Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 15 March 2022 2:58 pm

  German ZEW Economic Sentiment Index slumps to -39.3 in March

  

  The German ZEW headline numbers for March showed that the Economic Sentiment Index deteriorated sharply amid the Russia-Ukraine war, coming in at -39.3 from 54.3 previous while missing estimates of 10.0 by a wide margin. The Eurozone ZEW Economic Sentiment Index tumbled to -38.7 the current month as compared to …

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• 15 March 2022 2:37 pm

  Oil prices fell to their lowest level in two weeks

  

  Oil prices extended losses on Tuesday to a two-week low after ceasefire talks between Russia and Ukraine eased fears of another oil supply disruption, while coronavirus infections in China raised concerns about slowing demand for crude. Brent crude futures were down $5.95, or 5.6 percent, at $100.95 a barrel by …

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• 15 March 2022 1:53 pm

  Binance gets its first Gulf crypto licence in Bahrain

  

  The world’s largest cryptocurrency exchange Binance has been given a crypto-asset service provider licence by Bahrain’s central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday. “The licence from Bahrain is a milestone in our journey to being fully licensed …

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• 15 March 2022 1:20 pm

  Nikkei rises with strong Chinese economic data

  

  Japan’s Nikkei index closed higher on Tuesday, boosted by strong economic data from neighboring China and its main trading partner, but capped cautious gains ahead of the expected US interest rate hike, the first in three years, due later this month. The market’s performance ranged from small gains to losses …

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• 15 March 2022 12:31 pm

  Gold Drops to The Red Zone

  

  Gold prices fell below $1,980 an ounce on Monday, as traders braced for an upcoming Federal Reserve interest rate hike that pushed 10-year US Treasury yields above 2%. The US central bank is widely expected to raise interest rates by 25 basis points at the end of its two-day meeting …

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• 15 March 2022 12:28 pm

  UK Unemployment Rate Drops to 3.9% in January

  

  The number of people claiming jobless benefits fell by 48.1K in February when compared to -31.9K booked previously. The claimant count rate came in at 4.4% last month vs. 4.6% prior. The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate arrived at 3.9% in January …

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• 15 March 2022 11:39 am

  U.S. Treasury official: Bond default would add to Russia’s economic pain

  

  A US Treasury official said on Monday that Russia’s default on its sovereign debt would put Russia’s economy and financial system in further trouble, making it difficult for Moscow to find new lending sources and raising future borrowing costs. The official told Reuters that the Treasury believes that there is …

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• 15 March 2022 11:00 am

  World Bank agrees to provide $200 million in additional financing to Ukraine

  

  The World Bank on Monday announced it is making about $200 million in additional funding available to strengthen social services for people in need in Ukraine, on top of the $723 million it approved last week. The financing is part of a $3 billion support package that the World Bank …

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• 15 March 2022 10:38 am

  Japan announces sanctions against 17 new Russians

  

  The Japanese Ministry of Finance said Tuesday, March 15 that Japan has decided to freeze the assets of 17 new Russian individuals. The ministry added that the targets of the new sanctions include 11 deputies of the Russian State Duma and five members of the family of banker Yuri Kovalchuk, …

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• 15 March 2022 3:59 am

  Dogecoin jumped 7% On Elon Musk’s Tweets

  

  Once again, Dogecoin spike can be attributed to nobody other than Elon Musk. Just after midnight on Monday morning, in a Twitter thread about inflation, the Tesla CEO tweeted that he “Would Not” be selling his crypto holdings, which includes unknown quantities of Dogecoin, Bitcoin, and Ether. Minutes later, Dogecoin …

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• 15 March 2022 3:44 am

  Market Drivers – US Session – Mon. 14 March 2022

  

  Market players tried to remain optimistic about a potential diplomatic solution to the Russia-Ukraine conflict but peace talks yielded no results.The positive sentiment diluted as the day went by, with Wall Street ending the day in the red territory after a strong opening.Economic DataThe economic calendar on Monday witnessed no …

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• 15 March 2022 3:35 am

  Dollar Index Struggle On Uncertainty Over Fed

  

  The DXY is struggling around 99.30 in the absence of any potential trigger that could bring an impulsive wave. Any Chinese aid to Russia may heighten the risk-aversion across financial market.Fed’s interest rate policy will be the mega event that investors will look upon. The US dollar index is failing …

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• 15 March 2022 2:51 am

  Russia’s Economy In Pain By Western Sanctions

  

  Russia’s economy has been suffering long before the invasion of Ukraine. That suffering is now increasing but a total collapse is unlikely. It looks like Russia has built an economy that is geared for conflict.The Russian government’s involvement in the economy, and the money it continues to make from oil …

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