Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 30 March 2022 6:10 pm

  Market Drivers – European Session 30-3-2022

  

  Private sector employment in the US rose by 455,000 in March, ever so slightly above the 450,000 expected gain, according to US payroll company ADP’s latest estimate of national employment change released on Wednesday. The broadly in line with expected ADP data will instill confidence that Friday’s official jobs report …

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• 30 March 2022 5:15 pm

  The Secretary-General of OPEC urges OPEC + to maintain the path and follow the changes

  

  A media statement quoted OPEC+ Secretary-General Muhammad Barkindo as saying that the OPEC+ group, which includes Russia and other producers, should “keep the path” regarding the group’s decisions, adding that it should also continue to follow market developments closely. OPEC + ministers are scheduled to meet on Thursday to decide …

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• 30 March 2022 4:50 pm

  Gold rises as dollar slips amid caution over Ukraine

  

  Gold prices rose on Wednesday, supported by a weak dollar and a slight drop in US Treasury yields, while investors awaited more details from talks between Russia and Ukraine in Turkey. And gold rose in spot transactions 0.4 percent to $ 1926.60 an ounce by 1250 GMT. US gold futures …

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• 30 March 2022 4:10 pm

  The Kremlin: Russia will not request an immediate transfer of gas payments in rubles

  

  The Kremlin said on Monday that Europe would be hit hard in the event of a Russian oil embargo, which would hurt the continent’s energy balance but not affect the United States. Some European Union foreign ministers are pressing for an oil embargo as part of an escalation of sanctions …

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• 30 March 2022 3:24 pm

  German Government Council slashes 2022 GDP forecast by more than half

  

  The German government’s council of economic advisers on Wednesday cut the country’s gross domestic product (GDP) forecast by more than half for this year, in the face of the economic uncertainty due to Russia’s invasion of Ukraine. “Germany should immediately pull out all the stops to arm itself against a …

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• 30 March 2022 2:32 pm

  Oil rises with supply shortage and possible new sanctions against Russia

  

  Oil prices reversed their heavy losses, rising more than 2 percent on Wednesday as supply tightened and prospects of new Western sanctions against Russia increased, despite signs of progress in peace talks between Moscow and Kiev. Brent crude futures rose $2.48, or 2.3 percent, to $112.71 a barrel by 1003 …

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• 30 March 2022 1:23 pm

  Germany announces “early warning” of possible gas supply disruptions

  

  Germany on Wednesday declared an “early warning” that it may be moving toward declaring a state of emergency over gas supplies, and said the measure was aimed at preparing for a possible disruption or interruption of natural gas flows from Russia. Economy Minister Robert Habeck said in a statement that …

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• 30 March 2022 12:29 pm

  Oil prices fall amid positive signs from Russia-Ukraine peace talks

  

  Oil prices fell on Tuesday, extending the previous day’s losses after Russia described peace talks with Ukraine as constructive, and China’s new shutdown to curb the spread of the coronavirus hit fuel demand. Brent crude fell 2% to end the day at $110.23 a barrel, while US West Texas Intermediate …

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• 30 March 2022 11:08 am

  World Bank chief says Gulf producers role critical in dampening oil volatility

  

  World Bank President David Malpass said on Wednesday that oil-producing Gulf countries can play a vital role in calming oil and gas prices in the coming months. And many consuming countries urged the OPEC + group to increase production at a faster pace, with the rise in crude prices, which …

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• 30 March 2022 10:30 am

  US wheat and corn prices fall amid hopes for a ceasefire in Ukraine

  

  US wheat futures fell 4% and corn futures fell 4% on Tuesday, as comments from Russia and Ukraine, following talks in Turkey, revived hopes for a ceasefire in a conflict that has disrupted major grain exports from the Black Sea region. The Chicago Board of Trade May wheat futures fell …

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• 30 March 2022 3:05 am

  Market Drivers – US Session – 29 March

  

  The US dollar plunged mimicking other safe-haven assets amid renewed hopes for a diplomatic solution to the Russia-Ukraine crisis. Risk appetite surged following news headlines indicating a de-escalation of Russian attacks around Kyiv and Chernihiv, as announced by Russia’s mediator Vladimir Medinsky.Ukraine has suggested a new security guarantee system, with …

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• 30 March 2022 2:57 am

  US ADP Employment Expectations As Job Creation Slows Down

  

  While yield curve flattens, US ADP payrolls are expected at 438K in March, NFP at 475K. US yield curve is flattening, tolling the bells and ringing recession alarm amid 50-bps Fed’s rate hike bets next May.Fed Chair Powell believes the labour market is strong enough, recession seems unlikely, but could …

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• 30 March 2022 2:26 am

  US Dollar Index Fails To Hold On Positive Market Sentiment

  

  The US dollar index (DXY) has witnessed a serious plunge near 99.40 after its failed attempts of touching the psychological figure of 100.00. Souring market sentiment on obscurity over the progress of the Russia-Ukraine peace talks.Talks were providing a cushion to the strong dollar, but risk sentiment turned active after …

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