Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 24 March 2022 7:49 pm

  Fed’s Evans: Can start balance sheet reduction and raise rates at the same meeting

  

  Chicago Fed President Charles Evans said on Thursday that the Fed can begin its balance sheet reduction and raise interest rates in the same meeting, reported Reuters.The risk of slowing the economy into recession isn’t high, Evans said. The Fed won’t need asset sales until it is well into its …

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• 24 March 2022 7:39 pm

  Discussions On Interest Rate Hikes Continue In Washington

  

  Is US Economy Entering A New Normal? Policymakers are wrestling with the reality that the pandemic may mark a turning point in the nation’s economic plot. The pandemic, and now the war in Ukraine, have altered how America’s economy functions. While economists have spent months waiting for conditions to return …

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• 24 March 2022 5:46 pm

  US announces new sanctions on Russia’s Duma, oligarchs and defense sector

  

  According to a US official on Thursday, the US announced new sanctions on Russia’s state Duma as an entity and its 328 members, reported Reuters. The US also announced new sanctions on Russian oligarchs Herman Gref, the head of Sberbank and Gennady Timchenko, as well as the 17 board members …

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• 24 March 2022 4:43 pm

  US: Weekly Initial Jobless Claims Fall to 187K

  

  There were 187,000 initial jobless claims in the US in the week ending on 19 March, less than the 212,000 expected and below the week prior, when there were 215,000 claims (revised up from 214,000), data published by the US Department of Labor (DOL) revealed on Thursday. The four-week moving …

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• 24 March 2022 3:58 pm

  European shares rise as concerns grow over Ukraine

  

  European shares opened higher on Thursday, supported by gains in low-risk sectors, on fears of a worsening crisis in Ukraine as Western countries plan more sanctions on Russia. The pan-European Stoxx 600 index rose 0.2 percent, with utilities and consumer goods companies leading the way. Raw materials stocks fell 0.3 …

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• 24 March 2022 2:46 pm

  The dollar rises and the yen falls to its lowest level since 2015

  

  The dollar rose on Thursday as oil prices stabilized and commodity-linked currencies gave up some of their gains, while the yen plunged to its lowest level since 2015. The turmoil prevailed in stock markets and struggled to achieve gains in Asian trading, as investors exercised more caution after hawkish comments …

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• 24 March 2022 1:53 pm

  Nikkei closes at 9-week high as oil tumbles

  

  Japan’s Nikkei index changed direction to rise in the last hour of Thursday’s trading session after falling oil prices allayed inflation fears in a country that relies on imports for its energy needs. US crude gave up its previous gains, falling more than one percent, while investors assessed the chances …

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• 24 March 2022 1:19 pm

  Eurozone Manufacturing PMI declines to 57 in March

  

  Manufacturing PMI in the eurozone edged lower to 57 in early March from 58.2 in February, the data published jointly by IHS Markit and S&P Global showed on Thursday. This print came in better than the market forecast of 56. The Services PMI declined to 54.8 from 55.5 and the …

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• 24 March 2022 12:39 pm

  Oil prices fall on hopes for Iran nuclear deal, supply concerns persist

  

  On Thursday, oil prices fell in volatile trade as investors assessed the possibility of fresh supplies in markets with tight oil supplies amid hopes of a new nuclear deal with Iran. Brent crude futures fell 58 cents, or 0.48 percent, to $ 121.02 a barrel, and West Texas Intermediate crude …

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• 24 March 2022 12:03 pm

  Gold moves in a narrow range as markets await developments in the Ukrainian crisis

  

  Gold prices moved in a narrow trading range on Thursday, as caution dominated the markets due to the Russian-Ukrainian conflict and ahead of the release of US inflation data that may provide new indications on the monetary policy situation at the Federal Reserve (the US central bank). Spot gold fell …

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• 24 March 2022 4:12 am

  Market Drivers – US Session – 23 March

  

  The dollar featured mixed performance on Wednesday, as investors struggled to make something out of mostly worrisome headlines. Higher crude oil prices amid escalating tensions between Russia and western nations dented the market’s mood.Economic DataThe flash estimate of March Eurozone Consumer Confidence dropped to two year low at -18.7 in …

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• 24 March 2022 12:11 am

  US Treasury Yields Ease As Market Ponders Recession Signals

  

  A sharp selloff in US Treasuries eased on Wednesday as the market tries to come to grips with how the Federal Reserve might address rising inflation without hiking interest rates at such a clip it spins the economy into recession.Yields were lower across the curve, from two-year notes out to …

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• 23 March 2022 11:30 pm

  Fred’s Bullard: US economy will continue to grow above trend 2022-2023

  

  St. Louis Federal Reserve President James Bullard, who on Friday called for a dramatic increase in the Fed’s overnight lending rate to more than 3% this year, is crossing the wires with the following comments dripping through:Key Qoutes: Russia’s war will mean less globalization, more fragmentation around the worldDirect macroeconomic …

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