Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 28 March 2022 9:24 pm

  BoE Expects UK Energy Shock Similar To The 1970s

  

  Consumers and businesses will come under severe pressure from cost of living squeeze, according to BoE governor Andrew Bailey says: ‘The shock from energy prices this year will be larger than any single year in the 1970s”, Bailey added. Britain’s economy is expected to suffer a growth slowdown amid the …

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• 28 March 2022 8:40 pm

  US Shares drop as stocks open mixed

  

  US equities are trading mixed after Wall Street’s opened two hours ago. The losers are the S&P 500 and the Dow Jones Industrial Average, each losing between 0.15% and 0.49%, sitting at 4537.05 and 34,691.34, respectively. The gainer is the heavy-tech Nasdaq Composite gaining 0.25% at 14,787.13 around 15:33 GMT. …

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• 28 March 2022 8:29 pm

  Americans Support Tougher Sanctions On Russia

  

  A majority of Americans believe President Biden has not been “tough enough” on Russia over its invasion of Ukraine but are concerned about the US being drawn into an all-out war with Russia, according to a poll published on Monday by the Associated Press-NORC Center for Public Affairs Research.Why it …

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• 28 March 2022 8:19 pm

  Ruble’s Rebound Engineered By Russia’s Central Bank

  

  The recipe behind the Russian ruble’s rebound was based upon limiting selling and forcing buying. This is exactly how Russia has manufactured demand for its beleaguered currency. The consequences of harsh economic sanctions against Russia are felt all over the globe. Hence, lies the importance exploring what happened so far …

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• 28 March 2022 8:07 pm

  GBP/USD Drops On Mixed Sentiment, Firmer Dollar

  

  The sterling begins the trading week down by 100-pips amid broad US dollar strength in the financial markets, courtesy of higher yields as market players expect a 50 bps increase to the Federal Funds Rate (FFR) by the US central bank. The market sentiment is mixed as European shares rise, …

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• 28 March 2022 7:26 pm

  OPEC+ to stick to May oil output increase plan

  

  The U.S., Europe and Japan have called on oil-producing nations to do more to tackle record-high prices amid the war in Ukraine and ongoing supply shortages. On Monday, OPEC+ group was reportedly expected to stick to the May oil output plan increase plan at the March 31 meeting as several …

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• 28 March 2022 4:56 pm

  US: International trade deficit narrows in February

  

  The international trade deficit of the US declined by $1 billion in February to $106.6 billion from $107.6 billion in January, the US Census Bureau reported on Monday. “Exports of goods for February were $157.2 billion, $1.9 billion more than January exports,” the press release further read. “Imports of goods …

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• 28 March 2022 4:28 pm

  Market Overview: Yen at 6-year low as Bank of Japan moves to contain bond yield surge

  

  The Japanese yen fell on Monday to its lowest level in six years against the dollar and is on track to record its largest daily loss since March 2020, after the Bank of Japan moved to contain rising bond yields even as US Treasury yields rose to new highs not …

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• 28 March 2022 3:04 pm

  Bank stocks support European stock markets

  

  European stock markets indices rose on Monday, boosted by banks and insurance companies, which are strongly affected by interest rate movements, as government bond yields continued to rise, while the atmosphere also improved with hopes of a peace agreement to end the Ukraine crisis. The pan-European Stoxx 600 index rose …

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• 28 March 2022 2:34 pm

  The rise in US oil exports leads to the withdrawal of crude from a storage center

  

  Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by seven to 531 this week. Traders said US oil exports have jumped in the wake of Russia’s invasion of Ukraine and that domestic oil that used to go to a storage hub …

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• 28 March 2022 1:55 pm

  Russian Foreign Minister: Relations between Russia and China are at their strongest ever

  

  Russian Foreign Minister Sergei Lavrov said that Russia and China relations are at their strongest ever, as Western countries seek to isolate Moscow with unprecedented sanctions over the Ukraine crisis. Beijing has repeatedly expressed its opposition to the sanctions, insisting it will maintain normal economic and trade relations with Russia, …

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• 28 March 2022 1:42 pm

  UAE Energy Minister: We will work with OPEC + to ensure market stability

  

  The UAE Energy Minister, Suhail Al Mazrouei, said today, Monday, that the UAE will work with OPEC + to ensure the stability of the energy market, according to what was reported by Reuters. He added in an energy forum that the UAE is trying its best and raising its production …

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• 28 March 2022 12:59 pm

  The price of gold fell one percent as the dollar rose

  

  Gold prices fell more than one percent on Monday after the US dollar rose. Treasury yields settled near multi-month highs as investors focused on potential peace talks between Russia and Ukraine dented gold’s safe-haven appeal. Spot gold prices fell 1.2 percent to $1,934.61. US gold futures fell one percent to …

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