Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 30 March 2022 3:05 am

  Market Drivers – US Session – 29 March

  

  The US dollar plunged mimicking other safe-haven assets amid renewed hopes for a diplomatic solution to the Russia-Ukraine crisis. Risk appetite surged following news headlines indicating a de-escalation of Russian attacks around Kyiv and Chernihiv, as announced by Russia’s mediator Vladimir Medinsky.Ukraine has suggested a new security guarantee system, with …

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• 30 March 2022 2:57 am

  US ADP Employment Expectations As Job Creation Slows Down

  

  While yield curve flattens, US ADP payrolls are expected at 438K in March, NFP at 475K. US yield curve is flattening, tolling the bells and ringing recession alarm amid 50-bps Fed’s rate hike bets next May.Fed Chair Powell believes the labour market is strong enough, recession seems unlikely, but could …

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• 30 March 2022 2:26 am

  US Dollar Index Fails To Hold On Positive Market Sentiment

  

  The US dollar index (DXY) has witnessed a serious plunge near 99.40 after its failed attempts of touching the psychological figure of 100.00. Souring market sentiment on obscurity over the progress of the Russia-Ukraine peace talks.Talks were providing a cushion to the strong dollar, but risk sentiment turned active after …

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• 30 March 2022 1:45 am

  US Stocks Gain Momentum In Last Hour Trading

  

  US stocks rose on Tuesday, with the Dow and S&P notching their fourth straight session of gains, on optimism some progress was being made toward a deal to resolve the conflict between Russia and Ukraine.Russia pledged to cut down on military operations around Kyiv and in northern Ukraine, while Ukraine …

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• 30 March 2022 1:01 am

  Oil Recovers Losses As API Reports Large Crude Inventory Draw

  

  The American Petroleum Institute (API) estimated that there was a draw this week for crude oil of 3.0 million barrels, compared to analyst predictions of a 1.558 million barrel draw. US crude inventories have shed 80 million barrels since the start of 2021 and about 23 million barrels since the …

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• 30 March 2022 12:11 am

  Microstrategy Subsidiary To Purchase Bitcoin After Closing $205m Crypto Loan

  

  The price of Bitcoin surged to $47,806 on Tuesday, making MicroStrategy’s current 125,051 BTC holdings worth roughly $6 billion. MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan. MacroStrategy, a subsidiary of business intelligence firm MicroStrategy, said it will purchase Bitcoin after obtaining a multimillion dollar loan from Silvergate …

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• 29 March 2022 9:57 pm

  USD/CAD Unchanged Amid Improved Market Sentiment

  

  The USD/CAD pair is flat during the North American session after a volatile Monday’s session, which pushed the pair towards a weekly high at 1.2592, retreating afterward towards the 1.2510 area. At the time of writing, the USD/CAD is trading at 1.2514.The geopolitical situation in Ukraine progressed, lifting the market …

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• 29 March 2022 9:41 pm

  US Official: Firms must choose between Russia and West

  

  Wally Adeyemo, the US Deputy Treasury Secretary, said firms could “choose to help Russia” in its invasion of Ukraine or “continue to do business with the 30 countries” that have imposed sanctions.He said Ukraine’s allies were committed to issuing more sanctions. He also warned Russian oligarchs “we’re going to come …

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• 29 March 2022 8:35 pm

  Gold Rebound From Monthly Lows At $1890, Back Above $1910

  

  Gold tumbles to $1890 and then rebounds more than $20. Volatility is set to remain high amid news from Ukraine and sharp moves in the Treasury market. Bearish bias prevails in XUA/USD, more losses seen on a consolidation under $1900.Gold is having another volatile session on Tuesday. Price dropped sharply …

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• 29 March 2022 8:02 pm

  ECB’s Vasle: Interest rate hike this year feasible

  

  European Central Bank Governing Council member Bostjan Vasle on Tuesday said that an interest rate hike this year is feasible, reported newswires. It would be prudent for the ECB not to increase current uncertainties, he added, noting the important of monetary policy predictability. Markets did not immediately react to Vasle’s …

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• 29 March 2022 7:52 pm

  US job openings Retreat In February

  

  US job openings inched lower last month to retreat only modestly from a record high, and vacancies still far outpaced new hires as employers struggled to bring back more sidelined workers.Though vacancies decreased in the latest survey, the data have been volatile and have yet to show a sustainable trend …

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• 29 March 2022 7:40 pm

  US Consumer Confidence Surges In March

  

  US consumer confidence bounced back in March and remains high, though consumers’ short-term outlook is not promising.The Conference Board, a business research group, said Tuesday that its consumer confidence index, which takes into account consumers’ assessment of current conditions and their outlook for the future, rose to 107.2 in March …

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• 29 March 2022 7:23 pm

  Fed’s Harker: Interest rate hikes deliberate, methodical

  

  Philadelphia Fed President and FOMC member Patrick Harker said on Tuesday that interest rate hikes are to be “deliberate” and “methodical”. Inflation is “far higher than … we are comfortable with” Harker said, caveating that “there are some signs in the data, and in what we hear from our contacts, …

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