Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 7 March 2022 12:47 pm

  Japan’s Nikkei Index Records Biggest Drop in 5 Weeks

  

  Japan’s Nikkei index posted its biggest drop in more than five weeks on Monday as the Russia-Ukraine war showed no signs of ending, driving up oil and other commodity prices and raising fears of an inflationary shock accompanied by a global economic recession. The Nikkei index lost 2.94 percent to …

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• 7 March 2022 11:25 am

  Gold Exceeds the 2,000 And Palladium Rises to Record Levels

  

  On Monday, gold prices crossed the $2,000 mark for the first time in a year and a half as investors sought that safe haven in the wake of the escalating Russia-Ukraine crisis while fears of a halt in palladium supplies pushed to an all-time high. And gold rose in spot …

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• 7 March 2022 10:30 am

  Britain Pledges $100 Million to Help Ukraine

  

  British Prime Minister Boris Johnson’s office said Britain will provide $100 million (£75.6 million) to Ukraine through the World Bank as it seeks to keep the country running its core functions and alleviate the financial pressures caused by the Russian invasion. Britain is seeking to play a pivotal role in …

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• 7 March 2022 9:40 am

  Germany: Factory Orders, Retail Sales Beat Estimates in January

  

  The German Factory Orders increased more than expected in January, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is on an upward trajectory. Contracts for goods ‘Made in Germany’ rose by 1.8% on the month vs. 1.0% expected and 3.0% last, the latest data published by …

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• 7 March 2022 9:01 am

  Oil Price Rises Ten Percent in Asia

  

  Oil prices rose more than ten percent in frantic trading on Monday due to fears of a US and European embargo on Russian oil and delays in Iran’s nuclear talks. Brent price rose $12.73 to $130.84, while US crude rose $9.92 to $125.60. And after Brent crude rose 21 percent …

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• 7 March 2022 8:30 am

  Nikkei Falls 2.07% at The Beginning of Trading in Tokyo

  

  The Nikkei average fell in early trading on the Tokyo Stock Exchange on Monday. The Nikkei fell 2.07 percent to 25,446.35 points, while the broader Topix index fell 1.80 percent to 1811.73 points.

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• 7 March 2022 5:46 am

  Weekly Recap 28 Feb – 4 Mar

  

  The forex markets ended the week’s trading negatively, especially after Russia bombed one of the largest nuclear power plants in Ukraine. The US dollar ended the trading on significant gains, taking advantage of the war in Ukraine, in addition to the speech of Jerome Powell, Chairman of the Board of …

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• 5 March 2022 2:28 am

  Market Drivers – US Session – 4 March

  

  The US dollar has benefited from two main things ; firstly, it is looked upon as a safe-haven currency, meaning this week’s choppy equity market conditions weighed on GBP/USD. Secondly, though the BoE does have a head start versus the Fed having kicked off its hiking cycle at the end …

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• 5 March 2022 2:07 am

  US Oil Drilling Rig Count Down For First Time In 6 Weeks

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was down by three to 519 this week. That followed increases in each of the last five weeks, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, …

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• 5 March 2022 1:49 am

  Could Russia Sanctions Impact US Dollar?

  

  Economies of the the United States and other Western nations have deployed a set of potent financial weapons against Russia with remarkable speed aiming at crippling the Russian economy. Cutting off access to global financial markets and to Russia’s war chest of foreign-exchange reserves has dealt Russia’s economy a crippling …

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• 5 March 2022 1:31 am

  USD/JPY Retreats To Weekly Lows

  

  On Friday, the USD/JPY retreats at around 115.80 to weekly lows, negating the chart pattern late in the New York session. At 114.85, the USD/JPY reflects the risk-off market mood due to increasing tensions on the Russia-Ukraine conflict.Global equity indexes recorded losses on a busy day on Friday. The USD …

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• 5 March 2022 1:00 am

  Strong Jobs Data Evidence COVID’s Fading Impact On US Economy

  

  In a buoyant sign for the US economy, businesses stepped up their hiring last month as Omicron faded and more Americans ventured out to spend at restaurants, shops and hotels despite surging inflation.Employers added a robust 678,000 jobs in February, the largest monthly total since July, the Labor Department reported …

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• 4 March 2022 11:36 pm

  White House Pondering Options To Cut Russian Energy Consumption

  

  The White House on Friday confirmed earlier reports that it is looking at options to cut US consumption of Russian energy. The White House labelled Russia’s attack on a nuclear plant in Ukraine as the “height of irresponsibility” and said that targeting civilian infrastructure would constitute a war crime. An …

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