Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 4 March 2022 9:20 pm

  USD/CAD Jumps After Strong US Jobs Data

  

  USD/CAD sharply reversed direction higher on Friday after the release of what traders described as a bumper US labour market report boosted the US dollar and amid a distinctly risk-off market tone weighed on the more risk-sensitive Canadian dollar.The pair started the session below 1.2700, but at one point had …

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• 4 March 2022 8:50 pm

  Putin To Scholz: Ukraine Should Fulfill Russian Demands

  

  Russian President Vladimir Putin told German Chancellor Olaf Scholz in a call on Friday that while Russia is open for dialogue with Ukraine, the country should fulfill all Russian demands.Putin also reportedly told Scholz that he hopes Kyiv will adopt a more constructive position in the next rounds of talks. …

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• 4 March 2022 8:38 pm

  Wells Fargo: NFP, Employment Gains Robust

  

  Employment data released on Friday came in above expectations, but it was mostly ignored by most investors, traders and market participants amid the ongoing Ukraine’s war. War fogs continue as the key market driver.Analysts at Wells Fargo believe that so long as the Russia-Ukraine conflict does not significantly escalate, the …

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• 4 March 2022 8:07 pm

  Gold Sets USD 1,975 as Next Bullish Target

  

  Gold continues to find demand amid the ongoing Russia-Ukraine crisis. The technical picture suggests that XAU/USD remains bullish in the near-term, pointing to additional gains towards USD 1,975.US inflation data and geopolitical headlines to drive next week’s action. On Wednesday, the US Bureau of Labor Statistics will release the February …

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• 4 March 2022 5:42 pm

  US Non-farm Payrolls Rises by 678K in February

  

  Nonfarm Payrolls (NFP) rose by 678K in February, well above the median economist forecast for a 400K rise, data published by the US Bureau of Labor Statistics showed on Friday. January’s NFP number also saw a small upwards revision to 481K from 467K. The much larger than expected headline beat …

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• 4 March 2022 4:28 pm

  European Shares Headed For a Third Weekly Decline

  

  European shares fell on Friday, heading for a third consecutive week of losses, following reports that a nuclear plant caught fire amid heavy fighting between Russian and Ukrainian forces. The pan-European STOXX 600 index was down 1.4 percent by 0837 GMT after Asian shares fell to a 16-month low. The …

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• 4 March 2022 3:21 pm

  What do you know about Ukraine?

  

  Ukraine is a relatively small country wedged between Russia and Europe. It was part of the Soviet Union until 1991; it has been a less-than-perfect democracy with a fragile economy and foreign policy that wavers between pro-Russian and pro-European. In November 2013, President Viktor Yanukovych refused a deal for integration …

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• 4 March 2022 2:40 pm

  Oil Exceeds $ 111 a Barrel as The Ukrainian Crisis Continues

  

  Oil topped $111 a barrel on Friday in a volatile session as fears of disruption to Russian oil exports due to Western sanctions outweighed expectations of an increase in Iranian oil supplies in the event of a nuclear deal with Tehran. Markets were turbulent due to signs of an escalation …

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• 4 March 2022 1:39 pm

  NFP Preview: Forecasts From 3 Major Banks

  

  The US Bureau of Labor Statistics (BLS) will release the February jobs report on Friday, March 4 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 3 major banks regarding the upcoming employment data. Citibank “Following a …

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• 4 March 2022 1:37 pm

  Ukraine: Russian Forces Took Control of The Zaporizhia Nuclear Power Plant

  

  Russian forces have taken control of the Zaporizhia nuclear power plant in southeastern Ukraine, local authorities said. And the authorities stated on social media that “the operational crews are monitoring the condition of the power units.” Ukraine said Russian forces attacked the station in the early hours of Friday morning, …

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• 4 March 2022 12:58 pm

  The Russian Ruble Falls to New Records in Volatile Trading

  

  The Russian ruble fell to new record lows against the dollar on Thursday, after Fitch and Moody’s downgraded Russia’s sovereign debt rating to “junk”. Russia’s financial markets have been turbulent due to sanctions imposed for its invasion of Ukraine, the biggest attack on a European country since World War II. …

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• 4 March 2022 11:53 am

  Japan Shares Fall to The Lowest Level in Two Weeks

  

  Japanese shares fell to their lowest level in nearly two weeks on Friday as the fighting in Ukraine escalated, but the Nikkei index avoided its lowest close in 15 months as the market settled in the midday session. The Nikkei ended the session down 2.23 percent to close at 25,985.47 …

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• 4 March 2022 11:50 am

  Oil Retreats From Decade High as Iran Talks Revive Hopes of Oversupply

  

  Oil fell 2 percent on Thursday, after hitting prices not seen in nearly a decade, amid selling on hopes that the United States and Iran will soon reach a nuclear deal that could contribute to increasing supply, which is currently suffering from tightness. Trading was volatile, with crude oil prices …

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