Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 26 March 2022 1:59 am

  Canadian dollar gains for 9th day on favorable yield spreads

  

  The Canadian dollar gains against the USD. It was trading 0.4% higher at 1.2477 to the USD, or 80.15 US cents, after touching its strongest intraday level since Jan. 20 at 1.2471. It was the ninth consecutive day of gains for the Canadian currency, which is the longest winning streak …

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• 26 March 2022 12:54 am

  Baker Hughes: Weekly US Oil-Drilling Rig Count Climbs

  

  Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by seven to 531 this week. That followed a decline of three oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

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• 26 March 2022 12:25 am

  US Dollar Benefits From Higher Treasury Yields

  

  The US dollar climbed against its most major counterparts in the New York session on Friday, as US treasury yields rose amid growing expectations that the Federal Reserve will tighten monetary policy aggressively to curb high inflation.The benchmark yield on the 10-year treasury note spiked up to 2.462 percent. Yields …

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• 25 March 2022 11:15 pm

  BoC’s Kozicki: “Prepared to act forcefully” to return inflation to 2.0% target

  

  The Bank of Canada is “prepared to act forcefully” to return inflation to its 2.0% target, said Deputy Governor Sharon Kozicki on Friday. Key Quotes:“It’s important to be clear that returning inflation to the 2% target is our primary focus and unwavering commitment.”“The pace and size of rate hikes and …

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• 25 March 2022 9:35 pm

  Gold Set For Solid Weekly Gains Despite Higher Yields

  

  Gold (XAU/USD) prices have seen indecisive, two-way price action in recent trade, swinging between the mid-$1940s and $1960s. A sharp rally in US yields to fresh multi-year highs to reflect an upping of hawkish Fed bets as market participants reacted to a chorus of major US banks issues hawkish new …

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• 25 March 2022 8:20 pm

  Fed Bets On Soft Landing, But Recession Risk Still Looming

  

  US central bank policymakers have made it clear that they will do what it takes to control inflation. They are betting on a soft landing, but a bumpy one is still a risk.Jerome Powell, the Federal Reserve chair, emphasized this week that the central bank he leads could succeed in …

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• 25 March 2022 8:08 pm

  Michigan Consumer Sentiment Mostly Unchanged In March

  

  Consumer Sentiment remained largely unchanged in late March at the same diminished level recorded at mid month. Inflation has been the primary cause of rising pessimism, with an expected year-ahead inflation rate at 5.4%, the highest since November 1981. Inflation was mentioned throughout the survey, whether the questions referred to …

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• 25 March 2022 7:46 pm

  Aramco Oil Facility In Jeddah Hit By Houthi Missile

  

  A Saudi Aramco oil facility located in Jeddah, Saudi Arabia, was hit by a missile launched by Yemen’s rebel Houthi militia on Friday, reports on social media suggested. A Yemeni Houthi spokesperson later said that the group would be announcing more details on a wide operation in Saudi Arabia later …

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• 25 March 2022 5:44 pm

  Russia Allows Friendly Countries to Pay for Natural Gas in Bitcoin

  

  Russia’s foreign ministry said on Thursday that NATO is reaping terrible results from the decision to pump Ukraine with weapons, Reuters reported citing RIA news agency.These comments do not seem to be having a noticeable impact on the market mood. As of writing, the US Dollar Index was up 0.2% …

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• 25 March 2022 4:39 pm

  The government of Ukraine ends restrictions on the export of corn and sunflower oil

  

  The Ukrainian government website reported on Friday that the government has removed the requirement to obtain export licenses for corn and sunflower oil for the 2021-2022 season. Ukraine had suspended exports of some grains, salt, sugar, meat and livestock as it battled an invasion by Russian military forces, and loaned …

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• 25 March 2022 3:09 pm

  The European Union concludes a gas deal with the United States as it seeks to reduce its dependence on Russia

  

  The United States said it will work with international partners to provide at least an additional 15 billion cubic meters of liquefied natural gas to Europe this year. US President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to reduce …

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• 25 March 2022 1:59 pm

  EU approves new antitrust rules targeting big tech companies

  

  The European Union has approved important new antitrust rules that could dramatically reshape the business models of tech giants Meta, Apple, Amazon and Google, and the rules are expected to take effect in October. The European Parliament and EU member states have reached a landmark agreement on the Digital Markets …

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• 25 March 2022 1:25 pm

  European stocks fall as the crisis in Ukraine worsens

  

  European shares fell for the third consecutive session on Friday, on course to end the week lower as the escalating Russia-Ukrainian conflict kept investors cautious as the weekend approaches. A decline in financial and technology shares erased gains in core and low-risk sectors, with the pan-European Stoxx 600 index falling …

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