Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 29 March 2022 2:38 pm

  Energy Ministers: The UAE and Saudi Arabia are doing their part to stabilize the oil markets

  

  On Tuesday, the energy ministers of Saudi Arabia and the United Arab Emirates, two of the world’s largest energy producers, said that the two countries had done their part in balancing the oil market. “We have only one task: to stabilize the market. Therefore, we cannot politicize the organization or …

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• 29 March 2022 1:46 pm

  S&P Global forecasts 8.5% contraction in Russia’s economy in 2022

  

  Credit rating agency S&P Global cut its forecast for Russia’s 2022 GDP growth by more than 11 percentage points to a contraction of 8.5%, while slashing its forecasts for Poland and Turkey by more than a percentage point due to the fallout from the war in Ukraine. On its economic …

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• 29 March 2022 1:02 pm

  Japan to ban luxury goods exports to Russia from April 5

  

  Japan will ban the export of luxury goods to Russia from April 5, the Japanese Ministry of Economy, Trade and Industry said in a statement on Tuesday, March 29, in its latest move in response to Russia’s invasion of Ukraine. The banned items include luxury items such as cars, motorcycles, …

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• 29 March 2022 12:46 pm

  Nikkei rises in the footsteps of US stocks and the rise of auto companies

  

  Japanese stocks closed higher on Tuesday, following in the footsteps of US stocks that rose on Monday night, with auto and shipping stocks leading the gains and the market-leading with dividend claims. The Nikkei index rose 1.1 percent to 28,252.42 points. The broader Topix index rose 0.93 percent to 191.66 …

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• 29 March 2022 12:19 pm

  Japan intends to require companies to refrain from paying in rubles in transactions

  

  Japan’s Chief Cabinet Secretary Hirokazu Matsuno said Tuesday that Japanese companies will be asked to respond “no” if Russia requests payment in rubles in economic transactions, especially in the energy sector. Russia last week demanded that “unfriendly” countries pay in rubles, not euros, for its gas, following the union of …

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• 29 March 2022 11:38 am

  Oil drops about 7% on fears of weak Chinese demand

  

  Oil prices fell more than 7 percent 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 $8.17, or 6.8 percent, to $112.48 …

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• 29 March 2022 3:18 am

  Market Drivers – US Session – 28 March

  

  The gold price is down on the day, losing around 1.9% as the US stock market rises later in the day for a positive close in hopes of a breakthrough in peace talks surrounding the Ukraine crisis. The market mood was sour, helping the American dollar to end the day …

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• 29 March 2022 3:02 am

  S&P 500 climbs for third straight day as Tesla leads

  

  The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.The S&P energy index (.SPNY), off 2.56%, was …

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• 29 March 2022 2:49 am

  USD/CAD Remains Vulnerable, Near Ascending Triangle Surface

  

  The USD/CAD pair has attracted significant offers at 1.2593, which seems a failed attempt to come out of the woods as the asset has remained vulnerable in the past few trading sessions.On the weekly scale, USD/CAD has been slipped below the ascending triangle formation. Usually, breaking below the ascending triangle …

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• 29 March 2022 1:10 am

  AUD/USD Impacted By profit taking

  

  The Australian dollar slumps from YTD highs around 0.7540 as market sentiment fluctuates as a result of developments concerning the Russia – Ukraine’s crisis, China’s Covid-19 outbreak, and higher inflation prompted global central banks to tighten monetary policy conditions. The AUD/USD pair is trading at 0.7492. The market mood turned …

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• 29 March 2022 12:12 am

  USD Benefits From Global Turmoil

  

  The market mood is sour, helping the American dollar to end the day with gains against most major rivals.The initial catalyst came from the Bank of Japan. The central bank announced it would be buying an unlimited amount of 10-year JGBs at 0.25% in an attempt to defend the yield …

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• 28 March 2022 11:12 pm

  EUR/USD nearing technical support as Ukraine crisis dominates

  

  EUR/USD pair is back to being in the green in midday New York trade after being underwater at the start of the session when it was near to the lows of the day, 1.0944. The pair has perked up following a weakening in the US dollar and has climbed to …

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• 28 March 2022 10:56 pm

  Biden announces US 2023 Budget

  

  US President Joe Biden announces his Budget for Fiscal Year 2023. This is expected to reduce deficits by more than $1 Trillion over the next decade, advance safety and security at home and around the world, and make the investments needed to build a better America.The Biden administration on Monday …

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