Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 3 March 2022 1:43 am

  ECB’s Centeno: Ukraine Conflict To Bring About Stagflation Scenario

  

  European Central Bank Governing Council member Mario Centeno said on Wednesday that the Russo-Ukraine war could lead to a stagflation scenario depending on the duration of the conflict and the European response.The exclusion of the Russian economic area via sanctions will have a devastating impact on Russia’s economy, Centeno added.Beyond …

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• 3 March 2022 12:27 am

  EUR/USD Hits Resistance As Markets Focus On Ukraine

  

  EUR/USD is stalling on its advance in later trade on Wall Street as the price moves into what would be expected to act as a resistance area on the hourly chart. At 1.1129, the price is trading near flat on the day after climbing from a low of 1.1057 to …

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• 3 March 2022 12:16 am

  Yellen Vows Tighter Sanctions Against Russia

  

  The United States is determined to continue to impose severe consequences on Putin and Russia over Ukraine war. US Treasury Secretary Janet Yellen said on Wednesday that the US will continue to impose severe consequences on Russian President Vladimir Putin and Russia over the invasion of Ukraine.Russia will increasingly become …

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• 2 March 2022 11:55 pm

  BoE’s Tenreyro: Oil Prices Spikes Increase Inflation, Dampen UK Economy

  

  Bank of England Monetary Policy Committee Member Silvana Tenreyro said on Wednesday that the latest rise in oil prices will increase inflation and dampen UK economic activity. The high level of companies wage expectations in the BoE’s latest Agents’ survey was a surprise, though we will have to see if …

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• 2 March 2022 11:33 pm

  Fed’s Beige Book: Economic Activity Has Expanded Since January

  

  On Wednesday, the Fed’s Beige Book for March 2022 was released citing the word “modest” 52 times, “moderate” mentioned 47 times and “Uncertainty” 11 times. Some traders guess a lot of what happens today and tomorrow will depend on the Fed’s Beige book Key QuotesEconomic activity has expanded at a …

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• 2 March 2022 11:16 pm

  US: Sanctions On Russian Energy On The Table

  

  The United States is open to imposing sanctions on Russia’s oil and gas industry but going after its exports now could help Moscow, the White House said on Wednesday as oil prices touched eight-year highs and supply disruptions mounted.The White House is considering hitting Moscow’s vast energy sector over Russia’s …

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• 2 March 2022 10:16 pm

  Treasury yields rose on Powell’s Rate Hike Hints

  

  The 10-year Treasury yield climbed above 1.8% Wednesday as Federal Reserve Chairman Jerome Powell offered an unusual degree of transparency for a Fed Chair, indicating that he endorses a quarter-percentage point increase when the central bank concludes its two-day policy meeting on March 16. Wednesday’s trading brought a respite to …

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• 2 March 2022 9:56 pm

  Canadian Dollar Leads G10 Gains As Rate Hike, Tightening Get Going

  

  The Canadian dollar strengthened against its US counterpart on Wednesday as oil prices surged and the Bank of Canada hiked interest rates as expected for the first time since October 2018 despite the crisis in Ukraine.Canada’s central bank hiked its key interest rate by 25 basis points to 0.50% to …

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• 2 March 2022 9:35 pm

  US Official: No change on the ground in Ukraine since Tuesday

  

  A US official said on Wednesday that the US assesses there have been no significant changes on the ground in Ukraine since Tuesday and that Russian force numbers in Ukraine have slightly increased, reported Reuters. There has been an increase in the Russian’s use of missiles and artillery target Kyiv, …

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• 2 March 2022 8:59 pm

  Russia: Ceasefire To Be Discussed In Talks With Ukraine

  

  A Russian negotiatorssaid on Wednesday that a potential ceasefire will be discussed in upcoming talks with the Ukrainian delegation, reported Russia’s Interfax.The Russian delegation is waiting for talks with their Ukrainian counterpart in a second round of negotiations.Satellite images showed a 40-mile-long Russian military convoy approaching Ukraine’s capital of Kyiv …

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• 2 March 2022 8:20 pm

  Lane: ECB Ready To Take Any Action To Ensure Price Stability

  

  European Central Bank Chief Economist Philip Lane said on Wednesday that the central bank stands ready to take whatever action is needed to fulfill its responsibilities to ensure that price stability and financial stability in the euro area is maintained, reported Reuters. Key Quotes:“The medium-term orientation allows for inevitable short-term …

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• 2 March 2022 7:42 pm

  Powell: Fed needs to move away from stimulative monetary policy

  

  US Federal Reserve Chair Jerome Powell, testifying before Congress on the first day of his semi-annual speech, said that it is time to move away from highly stimulative monetary policy settings.Monetary policy cannot address supply-side challenges and constraints, Powell added, stressing that “The US economy is very strong, the labor …

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• 2 March 2022 7:19 pm

  BoC Hikes Interest Rates To 0.50% As Expected

  

  The Bank of Canada lifted interest rates by 25bps to 0.50% as expected on Wednesday, adding that it expected it will need to raise interest rates further. The BoC said that it would continue with the reinvestment phase of its balance sheet, maintaining its overall holdings of Canadian government bonds …

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