Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 9 March 2022 9:50 pm

  US Job Openings Flat In January Vs. December’s Record

  

  Data released on Wednesday showed there were 11.263 million job openings in the United States in January, marking a slight decline from the prior month’s upwardly revised, and record high, number, according to the labour Department.Analysts expected the number to hold steady at December’s previously stated 10.925 million.The phrase ‘little …

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• 9 March 2022 9:12 pm

  The UAE To Encourage Fellow OPEC Members To Boost Oil Production

  

  The UAE is set to encourage fellow OPEC nations to increase oil production levels given that the Russian invasion of Ukraine has pushed crude oil prices to their highest level in more than ten years, a senior official said on Wednesday, according to the Financial Times. In a statement to …

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• 9 March 2022 8:47 pm

  Fed Not Expected To Announce Balance Sheet Reductions Next Week

  

  A rate hike by the US Fed next week is broadely expected, even despite the recent turmoil across financial markets. According to analysts at Wells Fargo, the chance of a 50 bps interest rate hike “has fallen tremendously given the souring outlook to growth amid higher commodity prices.”Economists believe it …

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• 9 March 2022 8:17 pm

  US Shares Surge On Risk Appetite Returns

  

  US equities are rebounding this Wednesday, with touted bargain hunting/dip-buying driving the recovery as commodities ease back from Tuesday’s peaks.The S&P 500 rallied 2.4%, the Dow 2.0% and the Nasdaq 100 3.0%, though investors remain cautious amid geopolitical risks. Following four straight sessions of losses, US equities are enjoying a …

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• 9 March 2022 7:25 pm

  Gold Stabilizes Over Positive Geopolitical Developments

  

  Gold Price trades stable just below the $2,000 mark, having found a new temporal balance just ahead of the critical level. Risk appetite returned to trading boards amid hopes the Ukraine-Russia crisis could recede after two weeks. Earlier today, Ukrainian President Zelenskyy’s aide said that the country is ready for …

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• 9 March 2022 6:26 pm

  How Much Oil Does The U.S. Get From Russia

  

  Today, President Biden will sign an Executive Order to ban the import of Russian oil, liquefied natural gas, and coal to the United States – a significant action with widespread bipartisan support that will further deprive President Putin of the economic resources he uses to continue his needless war. The …

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• 9 March 2022 6:10 pm

  Market Drivers – European Session 9-3-2022

  

  The EU announced on Wednesday that it is to restrict the provision of SWIFT services to major Belarussian banks, including Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus, as well as their Belarusian subsidiaries, reported Reuters. The EU will also prohibit transactions with the Central Bank …

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• 9 March 2022 5:09 pm

  Britain to Increase Oil Production After Cutting Russian Imports

  

  Britain will increase its oil and gas production, Transport Secretary Grant Shapps said on Wednesday, after it said it would ban Russian oil supplies at the end of the year. Britain said on Tuesday it would phase out imports of Russian oil and petroleum products by the end of 2022 …

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• 9 March 2022 4:47 pm

  EU announces new sanctions on Belarussian banks

  

  The EU announced on Wednesday that it is to restrict the provision of SWIFT services to major Belarussian banks, including Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus, as well as their Belarusian subsidiaries, reported Reuters. The EU will also prohibit transactions with the Central Bank …

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• 9 March 2022 3:05 pm

  European Shares Rebound After 4 Days of Selling

  

  European shares rebounded on Wednesday as investors picked stocks that were battered in a recent market sell-off on concerns about mounting Western sanctions against Russia after its invasion of Ukraine. The pan-European Stoxx 600 index rose 2.6 percent after a series of four-day losses. The hard-hit banking, travel, and leisure …

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• 9 March 2022 2:05 pm

  Oil Continues to Rise After The US Ban on Russian Imports

  

  Oil prices rose on Wednesday amid fears of a potential supply shock after the United States banned Russian oil imports and amid signs that some buyers are already avoiding them. Brent crude futures rose $2.91, or 2.27 percent, to $130.89 a barrel, after jumping 3.9 percent the previous day. US …

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• 9 March 2022 1:38 pm

  Gold is Moving Away From Its Highs as The Dollar Consolidates

  

  Gold prices fell on Wednesday after approaching a record level, with the dollar holding near its highest level in 21 months and investors taking some profits, while the price of palladium rose after the Ukrainian crisis raised fears of a lack of supplies from Russia, its largest producer. And the …

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• 9 March 2022 12:39 pm

  Russia Makes a Decision on The US Dollar

  

  Director of the Department of Economic Cooperation of the Russian Foreign Ministry Dmitry Berishevsky said that in light of the tightening of sanctions, Russia is working to limit the use of the dollar in foreign exchange reserves and external settlements. The country will seek to switch to non-Western capital markets, …

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