Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 11 March 2022 11:18 am

  Top energy companies prepare to launch new $1 bln clean tech fund -sources

  

  A group of the world’s largest oil and gas companies is preparing to launch a new fund worth more than $1 billion to invest in new technology-focused on reducing greenhouse gas emissions from energy use, sources said on Thursday. The Oil and Gas Climate Initiative, which brings together 12 of …

  Read More »
• 11 March 2022 10:38 am

  The Russian Ruble is Rising Slightly, But The Outlook Remains Gloomy

  

  The ruble rebounded in Moscow and foreign exchange markets on Thursday after the first official talks between the foreign ministers of Russia and Ukraine, although the meeting made no progress towards a ceasefire. The currency has lost up to 50 percent of its value against the dollar this year in …

  Read More »
• 11 March 2022 4:28 am

  Market Drivers – US Session – 10 March

  

  The US dollar index has rebounded sharply from 97.72 on Thursday and is settling above 98.50 as inflation levels in the US hit skyscrapers.The USD managed to post gains vs its European rivals and the JPY but lower against commodity-linked currencies.Economic Data:The US Bureau of Labor Statistics reported the US …

  Read More »
• 11 March 2022 3:15 am

  USD/CAD Ignoring Softer Oil

  

  The USD/CAD pair fades bounce off 10-DMA as markets brace for monthly jobs report. Hawkish hopes from the BOC, previous rally in oil prices favor bears.Russia-Ukraine tussles, firmer US Treasury yields challenge further downside. Canadian employment data may provide another reason for the BOC to extend its rate-hike trajectory.USD/CAD remains …

  Read More »
• 11 March 2022 3:00 am

  Yellen Expects US Inflation To Remain High This Year

  

  US Treasury sec Janet Yellen says it is likely to see inflation stay uncomfortably high this year.Key Comments ”Don’t want to make inflation predictions for H2 2022.”“I think that the labour market will remain strong,” Yellen said in a CNBC interview.“I think it’s appropriate for them to take action, but …

  Read More »
• 11 March 2022 2:18 am

  Russia Could Seize Assets Left Behind By Western Companies

  

  Russia said it could seize the assets of Western companies that have suspended operations in the country. In total, hundreds of American, European and Japanese companies from almost every sector of the economy have abandoned joint ventures, factories, stores and offices in the last two weeks in response to Russia’s …

  Read More »
• 11 March 2022 1:13 am

  Natural Gas Trade Sideways Ahead Of Weather-Based Demand

  

  Natural gas prices held in a narrow range Wednesday, flipping between modest gains and losses as traders balanced global supply worries amid the war in Ukraine against the prospect of fading domestic demand.The April Nymex gas futures contract ultimately shed a tenth of a cent day/day and closed at $4.526/MMBtu. …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »