Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 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 »
• 23 March 2022 11:52 am

  Japan shares close at the highest level in two months

  

  Japanese stocks closed on Wednesday at their highest levels in more than two months, as technology shares rose, following in the footsteps of their US counterparts, and auto stocks gained as the yen weakened. The Japanese Nikkei index closed up by three percent to record 28,040.16 points. The broader Topix …

  Read More »
• 23 March 2022 4:09 am

  Market Drivers – US Session – Tuesday 22 March

  

  The US dollar edged lower against most major rivals on Tuesday, except against the Japanese yen, with USD/JPY soaring to 121.02, its highest since February 2016. Economic DataManufacturing activity in the US central Atlantic region rebounded in March after growing marginally in February, according to a survey from the Federal …

  Read More »
• 23 March 2022 3:11 am

  Nike, Pfizer, Alibaba Stocks Among North America Session’s Winners

  

  Shares of Nike jumped 2.2% after the company reported a beat on the top and bottom lines in the third quarter. The retailer reported earnings of 87 cents per share on revenues of $10.87 billion, topping estimates of 71 cents per share on revenues of $10.59 billion. Nike delayed giving …

  Read More »