to trade oil, wheat and natural gas, straining markets already dealing with supply disruptions from the Ukraine war. Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn …

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• 21 March 2022 10:10 pm

  US Stocks Muted, Treasuries Sell Off As Traders Digest Ukraine War Impact

  

  After best week for Wall Street and European equities since 2020, traders at the New York Session witness benchmark S&P 500 share index moving between small gains and losses on Monday. Wall Street and European stocks were subdued on Monday, after their best week since 2020, while US government bonds …

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• 21 March 2022 9:52 pm

  Fed Chair Sees No Highly Possible Recession Next Year

  

  Fed Chair Jerome Powell remarked in a speech on Monday that he doesn’t see an elevated likelihood of a recession in the next year, reported Reuters. Additional Remarks: “It’s hard to say what the economy will look like in wake of recent events, but no one is sitting around waiting …

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• 21 March 2022 9:26 pm

  Gold Price Off Its Highs On Powell’s Inflation Related Comments

  

  Gold prices have fallen from their session highs but are still holding on to gains even as Federal Reserve Chair Jerome Powell signed that the central bank could aggressively tighten interest rates more than markets are expecting.The gold market appears to be taking the hawkish comments in stride. April gold …

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