Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 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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• 11 March 2022 3:15 am

  USD/CAD Ignoring Softer Oil

  

  The USD/CAD pair fades bounce off 10-DMA as markets brace for monthly jobs report. Hawkish hopes from the BOC, previous rally in oil prices favor bears.Russia-Ukraine tussles, firmer US Treasury yields challenge further downside. Canadian employment data may provide another reason for the BOC to extend its rate-hike trajectory.USD/CAD remains …

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• 11 March 2022 3:00 am

  Yellen Expects US Inflation To Remain High This Year

  

  US Treasury sec Janet Yellen says it is likely to see inflation stay uncomfortably high this year.Key Comments ”Don’t want to make inflation predictions for H2 2022.”“I think that the labour market will remain strong,” Yellen said in a CNBC interview.“I think it’s appropriate for them to take action, but …

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• 11 March 2022 2:18 am

  Russia Could Seize Assets Left Behind By Western Companies

  

  Russia said it could seize the assets of Western companies that have suspended operations in the country. In total, hundreds of American, European and Japanese companies from almost every sector of the economy have abandoned joint ventures, factories, stores and offices in the last two weeks in response to Russia’s …

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• 11 March 2022 1:13 am

  Natural Gas Trade Sideways Ahead Of Weather-Based Demand

  

  Natural gas prices held in a narrow range Wednesday, flipping between modest gains and losses as traders balanced global supply worries amid the war in Ukraine against the prospect of fading domestic demand.The April Nymex gas futures contract ultimately shed a tenth of a cent day/day and closed at $4.526/MMBtu. …

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• 11 March 2022 12:35 am

  Goldman Sachs Becomes First Wall Street Bank to Leave Russia

  

  Goldman Sachs said Thursday (Feb. 10) it has suspended its business in Russia, becoming the first major US banking group to leave that country after its war with Ukraine, and increasing pressure on its rivals to follow suit. Operating in Russia has become increasingly difficult for Western financial institutions with …

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• 11 March 2022 12:32 am

  YouTube and Google Play suspend payment services in Russia

  

  Alphabet-owned Google’s YouTube and Google Play have suspended all payment services in Russia, including subscriptions, after Western sanctions began posing banking challenges in the country. Google will also temporarily stop ads from advertisers in Russia across its worldwide domains and networks. This comes on top of the company’s recent suspension …

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