Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 4 March 2022 1:37 pm

  Ukraine: Russian Forces Took Control of The Zaporizhia Nuclear Power Plant

  

  Russian forces have taken control of the Zaporizhia nuclear power plant in southeastern Ukraine, local authorities said. And the authorities stated on social media that “the operational crews are monitoring the condition of the power units.” Ukraine said Russian forces attacked the station in the early hours of Friday morning, …

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• 4 March 2022 12:58 pm

  The Russian Ruble Falls to New Records in Volatile Trading

  

  The Russian ruble fell to new record lows against the dollar on Thursday, after Fitch and Moody’s downgraded Russia’s sovereign debt rating to “junk”. Russia’s financial markets have been turbulent due to sanctions imposed for its invasion of Ukraine, the biggest attack on a European country since World War II. …

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• 4 March 2022 11:53 am

  Japan Shares Fall to The Lowest Level in Two Weeks

  

  Japanese shares fell to their lowest level in nearly two weeks on Friday as the fighting in Ukraine escalated, but the Nikkei index avoided its lowest close in 15 months as the market settled in the midday session. The Nikkei ended the session down 2.23 percent to close at 25,985.47 …

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• 4 March 2022 11:50 am

  Oil Retreats From Decade High as Iran Talks Revive Hopes of Oversupply

  

  Oil fell 2 percent on Thursday, after hitting prices not seen in nearly a decade, amid selling on hopes that the United States and Iran will soon reach a nuclear deal that could contribute to increasing supply, which is currently suffering from tightness. Trading was volatile, with crude oil prices …

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• 4 March 2022 10:43 am

  Europe Can Reduce Gas Imports From Russia by More Than a Third in a Year

  

  The International Energy Agency said on Thursday that Europe could reduce the import of Russian gas by more than a third within a year, and the agency announced a 10-point plan to reduce the European Union’s dependence on Russian gas. “Nobody is under any illusions anymore. Russia’s use of its …

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• 4 March 2022 4:17 am

  Market Drivers – US Session – 3 March

  

  Risk aversion has been leading most assets amid the war fogs and indecisive peace talks in Eastern Europe. Economic DataEarlier on Thursday, the headline ISM Services PMI reading slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the …

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• 4 March 2022 3:54 am

  Williams Expects Inflation Retreat, But Stay Above Fed’S 2% Goal

  

  New York Federal Reserve John Williams says that the central bank has to be data-dependent and transparent about its thinking.Williams says officials have to be open to changing course when the data suggests that’s what is needed.Key QuotesSupply chain issues and labour shortages have lasted much longer than expectedThere is …

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• 4 March 2022 3:39 am

  Ukraine: Over $54 Million Donations In Bitcoin

  

  Donations in cryptocurrencies such as bitcoin and ethereum are pouring into Ukraine as the war with Russia enters its second week. Since Russian troops invaded Ukraine on 24 February, more than 102,000 cryptoasset donations, totaling $54.7 million, have gone to the Ukrainian government and Come Back Alive Campaign.Donations have also …

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• 4 March 2022 3:16 am

  US Commerce Secretary reviews how tariff exclusions could ease inflation

  

  US Commerce Secretary Gina Raimondo said on Thursday the Biden administration was examining whether providing exclusions from tariffs inherited from the previous administration was a way to ease inflation.“The president has asked me, has asked members of his cabinet, to look at every possible tool in our toolbox to deal …

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• 4 March 2022 2:09 am

  WTI Retreats On Back Of Iranian Supply Prospects

  

  US oil price is off by some 3% as WTI crude fell off decade highs on Thursday following reports that a deal to allow the return of Iranian supplies to the global market is near.Traders are looking for supplements that can replace Russian exports that have been cut by sanctions …

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• 4 March 2022 1:35 am

  Ahead NFP Data, Gold Surges, Hitting USD 1,940

  

  Gold price has surged in the late New York session. It trades now 0.6% higher and has reached a new high of USD 1,941.29. The US dollar has suffered a marginal blow late in the day without fundamental changes or news headlines.The DXY index slid from 97.953 and now sits …

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• 4 March 2022 12:53 am

  Oil Slides as US Hints Significant Progress in Iran Nuclear Talks

  

  US State Department said on Thursday that there has been significant progress in nuclear talks with Iran and we are close to a possible deal.However, a number of difficult issues remain unresolved and we will not have a deal unless we can resolve the remaining issues quickly. Oil slid 2% …

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• 4 March 2022 12:42 am

  US Shares Pare Down Intra-day Losses

  

  US equities maintained mixed performance on Thursday and defined more by rotation from growth into value than risk-on or risk-off. The S&P 500 recovered most of an intra-day drop of nearly 1.0%, but remains capped under 4400. US equity market trade has been more defined by rotation from high multiple …

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