Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 16 March 2022 11:41 am

  British Prime Minister seeks to increase supplies of UAE and Saudi oil

  

  British Prime Minister Boris Johnson will visit the United Arab Emirates and Saudi Arabia on Wednesday as part of efforts to secure more oil supplies and increase pressure on Russian President Vladimir Putin over Ukraine. At a time when Britain, like most of the West, faces a state of frenzy …

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• 16 March 2022 11:18 am

  Biden Signs Government Funding Bill That Includes $13.6 Billion in Aid to Ukraine

  

  President Joe Biden on Tuesday signed a $1.5 trillion bill that funds federal operations through September and sends billions of dollars in aid to Ukraine as the country grapples with a war with Russia. Washington had to approve the spending plan by the end of the day to prevent a …

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• 16 March 2022 10:35 am

  EU, Three Countries Agree To Waive Covid Vaccines’ Intellectual Property

  

  The United States, the European Union, India, and South Africa have reached a preliminary agreement on a limited waiver of intellectual property rights for COVID-19 vaccines, informed sources said Tuesday. The sources said that the initial agreement between a smaller group of countries needs the approval of the capitals of …

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• 16 March 2022 4:06 am

  Market Drivers – US Session – 15 March

  

  The US dollar started the day on the back foot but managed to recover the ground lost during US trading hours. The EUR/USD pair is trading at around 1.0940, while GBP/USD changes hands at 1.3035.Economic DataCanada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in …

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• 16 March 2022 4:02 am

  Could US Retail Sales Data Redirect FOMC’s Decision?

  

  Economists expect US Retail Sales to have risen by a modest 0.4% in February. Robust consumption figures in previous months open the door to an upside surprise.Surge in the dollar could serve as a selling opportunity ahead of a potentially dovish Fed. Even war cannot stop America’s shopping extravaganza and …

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• 16 March 2022 3:07 am

  Biden to announce $1 billion military aid to Ukraine Wednesday

  

  US President Biden is expected to announce more than $1 billion in new military assistance to the Ukraine government as early as Wednesday, according to US officials. Ukrainian President Volodymyr Zelensky is expected to make a plea to Congress for more aid to defend his country.The money would come from …

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• 16 March 2022 3:01 am

  EUR/USD Slides As FOMC Meeting Awaited

  

  The shared currency extended its weekly advance for two consecutive days but retraced from around 1.1000 as the Federal Reserve is set to embark on the beginning of its hiking cycle for the first time since 2018. The EUR/USD is trading at 1.0961 at the time of writing.On Tuesday, the …

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• 16 March 2022 2:54 am

  Will FOMC Meeting Be A Tough Call?

  

  The FOMC has an unenviable task of trying to guide monetary policy through a period of turbulence. The March 15-16 meeting will be essential to communicate its present action and set the monetary policy path and tone for the future.Leaning the stance of individual policymakers will matter more than usual …

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• 16 March 2022 2:17 am

  Will BoE Be Trapped In Tightening Corner?

  

  The Bank of England is almost certain to increase borrowing costs on Thursday, marking the third consecutive meeting where it has hiked rate as it continues its exit from pandemic-related stimulus. One problem is that BoE hike expectations are not happening in a vacuum or in isolation. Other Developed Market …

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• 16 March 2022 12:44 am

  Markets Optimistically Await Wednesday’s Ukraine, Russian Talks

  

  Mykhailo Podoliyak, one of the representatives of Ukraine at Russian-Ukrainian negotiations, has said, ”We’ll continue tomorrow. A very difficult and vicious negotiation process. There are fundamental contradictions. But there is certainly room for compromise. During the break, work in subgroups will be continued”.Russia lobbed more missiles into Kyiv, amid heightened …

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• 16 March 2022 12:00 am

  Lagarde: Eurozone heading for growth despite Ukraine war

  

  The euro zone economy is still set for robust growth this year, even if war in Ukraine is going to be a drag via high commodity prices, European Central Bank President Christine Lagarde said on Tuesday.“If the baseline scenario of the staff projections materializes, the economy should still grow robustly …

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• 15 March 2022 11:36 pm

  Gold Down Ahead of Fed Meeting

  

  The gold price is down 1.5% after falling from a high of $1,954.72 to a low of $1,907.08, slipping below a critical level on the daily chart with the downside now fully exposed. The price of oil has been falling and markets are volatile ahead of tomorrow’s US Federal Reserve …

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• 15 March 2022 11:23 pm

  USD/CAD Reversal Extends To Fresh Lows

  

  The US dollar pulls back to 1.2780 from 1.2870 highs. The Canadian dollar appreciated favored by a brighter market mood. USD/CAD is now testing trendline support at 1.2780.The US dollar’s recovery from last Friday’s lows sub-1.2700 has found resistance at 1.2870 highs earlier Tuesday. The pair has dropped about 0.7% …

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