Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 8 March 2022 4:15 pm

  European Shares Witness a Temporary Recovery

  

  European shares rose on Tuesday as the banking sector recovered from a weeks-long crisis, but market sentiment was low after Moscow warned against cutting gas supplies to the continent. The pan-European Stoxx 600 index rose 0.8 percent, with banking shares gaining 3.6 percent, after hitting a one-year low in the …

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• 8 March 2022 3:18 pm

  Euro Area Economy Grows by 0.3% in Q4

  

  The data published by Eurostat showed on Tuesday that seasonally adjusted Gross Domestic Product (GDP) in the euro area expanded by 0.3% on a quarterly basis in the fourth quarter. This print came in line with the initial estimate and the market expectation. Compared with the same quarter of the …

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• 8 March 2022 2:02 pm

  Japan Supports G7 Sanctions Against Russia

  

  In his appearance Tuesday, Bank of Japan Governor Haruhiko Kuroda said that potential sanctions from the G7 countries will have a significant impact on Russia’s finances, adding that “the amount of foreign reserves that Russia can tap has already significantly decreased due to the sanctions.” Where Japan expressed its readiness …

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• 8 March 2022 1:16 pm

  Nikkei Closes at 16-Month Low

  

  Japan’s Nikkei index closed at a 16-month low on Tuesday as investors worried that higher oil and other commodity prices would hurt corporate earnings and slow economic growth. The Nikkei index fell 1.71 percent to 24790.95, its lowest closing level since November 6, 2020, while the broader Topix index fell …

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• 8 March 2022 12:01 pm

  The World Bank Approves $723 Million in Loans And Grants to Ukraine

  

  The World Bank said its executive board on Monday approved a package of $723 million in loans and grants to Ukraine to support the government’s budget as the country grapples with war from Russia. The bank added in a statement that the package includes $350 million to complement a previous …

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• 8 March 2022 11:46 am

  Australian Refining Companies Announce They Will Stop Buying Oil From Russia

  

  Australian refiner Viva Energy said Tuesday (March 8) it will stop buying Russian crude, joining a growing number of companies in cutting trade ties with Russia over its invasion of Ukraine. Viva Energy joins a handful of companies that are restricting, deferring or withdrawing from business activities in Russia following …

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• 8 March 2022 11:09 am

  Russia Threatens to Cut Off Gas Supplies Via Nord Stream 1

  

  Russian President Vladimir Putin told German Chancellor Olaf Scholz in a call on Friday that while Russia is open for Russian Deputy Prime Minister Alexander Novak said on Monday that Russia may cut off gas supplies via the Nord Stream1 pipeline to Germany, but so far has not taken such …

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• 8 March 2022 10:37 am

  Oil Hits 14-Year High on Talk of Russian Oil Embargo

  

  Oil prices jumped on Monday to their highest levels since 2008 as the United States and its European allies considered banning crude imports from Russia, while a quick return of Iranian crude to global markets looked less likely. Brent crude futures ended the trading session up $5.1, or 4.3 percent, …

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• 8 March 2022 4:41 am

  Market Drivers – US Session – 7 March 2022

  

  Risk aversion continues as the major market driver amid the Russian invasion of Ukraine. The attacks have continued throughout the weekend, and a third round of cesefire talks has not eased the situation. Economic DataThe Investor Movement Index® (IMXSM) decreased to 6.79 in February, down from 7.07 in January. The …

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• 8 March 2022 4:31 am

  WTI Seeks To Overstep $122.00 As EU Prepare To Cut Russian Gas

  

  American WTI crude futures on NYMEX, has attracted some significant offers near $125.05 after Germany refused to follow the footprints of the US and prohibit imports of Russian oil.Oil prices need to surpass $122.00 to regain their mojo amid an overall positive undertone in the oil counter on supply bottlenecks.Earlier …

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• 8 March 2022 2:11 am

  IMXSM Index decreased in February

  

  The Investor Movement Index® (IMXSM) decreased to 6.79 in February, down from 7.07 in January. The IMX is TD Ameritrade’s proprietary, behavior-based index, aggregating Main Street investor positions and activity to measure what investors actually were doing and how they were positioned in the markets. February’s reading for the period …

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• 8 March 2022 1:31 am

  US Equities Slump Lower Amid Renewed Stagflation Concerns

  

  US equities markets took a beating on Monday as a fresh surge in global commodity prices on Russia supply disruptions fears triggered fears of higher US inflation coupled with weaker growth against the backdrop of the Federal Reserve’s tightening.The S&P 500 cratered nearly 3.0%, dropping all the way back to …

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• 8 March 2022 12:41 am

  Gold Approaches $2000 Before Looming Wall Street’s Close

  

  Gold overnight hit a YTD high at $2002.67, but afterwards, retreated to January’s 2021 resistance level-turned-support around $1959.40. Just now, the XAU/USD Index is trading at $1996.21, reflecting the risk-aversion of the financial markets.The conflict between Russia-Ukraine has not eased amid the third round of ceasefire talks. Sanctions on Russia …

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