Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 7 March 2022 10:12 pm

  Britain Risks Recession After Soaring Energy Cost

  

  Forecaster says $120 oil triggers its pessimistic scenario. Weaker growth would blow Treasury’s budget off track. Great Britain is heading for a recession in the second half of 2022 if energy prices remain at current levels, according to the National Institute of Economic and Social Research.The research group said UK …

  Read More »
• 7 March 2022 9:30 pm

  Russian Banks Flock For Refuge In Chinese Payment Systems

  

  As western companies continue to make decisions whether to suspend operations or withdraw from Russia due to its invasion of Ukraine, China has become a possible Plan B.Russian banks that include Sberbank, the country’s largest bank by assets, and Alfa Bank said that they are exploring the possibility of issuing …

  Read More »
• 7 March 2022 9:13 pm

  USD/CAD Climbs To Fresh Highs

  

  The USD/CAD turned to the upside during the American session and printed a fresh daily high at 1.2772. Earlier it bottomed at 1.2683. The pair rose almost a hundred pips as the US dollar gained momentum amid a reversal in commodity prices.Risk aversion continues to dominate the mood across financial …

  Read More »
• 7 March 2022 8:55 pm

  US To Start Russian Oil Ban Without Allies

  

  The Biden administration is willing to move ahead to execute a ban on Russian oil imports to the US without the participation of European allies.Since Russia’s invasion of Ukraine, the UK and Japan’s potential participation with the US in a Russian oil import ban is still a “live discussion”. Earlier …

  Read More »
• 7 March 2022 8:28 pm

  Oil Surges As EU Divided Over Russian Oil Ban

  

  EU member states are divided over whether or not to implement a ban on Russia oil imports. Officials have added that Poland and other EU states are pushing for the ban and Germany is facing growing pressure. Oil had its biggest daily swing ever with Brent surging to near USD …

  Read More »
• 7 March 2022 7:25 pm

  Gold Price Stabilizes Around $1,980, As Mood Improves

  

  Gold Price retreats from a fresh multi-month high and filled the weekly opening gap. As the US braces for Russian oil import ban even without allies, UK Defense Chief hints at further violence in Kyiv. Gold price bounced from an intraday low of $1,960.95, quickly recovering roughly $15 per troy …

  Read More »
• 7 March 2022 5:33 pm

  Brent Touches $139

  

  Oil prices jumped on Monday to their highest levels since 2008 due to supply concerns due to the announcement by the United States that it is studying with its European allies a ban on the import of Russian oil and the possible delay in the return of Iranian crude to …

  Read More »
• 7 March 2022 4:04 pm

  European Shares Fall to Lowest Level in a Year Due to Possible Russian Oil Embargo

  

  European shares hit a one-year low on Monday as Western nations weighed the possibility of a Russian oil embargo, raising the prospect of broader inflationary risks and slowing economic growth, as Germany’s leading index looked likely to confirm a downward trend. The pan-European Stoxx 600 index was down 2.4 percent. …

  Read More »
• 7 March 2022 3:10 pm

  What Do You Know About Sberbank?

  

  Russia’s largest lender Sberbank is quitting almost all European markets, blaming significant cash outflows and threats to its staff and property following Russia’s invasion of Ukraine and Western sanctions. The bank said it could no longer supply liquidity to European subsidiaries following an order from Russia’s central bank, which is …

  Read More »
• 7 March 2022 2:22 pm

  The Parity of The Euro And The Swiss Franc Amid Fears of Stagflation

  

  The European single currency briefly fell below par with the Swiss franc for the first time in seven years on Monday and settled at a 22-month low against the US dollar as rising crude oil prices fueled fears that stagflation could sweep across Europe. The war in Ukraine and harsh …

  Read More »
• 7 March 2022 1:46 pm

  Eurozone Sentix Investor Confidence Crumbles to -7 in March

  

  Eurozone’s investor sentiment got crushed in the third month of 2022; the latest data published by the Sentix research group showed on Monday. The gauge tumbled sharply to -7 in March from 16.6 in February vs. a drop to 5.3 expected. The index hit its lowest level since November 2020. …

  Read More »
• 7 March 2022 12:47 pm

  Japan’s Nikkei Index Records Biggest Drop in 5 Weeks

  

  Japan’s Nikkei index posted its biggest drop in more than five weeks on Monday as the Russia-Ukraine war showed no signs of ending, driving up oil and other commodity prices and raising fears of an inflationary shock accompanied by a global economic recession. The Nikkei index lost 2.94 percent to …

  Read More »
• 7 March 2022 11:25 am

  Gold Exceeds the 2,000 And Palladium Rises to Record Levels

  

  On Monday, gold prices crossed the $2,000 mark for the first time in a year and a half as investors sought that safe haven in the wake of the escalating Russia-Ukraine crisis while fears of a halt in palladium supplies pushed to an all-time high. And gold rose in spot …

  Read More »