Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 17 March 2022 5:46 pm

  Weekly Initial Jobless Claims Fall to 214K

  

  There were 214,000 initial jobless claims in the US in the week ending on 12 March, less than the 220,000 expected and below the week prior, when there were 229,000 claims (revised up from 227,000), data published by the US Department of Labor (DOL) revealed on Thursday. The four-week moving …

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• 17 March 2022 4:32 pm

  BoE Hikes interest rates by 25bps to 0.75% as expected

  

  In its latest monetary policy announcement, the Bank of England (BoE) opted to raise the benchmark UK interest rate by a further 25bps to 0.75% from 0.50%, as had been widely expected. GBP’s kneejerk reaction was to drop sharply as a result of only eight on nine Monetary Policy Committee …

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• 17 March 2022 4:16 pm

  Euro Gives up Some Gains And Focus on Ukraine Talks

  

  The euro gave up some of its gains on Thursday as investors closely watched any developments in talks between Russia and Ukraine, while monetary policy decisions by the US central bank failed to impact the market as expectations of a rate hike were high. The euro rose 0.05 percent to …

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• 17 March 2022 3:14 pm

  Gold Shines as Dollar Declines And Bond Yields Rise

  

  Gold prices rose on Thursday as the dollar fell after the Federal Reserve raised interest rates, which makes the precious metal less expensive for holders of other currencies, but the rise in Treasury yields limited the gains. And spot gold contracts rose 0.4 percent to $ 1936.26 an ounce, after …

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• 17 March 2022 2:45 pm

  Euro Area Annual HICP Rises to 5.9% in February

  

  Annual inflation in the euro area, as measured by the Harmonised Index of Consumer Prices (HICP), rose to 5.9% in February, Eurostat announced on Thursday. This print came in higher than the flash estimate and the market expectation of 5.8%. the Core HICP, which excludes volatile food and energy prices, …

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• 17 March 2022 2:41 pm

  European shares rise after US interest rate hike

  

  European shares rose on Thursday, tracking Wall Street gains overnight after a widely expected hike in US interest rates, while optimism about Russia-Ukraine peace talks boosted sentiment. The pan-European Stoxx 600 index rose 0.5% by 0900 GMT and is on track to recover all of its losses in March. Wall …

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• 17 March 2022 1:33 pm

  BoE Preview: Forecasts From Three Major Banks

  

  The Bank of England (BoE) will announce its decision on Thursday, March 17 at 12:00 GMT, and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 3 major banks. Wells Fargo “We expect the BoE to raise its policy rate …

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• 17 March 2022 12:52 pm

  Oil jumps 3% after the International Energy Agency warns of a lack of supply

  

  Oil prices rose about 3 percent on Thursday after the International Energy Agency said markets could lose 3 million barrels per day of crude and refined products from Russia starting in April. The agency stated that the lost supplies would be much larger than the expected drop in demand of …

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• 17 March 2022 12:09 pm

  4 dead after 7.4-Magnitude Earthquake Hits Coast Off Japan’s Fukushima Prefecture

  

  Tens of thousands of Japanese families were still without electricity Thursday morning, ten hours after a powerful 7.3-magnitude earthquake killed at least four people and injured more than 100, as well as halting transportation to the northeast. Wednesday’s earthquake, off the coast of Fukushima, led to the indefinite suspension of …

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• 17 March 2022 11:34 am

  Nikkei Closes at More Than Two-Week High After US Interest Rate Hike

  

  The Nikkei index closed at its highest level in more than two weeks on Thursday, following a strong rally on Wall Street on Wednesday night, after the Federal Reserve (the US central bank) raised interest rates as expected, while boosting hopes of a breakthrough in the Russian conflict. Ukrainian morale. …

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• 17 March 2022 11:04 am

  Gold Stabilizes After The US Federal Reserve Rate Hike

  

  Gold prices stabilized on Wednesday as the dollar weakened after the US Federal Reserve raised interest rates by a quarter of a percentage point in a widely expected move. And the price of gold in spot transactions rose 0.1 percent to $ 1920.45 an ounce (an ounce) at 1920 GMT, …

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• 17 March 2022 5:18 am

  Will BoE Hike Interest Rates To Pre-Covid Level?

  

  On Thursday, March 17 at 12:00 GMT, the Bank of England will announce its decision and as markets get closer to the release time, the British central bank is widely expected to raise the benchmark interest rate by 25 bps from 0.50% to 0.75%, marking a lift-off for a third …

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• 17 March 2022 4:54 am

  Solid Australian Employment Data Offer Support To AUD

  

  Australian employment sped past expectations in February as activity recovered surprisingly quickly from an Omicron outbreak, driving unemployment down to lowest since 2008. The latest data do add to pressure for an early interest rate hike. Latest floods in New South Wales and Queensland have come after the February reference …

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