The Canadian dollar remains firm versus the American counterpart, with the USD/CAD down 0.37% in the week.Russia/Ukraine woes and US central bank hawkishness could not stop CAD bulls from extending USD/CAD losses. USD/CAD drop extends to seven straight days amid a risk-off market mood in the equity markets, which has …
Read More »Old Gold, New Profits: How France’s Central Bank Turned a Reserve Upgrade Into a $15 Billion Windfall
France’s central bank has reported a major financial gain after completing a large-scale update of p…
Global Markets in Turmoil as Conflict Clouds Investor Confidence
Global stock markets are reeling as the war in Iran continues to cast a heavy shadow over financial …
Gold Caught Between War Fears and Market Reality
Gold prices struggled to gain momentum on Tuesday as investors weighed conflicting signals surroundi…
U.S. Business Activity Slows to 11-Month Low as Iran War Fuels Inflation Pressures
U.S. economic momentum weakened in March, with business activity growth slowing to its lowest level …
U.S. Futures Slip as Middle East Tensions Keep Markets on Edge
U.S. stock futures edged lower on Tuesday as investors weighed escalating geopolitical risks against…
Bitcoin Climbs on De-Escalation Hopes, Strategy Buying Plan Adds Support
Bitcoin rose on Tuesday, extending gains from the previous session as improving sentiment around pot…
Trump Delays Iran Strikes, Signals Oil Price Drop as Markets Rally on Deal Hopes
U.S. President Donald Trump announced a five-day postponement of planned military strikes on Iranian…
European Stocks Rise as Markets Weigh Iran Conflict and Oil Volatility
European equities opened higher on Tuesday, as investors balanced cautious optimism over a temporary…
Gold Extends Losing Streak as Rate Fears and Strong Dollar Weigh
Gold prices fell for a tenth consecutive session in Asian trading on Tuesday, as investors continued…
Oil Rebounds Sharply as Iran Denies Talks, Supply Risks Intensify
Oil prices surged in Asian trading on Tuesday, rebounding strongly after the previous session’s stee…
Market Analysis
March, 2022
-
23 March 2022 9:09 pm
WTI touches fresh weekly highs around $114.00
The oil bulls remain in control with WTI up more than $5.0 on the day in the $114.00 area. WTI has now recovered more than 50% of its pullback from multi-year highs near $130 to $93 earlier this month. Traders have cited a major Russian pipeline outage, a bullish US …
Read More » -
23 March 2022 8:52 pm
Powell: Digital Currencies Will Require New Regulations
Federal Reserve Chair Jerome Powell said Wednesday that new forms of digital money such as cryptocurrencies and stablecoins present risks to the US financial system and will require new rules to protect consumersPowell, speaking Wednesday on a panel organized by the Bank for International Settlements, a global organization of central …
Read More » -
23 March 2022 8:22 pm
Fed’s Daly: Want to get rates to about 2.5% at least, inflation is top of mind
San Francisco Fed President and FOMC member Mary Daly said on Wednesday that she wants to march rates to about 2.5% given that inflation is at the top of her mind, reported Reuters. The real neutral rate is about 0.5%, meaning the nominal rate is around 2.5%, Daly noted, adding …
Read More » -
23 March 2022 7:27 pm
Eurozone Consumer Confidence Deteriorates in March
The flash estimate of March Eurozone Consumer Confidence dropped to two year low at -18.7 in March from -8.8 the month prior, data from the European Commission on Wednesday showed. That was much steeper than the expected drop to -12.9 and marked the worst such reading since May 2020. While …
Read More » -
23 March 2022 6:35 pm
Inflation Fears Control The Markets
Inflation fears pushed bond yields higher, with bonds posting record losses, as traders flocked to stocks. But futures contracts for US indices such as the Dow Jones, S&P 500, and Nasdaq, headed lower. Oil prices also remained volatile with pressure. Investors today seem to be thinking about the distribution of …
Read More » -
23 March 2022 5:47 pm
Oil rises in turbulent trading after Caspian Sea pipeline disruption
Oil prices rose in volatile trading on Wednesday due to disruptions in crude exports from Russia and Kazakhstan via the Caspian Sea pipeline. The price of Brent crude futures rose $3.13, or 2.7 percent, to record $118.61 a barrel. The price had fallen earlier to 114.45 dollars a barrel. The …
Read More » -
23 March 2022 4:30 pm
Gold Rises as Its Attractiveness Increases Due to the Ukrainian crisis and inflation fears
Gold prices rose on Wednesday as investors looked for a shield in the face of sharply rising inflation and the uncertainty that events in Ukraine are imposing on the markets, and falling US bond yields provided support for the yellow metal. And gold rose in spot transactions 0.6 percent to …
Read More » -
23 March 2022 3:14 pm
European shares rise, boosted by commodity-related shares
European shares opened slightly higher on Wednesday, extending gains for the sixth consecutive session, despite continuing concerns about the economic fallout from the Ukraine crisis. Shares of energy and basic materials companies were among the biggest gainers, as fears of supply shortages due to the war between Russia and Ukraine …
Read More » -
23 March 2022 2:16 pm
America and Britain agree to remove duties on products including steel and aluminum
On Tuesday, March 23rd, the United States ended a long-running dispute with Britain over US steel and aluminum tariffs. America said that the two allies will work closely to confront the excess capacity in the market from economies that do not work with their mechanisms, such as China. US Commerce …
Read More » -
23 March 2022 1:33 pm
Turkish Consumer Confidence Rises 72.5% in March
Turkish consumer confidence rose 1.3 percent to 72.5 points in March, official data showed on Wednesday, rebounding from a dip last month and ignoring any impact of the conflict in Ukraine. Turkish consumer confidence hit a record low in December due to the depreciation of the lira. It had plunged …
Read More » -
23 March 2022 12:50 pm
The Dollar Index is Losing The Bullish Momentum
The dollar index settled near 98.4 during trading on Wednesday, after it failed to achieve sharp daily gains in the previous session, as investors weighed up optimistic statements from Federal Reserve officials in exchange for improved risk appetite that sent global stocks higher. The dollar jumped last Monday after Federal …
Read More » -
23 March 2022 12:33 pm
A new jump in inflation in Britain to reach its highest level in 30 years
Britain’s inflation rose to a 30-year high of 6.2 percent last month, official data showed on Wednesday, the highest end of analysts’ expectations. The median forecast in a Reuters poll of economists had called for a reading of 5.9 percent.
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations