Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 2 March 2022 12:00 am

  Putin Prohibits Foreign Currency Shipments From Russia

  

  Russian President Vlademir Putin has issued a directive prohibiting foreign currency shipments from Russia in amounts greater than $10,000 as of Wednesday 2 March according to Kremlin’s statement. As the Western sanctions aim to cripple the Russian economy, this latest move could be a sign that Putin is concerned. The …

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• 1 March 2022 11:27 pm

  BoE’s Mann: UK inflation heading to 7.25% in April

  

  The Bak of England’s Catherine Mann said that UK inflation is heading to 7.25% in April.She voted for a 50 basis point rise in interest rates this month because she saw little sign of an easing in the public’s price expectations, which risk causing inflation to stay too high for …

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• 1 March 2022 11:19 pm

  Fed’s Bostic: US Pressed To Lower Inflation For 2022

  

  Atlanta Fed President and FOMC member Raphael Bostic said on Tuesday that the US will be “hard-pressed” to get inflation back below 3.0% for all of 2022, reported Reuters. Bostic added he is still optimistic that Fed actions will produce steady movement of inflation back to the bank’s 2.0% target. …

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• 1 March 2022 11:13 pm

  On Course For Historic Intra-day Rally, WTI Approaches USD 107.50 Highs

  

  The American WTI crude oil surged into the USD 104.00s on Tuesday, up sharply from Monday’s close in the USD 95.00 territories.The 2014 high in the USD 107.50 area has for now acted as a barrier to further upside. The historic intra-day rally has been driven by traders pricing in …

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• 1 March 2022 10:50 pm

  BoE’s Saunders: Quicker QT Helps Limit Overall Tightening Cycle

  

  The Bank of England’s Michael Saunders says vote for a 50bp hike in February ”does not necessarily imply that I believe that the level of rates one or two years ahead will be higher than the yield curve used for the February MPR.”Saunders has pointed out that it is important …

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• 1 March 2022 9:52 pm

  Poland’s Morawiecki: Ukraine Crisis Existential Threat To Peace In Europe

  

  Polish Prime Minister Mateusz Morawiecki said on Tuesday that conflict in Ukraine is an existential threat to peace in Europe. Poland is ready to introduce an immediate embargo on Russian coal imports, he added, and all they need is the green light from Brussels. Morawiecki proposed that the EU should …

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• 1 March 2022 9:44 pm

  Q4 Faster GDP Growth Ensures BoC’s Interest Rate Hike

  

  Canadians took advantage of elevated savings and low interest rates to buy houses in 2021. The Canadian economy grew at an annual rate of 6.7 per cent in the fourth quarter, much faster than the Bank of Canada was expecting, guaranteeing an interest-rate increase when policymakers announce the results of …

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• 1 March 2022 9:24 pm

  IEA releases 60M barrel from strategic reserves

  

  US, IEA Agree to Release 60 Million Barrels From Oil Stockpiles Amid Ukraine’s CrisisThe US and other major oil-consuming nations said Tuesday they willl release 60 million barrels of oil from their emergency stockpiles, sending a jolt of new crude supplies into the market amid a price surge caused by …

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• 1 March 2022 8:10 pm

  What Russia’s SWIFT Ejection Really Mean Amid War Fogs

  

  Filtering information is one of investors’ most important tasks. It is normally a difficult task under the best conditions, but right now, amid the fog of war, filtering information is nearly impossible.Away from reports, fake images and news from Russia and Ukraine, the fog is also engulfing a lot of …

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• 1 March 2022 7:43 pm

  AUD/USD Expected to Surge On rising Commodity Prices

  

  Climbing commodity prices are a good catalyst to provide support to the Australian dollar. Subsequently, economists at Rabobank expect the AUD to break with its status of a high-risk currency and forecast the AUD/USD at 0.74 by year-end.AUD/USD to break with its traditional role of ‘higher risk’ G10 currency. Commodity …

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• 1 March 2022 7:00 pm

  Canada: Markit Manufacturing PMI rises slightly in February

  

  Canadian Manufacturing PMI rose slightly to 56.6 in February, indicating continued robust growth in the manufacturing sector. That marked a slight gain from January’s 56.2 reading and was a little above expectations for 56.4.Markit Manufacturing PMI, released by Markit Economics, is based on data compiled from monthly replies to questionnaires …

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• 1 March 2022 5:20 pm

  The Saudi Cabinet Says it Supports The OPEC+ Agreement

  

  A statement by the Saudi Cabinet on Tuesday renewed the kingdom’s support for the OPEC + agreement, which provides for an increase in the supply of crude exporters from the Organization and allied producers by 400,000 barrels per day each month. And the official Saudi Press Agency quoted a statement …

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• 1 March 2022 4:40 pm

  Bank of Canada Rate Decision Preview

  

  This Wednesday at 1500 GMT, the BOC is expected to raise its benchmark interest rate to 0.50% from 0.25% (an all-time low) for the first time since October 2018. There is no press conference following the March meeting. At its January meeting, the central bank left the key rate unchanged …

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