Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 10 March 2022 1:32 am

  US Energy Secretary: Working With US Oil, Gas Producers To Raise Supply

  

  US Energy Secretary Jennifer Granholm, speaking at the CERAWeek energy conference in Houston on Wednesday, said that the Biden administration wants to work with US oil and gas producers to raise supply.The impacts of higher costs for fuel are real and severe, Granholm added, saying that “we have a responsibility …

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• 10 March 2022 1:19 am

  Amid Speculations On ECB Decision, Euro Surges As Investors Embrace Risk

  

  The euro gained more than 1.5% against the dollar on Wednesday as risk appetite returned to financial markets and energy as well as commodity prices eased from recent peaks that were driven by Russia’s invasion of Ukraine and the Western sanctions imposed in response. Market expectations about the potential for …

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• 10 March 2022 1:00 am

  Pentagon: US Not Supporting Combat Aircraft Transfer To Ukraine

  

  According to a spokesperson of the US Pentagon, the US does not currently support the transfer of additional combat aircraft to Ukraine at this time, reported Reuters. Rather, the US sees the need for other weapons to be sent to help Ukraine, the spokesperson added, noting that Ukraine currently has …

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• 9 March 2022 11:54 pm

  AUD/USD Surges As Traders Speculate How Long War May Last

  

  AUD/USD is correcting a rally that started at the start of the European session as global commodity prices have steadied after their recent surge while investors sought some sense of how long the Russian-Ukraine conflict might last. The AUD/USD pair is trading at 0.7317, up some 0.70% and has traveled …

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• 9 March 2022 10:07 pm

  WTI Drops Over Zelensky’s Compromise Statements

  

  Front-month WTI futures saw a sharp, sudden drop in recent trade, falling from the $116/barrel area to print daily lows in the $104/barrel area in a matter of minutes, before recovering to around $110 once more where it now trades down over $14 on the day. Ukrainian President Volodymyr Zelenskyy …

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• 9 March 2022 9:50 pm

  US Job Openings Flat In January Vs. December’s Record

  

  Data released on Wednesday showed there were 11.263 million job openings in the United States in January, marking a slight decline from the prior month’s upwardly revised, and record high, number, according to the labour Department.Analysts expected the number to hold steady at December’s previously stated 10.925 million.The phrase ‘little …

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• 9 March 2022 9:12 pm

  The UAE To Encourage Fellow OPEC Members To Boost Oil Production

  

  The UAE is set to encourage fellow OPEC nations to increase oil production levels given that the Russian invasion of Ukraine has pushed crude oil prices to their highest level in more than ten years, a senior official said on Wednesday, according to the Financial Times. In a statement to …

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• 9 March 2022 8:47 pm

  Fed Not Expected To Announce Balance Sheet Reductions Next Week

  

  A rate hike by the US Fed next week is broadely expected, even despite the recent turmoil across financial markets. According to analysts at Wells Fargo, the chance of a 50 bps interest rate hike “has fallen tremendously given the souring outlook to growth amid higher commodity prices.”Economists believe it …

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• 9 March 2022 8:17 pm

  US Shares Surge On Risk Appetite Returns

  

  US equities are rebounding this Wednesday, with touted bargain hunting/dip-buying driving the recovery as commodities ease back from Tuesday’s peaks.The S&P 500 rallied 2.4%, the Dow 2.0% and the Nasdaq 100 3.0%, though investors remain cautious amid geopolitical risks. Following four straight sessions of losses, US equities are enjoying a …

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• 9 March 2022 7:25 pm

  Gold Stabilizes Over Positive Geopolitical Developments

  

  Gold Price trades stable just below the $2,000 mark, having found a new temporal balance just ahead of the critical level. Risk appetite returned to trading boards amid hopes the Ukraine-Russia crisis could recede after two weeks. Earlier today, Ukrainian President Zelenskyy’s aide said that the country is ready for …

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• 9 March 2022 6:26 pm

  How Much Oil Does The U.S. Get From Russia

  

  Today, President Biden will sign an Executive Order to ban the import of Russian oil, liquefied natural gas, and coal to the United States – a significant action with widespread bipartisan support that will further deprive President Putin of the economic resources he uses to continue his needless war. The …

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• 9 March 2022 6:10 pm

  Market Drivers – European Session 9-3-2022

  

  The EU announced on Wednesday that it is to restrict the provision of SWIFT services to major Belarussian banks, including Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus, as well as their Belarusian subsidiaries, reported Reuters. The EU will also prohibit transactions with the Central Bank …

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• 9 March 2022 5:09 pm

  Britain to Increase Oil Production After Cutting Russian Imports

  

  Britain will increase its oil and gas production, Transport Secretary Grant Shapps said on Wednesday, after it said it would ban Russian oil supplies at the end of the year. Britain said on Tuesday it would phase out imports of Russian oil and petroleum products by the end of 2022 …

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