Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 29 March 2022 8:35 pm

  Gold Rebound From Monthly Lows At $1890, Back Above $1910

  

  Gold tumbles to $1890 and then rebounds more than $20. Volatility is set to remain high amid news from Ukraine and sharp moves in the Treasury market. Bearish bias prevails in XUA/USD, more losses seen on a consolidation under $1900.Gold is having another volatile session on Tuesday. Price dropped sharply …

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• 29 March 2022 8:02 pm

  ECB’s Vasle: Interest rate hike this year feasible

  

  European Central Bank Governing Council member Bostjan Vasle on Tuesday said that an interest rate hike this year is feasible, reported newswires. It would be prudent for the ECB not to increase current uncertainties, he added, noting the important of monetary policy predictability. Markets did not immediately react to Vasle’s …

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• 29 March 2022 7:52 pm

  US job openings Retreat In February

  

  US job openings inched lower last month to retreat only modestly from a record high, and vacancies still far outpaced new hires as employers struggled to bring back more sidelined workers.Though vacancies decreased in the latest survey, the data have been volatile and have yet to show a sustainable trend …

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• 29 March 2022 7:40 pm

  US Consumer Confidence Surges In March

  

  US consumer confidence bounced back in March and remains high, though consumers’ short-term outlook is not promising.The Conference Board, a business research group, said Tuesday that its consumer confidence index, which takes into account consumers’ assessment of current conditions and their outlook for the future, rose to 107.2 in March …

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• 29 March 2022 7:23 pm

  Fed’s Harker: Interest rate hikes deliberate, methodical

  

  Philadelphia Fed President and FOMC member Patrick Harker said on Tuesday that interest rate hikes are to be “deliberate” and “methodical”. Inflation is “far higher than … we are comfortable with” Harker said, caveating that “there are some signs in the data, and in what we hear from our contacts, …

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• 29 March 2022 6:15 pm

  Market Drivers – European Session 29-3-2022

  

  As pointed out by Mohamed Hashad, Director of Research and Development Department at Noor Capital, in this morning’s report, The safe-haven yellow metal fell strongly after positive news regarding the progress of negotiations between Russia and Ukraine. As a result, the yellow metal gave up the levels of 1900 dollars …

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• 29 March 2022 5:28 pm

  Breaking: XAU/USD Tumbles Below $1900

  

  As pointed out by Mohamed Hashad, Director of Research and Development Department at Noor Capital, in this morning’s report, The safe-haven yellow metal fell strongly after positive news regarding the progress of negotiations between Russia and Ukraine. As a result, the yellow metal gave up the levels of 1900 dollars …

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• 29 March 2022 5:18 pm

  Oil drops $7 a barrel on positive signals about Russia-Ukraine peace talks

  

  Oil prices fell as much as $7 a barrel during trading on Tuesday, extending losses from the previous session, after Russia described peace talks with Ukraine as constructive, while fresh shutdowns in China to curb the spread of the coronavirus hit fuel demand. Brent crude futures fell to $105.46 a …

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• 29 March 2022 4:22 pm

  Russian Defense Ministry says will scale down military activity around Kyiv and Chernihiv

  

  The Russian Defense Ministry said on Tuesday that it would scale down military activity in Kyiv and Chernihiv in order to create conditions for dialogue, reported Reuters, correcting an earlier headline where they had claimed that Russia said it would “stop” military activity in the area. The Russian Defense Ministry …

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• 29 March 2022 3:12 pm

  European stocks open higher, similar to global markets

  

  European stocks opened with strong gains on Tuesday, as did markets in Asia and Wall Street as investors looked ahead to the outcome of peace talks between Moscow and Kiev in Turkey. The pan-European Stoxx 600 index jumped eight percent, extending its gains for the third consecutive session, with the …

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• 29 March 2022 2:38 pm

  Energy Ministers: The UAE and Saudi Arabia are doing their part to stabilize the oil markets

  

  On Tuesday, the energy ministers of Saudi Arabia and the United Arab Emirates, two of the world’s largest energy producers, said that the two countries had done their part in balancing the oil market. “We have only one task: to stabilize the market. Therefore, we cannot politicize the organization or …

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• 29 March 2022 1:46 pm

  S&P Global forecasts 8.5% contraction in Russia’s economy in 2022

  

  Credit rating agency S&P Global cut its forecast for Russia’s 2022 GDP growth by more than 11 percentage points to a contraction of 8.5%, while slashing its forecasts for Poland and Turkey by more than a percentage point due to the fallout from the war in Ukraine. On its economic …

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• 29 March 2022 1:02 pm

  Japan to ban luxury goods exports to Russia from April 5

  

  Japan will ban the export of luxury goods to Russia from April 5, the Japanese Ministry of Economy, Trade and Industry said in a statement on Tuesday, March 29, in its latest move in response to Russia’s invasion of Ukraine. The banned items include luxury items such as cars, motorcycles, …

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