Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 31 March 2022 2:23 pm

  European shares recorded a slight increase and the oil sector fell

  

  European shares rose on Thursday, led by gains in automakers and defense sectors, while oil stocks tumbled, as a US plan to withdraw from strategic petroleum reserves sent crude prices down. The European index rose 0.2 percent, although oil stocks fell 1.5 percent. The FTSE 100 index in London rose …

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• 31 March 2022 1:22 pm

  Britain’s economy records faster-than-expected growth in the fourth quarter of 2021

  

  Britain’s economy grew more than expected in the last three months of 2021, when a wave of Omicron infections hit the country. The Office for National Statistics said gross domestic product in the world’s fifth-largest economy rose 1.3 percent in the fourth quarter of last year compared to the previous …

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• 31 March 2022 12:30 pm

  Nikki relegates and records the biggest quarterly loss in two years

  

  Japan’s Nikkei closed lower on Thursday, posting its worst quarterly performance in two years. The Nikkei closed down 0.73 percent to 27,821.43 points. The broader Topix index fell 1.08 percent to 1,946.40 points. On a quarterly basis, the Nikkei lost 3.37 percent, its biggest decline since the quarter ending in …

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• 31 March 2022 11:51 am

  Canada’s crude oil imports fall to their lowest level since 1988

  

  Data from Canada’s energy regulator showed on Wednesday that the country’s imports of crude oil in 2021 fell to their lowest level in more than three decades as domestic supplies increased. The data indicated that imports fell about 20 percent in 2021 to 473,000 barrels per day, from 579,000 barrels …

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• 31 March 2022 11:04 am

  Gold is on track to post its biggest quarterly gain since September 2020

  

  Gold fell in limited trading on Thursday, but the safe-haven metal is set for its biggest quarterly gain since September 2020, as the Russian-Ukrainian conflict made it more attractive. And gold fell in spot transactions 0.6 percent to $ 1921.55 an ounce by 0507 GMT. US gold futures fell 0.7 …

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• 31 March 2022 10:30 am

  Biden administration mulls largest-ever withdrawal from an oil reserve

  

  The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four US sources said on Wednesday, as the White House tries to lower fuel prices. The announcement may come on Thursday, as the White House says Biden plans to …

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• 31 March 2022 3:53 am

  Market Drivers – US Session – 30 March

  

  Financial markets on Wednesday remained focused on the the continued weakening of the US dollar, where the DXY dropped a further 0.6% to the 97.80s, where it now probes mid-March lows more than 1.5% below earlier weekly highs. Economic DataPrivate sector employment in the US rose by 455,000 in March, …

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• 31 March 2022 3:34 am

  USD/JPY Steadies Ahead of the BOJ’s Bond-Buying Wrap-Up, Subdued US GDP

  

  The USD/JPY pair is hesitating in a narrow range of 121.32-122.24 as a broad-based buying in the Japanese yen is likely to over after the conclusion of the unlimited bond-buying program by the Bank of Japan. The four-day bond-buying program of the BOJ will conclude on Thursday. To curtail the …

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• 31 March 2022 3:02 am

  WTI gradually advances around $106.00 ahead of OPEC meeting

  

  WTI crude has advanced towards $106.40 but is likely to remain lackluster as investors are keeping eye on the outcome of the OPEC meeting, which is due on Thursday. The agenda of the OPEC meeting is likely to revolve around the elevation of the oil supply to contain the prohibited …

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• 31 March 2022 2:52 am

  GBP/USD Under Selling Pressure

  

  The British pound recovered some ground vs. the greenback as the market mood turned sour, courtesy of reports of the Kremlin saying that although Ukraine’s effort to fulfill some of Russia’s demands, peace talks have not reached a breakthrough. At the time of writing, the GBP/USD is trading at 1.3137.US …

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• 31 March 2022 2:45 am

  Ukrainian Negotiator: Russia, Ukraine To Resume Peace Talks Online On 1 April

  

  Ukrainian Negotiator: Russia and Ukraine will resume peace talks online on 1 April. During the latest talks, Ukraine said the countries’ two leaders should meet, but Russia said more work needed to be done on a draft treaty. This follows a series of disappointing headlines around the peace talks with …

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• 31 March 2022 2:32 am

  Ahead of NFP Data, Bond Market Signaling Recession Warning

  

  Everybody in the US and beyond is talking about the yield curve inversion. At one point yesterday the yield on the 2-year Treasury briefly traded above that of the 10-year. Historically, such an inversion has been an accurate predictor of a recession, typically within two years.Though these inversions in the …

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• 31 March 2022 12:59 am

  USD/CAD slumps On Ukraine’s conflict, Higher Oil Prices

  

  The USD/CAD pair extends its fall for the second straight day; after Monday’s price action printed a weekly high near the 1.2600 mark, the Canadian dollar strengthened on the back of high oil prices, amid a downbeat market mood, courtesy of recent developments in the Eastern Europe front. the USD/CAD …

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