Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 21 March 2022 1:50 pm

  EU discusses Russian oil embargo as Biden prepares to join talks

  

  European Union governments are discussing an oil embargo on Russia over its invasion of Ukraine as they gather this week with US President Joe Biden for a series of summits aimed at toughening the West’s response to Moscow. In an attempt to force Russian President Vladimir Putin to withdraw his …

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• 21 March 2022 12:55 pm

  Yen starts another week under pressure with focus on central bank policies

  

  The Japanese yen extended its decline on Monday as traders focused on a series of public statements by central bank policy makers globally this week including Federal Reserve Chairman Jay Powell later on Monday. The dollar rose slightly against the Japanese yen, as high as 119.3 yen, defying a six-year …

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• 21 March 2022 11:59 am

  Oil rises on pressure from the Ukrainian conflict and lack of supply in the market

  

  Oil prices rose $2 on Monday as Ukrainian forces withstood violent Russian attacks while major oil producers said they were struggling to produce their quotas under a supply agreement. Brent crude futures rose $1.96, or 1.8 percent, to $109.89 a barrel by 0039 GMT, adding to its 1.2 percent rise …

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• 21 March 2022 11:30 am

  China keeps key lending rates unchanged

  

  China kept the key interest rate for lending to businesses and individuals unchanged on Monday, according to what traders and analysts expected. China kept the basic interest rate for one-year loans at 3.70 percent, while the basic interest rate for five-year loans remained at 4.60 percent. Just over half of …

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• 21 March 2022 8:28 am

  Weekly Recap 14-18 March 2022

  

  There have been a lot of moving events during the past week, most notably the monetary policy decisions of the Fed and the Bank of England. Those decisions, which reflected a clear shift in the direction of monetary policy, led to a change in the price movement. The US Federal …

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• 19 March 2022 2:38 am

  Market Drivers – US Session – 18 March

  

  The US dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.St. Louis Federal Reserve President James Bullard called for a dramatic …

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• 19 March 2022 2:18 am

  Natural Gas Prices Retreat, Remain Within Range

  

  Natural gas futures reversed lower on Friday as analysts mulled updated inventory data and as overnight weather modeling dialed back the extent of lingering late-winter cold. After brushing up against the $5/MMBtu mark Thursday, the April Nymex contract was down 8.1 cents to $4.909/MMBtu earlier trading, and further retreated at …

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• 19 March 2022 1:30 am

  AUD/JPY Hits Four Year Highs, Now Looking Overbought

  

  AUD/JPY’s soaring showed no sign of easing on Friday, with the pair surging to four-year highs above 88.00. That marks a fourth successive day of gains during which time AUD/JPY has rallied over 4.0%. AUD/JPY’s stratospheric rise showed no sign of easing on the final trading of the week, with …

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• 19 March 2022 12:51 am

  Tesla Shares Jump On Musk’s Tweet

  

  Tesla shares were trading 3.49% higher at $902.05 (Tesla, Inc.’s TSLA +3.88%) late during Friday’s session on the back of a Thursday tweet by CEO Elon Musk seems to be helping the company’s stock. All the tweet said is “working on Master Plan Part 3,” but people who follow the …

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• 19 March 2022 12:24 am

  CAD Clings To Weekly Gain On Robust Data

  

  The Canadian dollar touches its strongest since 3 March at 1.2596. The Canadian dollar was little changed against its US counterpart on Friday, with the currency holding near a two-week high as oil prices rose and domestic retail sales data pointed to consumer spending remaining strong at the start of …

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• 18 March 2022 11:43 pm

  White House: Xi, Biden’s call was direct, substantive and detailed

  

  According to a US administration official, talks between Chinese President Xi Jinping and US President Joe Biden on Friday, which lasted for nearly two hours, were direct, substantive and detailed. Biden stressed to Xi that China providing material support to Russia would have consequences not just from the US but …

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• 18 March 2022 10:39 pm

  Baker Hughes: US oil rigs down despite $100 prices

  

  US energy firms this week reduced the number of oil rigs active in the United States even as crude prices continued to trade over $100 a barrel after Russia’s invasion of Ukraine stoked global energy supply concerns.That was the second decline for the oil rig count in three weeks after …

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• 18 March 2022 10:23 pm

  US Equities Rally For Best One Week Gain Since November

  

  US equities are higher for a fourth session, with the S&P 500 breaking to its highest levels since Russia invaded Ukraine. The index is trading in the 4430s, up 0.6% on the day and over 5.5% on the week. That would mark the best week of gains since November 2020.US …

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