Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 16 March 2022 3:07 am

  Biden to announce $1 billion military aid to Ukraine Wednesday

  

  US President Biden is expected to announce more than $1 billion in new military assistance to the Ukraine government as early as Wednesday, according to US officials. Ukrainian President Volodymyr Zelensky is expected to make a plea to Congress for more aid to defend his country.The money would come from …

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• 16 March 2022 3:01 am

  EUR/USD Slides As FOMC Meeting Awaited

  

  The shared currency extended its weekly advance for two consecutive days but retraced from around 1.1000 as the Federal Reserve is set to embark on the beginning of its hiking cycle for the first time since 2018. The EUR/USD is trading at 1.0961 at the time of writing.On Tuesday, the …

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• 16 March 2022 2:54 am

  Will FOMC Meeting Be A Tough Call?

  

  The FOMC has an unenviable task of trying to guide monetary policy through a period of turbulence. The March 15-16 meeting will be essential to communicate its present action and set the monetary policy path and tone for the future.Leaning the stance of individual policymakers will matter more than usual …

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• 16 March 2022 2:17 am

  Will BoE Be Trapped In Tightening Corner?

  

  The Bank of England is almost certain to increase borrowing costs on Thursday, marking the third consecutive meeting where it has hiked rate as it continues its exit from pandemic-related stimulus. One problem is that BoE hike expectations are not happening in a vacuum or in isolation. Other Developed Market …

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• 16 March 2022 12:44 am

  Markets Optimistically Await Wednesday’s Ukraine, Russian Talks

  

  Mykhailo Podoliyak, one of the representatives of Ukraine at Russian-Ukrainian negotiations, has said, ”We’ll continue tomorrow. A very difficult and vicious negotiation process. There are fundamental contradictions. But there is certainly room for compromise. During the break, work in subgroups will be continued”.Russia lobbed more missiles into Kyiv, amid heightened …

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• 16 March 2022 12:00 am

  Lagarde: Eurozone heading for growth despite Ukraine war

  

  The euro zone economy is still set for robust growth this year, even if war in Ukraine is going to be a drag via high commodity prices, European Central Bank President Christine Lagarde said on Tuesday.“If the baseline scenario of the staff projections materializes, the economy should still grow robustly …

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• 15 March 2022 11:36 pm

  Gold Down Ahead of Fed Meeting

  

  The gold price is down 1.5% after falling from a high of $1,954.72 to a low of $1,907.08, slipping below a critical level on the daily chart with the downside now fully exposed. The price of oil has been falling and markets are volatile ahead of tomorrow’s US Federal Reserve …

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• 15 March 2022 11:23 pm

  USD/CAD Reversal Extends To Fresh Lows

  

  The US dollar pulls back to 1.2780 from 1.2870 highs. The Canadian dollar appreciated favored by a brighter market mood. USD/CAD is now testing trendline support at 1.2780.The US dollar’s recovery from last Friday’s lows sub-1.2700 has found resistance at 1.2870 highs earlier Tuesday. The pair has dropped about 0.7% …

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• 15 March 2022 10:59 pm

  Tesla hikes Vehicle Prices After Elon Musk’s Inflation Warning

  

  Tesla is raising prices for its entire electric car lineup – a move that came days after CEO Elon Musk warned the firm was under “significant” inflationary pressure given the rising cost of key commodities following the Russian invasion of Ukraine.For example, Tesla’s cheapest available car, the Model 3 with …

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• 15 March 2022 10:35 pm

  Toronto index falls as commodities weigh on energy, material stocks

  

  Canada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in energy and metal prices due to rising COVID-19 cases in China weighed on commodity stocks.The Toronto Stock Exchange’s S&P/TSX composite index was down 161.23 points, or 0.76%, at 21,019.55. The energy and materials sectors fell …

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• 15 March 2022 10:04 pm

  WTI Oil Attempting To Bounce Up From $93.40 Lows

  

  WTI futures pick up to $98.00 from three-week lows at $93.40. Oil prices plunge on easing supply concerns and COVID-19 cases in China. From a wider perspective, US oil futures remain biased lower.The US benchmark crude oil futures are attempting a mild correction on Tuesday’s US trading session. Front-month West …

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• 15 March 2022 9:36 pm

  Worsening Covid Clouds China’s Economic Prospects

  

  Beijing scrambles to contain the worst outbreak China has seen since Wuhan in early 2020, as daily infections surpass 5,000. Lockdowns in coastal cities, including the first imposed on Shenzhen, prompt warning that situation has ‘deteriorated at an alarming pace’, with big economic hit ahead. China faces biggest Covid-19 crisis …

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• 15 March 2022 8:19 pm

  US dollar, Gold Surge On Putin’s Remarks: Kyiv is not serious about a solution

  

  Russia’s President Vladimir V. Putin has said that Kyiv is not serious about finding a mutually acceptable solution.Markets have reacted negatively to the news, with stocks retreating from the highs and the safe-haven dollar and gold rising. Investors have been pinning their hopes on negotiations between Russia and Ukraine, which …

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