Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 11 March 2022 12:35 am

  Goldman Sachs Becomes First Wall Street Bank to Leave Russia

  

  Goldman Sachs said Thursday (Feb. 10) it has suspended its business in Russia, becoming the first major US banking group to leave that country after its war with Ukraine, and increasing pressure on its rivals to follow suit. Operating in Russia has become increasingly difficult for Western financial institutions with …

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• 11 March 2022 12:32 am

  YouTube and Google Play suspend payment services in Russia

  

  Alphabet-owned Google’s YouTube and Google Play have suspended all payment services in Russia, including subscriptions, after Western sanctions began posing banking challenges in the country. Google will also temporarily stop ads from advertisers in Russia across its worldwide domains and networks. This comes on top of the company’s recent suspension …

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• 10 March 2022 9:45 pm

  Will Oil Prices React To Putin’s Comments?

  

  Russian President Vladimir Putin said to ministers that Russia is at the moment adhering to its obligations on energy exports, noting that it is surprising that “we are doing this”. Regarding the US ban on Russian oil imports, Putin noted that inflation in the US is surging and the West …

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• 10 March 2022 8:56 pm

  Danske Bank: ECB Could Raise Rate Hike Likely In July Or December

  

  The European Central Bank at today’s meeting moved mostly in line with market expectations.Analysts at Danske Bank point out the ECB delivered according to their expectations by announcing an end date to the APP, formally ending the PEPP, removing the ‘or lower’ from the forward rate guidance, and extending the …

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• 10 March 2022 8:49 pm

  Wells Fargo: US February’s CPI Presented No Surprises

  

  Data released on Thursday showed inflation in the US reached in February the highest level since 1982. Although the magnitude and drivers were largely as expected, inflation continues to rage at a pace deeply unsettling for consumers and policymakers alike, explained analysts at Wells Fargo. Key Quotes: “For the first …

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• 10 March 2022 7:49 pm

  US Shares Pull back Amid Disappointing Russia-Ukraine talks, Hot US CPI Data

  

  US equity indices have pulled back on Thursday as Wednesday’s exuberance is pared following limited progress in Russia/Ukraine talks.The S&P 500 fell 0.7% with traders also focused on another rise in the YoY rate of US CPI.US equity indices have broadly reversed lower on Thursday in tandem with their global …

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• 10 March 2022 7:20 pm

  Gold Gets Prepared To Resume Advance

  

  Gold Price is looking for direction at around $2,000 amid multiple first-tier events.The ECB has announced hawkish measures, and has expressed concerns about the ongoing Eastern Europe conflict.Skyrocketing US inflation reached yet another multi-decade high in February.The Gold Index is little changed post-Wall Street’s opening, hovering just above the $2,000 …

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• 10 March 2022 6:34 pm

  Could A Digital US Dollar Compete With Crypto Assets?

  

  President Biden ordered federal agencies to study implications of government-backed digital currency The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It is considering digitizing the US dollar, giving people money they can access on their phone and bypassing electronic payments that …

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• 10 March 2022 5:45 pm

  Gold Rises as Investors Follow Talks Between Russia And Ukraine

  

  Gold strengthened on Thursday after a sharp decline in the previous session as concerns about the Russia-Ukraine crisis persisted after the lack of progress in talks between the two sides, while also likely to affect important US inflation data. Spot gold rose 0.2 percent to $1,996.09 an ounce, after falling …

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• 10 March 2022 4:48 pm

  ECB Leaves Rates Unchanged as Expected

  

  The European Central Bank announced on Thursday that it had left interest rates unchanged, with the deposit rate still at -0.5%, as had been expected by market participants. The central bank also announced new adjustments to its quantitative easing plans. to be updated

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• 10 March 2022 3:54 pm

  The Euro Falls as Traders Await The European Policy Response to The War in Ukraine

  

  The euro gave up some overnight gains on Thursday after its biggest daily jump since 2016, as traders awaited the European Central Bank meeting and an EU summit to highlight how the bloc’s policymakers responded to Russia’s invasion of Ukraine. The single currency benefited on Wednesday from a shift in …

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• 10 March 2022 2:50 pm

  European Shares Decline Before The European Central Monetary Policy Decision

  

  European shares fell on Thursday, ahead of talks between Russia and Ukraine and the European Central Bank’s monetary policy decision that may highlight the impact of the conflict on the Eurozone economy. The pan-European STOXX 600 index fell 0.7 percent, after rising in the previous session, which witnessed its best …

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• 10 March 2022 1:43 pm

  Egypt Signs $5 Billion Agreement With Norway’s Scatec to Produce Green Ammonia

  

  A statement issued by the Egyptian Cabinet stated that Egypt had signed a memorandum of understanding with the Norwegian renewable energy company Scatec regarding a project to produce green ammonia from green hydrogen. The statement added that the agreement concluded by the company with the General Authority for the Economic …

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