Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 28 March 2022 11:12 pm

  EUR/USD nearing technical support as Ukraine crisis dominates

  

  EUR/USD pair is back to being in the green in midday New York trade after being underwater at the start of the session when it was near to the lows of the day, 1.0944. The pair has perked up following a weakening in the US dollar and has climbed to …

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• 28 March 2022 10:56 pm

  Biden announces US 2023 Budget

  

  US President Joe Biden announces his Budget for Fiscal Year 2023. This is expected to reduce deficits by more than $1 Trillion over the next decade, advance safety and security at home and around the world, and make the investments needed to build a better America.The Biden administration on Monday …

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• 28 March 2022 10:50 pm

  Gold futures settle lower for a second straight session

  

  Gold futures settled lower on Monday for a second straight session, with strength in the US dollar pressuring prices for the precious metal. The dollar has generally been the primary safe haven in recent weeks, but interest in gold, while perhaps somewhat subdued, is still relatively solid. Investor sentiment has …

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• 28 March 2022 10:20 pm

  USD/CHF Hovers Around 0.9350 As Bulls Eye 0.9380s

  

  The USD/CHF pair keeps buoyant after a positive Asian and European session, which witnessed the US dollar’s strength, pushing the pair up to the daily high around 0.9381, but of late retreated just over January 31 daily high, which sits at 0.9342. The USD/CHF is trading at 0.9353.Reflection of the …

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• 28 March 2022 10:00 pm

  Treasury Yield Curve Flattening Accelerates

  

  Most Treasury yields slipped on Monday, as buyers returned to government debt following last week’s brutal selloff. Meanwhile, one part of the yield curve inverted for the first time in more than half a decade.The yield on the 10-year Treasury note TMUBMUSD10Y, 2.465% traded at 2.427%, down from 2.491% at …

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• 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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