Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 16 March 2022 5:32 pm

  Canada: Annual CPI rises to 5.7% in February

  

  Canadian inflation hit 5.7% YoY in February, according to Statistics Canada’s latest headline Consumer Price Index (CPI) release on Wednesday. That was above the expected rise to 5.5% from 5.1% in January. The MoM increase in the headline CPI in February was 1.0%, a little above the 0.9% expected and …

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• 16 March 2022 4:47 pm

  USD/JPY closer to highest level since 2018

  

  The dollar index fell against the major currencies during Wednesday’s trading before the Federal Reserve’s decision, while the US currency traded near a 5-year high against the yen. The US central bank is expected to implement its first rate hike since 2018 later in the day amid uncertainty over the …

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• 16 March 2022 4:38 pm

  US Retail Sales rise by 0.3% in February

  

  Retail Sales in the US rose by 0.3% on a monthly basis in February to $658.1 billion, the data published by the US Census Bureau showed on Wednesday. This reading fell short of the market expectation for an increase of 0.4%. On a positive note, January’s print got revised higher …

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• 16 March 2022 3:03 pm

  US Index Futures Rise, Eyes on Fed Meeting

  

  US Dow Jones futures rose more than 300 points as Wall Street attempts to rally for the second day in a row, despite the US Federal Reserve meeting tonight. Dow Jones Industrial Average futures rose 359 points, or 1.1%, while S&P 500 futures rose 1.2%. Nasdaq 100 futures jumped 2%. …

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• 16 March 2022 1:49 pm

  European Stocks Hit Two-Week Highs

  

  European stocks rose to near two-week highs on Wednesday after China promised to roll out more stimulus to boost its economy, while hopes of progress in Ukraine-Russia peace talks kept the mood buoyant. The pan-European STOXX 600 index rose 2.2%, hitting its highest since March 3. Battered stock markets in …

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• 16 March 2022 1:00 pm

  IEA says 3 mln bpd of Russian oil could be shut in next month

  

  The International Energy Agency said on Wednesday that three million barrels per day of Russian oil and its products may not reach the market by the beginning of April, in the wake of Russia’s invasion of Ukraine. “Of the cutback, we see a reduction in total exports of 2.5 million …

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• 16 March 2022 12:03 pm

  FED Preview: Forecasts From 4 Major Banks

  

  The US Federal Reserve will announce its monetary policy decisions on Wednesday, March 16 at 18:00 GMT, and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 4 major banks. JP Morgan “The Fed is gearing up to combat rising …

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• 16 March 2022 11:41 am

  British Prime Minister seeks to increase supplies of UAE and Saudi oil

  

  British Prime Minister Boris Johnson will visit the United Arab Emirates and Saudi Arabia on Wednesday as part of efforts to secure more oil supplies and increase pressure on Russian President Vladimir Putin over Ukraine. At a time when Britain, like most of the West, faces a state of frenzy …

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• 16 March 2022 11:18 am

  Biden Signs Government Funding Bill That Includes $13.6 Billion in Aid to Ukraine

  

  President Joe Biden on Tuesday signed a $1.5 trillion bill that funds federal operations through September and sends billions of dollars in aid to Ukraine as the country grapples with a war with Russia. Washington had to approve the spending plan by the end of the day to prevent a …

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• 16 March 2022 10:35 am

  EU, Three Countries Agree To Waive Covid Vaccines’ Intellectual Property

  

  The United States, the European Union, India, and South Africa have reached a preliminary agreement on a limited waiver of intellectual property rights for COVID-19 vaccines, informed sources said Tuesday. The sources said that the initial agreement between a smaller group of countries needs the approval of the capitals of …

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• 16 March 2022 4:06 am

  Market Drivers – US Session – 15 March

  

  The US dollar started the day on the back foot but managed to recover the ground lost during US trading hours. The EUR/USD pair is trading at around 1.0940, while GBP/USD changes hands at 1.3035.Economic DataCanada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in …

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• 16 March 2022 4:02 am

  Could US Retail Sales Data Redirect FOMC’s Decision?

  

  Economists expect US Retail Sales to have risen by a modest 0.4% in February. Robust consumption figures in previous months open the door to an upside surprise.Surge in the dollar could serve as a selling opportunity ahead of a potentially dovish Fed. Even war cannot stop America’s shopping extravaganza and …

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• 16 March 2022 3:07 am

  Biden to announce $1 billion military aid to Ukraine Wednesday

  

  US President Biden is expected to announce more than $1 billion in new military assistance to the Ukraine government as early as Wednesday, according to US officials. Ukrainian President Volodymyr Zelensky is expected to make a plea to Congress for more aid to defend his country.The money would come from …

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