Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 25 March 2022 1:25 am

  Eurozone growth slows as Ukraine war threatens recovery

  

  Business activity in the eurozone slowed in March, according to a closely watched survey, as high prices and a gloomy outlook raised fears the Ukraine war could snuff out economic recovery.Thursday’s data indicated that while Europe was still growing at a solid pace after the lows of the coronavirus pandemic, …

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• 25 March 2022 1:18 am

  Official: ECB Won’t surrender to inflation

  

  The first ECB’s interest rate hike may come this year according to Estonian central bank chief Madis Müller. The ECB will stop its bond purchases earlier than expected. Russia’s attack on Ukraine will diminish growth prospects but not the European Central Bank’s efforts to fight inflation.The comments from Governing Council …

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• 25 March 2022 1:03 am

  Anonymous Reportedly Hacked Russia’s central bank

  

  A Twitter account claiming to be connected with the activist collective Anonymous announced this week that it hacked Russia’s central bank, and it is planning to release 35,000 documents over the next 48 hours detailing “secret agreements.” The Central Bank of the Russian Federation did not comment on the news …

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• 25 March 2022 12:15 am

  EUR/USD Braces To 1.1000 Amid Firmer US Dollar

  

  The EUR/USD pair has been trading in a 50-60 pip range in the last three days. The US dollar stays firm amid a positive market moodThe shared currency seesaws on Thursday North American session, courtesy of a positive market mood, while broad US dollar strength across the board helps the …

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• 24 March 2022 11:56 pm

  Gold extends gains amid talks of further energy sanctions on Russia

  

  Gold extended gains on Thursday as risk sentiment continues to crash over the military crisis in Ukraine, with the US and allies entering discussions on further energy sanctions against Russia. Gold rose 0.9% to $1,963.48 per ounce; near its highest in two weeks. US gold futures jumped 1.3% to $1,963.50 …

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• 24 March 2022 11:22 pm

  US Durable Goods Orders Slump Below Expectations

  

  With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Thursday showing new orders for US manufactured durable goods tumbled by much more than expected in the month of February.The Commerce Department said durable goods orders slumped by 2.2 percent in February after jumping by …

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• 24 March 2022 11:00 pm

  Significance Of Lowest Jobless Claims Since 1969 For US Economy

  

  US jobless claims set a more than 50-year low last week as the red-hot labour market shows few signs of cooling in the near-term. The Labour Department released its latest weekly jobless claims report Thursday. Jobless claims fell by 28,000. Initial jobless claims, week ended March 19: 187,000 versus. 210,000 …

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• 24 March 2022 10:12 pm

  Russian FM: Terrible results from NATO’s pumping Ukraine with weapons

  

  Russia’s foreign ministry said on Thursday that NATO is reaping terrible results from the decision to pump Ukraine with weapons, Reuters reported citing RIA news agency.“NATO summit decision to keep providing support to Ukraine confirms alliance wants the conflict to continue,” the ministry added.These comments do not seem to be …

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• 24 March 2022 9:58 pm

  Biden: Russia should be removed from G20

  

  US President Joe Biden said on Thursday that he thinks Russia should be removed from G20, as reported by Reuters.Key Quotes:“Asked that Ukraine be able to attend G20 meetings.”“Ukraine’s judgment to make whether it cedes territory to Russia.”“Talked about how major wheat producers US, Canada could increase and disseminate more …

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• 24 March 2022 9:07 pm

  WTI Mixed Amid Supply Concerns

  

  WTI has been choppy on Thursday, swinging between the $112s and upper $116s as traders weigh various themes.Traders continue to fret about Russian supply disruptions due to Western sanctions as US/Iran talks falter. Oil markets have seen volatile trade thus far this Thursday, with traders juggling a multitude of themes. …

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• 24 March 2022 8:26 pm

  USD/CAD Cannot Stop 8-Day Losses

  

  The Canadian dollar keeps rallying versus its American counterpart, as it slid 0.27%. A mixed market mood keeps the CAD in the driver’s seat amid a firm US dollar. USD/CAD Price Forecast: Downward biased, threatening to break below 1.2450.The USD/CAD pair post modest losses as Thursday North American session kicks …

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• 24 March 2022 7:49 pm

  Fed’s Evans: Can start balance sheet reduction and raise rates at the same meeting

  

  Chicago Fed President Charles Evans said on Thursday that the Fed can begin its balance sheet reduction and raise interest rates in the same meeting, reported Reuters.The risk of slowing the economy into recession isn’t high, Evans said. The Fed won’t need asset sales until it is well into its …

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• 24 March 2022 7:39 pm

  Discussions On Interest Rate Hikes Continue In Washington

  

  Is US Economy Entering A New Normal? Policymakers are wrestling with the reality that the pandemic may mark a turning point in the nation’s economic plot. The pandemic, and now the war in Ukraine, have altered how America’s economy functions. While economists have spent months waiting for conditions to return …

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