Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 8 March 2022 4:41 am

  Market Drivers – US Session – 7 March 2022

  

  Risk aversion continues as the major market driver amid the Russian invasion of Ukraine. The attacks have continued throughout the weekend, and a third round of cesefire talks has not eased the situation. Economic DataThe Investor Movement Index® (IMXSM) decreased to 6.79 in February, down from 7.07 in January. The …

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• 8 March 2022 4:31 am

  WTI Seeks To Overstep $122.00 As EU Prepare To Cut Russian Gas

  

  American WTI crude futures on NYMEX, has attracted some significant offers near $125.05 after Germany refused to follow the footprints of the US and prohibit imports of Russian oil.Oil prices need to surpass $122.00 to regain their mojo amid an overall positive undertone in the oil counter on supply bottlenecks.Earlier …

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• 8 March 2022 2:11 am

  IMXSM Index decreased in February

  

  The Investor Movement Index® (IMXSM) decreased to 6.79 in February, down from 7.07 in January. The IMX is TD Ameritrade’s proprietary, behavior-based index, aggregating Main Street investor positions and activity to measure what investors actually were doing and how they were positioned in the markets. February’s reading for the period …

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• 8 March 2022 1:31 am

  US Equities Slump Lower Amid Renewed Stagflation Concerns

  

  US equities markets took a beating on Monday as a fresh surge in global commodity prices on Russia supply disruptions fears triggered fears of higher US inflation coupled with weaker growth against the backdrop of the Federal Reserve’s tightening.The S&P 500 cratered nearly 3.0%, dropping all the way back to …

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• 8 March 2022 12:41 am

  Gold Approaches $2000 Before Looming Wall Street’s Close

  

  Gold overnight hit a YTD high at $2002.67, but afterwards, retreated to January’s 2021 resistance level-turned-support around $1959.40. Just now, the XAU/USD Index is trading at $1996.21, reflecting the risk-aversion of the financial markets.The conflict between Russia-Ukraine has not eased amid the third round of ceasefire talks. Sanctions on Russia …

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• 7 March 2022 11:55 pm

  Commodities Jump On Supply Chaos Fears

  

  Commodity prices spiked on Monday as industrial buyers and traders scrambled to source raw materials hit by supply disruptions caused by Russia’s invasion of Ukraine. Nickel rocketed 76%, palladium reached a record level and gold broke through $2,000 an ounce on safe-haven appeal, while oil and wheat jumped to 14-year …

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• 7 March 2022 11:15 pm

  Financial Tightening Sounds Alarm For Global Economy

  

  Global financial conditions, perceived as strongly correlated with future growth, are at the tightest levels in two years, driven by soaring energy prices, sliding stocks and the market consequences of the Ukraine-Russia conflict.Financial conditions is the umbrella phrase for how metrics such as exchange rates, equity swings and borrowing costs …

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• 7 March 2022 10:48 pm

  One Week Ahead FOMC, EUR/USD Slides As Traders Watch Oil Prices

  

  EUR/USD is down some 0.45% on the day but the euro is attempting to recover in an accumulation of the latest daily bearish sell-off. The EUR/USD pair is positioning inched higher in the week ending 1 March, despite mounting pressure on European currencies on the back of the Russia-Ukraine conflict. …

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• 7 March 2022 10:24 pm

  Ukraine-Russia Talks Witness Small Positive Developments

  

  Small positive developments were made between the Ukrainian and Russian delegations on the issue of humanitarian corridors, a Ukrainian negotiator was reported to have said on Monday following the conclusion of the third round of talks between the sides. That is about as much as anyone had hoped for, and …

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• 7 March 2022 10:12 pm

  Britain Risks Recession After Soaring Energy Cost

  

  Forecaster says $120 oil triggers its pessimistic scenario. Weaker growth would blow Treasury’s budget off track. Great Britain is heading for a recession in the second half of 2022 if energy prices remain at current levels, according to the National Institute of Economic and Social Research.The research group said UK …

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• 7 March 2022 9:30 pm

  Russian Banks Flock For Refuge In Chinese Payment Systems

  

  As western companies continue to make decisions whether to suspend operations or withdraw from Russia due to its invasion of Ukraine, China has become a possible Plan B.Russian banks that include Sberbank, the country’s largest bank by assets, and Alfa Bank said that they are exploring the possibility of issuing …

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• 7 March 2022 9:13 pm

  USD/CAD Climbs To Fresh Highs

  

  The USD/CAD turned to the upside during the American session and printed a fresh daily high at 1.2772. Earlier it bottomed at 1.2683. The pair rose almost a hundred pips as the US dollar gained momentum amid a reversal in commodity prices.Risk aversion continues to dominate the mood across financial …

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• 7 March 2022 8:55 pm

  US To Start Russian Oil Ban Without Allies

  

  The Biden administration is willing to move ahead to execute a ban on Russian oil imports to the US without the participation of European allies.Since Russia’s invasion of Ukraine, the UK and Japan’s potential participation with the US in a Russian oil import ban is still a “live discussion”. Earlier …

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