Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 10 March 2022 10:57 am

  Oil Rises After The UAE Says it is Committed to The OPEC+ Agreement to Increase Supplies

  

  Oil prices recovered on Thursday after the United Arab Emirates said it was committed to the OPEC+ agreement to increase monthly supplies by 400,000 barrels per day, hours after its ambassador in Washington said his country favored a larger increase. US West Texas Intermediate crude contracts jumped more than three …

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• 10 March 2022 6:10 am

  Market Drivers – US Session – 9 March

  

  The American Dollar and commodity prices were sharply down on Wednesday amid hopes for a solution to the Ukraine-Russia crisis. Economic DataUS oil stockpiles fell across the board last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.9 million barrels in the week to March 4 …

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• 10 March 2022 5:30 am

  Bitcoin Climbs Above $42,000 As $183 Trillion Liquidated

  

  Bitcoin price posted 10% gains over the past day amidst short liquidations across exchanges. Short positions in Bitcoin were among the most liquidated, followed by Ethereum, within the past 24 hours. Analysts argue that the Bitcoin price has bounced from the bottom of ascending range bound activity, presenting a bullish …

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• 10 March 2022 5:17 am

  US Dollar Hovers Around 98.00 ahead of Initial Jobless Claims, CPI Data

  

  The DXY is oscillating around 98.00 ahead of US inflation and Initial Jobless Claims. The risk-on impulse has brought a sell-off in the dollar index. Investors brace an aggressive tightening policy by the Fed.The US dollar index (DXY) is hovering around 98.00 as investors await the US Consumer Price Index …

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• 10 March 2022 5:10 am

  Russia’s Natural Gas Too Big To Sanction

  

  Russia’s wealth of commodities seems too big to sanction. Russia’s vast energy exports have been subject to unprecedented sanctions imposed by the Western nations in response to the invasion of Ukraine. In 2020, Russia produced 638.5 billion cubic meters of natural gas, decreasing the volume by approximately 40.5 billion cubic …

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• 10 March 2022 1:51 am

  White House Warns: Another High Reading In February Inflation Report

  

  The White House is bracing for a new inflation report coming out Thursday that it expects will show continued high prices for Americans. The consumer price index, a key report indicating inflation in the US, will be released by the Bureau of Labour Statistics at 8:30 a.m. ET Thursday. Last …

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• 10 March 2022 1:32 am

  US Energy Secretary: Working With US Oil, Gas Producers To Raise Supply

  

  US Energy Secretary Jennifer Granholm, speaking at the CERAWeek energy conference in Houston on Wednesday, said that the Biden administration wants to work with US oil and gas producers to raise supply.The impacts of higher costs for fuel are real and severe, Granholm added, saying that “we have a responsibility …

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• 10 March 2022 1:19 am

  Amid Speculations On ECB Decision, Euro Surges As Investors Embrace Risk

  

  The euro gained more than 1.5% against the dollar on Wednesday as risk appetite returned to financial markets and energy as well as commodity prices eased from recent peaks that were driven by Russia’s invasion of Ukraine and the Western sanctions imposed in response. Market expectations about the potential for …

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• 10 March 2022 1:00 am

  Pentagon: US Not Supporting Combat Aircraft Transfer To Ukraine

  

  According to a spokesperson of the US Pentagon, the US does not currently support the transfer of additional combat aircraft to Ukraine at this time, reported Reuters. Rather, the US sees the need for other weapons to be sent to help Ukraine, the spokesperson added, noting that Ukraine currently has …

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• 9 March 2022 11:54 pm

  AUD/USD Surges As Traders Speculate How Long War May Last

  

  AUD/USD is correcting a rally that started at the start of the European session as global commodity prices have steadied after their recent surge while investors sought some sense of how long the Russian-Ukraine conflict might last. The AUD/USD pair is trading at 0.7317, up some 0.70% and has traveled …

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• 9 March 2022 10:07 pm

  WTI Drops Over Zelensky’s Compromise Statements

  

  Front-month WTI futures saw a sharp, sudden drop in recent trade, falling from the $116/barrel area to print daily lows in the $104/barrel area in a matter of minutes, before recovering to around $110 once more where it now trades down over $14 on the day. Ukrainian President Volodymyr Zelenskyy …

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• 9 March 2022 9:50 pm

  US Job Openings Flat In January Vs. December’s Record

  

  Data released on Wednesday showed there were 11.263 million job openings in the United States in January, marking a slight decline from the prior month’s upwardly revised, and record high, number, according to the labour Department.Analysts expected the number to hold steady at December’s previously stated 10.925 million.The phrase ‘little …

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• 9 March 2022 9:12 pm

  The UAE To Encourage Fellow OPEC Members To Boost Oil Production

  

  The UAE is set to encourage fellow OPEC nations to increase oil production levels given that the Russian invasion of Ukraine has pushed crude oil prices to their highest level in more than ten years, a senior official said on Wednesday, according to the Financial Times. In a statement to …

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