Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 19 March 2022 12:24 am

  CAD Clings To Weekly Gain On Robust Data

  

  The Canadian dollar touches its strongest since 3 March at 1.2596. The Canadian dollar was little changed against its US counterpart on Friday, with the currency holding near a two-week high as oil prices rose and domestic retail sales data pointed to consumer spending remaining strong at the start of …

  Read More »
• 18 March 2022 11:43 pm

  White House: Xi, Biden’s call was direct, substantive and detailed

  

  According to a US administration official, talks between Chinese President Xi Jinping and US President Joe Biden on Friday, which lasted for nearly two hours, were direct, substantive and detailed. Biden stressed to Xi that China providing material support to Russia would have consequences not just from the US but …

  Read More »
• 18 March 2022 10:39 pm

  Baker Hughes: US oil rigs down despite $100 prices

  

  US energy firms this week reduced the number of oil rigs active in the United States even as crude prices continued to trade over $100 a barrel after Russia’s invasion of Ukraine stoked global energy supply concerns.That was the second decline for the oil rig count in three weeks after …

  Read More »
• 18 March 2022 10:23 pm

  US Equities Rally For Best One Week Gain Since November

  

  US equities are higher for a fourth session, with the S&P 500 breaking to its highest levels since Russia invaded Ukraine. The index is trading in the 4430s, up 0.6% on the day and over 5.5% on the week. That would mark the best week of gains since November 2020.US …

  Read More »
• 18 March 2022 9:21 pm

  EUR/USD Retreats Amid Euro Profit Taking

  

  After a strong week, the euro is suffering from some profit-taking and EUR/USD has fallen back to the mid-1.10s. EUR/USD’s failure to press higher beyond the 1.1100 level was likely also due to hawkish Fed commentary.Though not the worst-performing currency in the G10 on the day, the euro currently sits …

  Read More »
• 18 March 2022 9:11 pm

  Stocks fluctuate awaiting geopolitical updates, Hawkish Fed Speak

  

  The end of another long week has Wall Street bracing for another rollercoaster ride as investors digest President Biden’s crucial call with Xi and await to see if any possible pathways emerge for ending the conflict in Ukraine, all while roughly $3.5 trillion of single-stock and index-level options expire.The days …

  Read More »
• 18 March 2022 8:56 pm

  US Dollar Rebounds As Fed Officials Comment On Rates

  

  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 …

  Read More »
• 18 March 2022 8:06 pm

  Russia, Ukraine most aligned on neutrality, demilitarization

  

  According to Russia’s Chief Negotiator Vladimir Medinsky, Russia and Ukraine’s views are most aligned on the latter’s status as a “neutral” country and offer not to join NATO, reported Russia’s state-run Interfax news outlet.Russia and Ukraine are currently discussing nuances linked to security guarantees for Ukraine should it refuse to …

  Read More »
• 18 March 2022 7:55 pm

  Gold Prices Challenge Pressures

  

  Gold is set to register its largest one-week loss since November. In case next week’s developments point to a further escalation of the conflict, gold should gather strength and start erasing this week’s losses. On the other hand, the precious metal could come under renewed selling pressure if markets remain …

  Read More »
• 18 March 2022 7:43 pm

  Fed’s Kashkari: Sees rates at 1.75-2.0% by the year’s end

  

  Federal Reserve Bank of Minneapolis President Neel Kashkari said on Friday that he sees the Federal Funds target range rising to 1.75-2.0% by the year’s end and that he sees the neutral rate of interest at 2.0%, reported Reuters. If inflation is enduring, the Fed will need to get modestly …

  Read More »
• 18 March 2022 7:39 pm

  China has plans to invade Taiwan next fall

  

  China has plans to invade Taiwan as soon as next fall, according to Newsweek based on a Russian intelligence document.Traders are treating the report with skepticism. Many geopolitical analysts had viewed recent geopolitical events regarding Russia’s invasion of Ukraine as likely to dissuade China from mounting an assault on Taiwan …

  Read More »
• 18 March 2022 6:11 pm

  US Existing Homes Sales Fall in February

  

  US Existing Home Sales over the last 12 months fell to 6.02M in February from 6.49M in January, larger than the expected drop to 6.10M, according to data released by the National Association of Realtors. That marked a 7.2% MoM drop in the 12-month rolling sales number in February versus …

  Read More »
• 18 March 2022 5:20 pm

  The euro is on its way to the largest weekly rise in 6 weeks

  

  The euro fell on Friday but was on track for its biggest weekly gain in six weeks as traders breathed a sigh of relief after Russia avoided defaulting on dollar-denominated debt and markets digested the broader impact of the start of the US interest rate hike cycle. The euro slipped …

  Read More »