Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 10 March 2022 3:54 pm

  The Euro Falls as Traders Await The European Policy Response to The War in Ukraine

  

  The euro gave up some overnight gains on Thursday after its biggest daily jump since 2016, as traders awaited the European Central Bank meeting and an EU summit to highlight how the bloc’s policymakers responded to Russia’s invasion of Ukraine. The single currency benefited on Wednesday from a shift in …

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• 10 March 2022 2:50 pm

  European Shares Decline Before The European Central Monetary Policy Decision

  

  European shares fell on Thursday, ahead of talks between Russia and Ukraine and the European Central Bank’s monetary policy decision that may highlight the impact of the conflict on the Eurozone economy. The pan-European STOXX 600 index fell 0.7 percent, after rising in the previous session, which witnessed its best …

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• 10 March 2022 1:43 pm

  Egypt Signs $5 Billion Agreement With Norway’s Scatec to Produce Green Ammonia

  

  A statement issued by the Egyptian Cabinet stated that Egypt had signed a memorandum of understanding with the Norwegian renewable energy company Scatec regarding a project to produce green ammonia from green hydrogen. The statement added that the agreement concluded by the company with the General Authority for the Economic …

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• 10 March 2022 1:07 pm

  Belarus President Orders Specialists to Secure Energy Supplies to Chernobyl

  

  Belarusian President Alexander Lukashenko has instructed local specialists to secure power supplies to the Chernobyl nuclear power plant in Ukraine, the Belta news agency reported Thursday. Ukraine said on Wednesday there was a risk of a radioactive leak at Chernobyl after the power cut, but the United Nations’ International Atomic …

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• 10 March 2022 12:03 pm

  US House Approves Ukraine Aid, Russian Oil Embargo

  

  The US House of Representatives has voted in favor of a bill that includes $13.6 billion in aid to Ukraine facing a Russian invasion, as well as $1.5 trillion in spending to fund US government programs through September 30. The House approved bipartisan spending and referred the legislation to the …

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• 10 March 2022 11:25 am

  Nikkei Index Records Biggest Rise in 21 Months

  

  Japan’s Nikkei index posted its biggest gain in 21 months, following in the footsteps of global equities as market sentiment recovered, as it looked like Ukraine and Russia would resume diplomatic talks and as oil prices reversed some of their recent gains. Nikkei rose by 3.94% to close at 25690.40 …

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• 10 March 2022 10:57 am

  Oil Rises After The UAE Says it is Committed to The OPEC+ Agreement to Increase Supplies

  

  Oil prices recovered on Thursday after the United Arab Emirates said it was committed to the OPEC+ agreement to increase monthly supplies by 400,000 barrels per day, hours after its ambassador in Washington said his country favored a larger increase. US West Texas Intermediate crude contracts jumped more than three …

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• 10 March 2022 6:10 am

  Market Drivers – US Session – 9 March

  

  The American Dollar and commodity prices were sharply down on Wednesday amid hopes for a solution to the Ukraine-Russia crisis. Economic DataUS oil stockpiles fell across the board last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.9 million barrels in the week to March 4 …

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• 10 March 2022 5:30 am

  Bitcoin Climbs Above $42,000 As $183 Trillion Liquidated

  

  Bitcoin price posted 10% gains over the past day amidst short liquidations across exchanges. Short positions in Bitcoin were among the most liquidated, followed by Ethereum, within the past 24 hours. Analysts argue that the Bitcoin price has bounced from the bottom of ascending range bound activity, presenting a bullish …

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• 10 March 2022 5:17 am

  US Dollar Hovers Around 98.00 ahead of Initial Jobless Claims, CPI Data

  

  The DXY is oscillating around 98.00 ahead of US inflation and Initial Jobless Claims. The risk-on impulse has brought a sell-off in the dollar index. Investors brace an aggressive tightening policy by the Fed.The US dollar index (DXY) is hovering around 98.00 as investors await the US Consumer Price Index …

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• 10 March 2022 5:10 am

  Russia’s Natural Gas Too Big To Sanction

  

  Russia’s wealth of commodities seems too big to sanction. Russia’s vast energy exports have been subject to unprecedented sanctions imposed by the Western nations in response to the invasion of Ukraine. In 2020, Russia produced 638.5 billion cubic meters of natural gas, decreasing the volume by approximately 40.5 billion cubic …

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• 10 March 2022 1:51 am

  White House Warns: Another High Reading In February Inflation Report

  

  The White House is bracing for a new inflation report coming out Thursday that it expects will show continued high prices for Americans. The consumer price index, a key report indicating inflation in the US, will be released by the Bureau of Labour Statistics at 8:30 a.m. ET Thursday. Last …

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• 10 March 2022 1:32 am

  US Energy Secretary: Working With US Oil, Gas Producers To Raise Supply

  

  US Energy Secretary Jennifer Granholm, speaking at the CERAWeek energy conference in Houston on Wednesday, said that the Biden administration wants to work with US oil and gas producers to raise supply.The impacts of higher costs for fuel are real and severe, Granholm added, saying that “we have a responsibility …

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