Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 17 March 2022 1:33 pm

  BoE Preview: Forecasts From Three Major Banks

  

  The Bank of England (BoE) will announce its decision on Thursday, March 17 at 12:00 GMT, and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 3 major banks. Wells Fargo “We expect the BoE to raise its policy rate …

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• 17 March 2022 12:52 pm

  Oil jumps 3% after the International Energy Agency warns of a lack of supply

  

  Oil prices rose about 3 percent on Thursday after the International Energy Agency said markets could lose 3 million barrels per day of crude and refined products from Russia starting in April. The agency stated that the lost supplies would be much larger than the expected drop in demand of …

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• 17 March 2022 12:09 pm

  4 dead after 7.4-Magnitude Earthquake Hits Coast Off Japan’s Fukushima Prefecture

  

  Tens of thousands of Japanese families were still without electricity Thursday morning, ten hours after a powerful 7.3-magnitude earthquake killed at least four people and injured more than 100, as well as halting transportation to the northeast. Wednesday’s earthquake, off the coast of Fukushima, led to the indefinite suspension of …

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• 17 March 2022 11:34 am

  Nikkei Closes at More Than Two-Week High After US Interest Rate Hike

  

  The Nikkei index closed at its highest level in more than two weeks on Thursday, following a strong rally on Wall Street on Wednesday night, after the Federal Reserve (the US central bank) raised interest rates as expected, while boosting hopes of a breakthrough in the Russian conflict. Ukrainian morale. …

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• 17 March 2022 11:04 am

  Gold Stabilizes After The US Federal Reserve Rate Hike

  

  Gold prices stabilized on Wednesday as the dollar weakened after the US Federal Reserve raised interest rates by a quarter of a percentage point in a widely expected move. And the price of gold in spot transactions rose 0.1 percent to $ 1920.45 an ounce (an ounce) at 1920 GMT, …

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• 17 March 2022 5:18 am

  Will BoE Hike Interest Rates To Pre-Covid Level?

  

  On Thursday, March 17 at 12:00 GMT, the Bank of England will announce its decision and as markets get closer to the release time, the British central bank is widely expected to raise the benchmark interest rate by 25 bps from 0.50% to 0.75%, marking a lift-off for a third …

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• 17 March 2022 4:54 am

  Solid Australian Employment Data Offer Support To AUD

  

  Australian employment sped past expectations in February as activity recovered surprisingly quickly from an Omicron outbreak, driving unemployment down to lowest since 2008. The latest data do add to pressure for an early interest rate hike. Latest floods in New South Wales and Queensland have come after the February reference …

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• 17 March 2022 3:12 am

  Market Drivers – US Session – 16 March

  

  The American dollar ended the day lower after the US Federal Reserve monetary policy decision. The US central bank hiked rates by 25 bps, as expected, with Bullard being the only dissenter voting for a 50 bps hike. Economic Data Canadian inflation hit 5.7% YoY in February, according to Statistics …

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• 17 March 2022 2:39 am

  New Zealand’s Economy Bounced Less Than Expected in Q4

  

  New Zealand’s economy grew less than economists expected in the final three months of 2021 as it bounced back from a contraction caused by a lockdown in largest city Auckland. Gross domestic product rose 3% from the third quarter, when it fell a revised 3.6%, Statistics New Zealand said Thursday …

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• 17 March 2022 2:13 am

  Gold Ignores Fed’s Seven Rate Hikes Announcement

  

  The XAU/USD Index has climbed near $1,930.00 after the announcement of the Fed’s monetary policy. An aggressive hawkish stance from the Fed has failed to deter gold bulls. The DXY has slipped near 98.40 in absence of an aggressive interest rate hike by the Fed. Gold prices have rebounded sharply …

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• 17 March 2022 1:59 am

  How Has Canadian Dollar Reacted To Inflation Data, Fed’s Decision?

  

  USD/CAD reached a new daily high after the US central bank raised the benchmark interest rate by 25 basis points, as widely estimated, the first hike since December of 2018. As Fed’s Chair Powell speaks, the USD/]CAD is trading at 1.2716. The Canadian dollar weakened severely, reacting upwards and printing …

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• 17 March 2022 12:39 am

  US Equities Bounce As Powell Mitigates Hawkish Language

  

  US stocks rebound in the Fed aftermath, S&P500 is 1.5% in the green territory. Ukraine/Russia peace talk hopes gain traction in global financial markets. The S&P 500 is in the green by 1.6% and after the volatility surrounding the Federal Reserve that on Wednesday raised its benchmark lending rate for …

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• 17 March 2022 12:02 am

  Powell: If required, Fed will hike interest rates as fast as practically possible

  

  Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that the Fed will move interest rates higher as quickly as it practically can and will move rates beyond the neutral rate if required. We will not let high inflation become entrenched, he said. Key remarks:“Nothing in …

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