Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 7 March 2022 9:01 am

  Oil Price Rises Ten Percent in Asia

  

  Oil prices rose more than ten percent in frantic trading on Monday due to fears of a US and European embargo on Russian oil and delays in Iran’s nuclear talks. Brent price rose $12.73 to $130.84, while US crude rose $9.92 to $125.60. And after Brent crude rose 21 percent …

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• 7 March 2022 8:30 am

  Nikkei Falls 2.07% at The Beginning of Trading in Tokyo

  

  The Nikkei average fell in early trading on the Tokyo Stock Exchange on Monday. The Nikkei fell 2.07 percent to 25,446.35 points, while the broader Topix index fell 1.80 percent to 1811.73 points.

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• 7 March 2022 5:46 am

  Weekly Recap 28 Feb – 4 Mar

  

  The forex markets ended the week’s trading negatively, especially after Russia bombed one of the largest nuclear power plants in Ukraine. The US dollar ended the trading on significant gains, taking advantage of the war in Ukraine, in addition to the speech of Jerome Powell, Chairman of the Board of …

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• 5 March 2022 2:28 am

  Market Drivers – US Session – 4 March

  

  The US dollar has benefited from two main things ; firstly, it is looked upon as a safe-haven currency, meaning this week’s choppy equity market conditions weighed on GBP/USD. Secondly, though the BoE does have a head start versus the Fed having kicked off its hiking cycle at the end …

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• 5 March 2022 2:07 am

  US Oil Drilling Rig Count Down For First Time In 6 Weeks

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was down by three to 519 this week. That followed increases in each of the last five weeks, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, …

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• 5 March 2022 1:49 am

  Could Russia Sanctions Impact US Dollar?

  

  Economies of the the United States and other Western nations have deployed a set of potent financial weapons against Russia with remarkable speed aiming at crippling the Russian economy. Cutting off access to global financial markets and to Russia’s war chest of foreign-exchange reserves has dealt Russia’s economy a crippling …

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• 5 March 2022 1:31 am

  USD/JPY Retreats To Weekly Lows

  

  On Friday, the USD/JPY retreats at around 115.80 to weekly lows, negating the chart pattern late in the New York session. At 114.85, the USD/JPY reflects the risk-off market mood due to increasing tensions on the Russia-Ukraine conflict.Global equity indexes recorded losses on a busy day on Friday. The USD …

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• 5 March 2022 1:00 am

  Strong Jobs Data Evidence COVID’s Fading Impact On US Economy

  

  In a buoyant sign for the US economy, businesses stepped up their hiring last month as Omicron faded and more Americans ventured out to spend at restaurants, shops and hotels despite surging inflation.Employers added a robust 678,000 jobs in February, the largest monthly total since July, the Labor Department reported …

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• 4 March 2022 11:36 pm

  White House Pondering Options To Cut Russian Energy Consumption

  

  The White House on Friday confirmed earlier reports that it is looking at options to cut US consumption of Russian energy. The White House labelled Russia’s attack on a nuclear plant in Ukraine as the “height of irresponsibility” and said that targeting civilian infrastructure would constitute a war crime. An …

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• 4 March 2022 11:26 pm

  Bitcoin declines Amid Ukraine’s Nuclear Threats

  

  Bitcoin now trades at a new March low of $40,551 for BTC/USD, taking two-day losses to 10.2%. Fears over the security of Ukraine’s nuclear infrastructure drove not just crypto but traditional markets lower on the day, with the S&P 500 following European indexes to decline by 1.4%.Bitcoin correcting as tensions …

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• 4 March 2022 10:34 pm

  Wall Street Falls As Ukraine Concerns Overshadow US Jobs Data

  

  The S&P 500 fell back to test the 4300 level and was last trading down about 1.0% in the 4320 area having bounced ahead of weekly lows around 4280. The drop reflected a broad downturn in the major US indices, with the Dow last down 0.7% and the Nasdaq 100 …

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• 4 March 2022 9:50 pm

  US: World Narrowly Averted Nuclear Catastrophe In Ukraine

  

  The US Envoy to the United Nations, , Linda Thomas Greenfield, said on Friday that the world narrowly averted a nuclear catastrophe overnight in Ukraine, Greenfield also said she is gravely concerned that Ukrainian nuclear operators are now doing their jobs under extreme duress. The Russian attack on the nuclear …

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• 4 March 2022 9:33 pm

  Iran Nuclear Talks Could Reach Deal Next Week

  

  Russia’s Envoy to nuclear discussion between major world powers and Iran said on Friday that “we will have a deal maybe in the middle of next week”.European negotiators probably returned to capitals because they believe they have done their job, the envoy added.So, Iran’s deal has become a matter of …

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