Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 22 March 2022 1:22 am

  Goldman Sees Egypt Inflows, Smoother IMF Path After EGP Plunges

  

  Egypt’s move to allow a weaker pound is winning praise from money managers including Goldman Sachs Group Inc. who say it will arrest foreign-capital outflows and boost the nation’s chances of winning the next International Monetary Fund loan. The Egyptian pound tumbled as much as 14% to 18.2323 per dollar …

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• 22 March 2022 12:15 am

  Gold Price Higher Despite Powell’s Hawkish Comments

  

  Gold has advanced on Monday despite the US dollar and yields rising in wake of hawkish Powell commentary. The Gold Index is in the $1940 zone; eyeing recent highs around $1950 as inflation and geopolitical concerns linger.Gold has mostly been trading on the front-foot during US trading hours, despite the …

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• 21 March 2022 11:49 pm

  US Treasury Yields Surge to the Highest Levels Since 2019

  

  Treasuries slumped, sending the two-, five- and 10-year yields to the highest levels since May 2019, as policy makers in the US and Europe cranked up expectations for higher borrowing costs in the face of mounting inflationary pressures.Another round of selling arrived in the early afternoon in New York after …

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• 21 March 2022 11:20 pm

  Cash Crunch Drives Wild Moves In Commodities

  

  Exchanges and brokers are demanding more money up front to trade oil, wheat and natural gas, straining markets already dealing with supply disruptions from the Ukraine war. Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn …

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• 21 March 2022 10:10 pm

  US Stocks Muted, Treasuries Sell Off As Traders Digest Ukraine War Impact

  

  After best week for Wall Street and European equities since 2020, traders at the New York Session witness benchmark S&P 500 share index moving between small gains and losses on Monday. Wall Street and European stocks were subdued on Monday, after their best week since 2020, while US government bonds …

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• 21 March 2022 9:52 pm

  Fed Chair Sees No Highly Possible Recession Next Year

  

  Fed Chair Jerome Powell remarked in a speech on Monday that he doesn’t see an elevated likelihood of a recession in the next year, reported Reuters. Additional Remarks: “It’s hard to say what the economy will look like in wake of recent events, but no one is sitting around waiting …

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• 21 March 2022 9:26 pm

  Gold Price Off Its Highs On Powell’s Inflation Related Comments

  

  Gold prices have fallen from their session highs but are still holding on to gains even as Federal Reserve Chair Jerome Powell signed that the central bank could aggressively tighten interest rates more than markets are expecting.The gold market appears to be taking the hawkish comments in stride. April gold …

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• 21 March 2022 8:50 pm

  Powell: Obvious need to move expeditiously to a more neutral level, higher if needed

  

  Federal Reserve Chair Jerome H. Powell said on Monday that there is an obvious need to move expeditiously to a more neutral level and even more restrictive levels if needed to restore price stability.The risk is rising that there could be an extended period of high inflation that could push …

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• 21 March 2022 8:06 pm

  Nagel: ECB should raise interest rates if prices so require

  

  ECB Governing Council member and Bundesbank President Joachim Nagel said on Monday that the ECB should raise interest rates if the price outlook so requires, if bond-buying ends in Q3 as now planned, rates could rise this year.Nagel said the risks of tightening policy too late have increased and any …

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• 21 March 2022 7:54 pm

  WTI Rallies To $110 As EU Ponders Russia Oil Embargo

  

  The bulls are firmly back in control of global oil markets following a series of bullish catalysts over the weekend which has sent the front-month WTI future as nearly $5.0 higher on the session to test the $110 per barrel area. As the Russian invasion of Ukraine rumbles on and …

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• 21 March 2022 4:42 pm

  Saudis relinquish responsibility for oil shortages in light of Houthi attacks

  

  The Saudi Press Agency, quoting a Foreign Ministry statement, said on Monday that the Kingdom is relinquishing its responsibility for any shortage in oil supplies to global markets in light of the recent attacks by the Iran-aligned Yemeni Houthi movement on Saudi oil facilities. The Saudi Energy Ministry and official …

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• 21 March 2022 3:51 pm

  The dollar is falling and the yen is near a 6-year low

  

  The dollar fell against other major currencies as investors awaited comments from Federal Reserve Chairman Jerome Powell later on Monday, and other central bank policymakers this week for clues on monetary policy. Currency markets have been turbulent over the past month due to the financial fallout from Russia’s invasion of …

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• 21 March 2022 2:30 pm

  The Kremlin: Russia’s oil embargo will harm Europe, not America

  

  The Kremlin said on Monday that Europe would be hit hard in the event of a Russian oil embargo, which would hurt the continent’s energy balance but not affect the United States. Some European Union foreign ministers are pressing for an oil embargo as part of an escalation of sanctions …

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