Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 30 March 2022 1:01 am

  Oil Recovers Losses As API Reports Large Crude Inventory Draw

  

  The American Petroleum Institute (API) estimated that there was a draw this week for crude oil of 3.0 million barrels, compared to analyst predictions of a 1.558 million barrel draw. US crude inventories have shed 80 million barrels since the start of 2021 and about 23 million barrels since the …

  Read More »
• 30 March 2022 12:11 am

  Microstrategy Subsidiary To Purchase Bitcoin After Closing $205m Crypto Loan

  

  The price of Bitcoin surged to $47,806 on Tuesday, making MicroStrategy’s current 125,051 BTC holdings worth roughly $6 billion. MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan. MacroStrategy, a subsidiary of business intelligence firm MicroStrategy, said it will purchase Bitcoin after obtaining a multimillion dollar loan from Silvergate …

  Read More »
• 29 March 2022 9:57 pm

  USD/CAD Unchanged Amid Improved Market Sentiment

  

  The USD/CAD pair is flat during the North American session after a volatile Monday’s session, which pushed the pair towards a weekly high at 1.2592, retreating afterward towards the 1.2510 area. At the time of writing, the USD/CAD is trading at 1.2514.The geopolitical situation in Ukraine progressed, lifting the market …

  Read More »
• 29 March 2022 9:41 pm

  US Official: Firms must choose between Russia and West

  

  Wally Adeyemo, the US Deputy Treasury Secretary, said firms could “choose to help Russia” in its invasion of Ukraine or “continue to do business with the 30 countries” that have imposed sanctions.He said Ukraine’s allies were committed to issuing more sanctions. He also warned Russian oligarchs “we’re going to come …

  Read More »
• 29 March 2022 8:35 pm

  Gold Rebound From Monthly Lows At $1890, Back Above $1910

  

  Gold tumbles to $1890 and then rebounds more than $20. Volatility is set to remain high amid news from Ukraine and sharp moves in the Treasury market. Bearish bias prevails in XUA/USD, more losses seen on a consolidation under $1900.Gold is having another volatile session on Tuesday. Price dropped sharply …

  Read More »
• 29 March 2022 8:02 pm

  ECB’s Vasle: Interest rate hike this year feasible

  

  European Central Bank Governing Council member Bostjan Vasle on Tuesday said that an interest rate hike this year is feasible, reported newswires. It would be prudent for the ECB not to increase current uncertainties, he added, noting the important of monetary policy predictability. Markets did not immediately react to Vasle’s …

  Read More »
• 29 March 2022 7:52 pm

  US job openings Retreat In February

  

  US job openings inched lower last month to retreat only modestly from a record high, and vacancies still far outpaced new hires as employers struggled to bring back more sidelined workers.Though vacancies decreased in the latest survey, the data have been volatile and have yet to show a sustainable trend …

  Read More »
• 29 March 2022 7:40 pm

  US Consumer Confidence Surges In March

  

  US consumer confidence bounced back in March and remains high, though consumers’ short-term outlook is not promising.The Conference Board, a business research group, said Tuesday that its consumer confidence index, which takes into account consumers’ assessment of current conditions and their outlook for the future, rose to 107.2 in March …

  Read More »
• 29 March 2022 7:23 pm

  Fed’s Harker: Interest rate hikes deliberate, methodical

  

  Philadelphia Fed President and FOMC member Patrick Harker said on Tuesday that interest rate hikes are to be “deliberate” and “methodical”. Inflation is “far higher than … we are comfortable with” Harker said, caveating that “there are some signs in the data, and in what we hear from our contacts, …

  Read More »
• 29 March 2022 6:15 pm

  Market Drivers – European Session 29-3-2022

  

  As pointed out by Mohamed Hashad, Director of Research and Development Department at Noor Capital, in this morning’s report, The safe-haven yellow metal fell strongly after positive news regarding the progress of negotiations between Russia and Ukraine. As a result, the yellow metal gave up the levels of 1900 dollars …

  Read More »
• 29 March 2022 5:28 pm

  Breaking: XAU/USD Tumbles Below $1900

  

  As pointed out by Mohamed Hashad, Director of Research and Development Department at Noor Capital, in this morning’s report, The safe-haven yellow metal fell strongly after positive news regarding the progress of negotiations between Russia and Ukraine. As a result, the yellow metal gave up the levels of 1900 dollars …

  Read More »
• 29 March 2022 5:18 pm

  Oil drops $7 a barrel on positive signals about Russia-Ukraine peace talks

  

  Oil prices fell as much as $7 a barrel during trading on Tuesday, extending losses from the previous session, after Russia described peace talks with Ukraine as constructive, while fresh shutdowns in China to curb the spread of the coronavirus hit fuel demand. Brent crude futures fell to $105.46 a …

  Read More »
• 29 March 2022 4:22 pm

  Russian Defense Ministry says will scale down military activity around Kyiv and Chernihiv

  

  The Russian Defense Ministry said on Tuesday that it would scale down military activity in Kyiv and Chernihiv in order to create conditions for dialogue, reported Reuters, correcting an earlier headline where they had claimed that Russia said it would “stop” military activity in the area. The Russian Defense Ministry …

  Read More »