Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 11 March 2022 8:53 pm

  Gold To Fall Toward $1,950, $1,940 On Hawkish Fed

  

  Gold has reversed its direction after rallying toward new all-time highs. The precious metal is set to extend its downward correction on a hawkish US Federal Reserve.The Fed is widely expected to kick off its tightening cycle with a 25 basis points rate hike when the two-day FOMC policy meeting …

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• 11 March 2022 8:13 pm

  WTI set to end historically volatile week under $110

  

  After a historically volatile week, WTI is more subdued on Friday, remaining capped under $110 but supported above $104. WTI is on course for a weekly drop of over $7.0, which would be its worst one-week performance since November.Global oil markets look set to end a historic week of energy-related …

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• 11 March 2022 7:49 pm

  Biden: US to revoke permanent normal trade relations with Russia

  

  In a public address at the White House, US President Joe Biden confirmed on Friday that US would revoke permanent normal trade relations (PNTR) with Russia.US allies would also announce new actions against Russia on Friday, Biden said. The US is also to ban the imports of Russian luxury goods, …

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• 11 March 2022 6:19 pm

  Canadian Economy Adds 336.6K Jobs in February

  

  The Canadian economy added 336,600 jobs in February, well above the median economist forecast for 160,000 jobs to have been added on the month, a report released by Statistics Canada on Friday showed. That marked a substantial improvement compared to January, when slightly more than 200,000 jobs were lost as …

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• 11 March 2022 5:01 pm

  Russian President Putin Says There Are Positive Shifts in Talks With Ukraine

  

  Commenting on the latest talks with Ukraine, “there are certain positive shifts, negotiators on our side tell me,” Russian President Vladimir Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko on Friday, as reported by Reuters. Putin refrained from sharing any additional details on the matter.

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• 11 March 2022 4:05 pm

  Goldman Sachs Forecast Lower US GDP

  

  Goldman Sachs analysts now clearly see the increased risk that the United States will enter a recession during the next year, due to the war between Russia and Ukraine. Goldman Sachs noted that the lowering of US GDP expectations, which reflects higher oil prices and other growth factors related to …

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• 11 March 2022 3:11 pm

  The British Economy Recorded a Strong Recovery in January

  

  Data showed that the British economy recorded in January a recovery that far exceeded expectations from the decline caused by the Coronavirus in late 2021, which will increase the motivation of policymakers in the Bank of England to raise interest rates next week. The National Bureau of Statistics said gross …

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• 11 March 2022 2:05 pm

  A Sudden Turn From The European Central to Tighten Revives European Shares After a Wave of Selling

  

  European shares rose on Friday, recouping some of Thursday’s losses, which were close to 2%, after a sudden shift by the European Central Bank towards tightening monetary policy, as it said it would stop pumping money into financial markets this summer. The pan-European Stoxx 600 index rose 0.6 percent, after …

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• 11 March 2022 12:43 pm

  Gold is Falling, But is Heading For The Second Weekly Gain in a Row

  

  Gold fell on Friday, as US Treasury yields rose overnight on data pointing to a sharp rise in inflation, but prices are heading for their second consecutive weekly gain after no progress in talks between Russia and Ukraine. Gold fell in spot transactions 0.6 percent to $ 1984.91 an ounce. …

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• 11 March 2022 12:03 pm

  Japan’s Nikkei Records Worst Weekly Performance Since Late November

  

  Japan’s Nikkei average posted its worst weekly performance since late November, as rising inflation in the United States weighed on risk appetite and little progress in talks between the foreign ministers of Ukraine and Russia. The Nikkei closed down 2.05 percent to 25,162.78 points. The benchmark index recorded a weekly …

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• 11 March 2022 11:18 am

  Top energy companies prepare to launch new $1 bln clean tech fund -sources

  

  A group of the world’s largest oil and gas companies is preparing to launch a new fund worth more than $1 billion to invest in new technology-focused on reducing greenhouse gas emissions from energy use, sources said on Thursday. The Oil and Gas Climate Initiative, which brings together 12 of …

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• 11 March 2022 10:38 am

  The Russian Ruble is Rising Slightly, But The Outlook Remains Gloomy

  

  The ruble rebounded in Moscow and foreign exchange markets on Thursday after the first official talks between the foreign ministers of Russia and Ukraine, although the meeting made no progress towards a ceasefire. The currency has lost up to 50 percent of its value against the dollar this year in …

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• 11 March 2022 4:28 am

  Market Drivers – US Session – 10 March

  

  The US dollar index has rebounded sharply from 97.72 on Thursday and is settling above 98.50 as inflation levels in the US hit skyscrapers.The USD managed to post gains vs its European rivals and the JPY but lower against commodity-linked currencies.Economic Data:The US Bureau of Labor Statistics reported the US …

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