Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 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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• 26 March 2022 1:59 am

  Canadian dollar gains for 9th day on favorable yield spreads

  

  The Canadian dollar gains against the USD. It was trading 0.4% higher at 1.2477 to the USD, or 80.15 US cents, after touching its strongest intraday level since Jan. 20 at 1.2471. It was the ninth consecutive day of gains for the Canadian currency, which is the longest winning streak …

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• 26 March 2022 12:54 am

  Baker Hughes: Weekly US Oil-Drilling Rig Count Climbs

  

  Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by seven to 531 this week. That followed a decline of three oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

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• 26 March 2022 12:25 am

  US Dollar Benefits From Higher Treasury Yields

  

  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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• 25 March 2022 11:15 pm

  BoC’s Kozicki: “Prepared to act forcefully” to return inflation to 2.0% target

  

  The Bank of Canada is “prepared to act forcefully” to return inflation to its 2.0% target, said Deputy Governor Sharon Kozicki on Friday. Key Quotes:“It’s important to be clear that returning inflation to the 2% target is our primary focus and unwavering commitment.”“The pace and size of rate hikes and …

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• 25 March 2022 9:35 pm

  Gold Set For Solid Weekly Gains Despite Higher Yields

  

  Gold (XAU/USD) prices have seen indecisive, two-way price action in recent trade, swinging between the mid-$1940s and $1960s. A sharp rally in US yields to fresh multi-year highs to reflect an upping of hawkish Fed bets as market participants reacted to a chorus of major US banks issues hawkish new …

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• 25 March 2022 8:20 pm

  Fed Bets On Soft Landing, But Recession Risk Still Looming

  

  US central bank policymakers have made it clear that they will do what it takes to control inflation. They are betting on a soft landing, but a bumpy one is still a risk.Jerome Powell, the Federal Reserve chair, emphasized this week that the central bank he leads could succeed in …

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• 25 March 2022 8:08 pm

  Michigan Consumer Sentiment Mostly Unchanged In March

  

  Consumer Sentiment remained largely unchanged in late March at the same diminished level recorded at mid month. Inflation has been the primary cause of rising pessimism, with an expected year-ahead inflation rate at 5.4%, the highest since November 1981. Inflation was mentioned throughout the survey, whether the questions referred to …

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