Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 1 March 2022 9:44 pm

  Q4 Faster GDP Growth Ensures BoC’s Interest Rate Hike

  

  Canadians took advantage of elevated savings and low interest rates to buy houses in 2021. The Canadian economy grew at an annual rate of 6.7 per cent in the fourth quarter, much faster than the Bank of Canada was expecting, guaranteeing an interest-rate increase when policymakers announce the results of …

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• 1 March 2022 9:24 pm

  IEA releases 60M barrel from strategic reserves

  

  US, IEA Agree to Release 60 Million Barrels From Oil Stockpiles Amid Ukraine’s CrisisThe US and other major oil-consuming nations said Tuesday they willl release 60 million barrels of oil from their emergency stockpiles, sending a jolt of new crude supplies into the market amid a price surge caused by …

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• 1 March 2022 8:10 pm

  What Russia’s SWIFT Ejection Really Mean Amid War Fogs

  

  Filtering information is one of investors’ most important tasks. It is normally a difficult task under the best conditions, but right now, amid the fog of war, filtering information is nearly impossible.Away from reports, fake images and news from Russia and Ukraine, the fog is also engulfing a lot of …

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• 1 March 2022 7:43 pm

  AUD/USD Expected to Surge On rising Commodity Prices

  

  Climbing commodity prices are a good catalyst to provide support to the Australian dollar. Subsequently, economists at Rabobank expect the AUD to break with its status of a high-risk currency and forecast the AUD/USD at 0.74 by year-end.AUD/USD to break with its traditional role of ‘higher risk’ G10 currency. Commodity …

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• 1 March 2022 7:00 pm

  Canada: Markit Manufacturing PMI rises slightly in February

  

  Canadian Manufacturing PMI rose slightly to 56.6 in February, indicating continued robust growth in the manufacturing sector. That marked a slight gain from January’s 56.2 reading and was a little above expectations for 56.4.Markit Manufacturing PMI, released by Markit Economics, is based on data compiled from monthly replies to questionnaires …

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• 1 March 2022 5:20 pm

  The Saudi Cabinet Says it Supports The OPEC+ Agreement

  

  A statement by the Saudi Cabinet on Tuesday renewed the kingdom’s support for the OPEC + agreement, which provides for an increase in the supply of crude exporters from the Organization and allied producers by 400,000 barrels per day each month. And the official Saudi Press Agency quoted a statement …

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• 1 March 2022 4:40 pm

  Bank of Canada Rate Decision Preview

  

  This Wednesday at 1500 GMT, the BOC is expected to raise its benchmark interest rate to 0.50% from 0.25% (an all-time low) for the first time since October 2018. There is no press conference following the March meeting. At its January meeting, the central bank left the key rate unchanged …

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• 1 March 2022 4:06 pm

  Palladium And Gold Jump on The Ukrainian Crisis

  

  Palladium jumped on Tuesday on concerns that Western sanctions against Russia over its invasion of Ukraine could damage supplies, as the conflict also sent safe-haven gold prices higher. By 1043 GMT, palladium rose 3.6 percent to $2,577.38. It had reached its highest level since July 2021 at $2,711.18 last week. …

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• 1 March 2022 3:21 pm

  Oil prices jump as supply concerns grow due to The Ukraine Conflict

  

  Oil prices rose on Tuesday as concerns about potential supply disruptions after the Russian invasion of Ukraine and associated sanctions overshadowed talk of a coordinated global drawdown of crude stocks to calm markets. Brent crude futures rose $3.04, or 3.1 percent, to $101.01. The benchmark touched a seven-year high of …

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• 1 March 2022 2:15 pm

  European Bank Shares Continue to be Volatile Affected by The Ukrainian Crisis

  

  Shares in some European banks regained some of their gains on Tuesday after falling this week due to their links to dealings with Russia, but the sector remained volatile as the fighting in Ukraine continued. Shares of Austrian bank Raiffeisen rose 2.7 percent in early trading, partly offsetting a 14 …

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• 1 March 2022 1:14 pm

  Japan And US Finance Ministers Pledge to Incur “Maximum Costs” to Russia

  

  Japanese Finance Minister Shunichi Suzuki said on Tuesday that Japan and the United States had pledged to work together to make Russia “pay a heavy price” for its invasion of Ukraine. In comments he made shortly after his online conversations with US Treasury Secretary Janet Yellen, Suzuki said the two …

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• 1 March 2022 12:13 pm

  Japanese Stocks Rise on Bargain Hunting, Optimism About Russia-Ukraine Talks

  

  Japanese stocks rose on Tuesday, as continued optimism about cease-fire talks between Russia and Ukraine boosted sentiment, prompting investors to buy into retreating shares. The Nikkei index rose 1.2 percent to 26,844.72 points after it crossed the 27,000 level for the first time since February 18. The broader Topix index …

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• 1 March 2022 11:35 am

  Mitsubishi May Stop Production And Sales in Russia

  

  Japanese carmaker Mitsubishi Motors said on Tuesday it may stop producing and selling its cars in Russia, as economic sanctions against Russia could cause supply chain disruptions. Japan on Tuesday joined the United States and other allies in imposing additional sanctions on Russia, which included freezing the assets of the …

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