Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 8 March 2022 9:09 pm

  Biden Announces US Ban On Russian Energy Imports

  

  As market participants expected, in a public address from the White House, US President Joe Biden announced US ban on all Russian imports including oil and gas.Biden’s decision was made in consultation with the US’s Western allies, Biden added, noting that he understood that many European allies that don’t produce …

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• 8 March 2022 8:33 pm

  US Widening Trade Deficit Driven By Weak Export Growth

  

  Data released on Tuesday, showed the US trade deficit widened in January to a new record high. Analysts at Wells Fargo point out it reflects the relative out-performance of the US economy during a pandemic era characterized by volatile swings but generally an environment of faster growing imports and slower …

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• 8 March 2022 7:51 pm

  Ready To Challenge Further Highs, Gold Hits $2060

  

  The precious metal continues to capitalize on safe-haven flows. Gold Price is currently trading at around $2,060 per ounce, overbought but without signs of technical exhaustion. The next relevant level to watch is $2,075.64, where it set a record high in August 2020, while beyond the level, market players will …

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• 8 March 2022 7:41 pm

  US Intelligence: Putin likely to escalate assault in Ukraine

  

  US Director of National Intelligence Avril Haines said on Tuesday that Russian President Vladimir Putin is likely to remain undeterred and may further escalate the assault in Ukraine. Russia’s invasion of Ukraine has “produced a shock to the geopolitical order”, he continued, stating that Moscow underestimated the strength of Ukrainian …

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• 8 March 2022 7:31 pm

  Aeroflot 401 Reveals Western Efforts To Paralyze Russian Commercial Aviation

  

  Civil aviation experts of Aerodynamic highlighted the intriguing story of Aeroflot 401 as an important example of an in-depth discussion on Russia, Ukraine and the impact of the ongoing war on global air transport.Aeroflot Flight 401 had taken off at night, in the pre-dawn hours of March 3, and quickly …

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• 8 March 2022 6:11 pm

  Market Drivers – European Session 8-3-2022

  

  The euro traded near 22-month lows on Tuesday as the war in Ukraine led to a pessimistic economic outlook for Europe, while currencies that had surged on a sharp increase in energy prices stalled after a weeks-long rally. Russia’s invasion of Ukraine has boosted demand for assets seen as safer, …

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• 8 March 2022 5:33 pm

  Euro Nears 22-Month Low as Ukraine Crisis Deepens

  

  The euro traded near 22-month lows on Tuesday as the war in Ukraine led to a pessimistic economic outlook for Europe, while currencies that had surged on a sharp increase in energy prices stalled after a weeks-long rally. Russia’s invasion of Ukraine has boosted demand for assets seen as safer, …

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• 8 March 2022 4:15 pm

  European Shares Witness a Temporary Recovery

  

  European shares rose on Tuesday as the banking sector recovered from a weeks-long crisis, but market sentiment was low after Moscow warned against cutting gas supplies to the continent. The pan-European Stoxx 600 index rose 0.8 percent, with banking shares gaining 3.6 percent, after hitting a one-year low in the …

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• 8 March 2022 3:18 pm

  Euro Area Economy Grows by 0.3% in Q4

  

  The data published by Eurostat showed on Tuesday that seasonally adjusted Gross Domestic Product (GDP) in the euro area expanded by 0.3% on a quarterly basis in the fourth quarter. This print came in line with the initial estimate and the market expectation. Compared with the same quarter of the …

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• 8 March 2022 2:02 pm

  Japan Supports G7 Sanctions Against Russia

  

  In his appearance Tuesday, Bank of Japan Governor Haruhiko Kuroda said that potential sanctions from the G7 countries will have a significant impact on Russia’s finances, adding that “the amount of foreign reserves that Russia can tap has already significantly decreased due to the sanctions.” Where Japan expressed its readiness …

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• 8 March 2022 1:16 pm

  Nikkei Closes at 16-Month Low

  

  Japan’s Nikkei index closed at a 16-month low on Tuesday as investors worried that higher oil and other commodity prices would hurt corporate earnings and slow economic growth. The Nikkei index fell 1.71 percent to 24790.95, its lowest closing level since November 6, 2020, while the broader Topix index fell …

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• 8 March 2022 12:01 pm

  The World Bank Approves $723 Million in Loans And Grants to Ukraine

  

  The World Bank said its executive board on Monday approved a package of $723 million in loans and grants to Ukraine to support the government’s budget as the country grapples with war from Russia. The bank added in a statement that the package includes $350 million to complement a previous …

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• 8 March 2022 11:46 am

  Australian Refining Companies Announce They Will Stop Buying Oil From Russia

  

  Australian refiner Viva Energy said Tuesday (March 8) it will stop buying Russian crude, joining a growing number of companies in cutting trade ties with Russia over its invasion of Ukraine. Viva Energy joins a handful of companies that are restricting, deferring or withdrawing from business activities in Russia following …

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