Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 17 March 2022 10:06 pm

  GBP/USD Recovers Despite BoE’s Dovishness

  

  The GBP/USD pair has recovered from post-BoE lows in the 1.3100s and is back in the green above 1.3150. The pair hasn’t yet been able to get back to pre-BoE levels at 1.3200 as traders mull the dovish meeting.BoE dovishness coupled with headwinds to the global economy as a result …

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• 17 March 2022 9:50 pm

  Game Changing In 2022, Could BTC price Be ‘In Millions’?

  

  Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year. In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin’s (BTC) future under the current macro conditions.Well known for his belief in Bitcoin …

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• 17 March 2022 9:22 pm

  EUR/JPY Eyeing Annual Highs As Eurozone bond yields hit Fresh Highs

  

  The EUR/JPY pair is pushing higher for a fifth successive session and is eyeing a test of 132.00. The pair’s more than 3.0% rally in the last five days comes as Eurozone bond yields push to multi-year highs. As long as geopolitical developments don’t deter the ECB from tightening in …

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• 17 March 2022 8:58 pm

  US Shares Grind Higher Despite Mixed News On Peace Talks

  

  US equities have traded in mixed fashion thus far on Thursday, having been buffeted by mixed Russo-Ukraine negotiations headlines. The S&P 500 is a tad higher on the day in the 4360s and eyeing a test of 4400.With the Fed meeting and US data out of the way, investor focus …

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• 17 March 2022 8:14 pm

  Gold Touches $1,950.00 As Investors Digest Fed, Geopolitical Developments

  

  Gold Price snapped a three-day downtrend to bounce off a 13-day low. Mixed news from the Russia-Ukraine front weighed on the market’s mood. The Gold Index XAU/USD is technically bullish, faces strong resistance around $1,960.The Gold Index advances slowly but steadily as investors continue to dump the greenback. The bright …

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• 17 March 2022 7:31 pm

  WTI Surges Above USD 100 Amid Concerns On Supply Shortage

  

  Oil prices strongly rebounded on Thursday, with front-month WTI futures surging nearly USD 8.0 to the USD 102s. While prices are still USD 27 below last week’s highs, Thursday’s rally may signal an end to the recent bear run.Oil prices have seen a strong rebound on Thursday, with front-month WTI …

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• 17 March 2022 6:54 pm

  Market Drivers – European Session 17-3-2022

  

  In its latest monetary policy announcement, the Bank of England (BoE) opted to raise the benchmark UK interest rate by a further 25bps to 0.75% from 0.50%, as had been widely expected. GBP’s kneejerk reaction was to drop sharply as a result of only eight on nine Monetary Policy Committee …

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• 17 March 2022 5:46 pm

  Weekly Initial Jobless Claims Fall to 214K

  

  There were 214,000 initial jobless claims in the US in the week ending on 12 March, less than the 220,000 expected and below the week prior, when there were 229,000 claims (revised up from 227,000), data published by the US Department of Labor (DOL) revealed on Thursday. The four-week moving …

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• 17 March 2022 4:32 pm

  BoE Hikes interest rates by 25bps to 0.75% as expected

  

  In its latest monetary policy announcement, the Bank of England (BoE) opted to raise the benchmark UK interest rate by a further 25bps to 0.75% from 0.50%, as had been widely expected. GBP’s kneejerk reaction was to drop sharply as a result of only eight on nine Monetary Policy Committee …

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• 17 March 2022 4:16 pm

  Euro Gives up Some Gains And Focus on Ukraine Talks

  

  The euro gave up some of its gains on Thursday as investors closely watched any developments in talks between Russia and Ukraine, while monetary policy decisions by the US central bank failed to impact the market as expectations of a rate hike were high. The euro rose 0.05 percent to …

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• 17 March 2022 3:14 pm

  Gold Shines as Dollar Declines And Bond Yields Rise

  

  Gold prices rose on Thursday as the dollar fell after the Federal Reserve raised interest rates, which makes the precious metal less expensive for holders of other currencies, but the rise in Treasury yields limited the gains. And spot gold contracts rose 0.4 percent to $ 1936.26 an ounce, after …

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• 17 March 2022 2:45 pm

  Euro Area Annual HICP Rises to 5.9% in February

  

  Annual inflation in the euro area, as measured by the Harmonised Index of Consumer Prices (HICP), rose to 5.9% in February, Eurostat announced on Thursday. This print came in higher than the flash estimate and the market expectation of 5.8%. the Core HICP, which excludes volatile food and energy prices, …

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• 17 March 2022 2:41 pm

  European shares rise after US interest rate hike

  

  European shares rose on Thursday, tracking Wall Street gains overnight after a widely expected hike in US interest rates, while optimism about Russia-Ukraine peace talks boosted sentiment. The pan-European Stoxx 600 index rose 0.5% by 0900 GMT and is on track to recover all of its losses in March. Wall …

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