Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 29 March 2022 7:40 pm

  US Consumer Confidence Surges In March

  

  US consumer confidence bounced back in March and remains high, though consumers’ short-term outlook is not promising.The Conference Board, a business research group, said Tuesday that its consumer confidence index, which takes into account consumers’ assessment of current conditions and their outlook for the future, rose to 107.2 in March …

  Read More »
• 29 March 2022 7:23 pm

  Fed’s Harker: Interest rate hikes deliberate, methodical

  

  Philadelphia Fed President and FOMC member Patrick Harker said on Tuesday that interest rate hikes are to be “deliberate” and “methodical”. Inflation is “far higher than … we are comfortable with” Harker said, caveating that “there are some signs in the data, and in what we hear from our contacts, …

  Read More »
• 29 March 2022 6:15 pm

  Market Drivers – European Session 29-3-2022

  

  As pointed out by Mohamed Hashad, Director of Research and Development Department at Noor Capital, in this morning’s report, The safe-haven yellow metal fell strongly after positive news regarding the progress of negotiations between Russia and Ukraine. As a result, the yellow metal gave up the levels of 1900 dollars …

  Read More »
• 29 March 2022 5:28 pm

  Breaking: XAU/USD Tumbles Below $1900

  

  As pointed out by Mohamed Hashad, Director of Research and Development Department at Noor Capital, in this morning’s report, The safe-haven yellow metal fell strongly after positive news regarding the progress of negotiations between Russia and Ukraine. As a result, the yellow metal gave up the levels of 1900 dollars …

  Read More »
• 29 March 2022 5:18 pm

  Oil drops $7 a barrel on positive signals about Russia-Ukraine peace talks

  

  Oil prices fell as much as $7 a barrel during trading on Tuesday, extending losses from the previous session, after Russia described peace talks with Ukraine as constructive, while fresh shutdowns in China to curb the spread of the coronavirus hit fuel demand. Brent crude futures fell to $105.46 a …

  Read More »
• 29 March 2022 4:22 pm

  Russian Defense Ministry says will scale down military activity around Kyiv and Chernihiv

  

  The Russian Defense Ministry said on Tuesday that it would scale down military activity in Kyiv and Chernihiv in order to create conditions for dialogue, reported Reuters, correcting an earlier headline where they had claimed that Russia said it would “stop” military activity in the area. The Russian Defense Ministry …

  Read More »
• 29 March 2022 3:12 pm

  European stocks open higher, similar to global markets

  

  European stocks opened with strong gains on Tuesday, as did markets in Asia and Wall Street as investors looked ahead to the outcome of peace talks between Moscow and Kiev in Turkey. The pan-European Stoxx 600 index jumped eight percent, extending its gains for the third consecutive session, with the …

  Read More »
• 29 March 2022 2:38 pm

  Energy Ministers: The UAE and Saudi Arabia are doing their part to stabilize the oil markets

  

  On Tuesday, the energy ministers of Saudi Arabia and the United Arab Emirates, two of the world’s largest energy producers, said that the two countries had done their part in balancing the oil market. “We have only one task: to stabilize the market. Therefore, we cannot politicize the organization or …

  Read More »
• 29 March 2022 1:46 pm

  S&P Global forecasts 8.5% contraction in Russia’s economy in 2022

  

  Credit rating agency S&P Global cut its forecast for Russia’s 2022 GDP growth by more than 11 percentage points to a contraction of 8.5%, while slashing its forecasts for Poland and Turkey by more than a percentage point due to the fallout from the war in Ukraine. On its economic …

  Read More »
• 29 March 2022 1:02 pm

  Japan to ban luxury goods exports to Russia from April 5

  

  Japan will ban the export of luxury goods to Russia from April 5, the Japanese Ministry of Economy, Trade and Industry said in a statement on Tuesday, March 29, in its latest move in response to Russia’s invasion of Ukraine. The banned items include luxury items such as cars, motorcycles, …

  Read More »
• 29 March 2022 12:46 pm

  Nikkei rises in the footsteps of US stocks and the rise of auto companies

  

  Japanese stocks closed higher on Tuesday, following in the footsteps of US stocks that rose on Monday night, with auto and shipping stocks leading the gains and the market-leading with dividend claims. The Nikkei index rose 1.1 percent to 28,252.42 points. The broader Topix index rose 0.93 percent to 191.66 …

  Read More »
• 29 March 2022 12:19 pm

  Japan intends to require companies to refrain from paying in rubles in transactions

  

  Japan’s Chief Cabinet Secretary Hirokazu Matsuno said Tuesday that Japanese companies will be asked to respond “no” if Russia requests payment in rubles in economic transactions, especially in the energy sector. Russia last week demanded that “unfriendly” countries pay in rubles, not euros, for its gas, following the union of …

  Read More »
• 29 March 2022 11:38 am

  Oil drops about 7% on fears of weak Chinese demand

  

  Oil prices fell more than 7 percent on Monday, as concerns grew about slowing fuel demand in China after authorities in the country’s financial hub, Shanghai, said they would implement a two-stage shutdown to contain an increase in coronavirus cases. Brent crude futures fell $8.17, or 6.8 percent, to $112.48 …

  Read More »