Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 9 March 2022 5:09 pm

  Britain to Increase Oil Production After Cutting Russian Imports

  

  Britain will increase its oil and gas production, Transport Secretary Grant Shapps said on Wednesday, after it said it would ban Russian oil supplies at the end of the year. Britain said on Tuesday it would phase out imports of Russian oil and petroleum products by the end of 2022 …

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• 9 March 2022 4:47 pm

  EU announces new sanctions on Belarussian banks

  

  The EU announced on Wednesday that it is to restrict the provision of SWIFT services to major Belarussian banks, including Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus, as well as their Belarusian subsidiaries, reported Reuters. The EU will also prohibit transactions with the Central Bank …

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• 9 March 2022 3:05 pm

  European Shares Rebound After 4 Days of Selling

  

  European shares rebounded on Wednesday as investors picked stocks that were battered in a recent market sell-off on concerns about mounting Western sanctions against Russia after its invasion of Ukraine. The pan-European Stoxx 600 index rose 2.6 percent after a series of four-day losses. The hard-hit banking, travel, and leisure …

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• 9 March 2022 2:05 pm

  Oil Continues to Rise After The US Ban on Russian Imports

  

  Oil prices rose on Wednesday amid fears of a potential supply shock after the United States banned Russian oil imports and amid signs that some buyers are already avoiding them. Brent crude futures rose $2.91, or 2.27 percent, to $130.89 a barrel, after jumping 3.9 percent the previous day. US …

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• 9 March 2022 1:38 pm

  Gold is Moving Away From Its Highs as The Dollar Consolidates

  

  Gold prices fell on Wednesday after approaching a record level, with the dollar holding near its highest level in 21 months and investors taking some profits, while the price of palladium rose after the Ukrainian crisis raised fears of a lack of supplies from Russia, its largest producer. And the …

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• 9 March 2022 12:39 pm

  Russia Makes a Decision on The US Dollar

  

  Director of the Department of Economic Cooperation of the Russian Foreign Ministry Dmitry Berishevsky said that in light of the tightening of sanctions, Russia is working to limit the use of the dollar in foreign exchange reserves and external settlements. The country will seek to switch to non-Western capital markets, …

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• 9 March 2022 12:00 pm

  Nikkei Reverses closes at 16-month low

  

  Japan’s Nikkei index reversed course and closed at a 16-month low on Wednesday, tracking a slump in Asian markets, as investors assess the impact of the deepening conflict in Eastern Europe and a new US embargo on Russian oil. The Nikkei fell 0.3 percent to close at 24,717.53 points, its …

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• 9 March 2022 11:17 am

  Britain announces new aviation sanctions against Russia

  

  Britain unveiled Wednesday, March 9, new sanctions against Russia in the aviation sector, giving it the authority to seize any Russian aircraft and banning the export of aerospace-related products to Russia. Britain will also tighten its ban on Russian planes to criminalize their flying or landing in Britain. The State …

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• 9 March 2022 10:40 am

  Oil continues to rise after the US ban on Russian imports

  

  Oil prices rose on Wednesday amid fears of a potential supply shock after the United States banned Russian oil imports and amid signs that some buyers are already avoiding them. Brent crude futures rose $2.91, or 2.27 percent, to $130.89 a barrel, after jumping 3.9 percent the previous day. US …

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• 9 March 2022 10:02 am

  Nikkei rises 0.35% at the beginning of trading in Tokyo

  

  The Nikkei average rose in early trading on the Tokyo Stock Exchange on Wednesday. The Nikkei rose 0.35 percent to 24,876.49 points, while the broader Topix index rose 0.37 percent to 1,766.43 points.

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• 9 March 2022 3:32 am

  Market Drivers – US Session – 8 March

  

  Market sentiment improved fairly as, earlier Ukraine confirmed humanitarian corridor, which allowed the evacuation of civilians. The sentiment improved further after news agencies reported Ukraine would no longer seek NATO membership, in a nod to Russia. The next round of peace talks is scheduled for next Thursday in Turkey.Economic Data:Data …

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• 9 March 2022 3:19 am

  RBA Waits To Assess Uncertainties

  

  “Not yet at point where inflation sustainably in target,” said Reserve Bank of Australia (RBA) Governor Philip Lowe at the Australian Financial Review Business Summit on early Wednesday morning in Asia.Additional Quotes:“I recognise that there is a risk to waiting too long, especially in a world with overlapping supply shocks …

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• 9 March 2022 3:12 am

  Russia’s Sovereign Default Imminent

  

  Global rating agency Fitch has downgraded Russia from ‘B’ to ‘C’, the second rating downgrade in a week, during Tuesday. The news may propel USD/RUB towards another record high, around 129.70.In addition to the rating cut, Fitch also mentioned, “The recent downgrade of a ‘C’ rating for Russia reflects belief …

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