Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 22 March 2022 3:05 pm

  Oil prices drop below $114 as EU split over Russian oil embargo

  

  Oil prices fell below $114 a barrel on Tuesday, giving up part of their 7 percent gains on Monday, as European Union member states split over a possible ban on Russian oil, but persistent supply risks limited prices. The bloc’s foreign ministers were divided over whether to join the United …

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• 22 March 2022 2:01 pm

  Gold stabilizes amid rising US bond yields and developments in the Ukraine crisis

  

  Gold prices stabilized on Tuesday as US bond yields rose to multi-year highs following the Federal Reserve’s decisive stance on inflation while escalating conflict between Russia and Ukraine boosted demand for the safe-haven metal. And the price of gold settled in spot transactions at the level of $ 1936.03 an …

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• 22 March 2022 1:35 pm

  European shares rise with the support of the banking and energy sectors

  

  European shares rose on Tuesday, boosted by the continued recovery of energy stocks on the back of higher oil prices and gains in banking shares after hawkish comments from the US Federal Reserve chairman. The pan-European Stoxx 600 index rose 0.2 percent after a tepid start to the week. The …

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• 22 March 2022 1:05 pm

  The US dollar is rising after Powell’s comments

  

  The US dollar rose against a basket of major currencies on Monday, following comments from Federal Reserve Chairman Jerome Powell that opened the door for the US central bank to pursue a more tightened path of monetary policy. The greenback fluctuated between small gains and losses earlier on Monday and …

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• 22 March 2022 12:35 pm

  Russia’s Gazprom says it continues to export gas to Europe

  

  Russian energy giant Gazprom said on Tuesday it was still supplying gas to Europe via Ukraine in line with the demands of European consumers. The company said orders reached 108 million cubic meters on March 22, up from 104.7 million cubic meters on March 21.

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• 22 March 2022 12:18 pm

  Nikkei continues gains for the sixth session

  

  Japan’s Nikkei rose for a sixth straight session on Tuesday, posting its longest winning streak since September, as rising oil prices boosted energy stocks, while financial services stocks gained on higher global bond yields. The Nikkei closed up 1.48 percent to 27,224.11 points, after touching its highest level since February …

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• 22 March 2022 3:21 am

  Market Drivers – US Session – Monday 21 March

  

  The USD started the American session on the back foot but gradually strengthened following hawkish comments by US Fed Chair Jerome Powell. Speaking about the economic outlook at the National Association for Business Economics Annual Economic Policy Conference, Powell said that if they need to raise fed funds rate by …

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• 22 March 2022 3:06 am

  Biden: Russia Planning Cyberattacks Against US

  

  Late Monday, US President Joe Biden warned CEOs to protect their companies against potential cyberattacks and urged them to invest more in cybersecurity.More CommentsPutin’s back is against the wall and he is talking about new false flags such as biological weapons. That is a clear sign Putin is considering using …

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• 22 March 2022 2:09 am

  Trading In Evergrande’s Shares Suspended

  

  Shares of China’s Evergrande Group and two key subsidiaries were halted from trading Monday pending the release of inside information, pointing to a potential advance in the planned restructuring of the giant developer.Hong Kong-listed Evergrande, China Evergrande New Energy Vehicle Group Ltd. and Evergrande Property Services Group Ltd. were halted …

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• 22 March 2022 1:53 am

  Boeing 737 Crash Real Test For Investor Confidence

  

  The crash of a Boeing jet in China sent the company’s shares down 5.6% at one point Monday, signaling a test of investor confidence just as the plane maker was starting to put a number of crises in its past.A Boeing 737-800 plane carrying 132 people for China Eastern Airlines …

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• 22 March 2022 1:38 am

  GBP/JPY Advances As UK Yields Surge, Eying Annual Highs

  

  The GBP/JPY pair advanced above 157.00 on Monday despite a somewhat risk-off market feel and is eyeing annual highs near 158.00.The pair was lifted by a surge in UK yields in tandem with their global peers. With dovish vibes expected from BoE’s Bailey later this week and fragile risk appetite, …

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• 22 March 2022 1:22 am

  Goldman Sees Egypt Inflows, Smoother IMF Path After EGP Plunges

  

  Egypt’s move to allow a weaker pound is winning praise from money managers including Goldman Sachs Group Inc. who say it will arrest foreign-capital outflows and boost the nation’s chances of winning the next International Monetary Fund loan. The Egyptian pound tumbled as much as 14% to 18.2323 per dollar …

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• 22 March 2022 12:15 am

  Gold Price Higher Despite Powell’s Hawkish Comments

  

  Gold has advanced on Monday despite the US dollar and yields rising in wake of hawkish Powell commentary. The Gold Index is in the $1940 zone; eyeing recent highs around $1950 as inflation and geopolitical concerns linger.Gold has mostly been trading on the front-foot during US trading hours, despite the …

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