Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 21 March 2022 4:42 pm

  Saudis relinquish responsibility for oil shortages in light of Houthi attacks

  

  The Saudi Press Agency, quoting a Foreign Ministry statement, said on Monday that the Kingdom is relinquishing its responsibility for any shortage in oil supplies to global markets in light of the recent attacks by the Iran-aligned Yemeni Houthi movement on Saudi oil facilities. The Saudi Energy Ministry and official …

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• 21 March 2022 3:51 pm

  The dollar is falling and the yen is near a 6-year low

  

  The dollar fell against other major currencies as investors awaited comments from Federal Reserve Chairman Jerome Powell later on Monday, and other central bank policymakers this week for clues on monetary policy. Currency markets have been turbulent over the past month due to the financial fallout from Russia’s invasion of …

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• 21 March 2022 2:30 pm

  The Kremlin: Russia’s oil embargo will harm Europe, not America

  

  The Kremlin said on Monday that Europe would be hit hard in the event of a Russian oil embargo, which would hurt the continent’s energy balance but not affect the United States. Some European Union foreign ministers are pressing for an oil embargo as part of an escalation of sanctions …

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• 21 March 2022 1:55 pm

  Gold rises with the escalation of the Ukrainian crisis

  

  Gold prices rose on Monday, boosted by the safe-haven appetite, as the Ukraine crisis showed no signs of abating, although the US Federal Reserve’s plan to implement bold anti-inflation measures curbed gold’s gains. 3.0 percent to $ 1927.22 an ounce by 0528 GMT. And US gold futures fell 1.0 percent …

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• 21 March 2022 1:50 pm

  EU discusses Russian oil embargo as Biden prepares to join talks

  

  European Union governments are discussing an oil embargo on Russia over its invasion of Ukraine as they gather this week with US President Joe Biden for a series of summits aimed at toughening the West’s response to Moscow. In an attempt to force Russian President Vladimir Putin to withdraw his …

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• 21 March 2022 12:55 pm

  Yen starts another week under pressure with focus on central bank policies

  

  The Japanese yen extended its decline on Monday as traders focused on a series of public statements by central bank policy makers globally this week including Federal Reserve Chairman Jay Powell later on Monday. The dollar rose slightly against the Japanese yen, as high as 119.3 yen, defying a six-year …

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• 21 March 2022 11:59 am

  Oil rises on pressure from the Ukrainian conflict and lack of supply in the market

  

  Oil prices rose $2 on Monday as Ukrainian forces withstood violent Russian attacks while major oil producers said they were struggling to produce their quotas under a supply agreement. Brent crude futures rose $1.96, or 1.8 percent, to $109.89 a barrel by 0039 GMT, adding to its 1.2 percent rise …

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• 21 March 2022 11:30 am

  China keeps key lending rates unchanged

  

  China kept the key interest rate for lending to businesses and individuals unchanged on Monday, according to what traders and analysts expected. China kept the basic interest rate for one-year loans at 3.70 percent, while the basic interest rate for five-year loans remained at 4.60 percent. Just over half of …

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• 21 March 2022 8:28 am

  Weekly Recap 14-18 March 2022

  

  There have been a lot of moving events during the past week, most notably the monetary policy decisions of the Fed and the Bank of England. Those decisions, which reflected a clear shift in the direction of monetary policy, led to a change in the price movement. The US Federal …

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• 19 March 2022 2:38 am

  Market Drivers – US Session – 18 March

  

  The US dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.St. Louis Federal Reserve President James Bullard called for a dramatic …

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• 19 March 2022 2:18 am

  Natural Gas Prices Retreat, Remain Within Range

  

  Natural gas futures reversed lower on Friday as analysts mulled updated inventory data and as overnight weather modeling dialed back the extent of lingering late-winter cold. After brushing up against the $5/MMBtu mark Thursday, the April Nymex contract was down 8.1 cents to $4.909/MMBtu earlier trading, and further retreated at …

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• 19 March 2022 1:30 am

  AUD/JPY Hits Four Year Highs, Now Looking Overbought

  

  AUD/JPY’s soaring showed no sign of easing on Friday, with the pair surging to four-year highs above 88.00. That marks a fourth successive day of gains during which time AUD/JPY has rallied over 4.0%. AUD/JPY’s stratospheric rise showed no sign of easing on the final trading of the week, with …

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• 19 March 2022 12:51 am

  Tesla Shares Jump On Musk’s Tweet

  

  Tesla shares were trading 3.49% higher at $902.05 (Tesla, Inc.’s TSLA +3.88%) late during Friday’s session on the back of a Thursday tweet by CEO Elon Musk seems to be helping the company’s stock. All the tweet said is “working on Master Plan Part 3,” but people who follow the …

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