Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 18 March 2022 7:55 pm

  Gold Prices Challenge Pressures

  

  Gold is set to register its largest one-week loss since November. In case next week’s developments point to a further escalation of the conflict, gold should gather strength and start erasing this week’s losses. On the other hand, the precious metal could come under renewed selling pressure if markets remain …

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• 18 March 2022 7:43 pm

  Fed’s Kashkari: Sees rates at 1.75-2.0% by the year’s end

  

  Federal Reserve Bank of Minneapolis President Neel Kashkari said on Friday that he sees the Federal Funds target range rising to 1.75-2.0% by the year’s end and that he sees the neutral rate of interest at 2.0%, reported Reuters. If inflation is enduring, the Fed will need to get modestly …

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• 18 March 2022 7:39 pm

  China has plans to invade Taiwan next fall

  

  China has plans to invade Taiwan as soon as next fall, according to Newsweek based on a Russian intelligence document.Traders are treating the report with skepticism. Many geopolitical analysts had viewed recent geopolitical events regarding Russia’s invasion of Ukraine as likely to dissuade China from mounting an assault on Taiwan …

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• 18 March 2022 6:11 pm

  US Existing Homes Sales Fall in February

  

  US Existing Home Sales over the last 12 months fell to 6.02M in February from 6.49M in January, larger than the expected drop to 6.10M, according to data released by the National Association of Realtors. That marked a 7.2% MoM drop in the 12-month rolling sales number in February versus …

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• 18 March 2022 5:20 pm

  The euro is on its way to the largest weekly rise in 6 weeks

  

  The euro fell on Friday but was on track for its biggest weekly gain in six weeks as traders breathed a sigh of relief after Russia avoided defaulting on dollar-denominated debt and markets digested the broader impact of the start of the US interest rate hike cycle. The euro slipped …

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• 18 March 2022 4:49 pm

  Canada: Retail Sales rise by 3.2% in January

  

  Headline Canadian Retail Sales rose at a pace of 3.2% MoM in January, much stronger than the expected 2.4% gain, marking a strong rebound from December’s Omicron Covid-19 variant induced drop of 1.8% MoM, data released by Statistics Canada showed on Friday. Retail Sales excluding autos also saw stronger than …

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• 18 March 2022 3:33 pm

  Nickel prices fell 12% on the London Metal Exchange

  

  3-month nickel contracts retraced 12% on Friday morning to new trading levels, as heavy selling continued in the international metals markets. The price reached 36,915 dollars per metric ton with the opening of trading on the London Metal Exchange. Nickel prices doubled within hours on March 8, surpassing $100,000 a …

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• 18 March 2022 3:01 pm

  Russian central bank keeps policy rate unchanged at 20%

  

  The Bank of Russia announced on Friday that it left the policy rate unchanged at 20% as expected. “Will take into account actual and expected inflation movements relative to the target and economic developments over the forecast horizon.” “Will take into account risks posed by domestic and external conditions and …

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• 18 March 2022 1:44 pm

  European shares set for best weekly performance since November 2020

  

  European shares rose on Friday, extending the strong gains recorded this week, with investors focused on the Russian-Ukrainian peace talks that seem to have made no progress so far. The pan-European Stoxx 600 index rose 0.2 percent by 0814 GMT and was on track for its best weekly performance since …

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• 18 March 2022 1:18 pm

  Japan imposes new sanctions on Russian defense officials and arms export company

  

  Japan said it would impose sanctions on 15 individuals and nine Russian organizations, including defense officials and state-owned arms exporter Rosoboronexport. The sanctions, which include asset freezes, are the latest in a series of measures taken by Japan in the wake of Russia’s invasion of Ukraine. Japan has so far …

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• 18 March 2022 12:20 pm

  Japan’s Nikkei averages biggest weekly gain in nearly two years

  

  The Japanese Nikkei index ended Friday’s trading on a rise and recorded the largest weekly gain in nearly two years, tracking the impact of Wall Street gains, in light of caution over a five-day rally in local markets. The Nikkei increased 0.65% to close at 2,6827.43 points, and its gains …

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• 18 March 2022 11:42 am

  Standard & Poor’s downgrades Russia’s rating to CC

  

  Credit rating agency Standard & Poor’s on Thursday downgraded Russia’s rating to CC from -CCC, as Moscow reported difficulties in meeting debt payments due on dollar-denominated bonds in 2023 and 2043. The rating agency said Russia’s payments problems were caused by international sanctions over the invasion of Ukraine. Sanctions have …

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• 18 March 2022 11:05 am

  Oil jumps with little progress in Russia-Ukraine talks

  

  Oil prices continued to rise on Friday at the end of a volatile third week with little progress in peace talks between Russia and Ukraine, raising fears of tighter sanctions and prolonged oil supply disruptions. Russian President Vladimir Putin, in a stern speech on Thursday, denounced “traitors and scum” at …

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