Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 15 March 2022 7:43 pm

  China Shutdown Impacts Commodities

  

  After massive commodity producer Russia was exiled from the world economy, a new shock is emerging from China; the world’s biggest user of raw materials.The big picture for commodities prices is that they turned tail and tumbled yesterday, as China imposed new COVID-related lockdown in response to soaring infection rates.In …

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• 15 March 2022 7:19 pm

  Moscow Imposes Sanctions on Biden, Blinken

  

  Russia’s foreign ministry said, Tuesday, that Russia has decided to impose sanctions on US President Joe Biden and Secretary of State Anthony Blinken.“Russian sanctions also apply to US Defense Minister, National Security Adviser, Chief of CIA and others”. As for the market’s reaction, this development doesn’t seem to be having …

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• 15 March 2022 5:49 pm

  Gold slips on Russia-Ukraine Talks And Rate Hike

  

  Gold extended its decline on Tuesday as ceasefire talks between Russia and Ukraine slashed demand for safe-haven assets, while expectations that the US Federal Reserve would raise interest rates for the first time in three years increased pressure on the yellow metal. And the price of gold in spot transactions …

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• 15 March 2022 5:35 pm

  US Annual PPI Climbs to 10% in February

  

  The Producer Price Index (PPI) for final demand rose to 10% on a yearly basis in February from 9.7% in January, the data published by the US Bureau of Labor Statistics announced on Tuesday. This reading matched the market expectation. Annual Core PPI, which excludes food and energy prices, edged …

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• 15 March 2022 4:27 pm

  Euro Rises on The Hope of Progress in Ukraine Peace Talks

  

  The euro rose on Tuesday on hopes of progress in peace talks between Ukraine and Russia, although risk appetite waned due to the rising number of COVID-19 infections in China. On Tuesday, talks between Ukrainian and Russian negotiators to ease the crisis are expected to resume after video-conference talks after …

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• 15 March 2022 2:58 pm

  German ZEW Economic Sentiment Index slumps to -39.3 in March

  

  The German ZEW headline numbers for March showed that the Economic Sentiment Index deteriorated sharply amid the Russia-Ukraine war, coming in at -39.3 from 54.3 previous while missing estimates of 10.0 by a wide margin. The Eurozone ZEW Economic Sentiment Index tumbled to -38.7 the current month as compared to …

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• 15 March 2022 2:37 pm

  Oil prices fell to their lowest level in two weeks

  

  Oil prices extended losses on Tuesday to a two-week low after ceasefire talks between Russia and Ukraine eased fears of another oil supply disruption, while coronavirus infections in China raised concerns about slowing demand for crude. Brent crude futures were down $5.95, or 5.6 percent, at $100.95 a barrel by …

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• 15 March 2022 1:53 pm

  Binance gets its first Gulf crypto licence in Bahrain

  

  The world’s largest cryptocurrency exchange Binance has been given a crypto-asset service provider licence by Bahrain’s central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday. “The licence from Bahrain is a milestone in our journey to being fully licensed …

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• 15 March 2022 1:20 pm

  Nikkei rises with strong Chinese economic data

  

  Japan’s Nikkei index closed higher on Tuesday, boosted by strong economic data from neighboring China and its main trading partner, but capped cautious gains ahead of the expected US interest rate hike, the first in three years, due later this month. The market’s performance ranged from small gains to losses …

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• 15 March 2022 12:31 pm

  Gold Drops to The Red Zone

  

  Gold prices fell below $1,980 an ounce on Monday, as traders braced for an upcoming Federal Reserve interest rate hike that pushed 10-year US Treasury yields above 2%. The US central bank is widely expected to raise interest rates by 25 basis points at the end of its two-day meeting …

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• 15 March 2022 12:28 pm

  UK Unemployment Rate Drops to 3.9% in January

  

  The number of people claiming jobless benefits fell by 48.1K in February when compared to -31.9K booked previously. The claimant count rate came in at 4.4% last month vs. 4.6% prior. The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate arrived at 3.9% in January …

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• 15 March 2022 11:39 am

  U.S. Treasury official: Bond default would add to Russia’s economic pain

  

  A US Treasury official said on Monday that Russia’s default on its sovereign debt would put Russia’s economy and financial system in further trouble, making it difficult for Moscow to find new lending sources and raising future borrowing costs. The official told Reuters that the Treasury believes that there is …

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• 15 March 2022 11:00 am

  World Bank agrees to provide $200 million in additional financing to Ukraine

  

  The World Bank on Monday announced it is making about $200 million in additional funding available to strengthen social services for people in need in Ukraine, on top of the $723 million it approved last week. The financing is part of a $3 billion support package that the World Bank …

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