Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Gold is lower despite risk-off themes at the start of the week. Russia was on Ukraine is driving the sentiment and the US dollar higher. As US yields rally to their highest levels since July 2019, the gold price is weakening in early afternoon US trade and is losing some …
Read More »Market Analysis
March, 2022
-
14 March 2022 11:34 pm
US Shares Turn Negative As Market Sentiment Sours
Wall Street dips into the red as risk appetite fades. The disappointment on the Ukraine – Russia talks and COVID-19 in China have soured sentiment.US markets have dropped into negative territory after having opened with gains on Monday. The fragile appetite for risk witnessed during the European session seems to …
Read More » -
14 March 2022 11:12 pm
EUR/USD’s Recovery Stalls Right Below 1.1000 Area
The euro has pared losses on Monday after the previous two days’ decline. The pair has bounced up from 1.0900 lows to post a moderate advance on the day, yet lacking follow-through to break psychological resistance at 1.1000.The higher appetite for risk has supported the euro. The common currency has …
Read More » -
14 March 2022 10:29 pm
USD/CAD Trims Losses, Approaches 1.2800
The US dollar’s rebound from 1.2690 extends to levels near 1.2800 while the Canadian dollar loses ground as oil prices drop. Longer-term, the USD/CAD is expected to remain neutral to negative.The US dollar has bounced up against its Canadian counterpart on Monday to pare losses after the 1.3% reversal seen …
Read More » -
14 March 2022 10:10 pm
Washington: China Open To Provide Russians With Military Support
Russia made a request to China for military assistance at some point after the start of the now three-week invasion of Ukraine.The US has told allies that China signaled its willingness to provide military assistance to Russia, according to officials familiar with American diplomatic cables on the exchange.The cables, which …
Read More » -
14 March 2022 9:10 pm
Green Energy Wins Amid Russian Fuel Ban
Investors added over $886 million to some of the biggest exchange-traded funds that invest in clean energy last week as the U.S. and Europe took steps to cut dependence on Russian fossil fuels.Shifting to green energy is fundamental to the European Union’s climate plans, and Russia’s invasion of Ukraine compelled …
Read More » -
14 March 2022 8:29 pm
EUR/USD Rebounds, Approaches 1.1000
The EUR/USD pair has found support above 1.0930 and climbed back toward the daily high it hit on European hours at 1.0989, boosted by a stronger euro and a mixed US dollar.The key driver of price action continues to be the war in Ukraine. Volatility remains higher, even among currencies. …
Read More » -
14 March 2022 8:10 pm
Gold Consolidating Losses Around USD 1,950
Market players are focused on the latest on the Russia-Ukraine crisis. The US Federal Reserve is set to raise rates next Wednesday, but for how much.The Gold Index XAU/USD is trading at the lower end of its latest range and is poised to extend its slump. US traders hold on …
Read More » -
14 March 2022 7:48 pm
S&P 500 Advances 0.9% On Early Trading Amid Milder Risk-on
Wall Street advances on Monday amid an improved market sentiment. Hopes of progress in the Ukraine-Russia talks have lifted appetite for risk. Banks are leading gains as major central banks hint to higher rates.US markets have opened the week on a moderately positive tone, following the trend observed in Europe. …
Read More » -
14 March 2022 6:37 pm
Market Drivers – European Session 14-3-2022
Ukrainian President Volodymyr Zelenskyy will address the US Congress at 1300 GMT on Wednesday, March 16, US Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi announced in a joint statement on Monday. A Ukrainian negotiator said on Monday that official talks with Russia had been paused until Tuesday, as …
Read More » -
14 March 2022 5:23 pm
Palladium Falls More Than 10% as Fears of Shortage of Supplies Ease, And Gold Falls 1%
Palladium fell more than ten percent on Monday, snapping most of the gains that had led to record levels during the Ukraine crisis, as supply concerns eased. Gold also fell more than one percent on cautious hopes for progress in peace talks. And palladium, of which Russia is the largest …
Read More » -
14 March 2022 4:32 pm
Analysts: Russia is gradually resuming wheat exports from its ports on the Black Sea
Analysts said on Monday that Russia has gradually begun to resume wheat exports from its Black Sea ports, although shipping traffic in the Sea of Azov is still restricted. Russia began invading Ukraine on February 24 in what it describes as a “special military operation”. The price of Russian wheat …
Read More » -
14 March 2022 3:14 pm
Deutsche Bank Changes Its Decision And Ends Its Business in Russia
Deutsche Bank said on Friday it was winding down its operations in Russia, a day after its chief financial officer said it was not “practical” to close the unit. The move by Deutsche Bank, Germany’s largest bank by assets, followed the announcements on Thursday that rival investment banks Goldman Sachs …
Read More »